newszine

Parts with passports: how free trade drives GM’s engines

36 mins ago NAMEX Comments Off on Parts with passports: how free trade drives GM’s engines
ROMULUS, Mich. (Reuters) – Long before the pistons for General Motors Co V-6 engines reach the U.S. No. 1 automaker’s Romulus, Michigan plant, they are seasoned international travelers. A partially assembled V6 engine, used in a variety of General Motors cars, trucks and crossovers, moves down the assembly line at the GM Romulus Powertrain plant Read More

India considers relaxing regulations to attract global coal miners

46 mins ago NAMEX Comments Off on India considers relaxing regulations to attract global coal miners
The Indian government is planning to float global tenders for the first time for coal mining blocks before the end of the year, sources told Reuters. According to them, the auctions are intended to attract global miners such as Glencore, BHP, Anglo American and Peabody Energy. New Delhi is seeking to reduce the upfront payments Read More

Joker becomes first R-rated film to make $1bn at global box office

3 hours ago NAMEX Comments Off on Joker becomes first R-rated film to make $1bn at global box office
Comic book film Joker passed the $1bn (£772m) mark in global ticket sales this weekend, becoming the first R-rated movie to do so. A US R rating requires everyone under the age of 17 watching the film in a cinema to be accompanied by an adult. Joker is currently number seven on this weekend’s US Read More

UBS Chief Ermotti wants to stay until 2021: report

4 hours ago NAMEX Comments Off on UBS Chief Ermotti wants to stay until 2021: report
FILE PHOTO: UBS CEO Sergio Ermotti attends the Swiss Global Digital Summit in Geneva, Switzerland, September 2, 2019. REUTERS/Denis Balibouse ZURICH (Reuters) – UBS’s (UBSG.S) Sergio Ermotti wants to remain as chief executive of Switzerland’s biggest bank until 2021, Swiss website Finews reported on Monday, citing unnamed sources. There has been speculation about the 59-year-old’s Read More

Commodity giant Louis Dreyfus names Michael Gelchie as chief operating officer

5 hours ago NAMEX Comments Off on Commodity giant Louis Dreyfus names Michael Gelchie as chief operating officer
PARIS (Reuters) – Agricultural commodity giant Louis Dreyfus (LDC) on Monday named Michael Gelchie as its new chief operating officer, while also announcing the departure of executive Andrea Maserati. LDC is one of the so-called “ABCD” quartet of global grain trading giants, alongside Archer Daniels Midland, Bunge and Cargill . Last month, LDC warned Read More

Peter Thiel’s Palantir launches Japanese joint venture with insurer Sompo

5 hours ago NAMEX Comments Off on Peter Thiel’s Palantir launches Japanese joint venture with insurer Sompo
(Reuters) – Silicon Valley data analytics company Palantir Technologies Inc has established a joint venture with Japanese insurance holding company Sompo Holdings Inc that initially will focus on health and cybersecurity clients, Palantir said. The joint venture, owned 50-50 by Palantir and Sompo, will service Japanese government as well as commercial clients, according to the Read More

Clear Blue Technologies Announces Transition of Auditors

6 hours ago NAMEX Comments Off on Clear Blue Technologies Announces Transition of Auditors
TORONTO, Nov. 15, 2019 (GLOBE NEWSWIRE) — Clear Blue Technologies International Inc. (“Clear Blue” or “the Company”) (TSXV: CBLU) (FRANKFURT: 0YA) announced today that its Board of Directors has accepted the resignation of the Company’s auditor (the “Former Auditor”).  The Board expects to announce its new auditor within the coming weeks. “This is an administrative Read More

Asia shares hauled higher as China trims key repo rate

7 hours ago NAMEX Comments Off on Asia shares hauled higher as China trims key repo rate
SYDNEY (Reuters) – Asian shares ticked higher on Monday after Beijing surprised markets by trimming a key interest rate for the first time since 2015, stirring speculation that further stimulus was on the way for the world’s second-largest economy. FILE PHOTO: Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan, Read More

FOCUS-Ford bets on an electric Mustang to charge its turnaround

8 hours ago NAMEX Comments Off on FOCUS-Ford bets on an electric Mustang to charge its turnaround
DETROIT (Reuters) – The Mustang Mach E electric sport utility vehicle Ford Motor Co (F.N) unveiled in Los Angeles on Sunday is more than another car for the storied automaker. Ford Motor Co. shows the all-new electric Mustang Mach-E vehicle for a photo shoot at a studio in Warren, Michigan, U.S. October 29, 2019. Picture Read More

Ford bets on an electric Mustang to charge its turnaround

9 hours ago NAMEX Comments Off on Ford bets on an electric Mustang to charge its turnaround
DETROIT (Reuters) – The Mustang Mach E electric sport utility vehicle Ford Motor Co (F.N) unveiled in Los Angeles on Sunday is more than another car for the storied automaker. Ford Motor Co. shows the all-new electric Mustang Mach-E vehicle for a photo shoot at a studio in Warren, Michigan, U.S. October 29, 2019. Picture Read More