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

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, Ferrari Chairman John Elkann told... Read More

Argentina Treasury minister resigns, says ‘significant renewal’ needed amid economic crisis

Argentina Treasury minister resigns, says ‘significant renewal’ needed amid economic crisis
FILE PHOTO: Argentina’s Treasury Minister Nicolas Dujovne gestures during a news conference in Buenos Aires, Argentina April 22, 2019. REUTERS/Agustin Marcarian BUENOS AIRES (Reuters) – Argentina’s Treasury Minister Nicolas Dujovne has resigned, saying in a letter seen by Reuters on Saturday he believed the government needed “significant renewal” in its economic team amid a crisis which saw the peso plunge... Read More

Sainsbury’s says not talking to internal candidates for CEO succession

Sainsbury’s says not talking to internal candidates for CEO succession
FILE PHOTO: Shoppers walk past the first ’till-free’ Sainsbury’s store in London, Britain, May 1, 2019. REUTERS/Toby Melville (Reuters) – Sainsbury’s (SBRY.L) is not talking to internal candidates about succession plans to Chief Executive Officer Mike Coupe and he has the full support of company’s shareholders and the board, a company spokesperson told Reuters late on Saturday. The company’s response... Read More

SoftBank plans to lend up to $20 billion to employees to invest in new fund: WSJ

SoftBank plans to lend up to $20 billion to employees to invest in new fund: WSJ
Japan’s SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon (Reuters) – Japan’s SoftBank Group Corp (9984.T) is planning to lend up to $20 billion to its employees, including Chief Executive Masayoshi Son, to buy stakes in its second Vision Fund, the Wall Street Journal reported on.wsj.com/307Ljih on Saturday, citing... Read More

Standard Chartered faces fine for sanctions breaches: Sky News

Standard Chartered faces fine for sanctions breaches: Sky News
A logo of Standard Chartered is displayed at the financial Central district in Hong Kong, China November 23, 2017. REUTERS/Bobby Yip (Reuters) – Banking group Standard Chartered (STAN.L) is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday. Britain’s Office of Financial Sanctions Implementation, which includes police and intelligence officers as well as finance ministry... Read More

Standard Chartered faces fine in coming weeks for sanctions breaches: Sky News

Standard Chartered faces fine in coming weeks for sanctions breaches: Sky News
A logo of Standard Chartered is displayed at the financial Central district in Hong Kong, China November 23, 2017. REUTERS/Bobby Yip (Reuters) – Standard Chartered PLC (STAN.L) is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday. Britain’s Office of Financial Sanctions Implementation, which includes police and intelligence officers as well as finance ministry officials,... Read More

Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers – sources

Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers – sources
SINGAPORE/WASHINGTON (Reuters) – The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said. FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China... Read More

Exclusive: U.S. to extend Huawei’s partial reprieve on supply curbs – sources

Exclusive: U.S. to extend Huawei’s partial reprieve on supply curbs – sources
SINGAPORE/WASHINGTON (Reuters) – The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, sources familiar with the situation said. FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China July... Read More