Pricing pressure, tariffs dent Volvo’s quarterly profit

Swedish carmaker Volvo’s
quarterly profit fell by 19.3 percent, the company said on
Thursday, blaming pricing pressure and higher tariffs arising
from the trade war between the United States and China.

JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/companyNews/~3/G3vedIdegdE/pricing-pressure-tariffs-dent-volvos-quarterly-profit-idUSL5N2267JA

Asian shares slip; German, Korean data hurt risk appetite

Asian shares slipped on Thursday as a surprise deterioration in German and South Korean economic data rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week.

JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/businessNews/~3/A9Bre595YE8/asian-shares-slip-german-korean-data-hurt-risk-appetite-idUSKCN1S102O

Panasonic may upgrade Japan plant to make advanced Tesla batteries: source

Panasonic Corp may upgrade one of its battery plants in Japan to produce advanced-format battery cells for Tesla Inc if needed by the U.S. electric vehicle (EV) maker, a person familiar with the matter told Reuters on Thursday.

JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/businessNews/~3/A_ZkXzDG4y4/panasonic-may-upgrade-japan-plant-to-make-advanced-tesla-batteries-source-idUSKCN1S1087