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Thursday , January 28 2021

Business

VW mulls cutting temporary workers – Automaker hires anti-corruption exec as it deals with scandal

BERLIN, Oct 17, (Agencies): Volkswagen is considering a reduction in temporary workers as part of efforts to offset the cost of the emissions scandal, the …

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Russian hackers breached Dow Jones for trading tips – Breach for more serious than lower-grade intrusion: Bloomberg

NEW YORK, Oct 17, (RTRS): Russian hackers had infiltrated Dow Jones & Co to steal information to trade on before it was made public, and …

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‘Fewer than 10’ targeted in VW probe: prosecutors – Daimler compliance manager to help tackle scandal

FRANKFURT, Oct 16, (Agencies): German prosecutors said Friday they had identified fewer than 10 suspects in the massive pollution-cheating scandal that has engulfed Volkswagen, as …

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Saudi’s Naimi says sees oil demand improving – OPEC strategy working — analysts

RABAT, Oct 16, (RTRS): Saudi Oil Minister Ali al-Naimi said on Thursday he saw signs of global oil demand improving despite the economic slowdown in …

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China, Indonesia sign high-speed rail deal-Beijing beat Tokyo to win $5.5 bln project

JAKARTA, Oct 16, (Agencies): Chinese and Indonesian state-owned companies Friday signed a $5.5 billion deal to build the first high-speed railway in Southeast Asia’s top …

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US factory output drops 0.1 pct in Sept – Budget gap shrinks

WASHINGTON, Oct 16, (AP): US manufacturing production fell for the second straight month in September as factories cranked out fewer appliances, computers, and electronics. Factory …

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India drug industry TPP deal will raise prices – New Delhi not part of agreement but sells to deal nations

NEW DELHI, Oct 16, (RTRS): Leaders of India’s $15 billion pharmaceuticals industry, a major supplier of affordable generics to the world, have joined public health …

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Kuwait Jazeera Airways says considering long-haul flights – Carrier hopes to synergize with KAC

DUBAI, Oct 14:  Jazeera Airways may launch long-haul flights if it’s not able to buy a controlling stake in Kuwait Airways, chief financial officer Donald …

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Cheap oil offers no respite for rising Saudi ‘interbank’ rates – Banks can cope with bond issues for at least another year

DUBAI, Oct 14, (RTRS): Saudi Arabian money rates have entered a long-term uptrend that may end only when oil prices recover, bankers say, as the …

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Weak US retail sales, inflation data cast doubt on Fed rate hike – Inventories flat

WASHINGTON, Oct 14, (RTRS): US retail sales barely rose in September and producer prices recorded their biggest decline in eight years, raising further doubts about …

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