Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
Asia Pacific markets were mostly in negative territory on Friday morning as investors remained worried over trade tensions between the United States and China.Asia Marketsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
Stocks fell sharply on Thursday as investors started to fear the U.S.-China trade war is slowing the economy.Marketsread more
"The last thing I want is to put a date out there for lifting the grounding," said Dan Elwell, acting administrator for the FAA.Transportationread more
The charges allege he published secret documents obtained by former Army intelligence analyst Chelsea Manning, some of which included the disclosure of foreigners who were...Politicsread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
See which stocks are posting big moves after the bell on Thursday, May 23.Market Insiderread more
Sentiment is "not negative enough to trigger a huge rally ... unless we get some kind of real breakthrough with China," Jim Cramer says.Mad Money with Jim Cramerread more
BERLIN, May 13 (Reuters) - Volkswagen said on Monday it would resume preparations for an initial public offering (IPO) of its trucks unit Traton, which it put on hold in March due to volatile market conditions.
The automaker had previously said it could list up to 25 percent of Traton in a deal that was expected to raise up to 6 billion euros ($6.7 billion) in Germany's biggest share offering of the year.
"Current market assessments have encouraged us to take todays decision," Volkswagen finance chief Frank Witter said in a statement.
Traton CEO Andreas Renschler said: "Our groundwork has been excellent and we are now fully focused on a potential IPO before the summer break."
Traton includes the MAN, Scania and Volkswagen trucks businesses. Volkswagen wanted to list it as part of its drive to create a global trucks business.
($1 = 0.8905 euros) (Reporting by Emma Thomasson; Editing by Mark Potter)