Ford told UK PM May it is preparing alternative production sites: The Times

FILE PHOTO: The logo of Ford is seen during the 88th International Motor Show at Palexpo in Geneva, Switzerland, March 6, 2018. REUTERS/Pierre Albouy (Reuters) – Ford Motor Co told British Prime Minister Theresa May that it is stepping up preparations to move production out of Britain, The Times reported on Tuesday. The automaker told […]

Qatar revamps investment strategy after Kushner building bailout

LONDON/NEW YORK/DUBAI (Reuters) – When news emerged that Qatar may have unwittingly helped bail out a New York skyscraper owned by the family of Jared Kushner, Donald Trump’s son-in-law, eyebrows were raised in Doha. FILE PHOTO: U.S. President Donald Trump, flanked by White House senior advisor Jared Kushner, meets with Saudi Arabia’s Deputy Crown Prince […]

Exclusive: Venezuela moves to replace U.S. executives on Citgo board – sources

(Reuters) – Venezuelan state-run oil company PDVSA is taking steps to remove at least two American executives from the board of directors of its U.S. refining subsidiary, Citgo Petroleum Corp, according to people close to the matter. The corporate logos of the state oil company PDVSA and Citgo Petroleum Corp are seen in Caracas, Venezuela […]

Asia stocks ease on anxiety over trade, growth risks

TOKYO (Reuters) – Asian stocks lost ground on Friday as investors worried about a broadening global economic slowdown, with sentiment not helped by the absence of any positive signs for a resolution in the U.S.-China trade row. FILE PHOTO – An investor sits in front of displays showing stock information at a brokerage office in […]

High-margin pickup trucks drive General Motors profit, shares rise

DETROIT (Reuters) – General Motors Co on Wednesday swung to a quarterly profit thanks to high-margin pickup trucks and crossovers in the U.S. market plus cost cutting and maintained its full-year 2019 earnings forecast, lifting its shares 1.7 percent. General Motors Co. displays the new Chevrolet 2020 Silverado HD pickup truck at the GM Flint […]