Nikkei powers to 27-year peak on weaker yen, earnings hopes; regional stocks up
Japan’s Nikkei raced to a 27-year high on Friday on the back of a lower yen and improved prospects for corporate earnings, while optimism over the U.S. economy’s short-term outlook supported broad risk appetite and the dollar.
German carmakers may offer diesel upgrade vouchers in compromise: FAZ
German carmakers may offer owners of vehicles affected by driving bans vouchers for hardware upgrades by suppliers such as Baumot or HJS, German daily Frankfurter Allgemeine Zeitung (FAZ) reported on Friday, without citing sources.
E.ON targets innovations for smart energy future
Germany’s biggest power supplier E.ON wants smart homes to be smart business in a world of decentralized, low-carbon energy markets.
U.S. regulator sues Musk for fraud, seeks to remove him from Tesla
The U.S. Securities and Exchange Commission accused Tesla Inc Chief Executive Elon Musk on Thursday of fraud and sought to remove him from his role in charge of the electric car company, saying he made a series of “false and misleading” tweets about p…
Dollar buoyant after upbeat data, hits nine-month high vs. yen
The dollar was in fine fettle against its peers on Friday, advancing to a nine-month high versus the yen, after data reinforced upbeat views about the U.S. economy and backed the Federal Reserve’s signal for a steady course of rate increases over the n…
Nikkei hits 27-year high on strong dollar, Wall Street gains
Japan’s Nikkei hit a 27-year high on Friday, taking heart from a boost for the dollar after the Federal Reserve chairman said he did not expect a near-term recession, and strong gains on Wall Street overnight.
Jeff Bezos’ Blue Origin to supply engines for Vulcan rocket
Blue Origin, the space company founded by Amazon.com Inc Chief Executive Officer Jeff Bezos, has won a contract to supply engines for United Launch Alliance’s massive Vulcan rocket, the companies said on Thursday.
SEC sues Musk for fraud, seek to remove him from Tesla
The U.S. Securities and Exchange Commission on Thursday accused Tesla Inc Chief Executive Elon Musk of fraud and sought to remove him from his role in charge of the electric car company, saying he made a series of “false and misleading” tweets about p…
Asian shares edge up in early trade after Wall Street gains
Shares in Asia inched higher on Friday, following gains on Wall Street overnight after news of robust U.S. economic growth, with the chairman of the Federal Reserve saying the United States does not face a large chance of near-term recession.
Fast food fashion: Yum China’s plan to get Pizza Hut back in vogue
In a Shanghai bistro, surrounded by brass trimmed lamps and Italian marble, models and Chinese stars sported outfits of black, white and electric purple, the signature colors of veteran American fashion designer Anna Sui.
