Crude refusal: China shuns U.S. oil despite trade war truce
China, the world’s top oil importer, is set to start 2019 buying little or no crude from the United States despite a three-month truce in a trade scrap between the two nations, with relatively high freight costs and political uncertainty choking demand…
Tencent shares spike as China watchdog flags video game approvals
Tencent Holdings Ltd’s shares surged on Friday after a local regulatory official said some new video games had been cleared for sale, ending a lengthy freeze in approvals that has spooked players in the world’s largest gaming market.
Dollar hovers near one-month low, yen benefits on rising growth risks
The dollar languished close to one-month lows on Friday, seemingly pressured by year-end positioning with financial markets whipsawed by a collapse in oil prices, sell-off in equities and a threat of a U.S. government shutdown.
Asia stocks underwater as funds seek safe harbors
Global stocks were sinking in a sea of red on Friday as the threat of a U.S. government shutdown and of further hikes in U.S. borrowing costs sent dismayed investors sailing for safer harbors.
Indian regulator orders J&J to stop using raw material to make Baby Powder in India
India’s drugs regulator has ordered Johnson & Johnson to stop manufacturing its Baby Powder using raw materials in two of its Indian factories until test results prove they are free of asbestos, a senior official said on Thursday.
China watchdog flags video game approvals; Tencent shares jump
Tencent Holdings Ltd’s shares jumped by as much as 4.2 percent on Friday after a regulatory official said that some new games have been cleared for sale after a lengthy freeze in approvals.
Nissan’s Ghosn re-arrested, chances of imminent bail dashed
Japanese prosecutors re-arrested Nissan Motor Co Ltd’s ousted chairman Carlos Ghosn on Friday on fresh allegations of making Nissan shoulder $16.6 million in personal investment losses, dashing chances he would be released on bail imminently.
Asian stocks slide, investors rush to yen and bonds
Global stocks were sailing into Christmas on a sea of red on Friday, as the threat of a U.S. government shutdown and of further hikes in U.S. borrowing costs inflamed investor unease over the economic outlook.
Nissan’s Ghosn re-arrested: media
Japanese prosecutors have re-arrested Nissan Motor Co’s ousted chairman Carlos Ghosn for aggravated breach of trust, which means he could be detained for another 10 days, media reported on Friday.
Mitsubishi seeks dismissal of Bombardier trade secrets case
A trade secrets lawsuit brought by Canada’s Bombardier Inc against the aircraft unit of Mitsubishi Heavy Industries Ltd should be dismissed because the allegations are baseless and designed to “disrupt development” of a rival jet, a spokesman for the J…
