Exclusive: Toyota plans to roll into China’s EV market in GAC Motor vehicle
BEIJING (Reuters) – Toyota Motor Corp is taking an unprecedented route to meet China’s stringent green car quotas: its showrooms will sell an electric vehicle without the Japanese company’s distinctive triple-oval logo.
Australia’s Westpac hires complaints head amid damaging inquiry
SYDNEY (Reuters) – No. 2 Australian lender Westpac Banking Corp said on Friday it had been “too slow” to resolve customer complaints and had created an executive role to handle them, as the country’s financial sector responds to revelations of serious…
Asia stocks edge higher, investors cautious on U.S.-China trade talks
TOKYO (Reuters) – Asian stocks edged up on Friday as investors kept a cautious watch on developments in U.S.-China trade negotiations, with the dollar perched near a five-month peak after the benchmark U.S. Treasury yield hit its highest in seven year…
Oil steady on OPEC cuts, strong demand and looming Iran sanctions
SINGAPORE (Reuters) – Oil prices held firm on Friday on strong demand, ongoing supply cuts led by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran.
China offering Trump package to slash U.S. trade deficit, officials say
WASHINGTON (Reuters) – China is offering U.S. President Donald Trump a package of trade concessions and increased purchases of American goods aimed at cutting the U.S. trade deficit with China by up to $200 billion a year, U.S. officials familiar with …
Elon Musk brings technology charm offensive to Los Angeles tunnel plan
LOS ANGELES (Reuters) – Billionaire entrepreneur Elon Musk is bringing his technology charm offensive to an attempt at digging a tunnel beneath part of Los Angeles to test designs for a high-speed subterranean transportation network he envisions for th…
Asia stocks edge up, investors cautious on U.S.-China trade talks
TOKYO (Reuters) – Asian stocks edged up on Friday as investors kept a cautious watch on developments in U.S.-China trade negotiations, while the dollar was perched near a five-month peak against a basket of currencies thanks to the benchmark U.S. Treas…
China offers Trump package to slash U.S. trade deficit: officials
WASHINGTON (Reuters) – China has offered U.S. President Donald Trump a package of proposed purchases of American goods and other measures aimed at reducing the U.S. trade deficit with China by some $200 billion a year, U.S. officials familiar with the …
CBS votes to end Redstone control, needs court approval
(Reuters) – CBS Corp’s board on Thursday voted to end Shari Redstone’s control of the company, a move aimed at stopping a merger between CBS and sister company Viacom Inc and which will require approval by a Delaware court.
Appaloosa gets permission for activist stance with Allergan stake
NEW YORK (Reuters) – David Tepper’s Appaloosa Management and two of his funds received Federal Trade Commission clearance earlier this week that could clear the way for the billionaire to become an activist investor in drugmaker Allergan Plc.
