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Toyota to make more pickup trucks at Mexican plant in shift from U.S.
By Anthony Esposito APASEO EL GRANDE, Mexico (Reuters) – Toyota Motor Corp <7203.T> will ramp up production at its new Mexican plant to 100,000 vehicles a year by 2021 in a major step to shift production of its popular mid-size Tacoma pickup truck to Mexico from the United States, the company said on Thursday. The […]
U.S. dollar jumps vs Saudi riyal in forwards market as oil slumps
LONDON/DUBAI (Reuters) – The U.S. dollar rose against the Saudi riyal in the forwards market on Wednesday after oil prices slumped, with Brent crude futures dropping to their lowest in more than two decades as the coronavirus pandemic caused demand to collapse. One-year dollar/riyal forwards rose as high as 264.3 points, their highest since November […]
U.S. stores, online sales boost Ahold’s quarterly profit
By Anthony Deutsch and Toby Sterling AMSTERDAM (Reuters) – Food retailer Ahold Delhaize <AD.AS> met forecasts with a 3% rise in fourth-quarter core earnings on Wednesday helped by its Food Lion and Hannaford U.S. grocery chains and strong online sales. Ahold, which generates two-thirds of its sales in the United States, forecast 2020 margins “broadly […]