Major automakers post U.S. higher May new vehicle sales

Major automakers on Monday reported better-than-expected U.S. new vehicle sales for May, posting the first monthly increase for 2019 as a strong economy and upbeat consumer sentiment boosted demand. Press Release Distribution Service

Stocks, commodities slide as Trump’s trade threats fan recession worries

U.S. stock futures and commodity prices slipped while bonds rallied on Monday on worries an intensifying Sino-U.S. trade tussle and Washington’s new tariff threats against Mexico could tip the global economy into a recession. Press Release Distribution Service

Malaysia Airlines says deliveries of 737 MAX jets could be delayed

Malaysia Airlines is looking at its order for 25 Boeing Co 737 MAX jets “very carefully” in light of the global grounding and plans for the first delivery in July 2020 could be delayed, the carrier’s chief executive said on Monday. Press Release Distribution Service

A year after Qatar boss’ gaffe, airlines still pay ‘lip service’ to diversity: executives

A year after Qatar Airways boss’ remark that a woman could not do his job drew scathing criticism, airline executives called out the industry for paying only “lip service” to diversity and not pushing to get more women out of cabins and into boardrooms. Press Release Distribution Service

Airbus urges airlines to pressure Boeing over subsidy row

Airbus has written to airline leaders to appeal for their backing in a trade dispute with rival Boeing, warning of higher aircraft prices and passenger fares if the United States and European Union descend into a tariff war. Press Release Distribution Service

U.S. Justice Department prepares Google antitrust probe: sources

The U.S. Justice Department is preparing an investigation of Alphabet Inc’s Google to determine whether the tech giant broke antitrust law in operating its sprawling online businesses, two sources familiar with the matter said. Press Release Distribution Service

U.S. judge waves through D.C. case against Facebook

A U.S. judge on Friday denied Facebook Inc.’s request to dismiss a lawsuit by the Washington, D.C. attorney general over the social media giant’s improper sharing of 87 million users’ data with British political consulting firm Cambridge Analytica. Press Release Distribution Service

Hard for Xi, Trump to make progress on trade: former China central bank chief

China’s President Xi Jinping and U.S. President Donald Trump are likely to find it “difficult” to make major progress toward ending their countries’ trade war when they meet at a G20 summit in Japan in June, a former top Chinese official said on Friday. Press Release Distribution Service

U.S., China firms scramble as new tariffs hurt business

Shanghai wine importer Alex Chen has spent the last 10 days moving all his American wines – from chardonnays to zinfandels – out of warehouses in the city’s free trade zone before they are hit with an extra tariff that kicks in on Saturday. Press Release Distribution Service

Asian automaker shares hit as Trump threatens Mexico with tariffs

Shares in Asia’s major automakers and their suppliers sank on Friday after U.S. President Donald Trump threatened to slap tariffs on Mexican imports next month, potentially affecting vehicles made in Mexico and sold north of the border. Press Release Distribution Service

Trump vows rapid increase in tariffs on Mexico unless illegal immigration ends

President Donald Trump, incensed by a surge of illegal immigrants across the southern border, vowed on Thursday to impose a tariff on all goods coming from Mexico, starting at 5% and ratcheting higher until the flow of people ceases. Press Release Distribution Service

Japan automaker shares hit as Trump announces tariffs on Mexico imports

Shares in Japan’s major automakers sank on Friday after U.S. President Donald Trump said the United States will impose a 5% tariff on all imports from Mexico from next month, as the move was seen affecting vehicles made in Mexico and sold north of the border. Press Release Distribution Service

Trump plans 5% tariff on Mexican imports over illegal immigration

President Donald Trump, struggling to stem a surge of illegal immigrants across the southern border, vowed on Thursday to impose a tariff on all goods coming from Mexico starting at 5% and ratcheting higher until the flow of border-crossers ceases. Press Release Distribution Service

Greyhound for sale, owner First Group says

Train and bus operator FirstGroup said on Thursday it would sell U.S. coach service Greyhound and look to separate off its UK First Bus operations as it seeks to head off pressure from major investors for returns. Press Release Distribution Service

Toyota to set up Myanmar plant to assemble Hilux trucks

Toyota Motor Corp said on Thursday it would launch a plant in Myanmar to manufacture Hilux pick-up trucks from 2021 as the Japanese automaker plans to locally assemble vehicles for the emerging nation where demand for cars has been soaring. Press Release Distribution Service

Strategists see Wall Street moving higher despite trade war risks: Reuters poll

U.S. stocks will build on this year’s already strong gains over the rest of 2019 despite growing U.S.-China trade tensions that represent the biggest threat to the market, according to a Reuters poll of strategists. Press Release Distribution Service

Canadian lawmakers fume after Facebook’s Zuckerberg snubs invitation

Canadian lawmakers fumed on Tuesday when Facebook Inc founder and Chief Executive Mark Zuckerberg snubbed an invitation to Ottawa to testify on privacy and democracy before an international panel, slapping the billionaire with a standing summons. Press Release Distribution Service

China gains, auto sector lift Asian shares, but sentiment fragile

Asian shares rose on Tuesday, lifted by gains in China and as auto firms climbed on merger news, but broad uncertainties over trade and economic growth kept investor enthusiasm in check. Press Release Distribution Service

France insists any Renault/Fiat deal must protect French jobs: Le Maire

France must protect its own interests and jobs in any merger between Renault and Fiat, even though France’s stake in Renault would automatically be diluted, French Finance Minister Bruno Le Maire told RTL radio on Tuesday. Press Release Distribution Service

Fiat Chrysler makes merger offer to Renault

Fiat Chrysler has made a “transformative” all-share merger proposal to French rival Renault, the Italian-American carmaker said on Monday, in a deal to create a new third-ranked global manufacturer. Press Release Distribution Service

French government: looking ‘reasonably favorably’ on Renault/Fiat deal

The French government is looking “reasonably favorably” on a proposed merger deal between Italian carmaker Fiat and French peer Renault, said government spokeswoman Sibeth Ndiaye on Monday. Press Release Distribution Service

Jet Airways founder Naresh Goyal and wife stopped from leaving India – airport official

Indian carrier Jet Airways (India) Ltd founder Naresh Goyal and his wife Anita Goyal were stopped from leaving India on Saturday at Mumbai airport, according to an airport official who asked not to be named. Press Release Distribution Service

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