South Korea will consider injecting funds into GM Korea for investment: Yonhap

SEOUL (Reuters) – South Korea’s government will consider injecting fresh funds into the loss-making South Korean unit of General Motors Co , the Yonhap news agency reported on Saturday, citing the finance minister.

A U.S. recession ahead? Fed policymakers say not to worry

CHICAGO/SAN FRANCISCO (Reuters) – As the gap between short- and long-term borrowing costs hovers near its lowest in more than 10 years, speculation has risen over whether the so-called yield curve is signaling that a recession could be around the corner.

U.S. banks push mortgage apps as home lending slows

NEW YORK (Reuters) – Big U.S. banks are racing to launch websites and mobile apps to make getting a mortgage faster and easier, investments that may have modest near-term payoffs as home lending activity slows.

Japan’s Takeda sweetens $62 billion Shire offer

TOKYO/LONDON (Reuters) – Japan’s Takeda Pharmaceutical nudged up its offer for Shire to 44.3 billion pounds ($62 billion) on Friday to try to persuade the rare-disease drugs specialist into talks after it rejected three previous proposals.

Air France launches new consultation with staff as pay talks stall

PARIS (Reuters) – Air France said it was launching a new consultation period with staff members to seek an end to a strike dispute over pay that has so far cost it 220 million euros ($271 million).

U.S. companies upbeat about business in Germany: survey

BERLIN (Reuters) – Some 82 percent of U.S. companies operating in Germany expect revenues to increase this year, a survey showed on Friday, despite a brewing trade conflict over the U.S. decision to impose tariffs steel and aluminum imports.

GE profit tops estimates, shares rise in ‘relief rally’

(Reuters) – General Electric Co posted quarterly results that topped expectations on Friday, as earnings from aviation, healthcare and transportation offset weak power and oil-and-gas profits, sending shares sharply higher in premarket trading.

GM Korea fails to reach wage deal, edging closer to bankruptcy filing

SEOUL (Reuters) – General Motors’ South Korean unit and its labor union failed to reach a wage deal by Friday, breaching a deadline set by the U.S. automaker to seek bankruptcy protection for the loss-making unit.

Boeing, Brazil’s Embraer close to tie-up: report

SAO PAULO (Reuters) – Talks aimed at a tie-up between planemakers Boeing Co and Embraer SA that also involve Brazil’s government are at an advanced stage, O Estado de S. Paulo newspaper reported on Friday, citing unnamed sources.

Futures inch higher after strong GE, Honeywell results

(Reuters) – U.S. stock index futures nudged higher on Friday following strong earnings from industrial heavyweights General Electric and Honeywell.

Asian oil demand to hit record, but industry can’t take eyes off Middle East

SINGAPORE (Reuters) – Asian oil demand will hit a record in April just as global crude values are lifted to levels not seen in three years by Middle East supply risks and top exporter Saudi Arabia withholding output and noisily pushing for prices at $80 to $100 per barrel.

Oil set for weekly gain on supply cuts, strong demand

LONDON (Reuters) – Oil prices were set for a second consecutive week of gains on Friday, buoyed by tightening supplies and continued support from OPEC and its allies on supply cuts.

Chips down: China aims to boost semiconductors as trade war looms

BEIJING (Reuters) – China has long pushed the development of top-end semiconductors as a key strategic objective.

GM Korea, union fail to reach wage deal: GM Korea spokesman

SEOUL (Reuters) – General Motors’ South Korean unit and its labor union failed to reach a wage deal, a spokesman of the unit said on Friday, after talks that sought to stave off a threat of bankruptcy for the loss-making unit.

Russia gives green light to Bayer’s takeover of Monsanto: Ifax

MOSCOW (Reuters) – Russia’s anti-monopoly regulator FAS has approved Bayer’s takeover of Monsanto , Russian news agency Interfax reported on Friday, citing the regulator.

Takeda shares drop after Shire rejects $63 billion offer

TOKYO (Reuters) – Japan’s Takeda Pharmaceutical Co Ltd shares fell on Friday after rare disease drug maker Shire Plc rejected its $63 billion cash-and-stock acquisition offer.

