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8 months ago

Volkswagen expects to be the most profitable maker of electric cars

Volkswagen Chief Executive Herbert Diess on Friday said he expected the multi-brand carmaking group to be the most profitable manufacturer of electric cars thanks to economies of scale.

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8 months ago

Oil gains on talk of supply cut, but heads for week of losses

Oil rose on Friday on expectations that OPEC and its allies would agree to cut output next month but prices remained down on the week on concerns that the global market was oversupplied.

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8 months ago

Delta defers 10 Airbus A350 jets, orders 10 A330neo: sources

U.S. carrier Delta Air Lines has deferred delivery of 10 Airbus A350 jets as it orders 10 of the cheaper A330neo long-haul models, people familiar with the matter said.

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8 months ago

U.S. manufacturing production rises steadily in October

U.S. manufacturing output increased for a fifth straight month in October, shrugging off a sharp decline in motor vehicle production and suggesting underlying strength in factory activity despite signs of a slowdown in the sector.

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8 months ago

Wall Street opens lower as Nvidia hammers tech stocks

U.S. stocks opened lower on Friday, as technology companies suffered sharp losses following disappointing forecasts from chip companies Nvidia and Applied Materials.

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8 months ago

PG&E shares jump as regulator eases bankruptcy fears

Shares of embattled utility PG&E Corp jumped 40 percent on Friday as fears it could be bankrupted by the fallout of California's deadly wildfires were eased by signs of support from one regulator for the company.

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8 months ago

Europe battles Brexit blues, Wall Street faces tech stress

European stocks slipped again, and sterling and the euro remained volatile on Friday, as one of the most dramatic twists yet in the Brexit process compounded another turbulent week for world markets.

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8 months ago

Dollar index hits one-week low on Fed officials' cautious comments

The dollar fell to one-week lows against a basket of currencies on Friday as two Federal Reserve officials cautioned in separate television interviews about slowing global economic growth, raising doubts about the number of future rate increases.

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8 months ago

Take Five: Black Friday shoppers to Brexit wreckage, world markets themes for the week ahead

Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

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8 months ago

'Mission Impossible' powers Viacom profit and revenue beat

Viacom Inc , the owner of MTV, Comedy Central and Nickelodeon, beat Wall Street estimates for profit and revenue on Friday, lifted by the strong performance of "Mission: Impossible - Fallout."

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