UPDATE 3-Volkswagen lowers sales goal as China growth slows down VW expects China sales growth to grind to halt. BERLIN, July 29- Volkswagen lowered its global sales forecast on Wednesday and said it was braced for stagnant volumes in China, after years of double-digit growth in its biggest market. The German carmaker, which overtook Toyota as the world's largest carmaker by sales in the first half of this year, has long seen...
UPDATE 2-German business morale brightens as Greece jitters ease *Iran deal likely boosted industry expectations-economist. BERLIN, July 27- Business confidence in Germany unexpectedly improved in July after two monthly drops as an agreement between Greece and its creditors for talks on a third bailout lifted the mood at firms in Europe's largest economy. Ifo president Hans-Werner Sinn said the easing of the crisis had...
| By: Michelle Martin
UPDATE 1-German business morale brightens in July as Greek situation eases BERLIN, July 27- Business confidence in Germany improved in July after two monthly drops as an agreement between Greece and its creditors for talks on a third bailout lifted the mood at firms in Europe's largest economy. Hans-Werner Sinn, president of Ifo think tank, said the easing of that crisis had helped boost sentiment in Germany. Last week Germany and Iran...
| By: Michelle Martin
Survey shows unexpected upturn in German business confidence BERLIN- Business confidence in Germany, Europe's biggest economy, has risen unexpectedly this month as worries over Greece have subsided, a closely watched survey showed Monday. The institute's president, Hans-Werner Sinn, said in a statement that "the recent easing of the Greece situation contributed to stronger sentiment in the German economy."
Source: The Associated Press
A China lens on Apple earnings Hans Tung, GGV Capital managing partner and early Xiaomi investor, discusses the role China plays in Apple and their earnings going forward.
UPDATE 1-TomTom results spotlight auto market weakness vs Nokia HERE AMSTERDAM, July 21- Dutch navigation firm TomTom, which aims to reinvent itself as a supplier of high-definition maps for self-driving cars, posted quarterly results that hammered home how far it has travel to compete with major rival Nokia HERE. With Nokia expected to sell HERE to a consortium of German carmakers, industry experts see TomTom as an alternative...
| By: Thomas Escritt
UPDATE 7-Brent up, U.S. crude dips as both post third weekly loss *Iran starts moving oil stored offshore to Asia. NEW YORK, July 17- Brent crude rose and U.S. futures dipped on Friday in choppy trading as expectations of increased exports from Iran capped prices and helped both contracts post their third consecutive weekly losses. "The rig count is a bullish element and might help keep U.S. crude above $50 and we might see some...
| By: Robert Gibbons