Senior China diplomat says U.S., China can resolve trade dispute through talks
The Chinese government’s top diplomat Wang Yi said on Thursday that China and the United States can and should appropriately resolve their trade dispute through talks.
Tesla names Telstra exec Robyn Denholm as chair
Tesla Inc said board member Robyn Denholm will replace Elon Musk as its chair, more than a month after the billionaire had to step down as the electric-car maker’s chairman as part of a settlement with U.S. regulators.
Used private jets from China are landing with U.S. buyers
Chinese companies and individuals are selling more used private planes than in previous years as economic growth slows in China, and U.S. buyers are snapping up hard-to-find models, according to interviews with business jet analysts, dealers and consul…
China October exports surprisingly strong in race to beat higher U.S. tariffs
China reported much stronger-than-expected exports for October as shippers rushed goods to the United States, its biggest trading partner, racing to beat higher tariff rates due to kick in at the start of next year.
Toshiba to shed troubled assets, cut 7,000 jobs as part of new five-year strategy
Toshiba Corp is liquidating its British nuclear power unit and selling its U.S. liquefied natural gas (LNG) business, as the once-mighty industrial conglomerate seeks to unload troubled assets and regain investors’ confidence.
Asia buoyed by post-election Wall St rally, dollar bounces
Asian stocks scaled a one-month peak on Thursday, after investors drove a Wall Street rally on relief the U.S. midterm elections delivered no major political surprises, while the dollar bounced and pulled away from 2-1/2-week lows.
Mazda to recall 640,000 vehicles globally over diesel engine issue
Mazda Motor Corp on Thursday said it planned to recall around 640,000 vehicles globally to fix issues including a problem with the valve springs used in its diesel engines.
Toshiba to take more than $800 million loss to exit U.S. LNG business
Japan’s Toshiba Corp said on Thursday it will pay more than $800 million to an unidentified overseas “buyer” to exit its U.S. liquefied natural gas (LNG) business as part of a five-year plan to shed money-losing assets.
Securities lending boom sparks concerns on returns and voting
Securities lending by investment funds has reached its highest level in a decade, as demand for corporate bonds surged more than 30 percent over the past 18 months and short selling of Tesla and Alibaba shares reaches a frenzy.
Premium PC business boosts Lenovo’s quarterly profit
Chinese PC maker Lenovo Group reported a 21 percent rise in second-quarter net profit, beating expectations, thanks to more premium computers it sold during the period.
