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Wednesday, January 17, 2018

Citigroup reports $18 billion loss on one-time tax items

( Reuters) - Citigroup Inc published an $18- billion quarterly loss on Tuesday due to the fact that of charges associated with a brand-new...

U.S. oil industry set to break record, upend global trade

HOUSTON (Reuters) - Rising shale production is poised to press U.S. oil output to more than 10 million barrels each day - falling a...

China consumer group seeks answers from Apple about slowing iPhones

SHANGHAI (Reuters) - A Chinese customer group has actually asked Apple (AAPL.O) for details about the slowing down of older iPhones after running system...

Britain’s Carillion collapses after banks pull the plug

LONDON (Reuters) - Carillion collapsed on Monday when its banks ended, activating Britain's greatest business failure in a years and requiring the federal government...

HNA’s problems mount as airlines delay payments, bank sets up team to handle debt:...

SHANGHAI/SINGAPORE (Reuters) - Some airline companies connected with China's HNA Group Co Ltd are postponing airplane lease payments to lessors, and Export-Import Bank of...

Ford ups electric vehicle plans to $11 billion by 2022: executive

( Reuters) - Ford Motor Co (F.N) will increase substantially its scheduled financial investments in electrical cars to $11billion by 2022, Chairman Expense Ford...

Airbus in talks on 70-80 million euro deal to end German probe: paper

FRANKFURT (Reuters) - Plane (AIR.PA) remains in talks with German district attorneys to end an examination into the sale of Eurofighter jets to Austria...

Ford unveils future Ranger pickup for segment rivals dominate

DETROIT (Reuters) - Ford Motor Co (F.N) on Sunday will formally take the covers off its long-awaited Ranger midsize pickup, a year ahead of...

South African protesters ransack H&M stores over ‘racist’ ad

JOHANNESBURG (Reuters) - Protesters outraged by a "racist" H&M ad raided numerous of the Swedish style group's South African shops on Saturday. The Economic...

GM’s new Chevy Silverado bids for more U.S. pickup profits

DETROIT (Reuters) - General Motors Co on Saturday will fire a brand-new round in the fight for revenues from among the United States car...