Business

Exclusive: Carmakers Forced Back To Bigger Engines In New Emissions Era

Tougher European car emissions tests being introduced in the wake of the Volkswagen (VOWG_p.DE) scandal are about to bring surprising consequences: bigger engines. Carmakers that have spent a decade shrinking engine capacities to meet emissions goals are now being forced...

GE Turns To Chinese Partners To Lift Silk Road Infrastructure Sales

General Electric Co (GE) (GE.N) expects increased partnership with Chinese infrastructure firms along China's 'New Silk Road' which aims to link Asia with Europe and the Middle East to generate a significant jump in third-party country sales. Vice Chairman John...

In Samsung’s Town In Vietnam, Workers Confident Of Riding Out Note 7 Storm

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As Samsung Electronics (005930.KS) struggles to salvage its reputation after the safety problems that have beset its flagship Galaxy Note 7 smartphone, the South Korean company can at least bank on an army of Vietnamese workers for support. Tens of...

Verizon Says Yahoo Hack ‘Material,’ Could Affect Deal

Verizon Communications Inc (VZ.N) said on Thursday it has a "reasonable basis" to believe Yahoo Inc's (YHOO.O) massive data breach of email accounts represents a material impact that could allow Verizon to withdraw from its $4.83 billion deal to...

Samsung Slashes Third Quarter Profit Estimate By A Third After Pulling Plug On Note 7

Samsung Electronics Co (005930.KS) slashed its quarterly profit estimate by a third on Wednesday, soaking up a $2.3 billion hit from ditching its flagship smartphone in what could be one of the costliest product safety failures in tech history. Quantifying...

Energy Ministers From OPEC And Russia Hold Informal Talks In Istanbul

Energy ministers from Qatar, the United Arab Emirates, Algeria, Venezuela and Russia began informal closed-door talks with the secretary general of OPEC in Istanbul on Wednesday as they try to coordinate efforts to rebalance the oil market. OPEC officials are...

Apple To Set Up R&D Center In Shenzhen, Bolster China Ties

Apple Inc (AAPL.O) will set up a research and development center in China's manufacturing metropolis Shenzhen, the U.S. tech giant said on Wednesday, as the firm looks to spur growth in the world's second largest economy amid growing competition. The...

Oil, Sterling, Dollar And Gold In Focus

Global stocks staged a miraculous rebound during trading on Monday with most arenas charging into gains following the sharp appreciation in oil prices which bolstered investor risk sentiment. Asian shares were uplifted on Tuesday as oils resurgence attracted bulls...

U.S. Top Court To Hear Apple-Samsung Feud Over Iphone Designs

After five years of litigation, the U.S. Supreme Court will hear arguments on Tuesday in the bitter patent dispute between the world's two top smartphone manufacturers over the amount Samsung (005930.KS) should pay Apple (AAPL.O) for copying the iPhone's...

Twitter’s Shares Slump On Report That Potential Bidders Lose Interest

Twitter Inc's (TWTR.N) shares slumped more than 13 percent in early trading on Monday after a weekend Bloomberg report that top potential bidders, including Salesforce.com Inc (CRM.N), had lost interest in making a bid for the company. Salesforce, Alphabet Inc's...