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Wall Street rallies on hopes of global economic stimulus

8 hours ago DieselGasoil Comments Off on Wall Street rallies on hopes of global economic stimulus
NEW YORK (Reuters) – U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell. The benchmark S&P 500 has recovered most of its losses following Wednesday’s brief inversion of the yield curve Read More

U.S. tech industry leaders: French digital service tax harms global tax reform

8 hours ago DieselGasoil Comments Off on U.S. tech industry leaders: French digital service tax harms global tax reform
WASHINGTON (Reuters) – Major tech firms and U.S. tech industry groups said on Monday that France’s new digital services tax undermines the global tax regime and multilateral efforts to reform it. FILE PHOTO: The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. REUTERS/Hannah McKay Alphabet Inc’s Read More

Wall Street rallies as investors cheer global stimulus efforts

9 hours ago DieselGasoil Comments Off on Wall Street rallies as investors cheer global stimulus efforts
NEW YORK (Reuters) – U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

TÜV SÜD pulls out of dam safety checks after Brazil disaster

13 hours ago DieselGasoil Comments Off on TÜV SÜD pulls out of dam safety checks after Brazil disaster
MUNICH (Reuters) – Germany’s TÜV SÜD has pulled out of conducting safety assessments of dams after the collapse of a Brazilian dam it had vetted killed almost 250 people in January, the industrial inspection firm’s chief executive told Reuters. FILE PHOTO: A view of a collapsed tailings dam owned by Brazilian mining company Vale SA, Read More

Stimulus hopes support stocks, ease pressure on bonds

20 hours ago DieselGasoil Comments Off on Stimulus hopes support stocks, ease pressure on bonds
LONDON (Reuters) – Global equity markets rose on Monday on signs that major economies would look to prop up stalling growth with fresh stimulus measures, easing pressure on bonds and dampening demand for perceived safe-havens such as gold. FILE PHOTO: A woman points to an electronic board showing stock prices as she poses in front Read More

Zalando to deliver orders for Adidas French website

20 hours ago DieselGasoil Comments Off on Zalando to deliver orders for Adidas French website
BERLIN (Reuters) – Online fashion retailer Zalando (ZALG.DE) has launched a pilot to deliver orders placed by customers in Paris on the website of Adidas (ADSGn.DE) as it extends moves to allow brands to use the logistics network it has built for its own ecommerce business. An employee places parcels of online mail order company Read More

Ferrari will expand its lineup of road cars, but not too much

2 days ago DieselGasoil Comments Off on Ferrari will expand its lineup of road cars, but not too much
FILE PHOTO: FCA Chairman John Elkann is seen before an event at the Bocconi University in Milan, Italy May 27, 2019. REUTERS/Alessandro Garofalo PEBBLE BEACH, Calif. (Reuters) – Italian premium sports car maker Ferrari NV (RACE.MI) will expand sales of easier-driving grand touring cars, but will not try to chase rival Porsche’s annual sales volume, Read More

Rental firm walks away from Tesla order after quality dispute

3 days ago DieselGasoil Comments Off on Rental firm walks away from Tesla order after quality dispute
FRANKFURT (Reuters) – Car rental company Nextmove has walked away from a 5 million euros ($5.55 million) order for 85 Tesla (TSLA.O) Model 3 electric vehicles following a dispute over how to fix quality issues, the German company said on Friday. FILE PHOTO: Philip Floyd, senior engineering technician for the Insurance Institute for Highway Safety, Read More