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Foxconn cuts 50,000 contract jobs in China: Nikkei

21 mins ago DieselGasoil Comments Off on Foxconn cuts 50,000 contract jobs in China: Nikkei
FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company’s building in Taipei, Taiwan March 30, 2018. REUTERS/Tyrone Siu (Reuters) – Apple Inc’s (AAPL.O) biggest iPhone assembler Foxconn Technology Group (2317.TW) has let go around 50,000 contract workers in China since October, months earlier Read More

Trump-Deutsche Bank links in sights of U.S. House investigators

21 mins ago DieselGasoil Comments Off on Trump-Deutsche Bank links in sights of U.S. House investigators
WASHINGTON (Reuters) – Democrats now in control of the U.S. House of Representatives are working out which House panels will take the lead in investigating President Donald Trump’s business ties to Deutsche Bank, lawmakers and aides familiar with the plans told Reuters. FILE PHOTO: A Deutsche Bank sign is seen on the floor of the Read More

Swiss court overturns arrest of Russia’s Gazprom assets which Ukraine claims were seized

21 mins ago DieselGasoil Comments Off on Swiss court overturns arrest of Russia’s Gazprom assets which Ukraine claims were seized
Switzerland’s high court has overruled an injunction blocking payments from the operators of the Nord Stream gas pipeline at the request of Ukrainian state gas firm Naftogaz, according to Russian energy giant Gazprom. The Stockholm arbitration court had previously ruled that all payments from Gazprom’s subsidiaries would be transferred to Swiss bailiffs. “On January 16, Read More

CVS, Walmart reach new agreement for pharmacy network

21 mins ago DieselGasoil Comments Off on CVS, Walmart reach new agreement for pharmacy network
FILE PHOTO: A logo of CVS Health is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., December 5, 2017. REUTERS/Lucas Jackson (Reuters) – CVS Health Corp (CVS.N) and Walmart Inc (WMT.N) reached a multi-year agreement, under which Walmart will continue participating Read More

Three named to En+ voting trust as Deripaska looks to reduce stakes

1 hour ago DieselGasoil Comments Off on Three named to En+ voting trust as Deripaska looks to reduce stakes
Russian aluminium tycoon Oleg Deripaska waits before the talks of Russian President Vladimir Putin with South Korean President Moon Jae-in at the Kremlin in Moscow, Russia June 22, 2018. REUTERS/Sergei Karpukhin MOSCOW (Reuters) – Russian conglomerate En+ Group (ENPLq.L) on Friday named three Americans who will form a voting trust to help Oleg Deripaska reduce Read More

Tesla to cut workforce by 7 percent while it ramps up Model 3 production

1 hour ago DieselGasoil Comments Off on Tesla to cut workforce by 7 percent while it ramps up Model 3 production
FILE PHOTO: The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. REUTERS/Tyrone Siu/File Photo (Reuters) – Tesla Inc (TSLA.O) said on Friday it was cutting several thousands of jobs, as the electric car maker looks to trim costs and be consistently profitable while it ramps up the production of its crucial Model Read More

JPMorgan raises boss Dimon’s pay to a sweet $31 million, topping pre-crisis record

1 hour ago DieselGasoil Comments Off on JPMorgan raises boss Dimon’s pay to a sweet $31 million, topping pre-crisis record
Wall Street banking giant JPMorgan has awarded its chief executive Jamie Dimon $31 million in total compensation for his work in 2018. The pay exceeds his record compensation of $30 million in 2007 before the financial crisis. It’s a 5.1 percent increase from 2017 as the bank raked in a record profit last year. Dimon’s Read More

Gripped by Ghosn crisis, Renault expects slight sales growth

2 hours ago DieselGasoil Comments Off on Gripped by Ghosn crisis, Renault expects slight sales growth
PARIS (Reuters) – Renault (RENA.PA) expects to deliver sales growth in 2019, despite the imminent ouster of Chairman and Chief Executive Carlos Ghosn and tension with alliance partner Nissan (7201.T). The logo of French car manufacturer Renault is seen at a dealership of the company in Illkirch-Graffenstaden near Strasbourg, France, January 10, 2019. REUTERS/Vincent Kessler Read More

Stocks buoyed by trade hopes, set for best weekly winning streak in half a year

2 hours ago DieselGasoil Comments Off on Stocks buoyed by trade hopes, set for best weekly winning streak in half a year
LONDON (Reuters) – Global stocks rose to their highest in more than a month on Friday after a report suggested progress towards resolving the trade dispute between the United States and China. FILE PHOTO: A man is reflected on an electronic board showing a graph analyzing recent change of Nikkei stock index outside a brokerage Read More

Renault targets 2019 sales growth after a 3.2 percent gain in 2018

3 hours ago DieselGasoil Comments Off on Renault targets 2019 sales growth after a 3.2 percent gain in 2018
The logo of French car manufacturer Renault is seen at a dealership of the company in Illkirch-Graffenstaden near Strasbourg, France, January 10, 2019. REUTERS/Vincent Kessler PARIS (Reuters) – French carmaker Renault (RENA.PA) posted a 3.2 percent increase in 2018 vehicle sales, boosted by a new Chinese joint venture, and pledged further “slight growth” this year Read More