Asia shares hit by tech warning, oil holds near highs

SYDNEY (Reuters) – Asian shares slipped on Friday as a warning on smartphone demand from the world’s largest contract chipmaker slugged the tech sector, while lofty oil prices stirred inflation fears and undermined sovereign bonds.

U.S. Treasury considers emergency powers on Chinese investments: official

WASHINGTON (Reuters) – The U.S. Treasury is considering ways to restrict sensitive Chinese investments in the United States by invoking an emergency powers law and bringing forward some security review reforms for corporate acquisitions, a senior Treasury official said Thursday.

Wall Street regulator sanctions Tezos cryptocurrency project co-founder

NEW YORK (Reuters) – A Wall Street regulator has suspended the co-founder of the controversial Tezos cryptocurrency project from associating with broker-dealers for two years, part of a settlement to resolve allegations that he made false statements about his side venture while working at Morgan Stanley .

Mattel names former Maker Studios executive as CEO after Georgiadis quits

(Reuters) – Mattel Inc said on Thursday that board member and digital media executive Ynon Kreiz will replace Chief Executive Margaret Georgiadis, who is stepping down after only 14 months at the helm of the maker of Hot Wheels and Barbie dolls.

Wells Fargo nears $1 billion settlement for loan abuses: source

(Reuters) – Wells Fargo & Co is close to settling a record fine of $1 billion imposed by two U.S. regulators for its risk management business, a source familiar with the matter told Reuters on Thursday.

AT&T CEO Stephenson says Time Warner deal needed in content-dependent world

WASHINGTON (Reuters) – AT&T CEO Randall Stephenson said on Thursday his company’s bid to buy movie and TV show maker Time Warner would allow the two firms to serve customers better by lowering pay TV rates, rejecting government arguments the deal would raise consumer prices.

Trade tensions with U.S. testing resolve of Chinese consumers

BEIJING (Reuters) – Guo Qingshan delights in riding his 400,000 yuan ($63,839) Harley-Davidson motorbike around Beijing’s suburbs.

New York’s ‘Fearless Girl’ to stare down the Stock Exchange

NEW YORK (Reuters) – The bronze statue of a little girl that became a tourism phenomenon by staring down Wall Street’s massive “Charging Bull” sculpture is to be moved to a nearby spot where its stern gaze will be on the male-dominated New York Stock Exchange, city officials said on…

Tobacco and tech drag on Wall Street; yields boost banks

NEW YORK (Reuters) – Wall Street’s three major indexes closed lower on Thursday, with tobacco stocks leading a tumble in consumer staples while concerns about smartphone demand hurt the technology sector and rising bond yields and earnings helped financials rebound.

Mattel CEO Margaret Georgiadis to step down

(Reuters) – Toymaker Mattel Inc Chief Executive Officer Margaret Georgiadis, who took the helm in February last year, will step down and be replaced by company director Ynon Kreiz, effective April 26, the company said on Thursday.

Canada sees progress on crucial autos file at NAFTA talks

WASHINGTON (Reuters) – Canadian, Mexican and U.S. ministers seeking to revamp the NAFTA trade deal have made good progress on the vital question of autos content, Canadian Foreign Minister Chrystia Freeland said on Thursday as pressure to wrap up a deal intensified.

Shire rejects $63 billion Takeda bid as Allergan drops pursuit

NEW YORK/LONDON (Reuters) – Rare disease drug maker Shire Plc said on Thursday it had rejected a $63 billion cash-and-stock acquisition offer by Japan’s Takeda Pharmaceutical Co Ltd , while Allergan Plc reversed course on pursuing a rival bid.

AT&T CEO Stephenson says deal needed in content-dependent world

WASHINGTON (Reuters) – AT&T CEO Randall Stephenson said on Thursday his company’s bid to buy movie and TV show maker Time Warner would allow the two firms to serve customers better by lowering pay TV rates, rejecting government arguments the deal would raise consumer prices.

Peugeot boss faces toughest adversary yet in IG Metall

PARIS/FRANKFURT (Reuters) – PSA Group boss Carlos Tavares, whose career has seen him thrash out margin-boosting labor deals for two carmakers in several countries, is now taking on Germany’s IG Metall union, which has been the undoing of many a cost cutter.