The Latest on the collision between the USS John S. McCain guided missile destroyer and an oil tanker east of Singapore (all times local): 7:20 p.m. The commander of the U.S. Pacific Fleet says a number ...
A regional rail train crashed into a parked train at a suburban Philadelphia terminal early Tuesday morning, injuring dozens of passengers and the train's operator, a regional rail spokeswoman said. Rail ...
Ford Motor is exploring setting up a joint venture with Chinese firm Anhui Zotye Automobile Co to build electric passenger vehicles in China under a new brand, tapping into a boom for such vehicles in the world's top auto market. China, struggling with alarming pollution levels in major cities, is aggressively pushing plug-in vehicles and has poured in tens of billions in investment, research funding and subsidies, drawing many new automakers to launch projects. Tesla, Daimler AG and General Motors are among firms that have already announced plans for making electric vehicles in China, which wants electric and plug-in hybrid cars to make up at least a fifth of the country's auto sales by 2025.
Gold prices fell on Tuesday, under pressure from a stronger dollar ahead of an annual meeting of central bankers this week, while speculative buying pushed palladium to its highest since February 2001. Investors are waiting for speeches from European Central Bank President Mario Draghi and Federal Reserve Chair Janet Yellen at Jackson Hole Wyoming, for clues to the direction of interest and currency rates. "Draghi could take the opportunity to downplay the idea of monetary tightening in the euro zone, which would have a dampening effect on the euro and lift the dollar," said Julius Baer analyst Carsten Menke.
Ford Motor is exploring setting up a joint venture with Chinese firm Anhui Zotye Automobile Co to build electric passenger vehicles in China under a new brand, tapping into a boom for such vehicles in the world's top auto market. China, struggling with alarming pollution levels in major cities, is aggressively pushing plug-in vehicles and has poured in tens of billions in investment, research funding and subsidies, drawing many new automakers to launch projects. Tesla, Daimler AG and General Motors are among firms that have already announced plans for making electric vehicles in China, which wants electric and plug-in hybrid cars to make up at least a fifth of the country's auto sales by 2025.
FTSE 100 pushes back into the green as the gloomy mood on stock markets begins to lift; European stocks also record strong early rises Pound slips back below $1.29; UK records first July surplus since 2002 Doorstep lender Provident Financial has plummeted 63pc on the FTSE 100 after a triple whammy of a scrapped dividend, chief executive departure and warning of a full-year loss BHS' former owner Dominic Chappell to be prosecuted by The Pensions Regulator for failing to provide information into an investigation into the sale of the closed retailer 11:10AM BHS' former owner Dominic Chappell to be prosecuted BHS' former owner Dominic Chappell BHS' former owner Dominic Chappell will be prosecuted by The Pensions Regulator for failing to provide information requested during its investigation into the sale of the closed retailer. The former bankrupt bought BHS for £1 in 2015 before it collapsed into administration in April 2016, leaving behind a £571m pension deficit. The Pensions Regulator said this in its statement just a few moments ago: TPR is prosecuting Mr Chappell for failing to comply with three notices issued under Section 72 of the Pensions Act 2004. The notices requiring information were issued to Mr Chappell on 26 April 2016, 13 May 2016 and 20 February 2017. He has been summonsed to appear at Brighton Magistrates' Court on 20 September 2017 to face three charges of neglecting or refusing to provide information and documents, without a reasonable excuse, when required to do so under section 72 of the Pensions Act 2004, contrary to section 77(1) of that Act." 10:48AM Mike Ashley increases Debenhams stake to more than 20pc Sports Direct boss Mike Ashley Sports Direct boss Mike Ashley has increased his stake in Debenhams to more than 20pc. In a statement to the stock market, Debenhams said ...Read the rest of this story
China's largest state-owned commercial banks are raising tens of billions of dollars to fund the country's Belt and Road investment push, according to people familiar with the matter, bolstering Beijing's ambitions as private capital pulls back. The people said China Construction Bank Corp (CCB), the country's second-biggest bank by assets, was raising at least 100 billion yuan ($15 billion) for a fund to specifically finance Belt and Road investment. The people added CCB was raising cash onshore and offshore, and has already been running roadshows with investors.
