Markets

Volkswagen and Ford are close to reaching a deal on a partnership for developing self-driving cars, the German carmaker's chief executive said on Thursday.

U.S. stocks opened higher on Thursday, led by gains in energy shares, with hopes of an interest rate cut adding to the upbeat mood.

India detected at least 22 violations of auditing standards by Deloitte Haskins & Sells and a KPMG affiliate while investigating a fraud at a financial company, leading it to seek a five-year ban on the auditors, according to government legal filings seen by Reuters.

Facebook is buying a stake in Indian e-commerce start-up Meesho, the head of the U.S. tech giant's Indian business said on Thursday, looking to deepen its reach in one of the world's biggest internet markets.

The number of Americans filing applications for unemployment benefits unexpectedly rose last week, which could add to concerns that the labor market was losing steam after job growth slowed sharply in May.

Since the U.S. government put Huawei Technologies Co Ltd on a trade blacklist, effectively banning American firms from doing business with it, China's leaders have spoken boldly about achieving self-sufficiency in the critical semiconductor business.

A flippant reference to pigs in an inflation analysis by UBS Group AG's global chief economist has caused a furore in China, with some in the financial community rejecting UBS's apology and calling for a boycott.

PARIS: China's plan to increase local production of baby formula products has not come as a surprise to global dairy maker Danone, which has plans to launch a new ultra-premium product in that market, said Danone's chief financial officer. According to a document jointly released earlier this ...

LUXEMBOURG: A senior adviser to the EU's top court said Thursday (Jun 13) it was his legal advice that products from Israeli-occupied territories must be clearly labelled as such to avoid misleading consumers. The European Court of Justice is not obliged to follow Advocate General Gerard Hogan's ...

Franco-Italian turboprop maker ATR is tackling a slump in deliveries resulting from a combination of industrial delays, unsold aircraft and pilot shortages, industry sources said.