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Ford recalls over 591,000 vehicles for steering, other problems

Ford Motor Co (F.N) said on Wednesday it is recalling more than 591,000 vehicles in North America for four separate problems, including possible broken bolts that could make steering more difficult.

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Rosneft petrol station, Moscow

Saras and Rosneft abandon plans for trading joint venture

Italian refiner Saras (SRS.MI) and Russian energy giant Rosneft (ROSN.MM) have called off plans to set up a trading joint venture, Saras Managing Director Dario Scaffardi said on Tuesday.

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Profit beat wins VW respite after boardroom clash

Cost cutting and an improving European car market helped Volkswagen (VOWG_p.DE) beat first-quarter profit forecasts, easing the pressure on management following the shock ouster of long-standing chairman Ferdinand Piech.

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Detroit automakers rely on U.S. truck sales for global profits

Detroit automakers have come full circle, relying as they did before the financial crisis on profits from selling trucks and sport utility vehicles in the United States to cover losses overseas.

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U.S. asks China to drop ban on poultry imports triggered by bird flu

U.S. Agriculture Secretary Tom Vilsack on Monday asked China to drop a ban on imports of U.S. poultry imposed because of an outbreak of bird flu in chickens and turkeys.

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Xerox cuts 2015 profit forecast due to strong dollar

Xerox Corp cut its full-year profit forecast, blaming a strong dollar, and the company reported lower-than-expected quarterly revenue as its printer sales fell and costs rose.

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Euro hits two-week high on German IFO, Greek hopes

The euro hit a two-week high against a soft dollar on Friday, supported by a rise in a key German business sentiment survey and hopes that cash-strapped Greece was making tentative progress toward securing fresh funding.

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Trans-Pacific Partnership

Pacific pact negotiators agree trade rules for six subjects: Japan government source

Negotiators for the Trans-Pacific Partnership have agreed trade rules for six broad categories as officials race to conclude a trade pact, a Japanese government source said on Thursday.

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Trans-Pacific Partnership

Japan, U.S. sound optimistic on TPP trade pact negotiations

Japan's top trade negotiator sounded an optimistic note on Tuesday that he could reach a deal with the United States that is essential to creating a free trade pact covering 12 countries.

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Brokerage house

China overhauling IPO process, mulls foreign firms listing: report

China will switch to a "registration system" for initial public offerings (IPO), ending the current approval process, the official China Securities Journal reported on Tuesday, a day after parliament began reviewing draft changes to the Securities Law.

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Iranian Crude

Iran wants OPEC to pave way for its extra oil production when sanctions lifted

Members of the Organization of the Petroleum Exporting Countries (OPEC) should prepare for extra Iranian crude production when Western sanctions on Tehran are lifted, Iran's oil minister was quoted on Tuesday by state news agency IRNA as saying.

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Saudi Arabia's Oil Minister Ali al-Naimi

Naimi says Saudi oil production near record high in April

Oil Minister Ali al-Naimi says Saudi Arabia is producing near record levels of crude in April, underscoring the kingdom's willingness to defend market share at a time when oil markets have staged a fragile recovery.

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Kraft Velveeta

Kraft removing synthetic colors from iconic macaroni & cheese

Kraft Foods Group Inc on Monday said it is revamping its family-friendly macaroni and cheese meal, removing synthetic colors and preservatives from the popular boxed dinner.

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Ferdinand Piech

Chairman Piech's grip on Volkswagen weakened by row with CEO

Volkswagen (VOWG_p.DE) Chairman Ferdinand Piech's iron grip on the German carmaker has been severely weakened following a dramatic confrontation with senior board members last week that nearly resulted in a push to oust him, sources told Reuters.

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Saudi's SABIC signs deal to use U.S. shale gas at British plant

Saudi Basic Industries Corp 2010.SE has signed a deal to use shale gas from the United States at its Teesside petrochemical plant in Britain, acting chief executive Yousef Abdullah al-Benyan told Reuters on Sunday.

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