Tuesday, 11 September 2018

Shares gain, with U.S. lifted by tech and energy; trade woes hurt emerging markets

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Shares gain, with U.S. lifted by tech and energy; trade woes hurt emerging markets

A broad index of world stock markets posted gains for a second straight day, as investors swooned over U.S. technology and energy stocks even as a trade war loomed.

Tesla to drop some color options for cars to simplify production

Tesla Inc will eliminate some color options for its electric cars to streamline production, Chief Executive Officer Elon Musk tweeted on Tuesday, as the company intensifies its efforts to ramp up production.

U.S. securities law can cover cryptocurrencies, judge rules

U.S. securities law can be used to prosecute fraud cases over cryptocurrency offerings, a New York federal judge ruled on Tuesday in what appeared to be the first court decision to address the issue.

U.S. to probe India's Mahindra over Fiat Chrysler Jeep complaint

A U.S. regulator said on Tuesday it would launch an investigation into an off-road utility vehicle produced by Mahindra and Mahindra Ltd following a complaint by Fiat Chrysler Automobiles NV that it infringed upon the intellectual property rights of its Jeep design.

German ministry seeks data on quicker fighter jet deliveries

The German military has asked potential bidders in a high-stakes competition to replace its aging Tornado fighter jets about accelerating deliveries of new warplanes before an initial target date of 2025, sources familiar with the matter said.

Tech, energy stocks lift Wall Street

U.S. stocks powered higher on Tuesday, shaking off a subdued start, as Apple led a jump in technology stocks and a rise in oil prices lifted energy companies.

Canada's Freeland returns to Washington for NAFTA talks

Canadian Foreign Minister Chrystia Freeland returned to Washington on Tuesday for talks aimed at rescuing the North American Free Trade Agreement as time was running short before an Oct. 1 deadline.

Former Volkswagen boss dragged feet in emissions scandal: judge

Former Volkswagen boss Martin Winterkorn was slow to address emissions test cheating that led to huge U.S. fines, a judge hearing a damages case brought by investors against the German carmaker said on Tuesday.

German consumer body to present class action against VW

Germany's consumer protection association and auto club ADAC will on Wednesday present a class action against Volkswagen over the carmaker's manipulation of emissions software.

Boeing 737 deliveries rebound in August to 48, from July low

Boeing Co said on Tuesday it delivered 48 of its best-selling 737 single-aisle aircraft in August, bouncing back from the 29 it delivered in July, the fewest in years.

Cadbury owner Mondelez builds Brexit chocolate stash

Cadbury owner Mondelez International is stockpiling ingredients, chocolates and biscuits in Britain to avoid interruptions to business in the event of a hard Brexit.

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