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Volkswagen's Skoda Auto: cannot repeat 2018 pay hikes in new round of bargaining

27 mins ago DieselGasoil Comments Off on Volkswagen's Skoda Auto: cannot repeat 2018 pay hikes in new round of bargaining
FILE PHOTO: A Skoda logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy MLADA BOLESLAV, The Czech Republic (Reuters) – Volkswagen’s Czech unit Skoda Auto does not expect to repeat the strong wage growth agreed in 2018 again in the latest round of collective bargaining, a Read More

Russian airlines halt purchases of Boeing 737 MAX jets indefinitely

27 mins ago DieselGasoil Comments Off on Russian airlines halt purchases of Boeing 737 MAX jets indefinitely
Contracts for the purchase of troubled Boeing 737 MAX aircraft have been suspended indefinitely by a number of Russian airlines, according to Vladimir Afonsky, a member of the State Duma Committee on Transport and Construction. He told TASS, with a reference to Deputy Transport Minister Aleksandr Yurchik, that these were contracts for the supply of Read More

BMW warns of significant profit fall in 2019, seeks 12 billion euro in cuts

57 mins ago DieselGasoil Comments Off on BMW warns of significant profit fall in 2019, seeks 12 billion euro in cuts
MUNICH (Reuters) – BMW on Wednesday said it expected group pretax profit to fall by more than 10 percent in 2019 and announced a sweeping 12 billion euro ($13.6 bln) cost savings and efficiency plan to help offset higher technology investment and currency costs. FILE PHOTO: The BMW logo is seen on the wheel of Read More

World shares face end to winning streak as Fed looms

57 mins ago DieselGasoil Comments Off on World shares face end to winning streak as Fed looms
LONDON (Reuters) – World shares faced an end to their longest winning streak of the year as investors took profits on Wednesday before the U.S. Federal Reserve’s policy decision, seen as offering clues to interest rate prospects over the coming year. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of Read More

BMW warns of significant profit fall in 2019, seeks 12 billion euros in cuts

1 hour ago DieselGasoil Comments Off on BMW warns of significant profit fall in 2019, seeks 12 billion euros in cuts
MUNICH (Reuters) – BMW on Wednesday said it expected group pretax profit to fall by more than 10 percent in 2019 and announced a sweeping 12 billion euro ($13.6 bln) cost savings and efficiency plan to help offset higher technology investment and currency costs. FILE PHOTO: The BMW logo is seen on the wheel of Read More

Trial of former Nissan boss Ghosn's expected to start in September: NHK

1 hour ago DieselGasoil Comments Off on Trial of former Nissan boss Ghosn's expected to start in September: NHK
FILE PHOTO: Former Nissan Motor Chairman Carlos Ghosn leaves from his residence in Tokyo, Japan, March 8, 2019, in this photo taken by Kyodo. Mandatory credit Kyodo/via REUTERS TOKYO (Reuters) – The trial of former Nissan Motor Co boss Carlos Ghosn on charges of under-reporting his salary is expected to start in Tokyo in September, Read More

Qatar to launch Islamic banking giant focused on energy

3 hours ago DieselGasoil Comments Off on Qatar to launch Islamic banking giant focused on energy
The world’s biggest Islamic bank, which is set to specialize in the energy sector, will appear in Qatar in the fourth quarter of the current year, according to executives launching the project. With targeted capital of around $10 billion, the new lender will be focused on financing both domestic and global energy-related projects, Mohammed al-Marri, Read More

Exclusive: How Iran fuel oil exports beat U.S. sanctions in tanker odyssey to Asia

4 hours ago DieselGasoil Comments Off on Exclusive: How Iran fuel oil exports beat U.S. sanctions in tanker odyssey to Asia
SINGAPORE/BAGHDAD/TRIPOLI (Reuters) – At least two tankers have ferried Iranian fuel oil to Asia in recent months despite U.S. sanctions against such shipments, according to a Reuters analysis of ship-tracking data and port information, as well as interviews with brokers and traders. FILE PHOTO: A gas flare on an oil production platform in the Soroush Read More

Fed's balance sheet plan, economic outlook under microscope

5 hours ago DieselGasoil Comments Off on Fed's balance sheet plan, economic outlook under microscope
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday is expected to hold interest rates steady, shave the number of hikes projected for the rest of the year, and release long-awaited details of a plan to end the monthly reduction of its massive balance sheet. Federal Reserve Board building on Constitution Avenue is pictured in Read More