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Business

French trade unions voice opposition to Alstom/Siemens tie-up deal

CGT and FO labour union workers from Alstom demonstrate prior to the Finance Ministry in Paris, France, November 30, 2017. REUTERS/Charles Platiau

STRASBOURG (Reuters) – French trade unions expressed their opposition on Tuesday to last year’s agreed tie-up between Alstom <ALSO.PA> and Siemens <SIEGn.DE>, saying they feared possible job cuts.

Last September, Siemens and Alstom wanted to …

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Business

Hyundai hopes bigger, revamped Santa Fe SUV will reverse U.S. sales slump

The 2013 Hyundai Santa Fe is seen on a news conference for the 2012 L . a . Auto Show in Are generally, California November 28, 2012. REUTERS/Phil McCarten

SEOUL (Reuters) – Hyundai Motor <005380.KS> unveiled on Tuesday a re-designed Santa Fe, hoping the initial makeover on the suv (SUV) in six years will assist rectify …

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Business

World markets can absorb some trade turbulence as Trump digs in

FILE PHOTO: Container ship sometimes appears with the Yangshan Deep Water Port, a part of the Shanghai Free Trade Zone, in Shanghai, China September 24, 2016. REUTERS/Aly Song/File Photo

LONDON/GENEVA (Reuters) – Booming global trade and economic growth have cushioned world markets against the political turbulence of Donald Trump’s first year within the White House, but …

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Business

GM to produce 15 new and redesigned models in China this current year

FILE PHOTO – The GM logo is noted on the Vehicle Warren Transmission Operations Plant in Warren, Michigan October 26, 2015. REUTERS/Rebecca Cook/File Photo

BEIJING (Reuters) – General Motors Co plans to launch 15 new and redesigned vehicles in China this holiday season, within a bid to “strengthen sales momentum” while in the world’s biggest automobile …

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Business

Shares in Prince Alwaleed’s firm soar, but banks remain cautious

Saudi Arabian billionaire Prince Alwaleed bin Talal sits to have an interview with Reuters at work from the suite when they have been detained along at the Ritz-Carlton in Riyadh, Saudi Arabia January 27, 2018, REUTERS/Katie Paul

DUBAI (Reuters) – Prince Alwaleed bin Talal’s freedom has sent shares of his flagship company soaring, but banks will …

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Business

U.S. washer tariffs put Samsung, LG supply chains from the wringer

FILE PHOTO: Samsung units have emerged in a very store in Singapore January 26, 2018. REUTERS/Thomas White/File Photo

SEOUL (Reuters) – When South Korea’s Samsung Electronics and LG Electronics recently announced offers build home appliance factories in america, they hoped to sidestep any fallout from President Donald Trump’s “America First” manufacturing and jobs mantra.

Last week’s decision …

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Business

Exclusive: Blackstone in predicts buy majority stake in key Thomson Reuters unit – sources

FILE PHOTO: The Thomson Reuters logo is seen on the company building in Times Square, Nyc October 29, 2013. REUTERS/Carlo Allegri/File Photo

LONDON (Reuters) – U.S. private equity finance firm Blackstone Group LP <BX.N> is within advanced speaks to purchase a stake approximately 55 percent in Thomson Reuters Corp’s <TRI.N> <TRI.TO> Financial and Risk business, an …

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Business

Spooked by monkeys, Bosch looks to oysters and cattle for profit

The Bosch logo is reflected in a semiconductor wafer while in the company manufacturing base in Reutlingen, Germany, June 16, 2017. REUTERS/Michaela Rehle

LUDWIGSBURG, Germany (Reuters) – Germany’s Robert Bosch, the world’s biggest automotive supplier, is betting on farming technology to boost profit this year as disclosures about experiments by carmakers on monkeys jeopardize diesel-related jobs. …

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Business

Facebook to ban cryptocurrency-related ads

FILE PHOTO: Someone walks past a stainless steel board showing forex rates of numerous cryptocurrencies at Bithumb cryptocurrencies exchange in Seoul, Columbia, January 11, 2018. REUTERS/Kim Hong-Ji/File Photo

(Reuters) – Facebook Inc <FB.O> said it can ban ads promoting financial loans and services associated with cryptocurrencies and initial coin offerings.

“We’ve resulted in a new policy that …

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Business

Amid angst over iPhone X, Wall Street braces for weak forecast from Apple

FILE PHOTO: The iPhone X is pictured on the Apple Store Marche Saint-Germain in Paris, France, November 3, 2017. REUTERS/Benoit Tessier/File Photo

SAN FRANCISCO (Reuters) – When Apple Inc <AAPL.O> announces its first-quarter earnings on Thursday, investors will seek indications of perhaps the company’s $999 iPhone X launched last autumn had been a Steve Jobs-style hit …