Automakers rise on report of China moving to cut U.S. car tariffs
(Reuters) - Automakers' shares rose on Tuesday following a report that China could move to cut tariffs on American-made cars, a step which was forecast by U.S. President Donald Trump after a meeting with China's president in Argentina.
Huawei CFO back in Canada court as bail hearing set to wrap
VANCOUVER (Reuters) - A top executive at Chinese telecoms giant Huawei Technologies [HWT.UL] is set to return to a Vancouver courtroom on Tuesday, as the judge weighs final issues in determining whether she should be freed on bail while awaiting extradition proceedings.
Exclusive: Hyundai Motor's two R&D vice chairmen offer to resign - sources
SEOUL (Reuters) - Hyundai Motor Group's two vice chairmen in charge of research and development (R&D) have offered to resign, three people familiar with the matter told Reuters on Tuesday.
Court rejects Nissan ex-chairman Ghosn's appeal to end detention
TOKYO (Reuters) - A Tokyo court on Tuesday rejected ousted Nissan Motor chairman Carlos Ghosn's appeal to end his detention following his arrest last month on allegations of financial misconduct.
China court bans sales of older iPhone models in Apple-Qualcomm global battle
SAN FRANCISCO/SHANGHAI (Reuters) - A Chinese court has ordered a sales ban of some older Apple Inc iPhone models in China for violating two patents of chipmaker Qualcomm Inc, though intellectual property lawyers said enforcement of the ban was likely still a distant threat.
Futures rise 1 percent on China-U.S. trade talk progress
(Reuters) - U.S. stock futures rose about 1 percent on Tuesday, as signs of progress in trade talks between the United States and China eased jitters over the fragile relations between the two economic giants that have roiled the markets for months.
Daimler to buy $23 billion of battery cells for electric car drive
FRANKFURT (Reuters) - Daimler
will buy battery cells worth more than 20 billion euros ($23 billion) by 2030 as it readies mass production of hybrid and electric vehicles, the maker of Mercedes-Benz cars said on Tuesday.
Uber's dominant size may rob smaller Lyft of its IPO oxygen
(Reuters) - Uber Technologies Inc [UBER.UL] and smaller rival Lyft are driving side-by-side on the road to a stock market debut, and that may not bode well for Lyft as investors decide where to place their bets in the ride-hailing sector.
Morrisons shares rise on takeover chatter
LONDON (Reuters) - WM Morrisons
shares jumped on Tuesday as traders cited market rumors that the UK supermarket chain could be subject to a takeover approach by U.S. online retail giant Amazon.com Inc .
U.S. fund Castlelake to buy planes from AirAsia in $800 million deal: sources
SINGAPORE (Reuters) - U.S. private investment firm Castlelake LP has struck a deal to buy a portfolio of about 30 narrowbody planes from AirAsia Group Bhd
for a total price of roughly $800 million, people familiar with the transaction said.