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US STOCKS-Wall St slips as Trump tweet pummels drug stocks

* Trump says to bring down pricing; drug stocks drop * Rate hike odds for March stand at 83 pct * Healthcare sector set for worst day since Jan. 11 * Indexes down: Dow 0.14 pct, S&P 0.20 pct, Nasdaq 0.13 pct (Updates to open) By Yashaswini Swamynathan March 7 (Reuters) – Healthcare stocks took […]

Citi to include China bonds in its government bond indexes

SHANGHAI (Reuters) – Citigroup Inc said on Tuesday it will include China’s onshore bonds in its emerging markets and regional indexes, marking another victory in Beijing’s efforts to woo foreign investors to its bond market to counter capital outflows. The U.S. bank unveiled two new government bond indexes, one of which will include China. But […]

Tata Motors sees choppy ride despite strong sales report from JLR

This has been a slightly bumpy ride for Tata Motors shares on the Indian bourses today, despite the company’s UK subsidiary Jaguar Land Rover reporting strong sales growth in February 2017.Tata Motors Limited’s wholly-owned subsidiary Jaguar Land Rover (JLR), the manufacturer of premium luxury vehicles, reported its best ever February sales performance in 2017. JLR’s […]

Autos bosses focus on technology rather than PSA-Opel

By Agnieszka Flak and Andreas Cremer GENEVA (Reuters) – The auto industry is facing seismic changes with the rise of electric vehicles, automated driving and car sharing set to eclipse even big mergers such as PSA’s purchase of Opel, executives at the Geneva auto show said. Peugeot maker PSA Group said on Monday it had […]

General Motors India to stop production at Gujarat plant

Chennai – Carmaker General Motors India on Tuesday confirmed it will stop production at its plant in Halol in Gujarat next month and consolidate production at its Talegaon plant in Maharashtra.A company statement said production will cease at Halol plant from April 28.”We will support our employees at the Halol plant throughout this transition,” President […]

Self-driving bus with no back-up driver nears California street

A pair of $250,000 autonomous buses began driving around an empty San Francisco Bay Area parking lot on Monday, preparing to move onto a local public road in California’s first pilot program for a self-driving vehicle without steering wheel or human operator.California and other states are weighing the opportunities of becoming a hub of testing […]

BRIEF-GM India to cease vehicle manufacturing at Halol plant on April 28

March 7 (Reuters) – GM India: * GM India to cease vehicle manufacturing at Halol plant onApril 28 * “Will support our employees at the Halol plant throughoutthis transition” * Have in place the options of separation package orcontinuity of employment at Talegaon plant * Will cease production at Halol manufacturing facility onApril 28, 2017, […]