EU asks WTO to certify it has removed Airbus subsidies
The European Union has asked the World Trade Organization to certify that it has complied with WTO rulings on its subsidies for planemaker Airbus, attempting to forestall billions of dollars of U.S. sanctions, a document published by the WTO showed on …
Honda to recall 96,900 SUVs in China, runs checks on two models
Honda Motor Co on Monday said it will recall 96,900 Avancier sport utility vehicles (SUVs) in China, due to a cold-climate engine problem that has already led to hundreds of thousands of its vehicles being recalled earlier this year.
Vietnam jails former bankers in graft crackdown
A court in Vietnam handed lengthy prison terms on Monday to several former bankers accused of mismanagement, amid a crackdown on corruption in the communist-ruled country.
Oil gains after monthly Saudi output shows surprise drop
Oil rose on Monday after Saudi crude production registered an unexpected decline in July and U.S. drilling appeared to slow, although the price is still almost 10 percent below its 2018 high of more than $80 a barrel.
Shares struggle as trade fears weigh on sentiment
European shares struggled on Monday as fears of the escalating U.S.-China trade conflict outweighed the boost to sentiment from Chinese authorities’ intervention last week to shore up its currency.
China’s Didi to invest $1 billion in its auto services platform
Didi Chuxing Technology, China’s largest ride-hailing service, said on Monday it will invest $1 billion in its auto services business, part of a larger unit rebranding as the company ramps up to a widely anticipated initial public offering (IPO).
BOJ’s architect of ‘shock and awe’ plots retreat from stimulus
More than five years into a radical plan to boost the world’s third-biggest economy, the Bank of Japan sent a message of quiet surrender last week, admitting it couldn’t stoke inflation and walking back steps intended to do so.
Linde shares drop as Praxair merger hits U.S. antitrust hurdle
Shares in Linde plunged more than 8 percent on Monday after the industrial gases group’s planned $87 billion merger with Praxair was put in doubt by demands from U.S. antitrust regulators.
Rising costs and U.S. settlement crimp HSBC’s first-half profit
HSBC Holdings Plc posted a small increase in first-half pretax profit, as rising expenses from investments in a new growth strategy and a $765 million settlement for alleged mis-selling of U.S. mortgage securities ate into higher revenues.
Haier sees costs spike at GE arm amid steel tariffs, U.S.-China trade spat
China’s Haier Group said rising steel prices amid hefty U.S. import tariffs was driving up costs for its business in America, and warned that consumers stood most to lose from a mounting trade spat between the world’s top two economies.
