Japan’s Nidec to expand electric-car motor production outside China: Nikkei
Nidec Corp will add locations outside China to build motors for electric vehicles as the Japanese motor maker rethinks its supply strategy, the Nikkei business daily reported on Thursday.
Pier 1 CEO steps down after turnaround efforts fail
Home furnishing retailer Pier 1 Imports Inc said on Wednesday its Chief Executive Officer Alasdair James has stepped down and the company is looking at various options as it struggles with falling sales.
U.S. Congress will not pass self-driving car bill in 2018: senators
The U.S. Congress will not vote on a bill to speed the introduction of self-driving cars before it adjourns for the year, a blow to companies like General Motors Co and Alphabet Inc’s Waymo unit, key senators said on Wednesday.
A Fed tally: Nearing normal, central bank won a few, and lost as well
The U.S. Federal Reserve has begun signaling the end of its rate-hike cycle is not far off, winding down its sometimes Sisyphean effort to restore a semblance of normalcy to monetary policy. It has been a slow slog – the Fed has managed just nine incre…
LME to remove suspension on Rusal metal if sanctions lifted
The London Metal Exchange (LME) said on Wednesday it proposed to lift its suspension on aluminum produced by Russia’s Rusal if U.S. sanctions are lifted.
Recharge: LG and Samsung take heart as China flags more open car battery market
For automotive battery makers LG Chem Ltd and Samsung SDI Co Ltd , the Chinese market has begun to offer promise after painful loss-making investments.
Wall St. tumbles as investors fret over Fed policy update
U.S. stocks declined sharply on Wednesday after the Federal Reserve’s forecast of fewer interest-rate increases in 2019 fell short of investors’ hopes of a more dovish monetary policy.
U.S. imposes fresh Russia sanctions for election meddling
The United States imposed fresh Russia-related sanctions on Wednesday, expanding a blacklist of individuals allegedly involved in a Kremlin-backed campaign to meddle with the 2016 U.S. presidential election, among other misdeeds.
U.S. stocks tumble on Fed tightening plans
U.S. stocks declined sharply on Wednesday after the Federal Reserve’s forecast of fewer interest-rate increases in 2019 fell short of investors’ hopes of a more dovish monetary policy.
Global stocks sink after Fed hike, bonds rally
Global equity markets gave up earlier gains and continued a weeklong sell-off on Wednesday after the U.S. Federal Reserve announced a fresh interest rate hike and said “some” further rate hikes would be necessary in the year ahead.
