Mon02202017

LAST_UPDATEMon, 20 Feb 2017 12am

Daimler Strikes Electric Vehicle Agreement With Workers At German Plant

Daimler has struck an agreement with workers at Mercedes-Benz's biggest transmission factory in Germany, under which work on electric vehicles (EVs) will be based at the plant near the carmaker's home town of Stuttgart.

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Weak Data Undercuts Optimism On Euro Zone Economy Strength

Optimism about the strength of the euro zone economy took a hit on Tuesday as data showed lower-than-expected growth, possibly caused by weaker global trade as protectionist calls grow louder.

Read more: Weak Data Undercuts Optimism On Euro Zone Economy Strength

GM In Talks To Sell European Auto Business To Peugeot

In a move that could shake up the global auto industry, General Motors Co and French automaker PSA Group said on Tuesday they are in talks that could result in PSA buying GM's European auto operations.

Read more: GM In Talks To Sell European Auto Business To Peugeot

Markets Underestimating Pace Of Fed Rate Hikes: Lacker

The Federal Reserve will likely have to raise interest rates more rapidly than financial markets currently expect given that any new policies by the Trump administration, while uncertain, will force the Fed's hand, a hawkish central banker said on Tuesday.

Read more: Markets Underestimating Pace Of Fed Rate Hikes: Lacker

Fed Official Wants To Trim, Maybe Sell, Bonds This Year

The Federal Reserve should consider selling bonds when it decides to reduce its $4.5 trillion balance sheet, a hawkish Fed official said on Tuesday, adding he would like the U.S. central bank to begin the process this year.

Read more: Fed Official Wants To Trim, Maybe Sell, Bonds This Year

Greece Debt Situation Not An 'Acute Crisis': Eurogroup's Dijsselbloem

The Greek debt situation is not an "acute crisis", Eurogroup President Jeroen Dijsselbloem said on Tuesday, with the next loan instalment not needed by Athens until the summer.

Read more: Greece Debt Situation Not An 'Acute Crisis': Eurogroup's Dijsselbloem

Funds Boost Euro Equity Holdings But Wary Of France: BAML Survey

Global investors have stepped up euro zone and emerging equity holdings while cooling toward France in the volatile run-up to its presidential election, a monthly survey showed on Tuesday.

Read more: Funds Boost Euro Equity Holdings But Wary Of France: BAML Survey

Apple Shares Close At All-Time High

Shares of Apple's stock closed at an all-time high Monday, riding a post-earnings rally and a more favorable outlook on Wall Street.

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Singapore Airlines Profit Drops 36% Amid Weak-Yield Environment

SINGAPORE — Singapore Airlines (SIA), South-east Asia’s biggest carrier, posted a 36 per cent drop in third-quarter net profit as passenger numbers declined and the company wrote down the value of a budget unit’s brand.

Read more: Singapore Airlines Profit Drops 36% Amid Weak-Yield Environment

Electric Vehicles Can Now 'Fill Up' For Free At BHPetrol

Pic: Astro AwaniPETALING JAYA: Electric vehicles (EV) can now "fill up" at two Boustead Petroleum Marketing Sdn Bhd (BHPetrol) service stations in the Klang Valley for free, with more installations at key locations planned for this year.

Read more: Electric Vehicles Can Now 'Fill Up' For Free At BHPetrol