April, 2018

• 15 April

  Merkel looks at ways to tackle Germany’s east/west disparities

  

  BERLIN / Reuters German Chancellor Angela Merkel on Sunday said government subsidies were needed to address lingering disparities in the quality of life in the states of former Communist East Germany and West Germany 28 years after unification. In a video webcast, Merkel said the government needed to look at ways to address the structural differences that would remain after ...

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• 15 April

  No retaliation after Syria boosts Gulf; Saudi petchems up on oil

  

  Reuters Most Gulf stock markets rose on Sunday due to firm oil prices and relief that the weekend’s military attack on Syria was relatively limited in scope and there was no immediate retaliation. The United States, France and Britain launched 105 missiles after a suspected poison gas attack in Syria a week earlier. The strikes were limited to three alleged ...

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• 15 April

  Oil may be about to jump

  

  Bloomberg Oil prices, already at more than three-year highs, may be about to jump further. And, to JPMorgan Chase & Co., crude-related assets are starting to look attractive. Brent oil could spike to $80 a barrel if the US and European Union reimpose sanctions on Iran and as Western powers expand the scope of the Syrian civil war, JPMorgan strategists, ...

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• 15 April

  Toyota’s Hino, VW truck unit tie up to trim R&D costs

  

  TOKYO / Reuters The truck units of Toyota Motor and Volkswagen AG are forming an alliance to bolster their market positions as commercial vehicle makers face growing costs to develop lower-emission vehicles and automated driving capabilities. The strategic tie-up of Toyota subsidiary Hino Motors and Volkswagen Truck & Bus GmbH is the latest in the global vehicle industry, where au ...

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• 15 April

  Tata Motors’ UK unit to cut 1,000 jobs

  Bloomberg Jaguar Land Rover, Britain’s biggest carmaker, is poised to announce the elimination of around 1,000 posts currently filled by workers on short-term contracts as it grapples with slumping UK sales of diesel autos and uncertainty around Brexit. JLR, a unit of India’s Tata Motors Ltd., will formally announce the cuts on Monday when it reveals production plans for the ...

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• 15 April

  World’s best-performing department stores chain this year is from India

  

  Bloomberg The allure of India’s consumer stocks is getting stronger. Jefferies India Pvt. joins a growing chorus of bulls on the producers of staples and branded goods. Its picks in the sector include V-Mart Retail Ltd., whose stock-market performance has made the company the world’s best-performing department stores chain this year, according to data compiled by Bloomberg. Shares of V-Mart, ...

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• 15 April

  Agarwal to help Anglo tap India’s 1.3bn people

  

  Bloomberg Anglo American Plc’s biggest shareholder, billionaire Anil Agarwal, has offered to help the mining giant expand into India. “That’s a big market for them,” Agarwal said in an interview in Lusaka. “I am going to help them if they need to open up that market for them to work there.” The mining tycoon wasn’t explicit about whether he wanted ...

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• 15 April

  ‘China’s Hawaii’ gets president Xi’s support to boost tourism

  

  Bloomberg China’s southernmost province of Hainan is getting a package of favourable policies covering tourism, duty-free shopping and medical services that’s designed to help transform the island into an international tourism destination. Hainan, often billed as China’s Hawaii, will become a “free trade port,” China National Radio reported. The upgraded status is an economic distinction that’s aimed to help boost ...

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• 15 April

  VW truck chief gears up for ‘next level’ after IPO move

  

  Bloomberg Volkswagen AG’s trucks chief wants to take his division to “the next level,” with the German manufacturer considering a stock listing that would catapult the $37-billion unit into the blue chip ranks of Europe’s largest economy. “An initial public offering is just one of the options, another is that we could issue our own bonds,” Andreas Renschler, who oversees ...

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• 15 April

  GE books $4.2 billion charge, restates earnings

  

  NEW YORK / Reuters General Electric Co said it took a $4.24 billion equity charge and reduced earnings for the last two years by 30 cents a share, figures in line with expectations the company set earlier this year when it said it would comply with new accounting standards. The maker of power plants, jet engines, medical devices and other ...

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