Kobe Steel says Tokyo prosecutors have indicted company over data tampering scandal
Kobe Steel Ltd, Japan’s third-biggest steelmaker, said on Thursday it has been indicted by prosecutors over a data tampering scandal that shook the company and faith in Japanese manufacturing prowess last year.
Forcing China on trade with illegal action will not work: EU’s Malmstrom
The United States and the European Union should work together to reform the World Trade Organization and illegal action will not work to solve issues in international trade, EU Trade Commissioner Cecilia Malmstrom said on Thursday
Thyssenkrupp investor Elliott demands appointment of new ‘external’ CEO
Thyssenkrupp should replace Guido Kerkhoff as chief executive with a new external candidate, activist investor Elliott Associates told the company’s supervisory board as it pressed its case for a change of leadership and strategy.
China says U.S. blaming Xi for blocking trade deal is ‘bogus’
China said on Thursday comments made by a senior White House official blaming Chinese President Xi Jinping for blocking progress on a deal to avert a trade war were “shocking” and “bogus” accusations.
Airbus says unnamed buyer signs provisional deal for 10 A320neo
Airbus said on Thursday it had won a provisional order from an undisclosed customer for 10 A320neo planes worth $1.1 billion at list prices.
EU mulls coal, pharma, chemicals tariffs if U.S. hits cars: Wiwo
The European Union will consider introducing tariffs on coal, pharmaceuticals and chemical products from the United States if President Donald Trump imposes restrictions on European cars, Germany’s Wirtschaftswoche magazine reported on Thursday.
Fiat Chrysler CEO could miss second quarter presentation: media
Fiat Chrysler CEO Sergio Marchionne, who is recovering from a shoulder operation, may not be present to discuss the company’s second-quarter earnings with analysts on July 25, Italian website Lettera43 said, without attributing the information.
Asian shares struggle as trade worries offset gains from Wall Street earnings
Asian shares on Thursday struggled to hold earlier gains made after upbeat Wall Street earnings, as trade war jitters rattled China’s stock and currency markets, with the yuan hitting fresh one-year lows.
Amazon hands goodwill to eBay with move to shut Australians out of overseas sites
Australian home entertainment installer Paul Boon has relied for years on Amazon.com Inc’s U.S. website for cheap wall racks and other parts to keep his costs down.
SoftBank’s Son says Japan is ‘stupid’ for not allowing ride-sharing
SoftBank Group Corp Chief Executive Masayoshi Son slammed on Thursday the Japanese government’s ride-sharing ban and said the country had fallen behind overseas rivals in areas such as artificial intelligence and fintech.
