Business

BERLIN (Reuters) – Volkswagen said group operating profit more than doubled in the second quarter, helped by cost cuts and higher-margin new models at its core namesake brand. Earnings before interest and tax jumped to 4.55 billion euros ($5.34 billion) from 1.90 billion a year earlier, VW said on Thursday, beating a 4.49-billion-euro consensus forecast
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(Reuters) – Taiwanese electronics manufacturer Foxconn on Wednesday announced plans to build a $10 billion LCD display panel screen plant in Wisconsin, a deal President Donald Trump asserted would not have happened without his efforts. The company said it plans to invest $10 billion over four years to build a 20-million square foot plant that
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TOKYO (Reuters) – Asian stocks steadied on Wednesday and the dollar held firm as investors awaited the Federal Reserve’s policy decision later in the day for more clues on its tightening plans. The wait-and-see mood was expected to prevail in the European session, with spreadbetters forecasting Britain’s FTSE and France’s CAC to open effectively flat
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(Reuters) – The S&P 500 climbed to an all-time high on Tuesday on a heavy day of corporate results highlighted by well-received reports from McDonald’s and Caterpillar and gains for bank shares. The Nasdaq also managed to set a record high despite declines in Google parent Alphabet (GOOGL.O) after its results. Alphabet shares ended down
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FRANKFURT (Reuters) – German carmaker BMW on Sunday rejected media reports that the emissions treatment systems in its vehicles did not work effectively and that it colluded with rivals on their design and prices. Der Spiegel magazine reported on Friday that BMW, VW (VOWG_p.DE), Audi and Porsche may have colluded to fix the prices and
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BUENOS AIRES (Reuters) – The World Bank’s arbitration tribunal has ordered Argentina to pay $320 million plus interest and legal fees to Spanish travel group Marsans for expropriating its airline Aerolineas Argentinas SA AERA.UL in 2008, a local newspaper reported on Saturday. The International Centre for Settlement of Investment Disputes (ICSID) ruled against Argentina for
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