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UBS posts fourth-quarter pre-tax profit miss, sees bumpy road ahead

5 hours ago DieselGasoil Comments Off on UBS posts fourth-quarter pre-tax profit miss, sees bumpy road ahead
FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann/File Photo ZURICH (Reuters) – UBS (UBSG.S) on Tuesday posted a $690 million fourth-quarter pre-tax profit, hit by a slowdown in its flagship wealth management business and weaker earnings in its investment bank. On an adjusted basis, fourth-quarter Read More

Sorrell's S4 Capital seeks more deals in digital-only drive

2 days ago DieselGasoil Comments Off on Sorrell's S4 Capital seeks more deals in digital-only drive
MUNICH (Reuters) – Martin Sorrell is on the lookout for acquisitions to expand his new advertising venture S4 Capital, aiming to capitalize on the disruption sweeping the industry by pursuing a pure-play digital strategy. FILE PHOTO: Sir Martin Sorrell attends a conference at the Cannes Lions International Festival of Creativity, in Cannes, France, June 22, Read More

Automakers in China brace for another bumpy ride after tough 2018

1 week ago DieselGasoil Comments Off on Automakers in China brace for another bumpy ride after tough 2018
BEIJING (Reuters) – Car makers in China are bracing for zero to tepid growth in sales this year, after a tough 2018 when the world’s top auto market probably contracted for the first time in about two decades, as slowing economic growth drags on demand. FILE PHOTO: Newly manufactured cars are seen at the automobile Read More

Bumpy ride ahead for automakers in China after tough 2018, stimulus eyed

1 week ago DieselGasoil Comments Off on Bumpy ride ahead for automakers in China after tough 2018, stimulus eyed
BEIJING (Reuters) – Car makers in China are bracing for zero to tepid growth in sales this year, after a tough 2018 when the world’s top auto market probably contracted for the first time in two decades, as slowing economic growth drags on demand. Geely cars for export enter a cargo vessel at Ningbo Zhoushan Read More

Third time may be a charm as Jeff Vinik relaunches hedge fund

2 weeks ago DieselGasoil Comments Off on Third time may be a charm as Jeff Vinik relaunches hedge fund
NEW YORK (Reuters) – Prominent investor Jeffrey Vinik is ready to manage money for outside clients again and plans to relaunch his hedge fund firm Vinik Asset Management after sitting out the last six years. Vinik, who once ran Fidelity’s Magellan mutual fund and then oversaw $10 billion at his own hedge fund, is starting Read More

Fed Chair Powell's unscripted approach sets up for rocky 2019

3 weeks ago DieselGasoil Comments Off on Fed Chair Powell's unscripted approach sets up for rocky 2019
WASHINGTON/SAN FRANCISCO (Reuters) – Jerome Powell had a bumpy first year as Federal Reserve chairman when it came to talking policy, by turns spooking and comforting investors even as economic data offered increasingly mixed signals and President Donald Trump stepped up his attacks on the U.S. central bank. Federal Reserve Board Chairman Jerome Powell speaks Read More

Elon Musk unveils prototype high-speed LA transport tunnel

1 month ago DieselGasoil Comments Off on Elon Musk unveils prototype high-speed LA transport tunnel
<img title="Elon Musk unveils prototype high speed LA transport tunnel” alt=”p06w3d2l Elon Musk unveils prototype high speed LA transport tunnel” class=”media-placeholder player-with-placeholder__image lead-video-placeholder” src=”https://ichef.bbci.co.uk/images/ic/720×405/p06w3d2l.jpg”/> Media playback is unsupported on your device Entrepreneur Elon Musk has unveiled a prototype underground tunnel in Los Angeles which is designed to transport cars at high speed around the city. Read More

Elon Musk unveils subterranean tube for avoiding traffic

1 month ago DieselGasoil Comments Off on Elon Musk unveils subterranean tube for avoiding traffic
Elon Musk has unveiled his new project – an underground tunnel for cars designed to circumnavigate Los Angeles’ infamous rush-hour traffic. Guests were given the first chance to experience the subterranean tube, riding on a Tesla Model S for around a mile. At what Mr Musk’s Boring Company has called O’Leary Station, a wall-less lift Read More

Trade hopes support China, sterling totters on Brexit woes

1 month ago DieselGasoil Comments Off on Trade hopes support China, sterling totters on Brexit woes
SYDNEY (Reuters) – Chinese shares pulled ahead on Tuesday after Beijing confirmed it was still in trade talks with the United States, though overall sentiment remained fragile in Asia as the pound wallowed near 20-month lows on deepening political turmoil over a Brexit deal. FILE PHOTO: Pound Sterling notes and change are seen inside a Read More

US preparing to sink Obama-signed nuke control treaty with complaints about Russian missile – Lavrov

2 months ago DieselGasoil Comments Off on US preparing to sink Obama-signed nuke control treaty with complaints about Russian missile – Lavrov
The US may be preparing to torpedo the New START deal with Russia, which limits the number of nuclear weapons each country can have, in its latest escalation over a Russian missile “violating” the INF arms treaty, Moscow says. The suspicion was voiced by Russian Foreign Minister Sergey Lavrov in response to remarks by US Read More