Bhinneka News Online: Reuters Before the Bell: China's Geely Auto promises more models to support sales in uncertain domestic market

Thursday 21 March 2019

Reuters Before the Bell: China's Geely Auto promises more models to support sales in uncertain domestic market

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Thursday, March 21, 2019

China's Geely Auto promises more models to support sales in uncertain domestic market

China's Geely Automobile Holdings said on Thursday that it will invest more in new energy vehicles and higher-end models after forecasting flat sales in 2019 due to uncertainty about domestic demand.

Roche sues U.S. executives in fight over diabetes test strips

Roche is seeking damages and compensation in a U.S. lawsuit against former executives of a Utah-based company, the Swiss drugmaker's latest case targeting what it calls fraudulent schemes involving its diabetes test strips.

Stock futures tread water after Fed turns more accommodative

U.S. stock index futures were subdued on Thursday, a day after the Federal Reserve abandoned projections for any interest rate hikes this year amid signs of an economic slowdown.

Solar and wind firms call the 'Green New Deal' too extreme

U.S. solar and wind power companies may have the most to gain from the Green New Deal, an ambitious proposal backed by several Democratic presidential candidates to end U.S. fossil fuel consumption within a decade.

Deutsche Bank CEO sees strong case for merger with Commerzbank: source

Christian Sewing, the chief executive of Deutsche Bank, believes there is a strong case for a merger with rival Commerzbank, according to a person with direct knowledge of his thinking.

ECB's Enria says merged banking giant must have extra capital, be 'resolvable'

A new banking giant resulting from a merger must have extra capital and a legal structure that allows authorities to wind it down if it fails, the European Central Bank's top watchdog said on Thursday.

Volkswagen, Northvolt to join forces for battery research

Volkswagen and Swedish battery maker Northvolt and other companies as well as science labs are joining forces in battery cell research, the German carmaker said in a statement on Thursday.

U.S. whiskey exports dry up as tariffs bite

American whiskey exports slumped in the second half of 2018, taking a blow from higher duties by the country's trading partners following President Donald Trump's tariffs on steel and aluminum imports, an industry group said on Thursday.

Tencent warns of slower game launches after posting biggest ever profit drop

Tencent Holdings reported its sharpest ever quarterly profit decline on Thursday, hit by China's regulatory review of new games and one-off charges, and warned of slower video game launches due to a prolonged approval process.

Indonesia's Lion Air in early stages of long-delayed IPO: sources

Indonesia's Lion Air has begun preliminary work on an initial public offering (IPO) that has been delayed multiple times over the past five years, sources familiar with the matter said.