newszine

Adjudicator says any security defense of U.S. auto tariffs at WTO ‘very difficult’

2 months ago DieselGasoil Comments Off on Adjudicator says any security defense of U.S. auto tariffs at WTO ‘very difficult’
GENEVA (Reuters) – The United States will find it “very difficult” to defend President’s Donald Trump’s proposed car tariff against any challenge at the World Trade Organization, a veteran trade adjudicator who has ruled on a related case told Reuters. FILE PHOTO: Workers assemble vehicles on the assembly line of the SEAT car factory in Read More

Boutique bank run by Macron donor could help tackle hurdles to Fiat/Renault deal

2 months ago DieselGasoil Comments Off on Boutique bank run by Macron donor could help tackle hurdles to Fiat/Renault deal
FILE PHOTO: A Fiat car on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst/File Photo PARIS (Reuters) – The ties between French banker Benoit d’Angelin and President Emmanuel Macron could prove useful as d’Angelin’s boutique firm joins Goldman Sachs and Nomura to help arrange Fiat’s proposed Read More

Fiat’s experience with Chrysler shows Renault deal can work: FCA chairman

2 months ago DieselGasoil Comments Off on Fiat’s experience with Chrysler shows Renault deal can work: FCA chairman
Fiat Chrysler Automobiles (FCA) Chairman John Elkann speaks to the media as he arrives for an event at the Bocconi University in Milan, Italy May 27, 2019. REUTERS/Alessandro Garofalo MILAN (Reuters) – Fiat’s experience with Chrysler shows the scope of what Fiat Chrysler (FCA) could achieve in the next few years if a proposed merger Read More

South Korea switches to Russian crude to replace banned Iranian supplies

2 months ago DieselGasoil Comments Off on South Korea switches to Russian crude to replace banned Iranian supplies
South Korea’s largest energy and chemical company, SK innovation, has boosted oil shipments from Russia and other exporters to offset Iranian condensate supplies it lost after the end of US sanction waivers. “The share of Iranian condensate was high, but that has been replaced with crude oil from Russia, Kazakhstan and Qatar and we also Read More

Indian economy to fall slightly short of forecasts as Modi prepares to take oath

2 months ago DieselGasoil Comments Off on Indian economy to fall slightly short of forecasts as Modi prepares to take oath
India’s GDP growth is expected to be at 6.9 percent, slightly lower than the previously-projected level of 7 percent, according to India Ratings and Research (Ind-Ra) which urges the new government to take on reviving the economy. In the forecast, which is focused on the fiscal 2018-19 that ends on July 31, the agency stressed Read More

China’s Huawei plans to promote smart cities in Africa

2 months ago DieselGasoil Comments Off on China’s Huawei plans to promote smart cities in Africa
The world’s second largest continent, Africa, is experiencing one of the fastest urbanization rates globally and Huawei wants to be a part of it, according to Adam Lane, senior director of public affairs at Huawei Technologies. He told Xinhua News that Huawei is keen to boost environmental sustainability on the continent. African cities can adopt Read More

Fiat Chrysler and Renault pursue $35 billion merger to combat car industry upheaval

2 months ago DieselGasoil Comments Off on Fiat Chrysler and Renault pursue $35 billion merger to combat car industry upheaval
MILAN/PARIS (Reuters) – Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to tackle the costs of far-reaching technological and regulatory changes by creating the world’s third-biggest automaker. If it goes ahead, the $35 billion-plus tie-up would alter the landscape for rivals including General Motors and Peugeot maker PSA Group, which Read More

Exclusive: IKEA to revamp app as store strategy shifts

2 months ago DieselGasoil Comments Off on Exclusive: IKEA to revamp app as store strategy shifts
BERLIN (Reuters) – IKEA is launching a new app to allow customers to shop remotely for products they can visualize in the context of their own homes, lessening the need for them to travel to its vast network of self-service, out-of-town stores. FILE PHOTO: General view of the Swedish furniture giant IKEA store before its Read More

Factbox: Auto industry consolidation – mega-mergers and alliances

2 months ago DieselGasoil Comments Off on Factbox: Auto industry consolidation – mega-mergers and alliances
FRANKFURT (Reuters) – Italian-American carmaker Fiat Chrysler on Monday proposed a merger of equals with France’s Renault in a deal that could create the world’s third-biggest carmaker and trigger a fresh round of industry consolidation. FILE PHOTO: The logo of French car manufacturer Renault is seen at a dealership of the company in Illkirch-Graffenstaden near Read More

Oil rises to $69 as Mideast tension and supply cuts offset trade concerns

2 months ago DieselGasoil Comments Off on Oil rises to $69 as Mideast tension and supply cuts offset trade concerns
LONDON (Reuters) – Oil rose to about $69 a barrel on Monday, supported by Middle East tensions and OPEC-led supply cuts, though concern over the U.S.-China trade dispute and global economy capped gains. FILE PHOTO: An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. Read More