Tag Archives: canada

Ford hires 400 engineers, mostly in Canada, as cars go high tech

SAN FRANCISCO (Reuters) – Ford Motor Co said on Thursday it was hiring 400 engineers, mostly in Canada, to work on connectivity software and hardware, part of a wider push to meet demand for more connected cars.

Excerpt from:
Ford hires 400 engineers, mostly in Canada, as cars go high tech

After sale to Intel, Mobileye’s founder raises sights on IPO for OrCam

JERUSALEM (Reuters) – With the ink barely dry on the $15 billion sale of his autonomous driving technology firm Mobileye to Intel , inventive Israeli entrepreneur Amnon Shashua now has his sights set on taking another start-up public by the end of next year.

Read the original here:
After sale to Intel, Mobileye’s founder raises sights on IPO for OrCam

Euro dips as price data further dampens ECB hike expectations

LONDON (Reuters) – The euro dipped and bond yields hit multi-week lows on Thursday as easing inflation in Spain and Germany led investors to row back further on expectations of when the European Central Bank might tighten monetary policy.

Go here to see the original:
Euro dips as price data further dampens ECB hike expectations

Asia shares creep up to near two-year peak, dollar firms

TOKYO (Reuters) – Asian shares edged up to near their highest in two years on Thursday, while the dollar benefited from waning expectations that the European Central Bank was poised to end its easy policy.

See more here:
Asia shares creep up to near two-year peak, dollar firms

Clouds over Trump tax plan may curb appetite for U.S. stocks

NEW YORK (Reuters) – Wall Street has tempered its expectations for sweeping U.S. tax cuts in the wake of President Donald Trump’s stinging healthcare defeat, a move that could push investors to embrace cheaper global stocks after the heady U.S. rally of recent months.

View post:
Clouds over Trump tax plan may curb appetite for U.S. stocks

Huge nuclear cost overruns push Toshiba’s Westinghouse into bankruptcy

WILMINGTON, DEL./TOKYO (Reuters) – Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp , filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Southeast.

View original post here:
Huge nuclear cost overruns push Toshiba’s Westinghouse into bankruptcy

OPEC compliance with oil curbs rises in March as UAE joins cut: survey

LONDON/DUBAI (Reuters) – OPEC oil output is likely to fall for a third straight month in March, a Reuters survey found on Wednesday, as the United Arab Emirates made progress in trimming supplies while maintenance and unrest cut production in exempt nations Nigeria and Libya.

Read the original here:
OPEC compliance with oil curbs rises in March as UAE joins cut: survey

Banks to London staff: no panic as Britain launches EU divorce process

LONDON (Reuters) – Banks in Britain have tried to reassure their London staff over possible Brexit disruption, including a shift in jobs to continental Europe, as Prime Minister Theresa May triggered formal EU divorce proceedings on Wednesday.

See the rest here:
Banks to London staff: no panic as Britain launches EU divorce process

After crippling cost overruns, Toshiba’s Westinghouse files for bankruptcy

TOKYO (Reuters) – Toshiba Corp’s U.S. nuclear unit Westinghouse filed for Chapter 11 protection from creditors on Wednesday, just three months after huge cost overruns were flagged, as the Japanese parent seeks to limit losses that threaten its future.

Go here to read the rest:
After crippling cost overruns, Toshiba’s Westinghouse files for bankruptcy

UK-based banks already knocking on Germany’s door: Bundesbank

FRANKFURT (Reuters) – Banks seeking to leave London because of Brexit are already holding talks about moving to Frankfurt but they will not be offered any special exemption from the regulations, a senior board member of Germany’s central bank told Reuters.

Original post:
UK-based banks already knocking on Germany’s door: Bundesbank

Global stocks up, formal Brexit start casts shadow over sterling

LONDON (Reuters) – European shares rose on Wednesday, following Wall Street’s late surge, while sterling was the biggest loser on major currency markets ahead of the formal triggering of Britain’s exit process from the European Union later in the day.

Excerpt from:
Global stocks up, formal Brexit start casts shadow over sterling

SK Hynix consortium bids over $9 billion for Toshiba chip unit: Maeil Business

SEOUL (Reuters) – A consortium led by South Korea’s SK Hynix Inc has offered to pay more than $9 billion for a majority stake in Toshiba Corp’s memory chip business, the Maeil Business Newspaper reported on Wednesday citing unnamed sources.

View post:
SK Hynix consortium bids over $9 billion for Toshiba chip unit: Maeil Business

Wall Street posts sharp gains, fueled by strong consumer data

(Reuters) – U.S. stocks ended sharply higher on Tuesday, with financial and energy shares surging as data showed U.S. consumer confidence soaring to a more than 16-year high.

Here is the original post:
Wall Street posts sharp gains, fueled by strong consumer data

Tesla deal boosts Chinese presence in U.S. auto tech

DETROIT (Reuters) – China’s Tencent Holdings Ltd has bought a 5 percent stake in U.S. electric car maker Tesla Inc for $1.78 billion, the latest investment by a Chinese internet company in the potentially lucrative market for self-driving vehicles and related services.

The rest is here:
Tesla deal boosts Chinese presence in U.S. auto tech