Hyundai unveils first Genesis SUV in renewed overseas premium push

Hyundai unveils first Genesis SUV in renewed overseas premium push
SEOUL (Reuters) – South Korea’s Hyundai Motor Co unveiled the first sport-utility vehicle (SUV) under its Genesis brand on Wednesday, a move analysts said was crucial for the premium marque’s expansion in overseas markets. FILE PHOTO: The Hyundai logo is seen during the first press day of the Paris auto show, in Paris, France, October 2, 2018. REUTERS/Regis Duvignau The... Read More

Malaysia Airlines suspends taking delivery of Boeing 737 MAX jets due to grounding

Malaysia Airlines suspends taking delivery of Boeing 737 MAX jets due to grounding
FILE PHOTO: A Boeing 737 Max aircraft sits on the tarmac at Boeing’s 737 Max production facility in Renton, Washington, U.S. December 16, 2019. REUTERS/Lindsey Wasson KUALA LUMPUR (Reuters) – Malaysia Airlines said on Wednesday it has suspended taking delivery of 25 Boeing (BA.N) 737 MAX jets, citing the plane’s delayed return to service since it was grounded last year... Read More

Oil prices slip on concerns U.S.-China trade deal may not boost demand

Oil prices slip on concerns U.S.-China trade deal may not boost demand
FILE PHOTO: An oil pump is seen just after sunset outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann SINGAPORE (Reuters) – Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world’s biggest crude users, may not lead to more fuel demand as the U.S. intends to... Read More

Stocks tread water ahead of signing of initial U.S.-China trade deal

Stocks tread water ahead of signing of initial U.S.-China trade deal
TOKYO (Reuters) – Stocks were steady in early Asian trade on Wednesday as investors awaited the signing of an initial U.S.-China trade deal, with sentiment somewhat dented by comments from the U.S. Treasury Secretary’s that tariffs would remain in place for now. FILE PHOTO: A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, July 1,... Read More

Trump administration moves toward blocking more sales to Huawei: sources

Trump administration moves toward blocking more sales to Huawei: sources
WASHINGTON (Reuters) – The U.S. government is nearing publication of a rule that would vastly expand its powers to block shipments of foreign-made goods to China’s Huawei, as it seeks to squeeze the blacklisted telecoms company, two sources said. FILE PHOTO: The logo of Huawei Technologies is pictured in front of the German headquarters of the Chinese telecommunications giant in... Read More

China to ramp up U.S. buys under trade deal, but skeptics question targets

China to ramp up U.S. buys under trade deal, but skeptics question targets
WASHINGTON (Reuters) – China has pledged to buy almost $80 billion of additional manufactured goods from the United States over the next two years as part of a trade war truce, according to a source, though some U.S. trade experts call it an unrealistic target. Under the trade deal to be signed on Wednesday in Washington, China would also buy... Read More

Exclusive: “I’m happy he did it”: in Beirut, wife of fugitive Ghosn slams Japanese justice

Exclusive: “I’m happy he did it”: in Beirut, wife of fugitive Ghosn slams Japanese justice
BEIRUT (Reuters) – Carlos and Carole Ghosn, the former first couple of carmaker Nissan, are united again in Beirut. They hold hands in the street and whisper together in a mix of Arabic and French. They kiss. Former Nissan chairman Carlos Ghosn and his wife Carole Ghosn pose for a picture after an exclusive interview with Reuters in Beirut, Lebanon... Read More

Wall Street pulls back on tariff report

Wall Street pulls back on tariff report
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 13, 2020. REUTERS/Brendan McDermid NEW YORK (Reuters) – U.S. stocks were mixed on Tuesday, reversing earlier intra-day record highs, following a report the United States would likely maintain tariffs on Chinese goods until after November’s presidential election. The Dow Jones Industrial... Read More