Mitsubishi Material’s unit head quits over data falsification scandal
TOKYO (Reuters) – The head of a unit at Mitsubishi Materials Corp has resigned following a data falsification scandal, the subsidiary announced on Friday.
Asian shares, dollar pare gains after US tax bill vote delayed
TOKYO (Reuters) – Asian shares and the dollar rose modestly early on Friday in the wake of Wall Street’s advances, but those gains were pared as investors awaited the U.S. Senate’s vote on tax reform legislation.
RBS axes further 259 British branches as expands e-banking
LONDON (Reuters) – British state-owned Royal Bank of Scotland (RBS) said on Friday it will close 259 branches and cut 680 jobs as it reduces costs and encourages customers to use online and mobile services.
Nissan’s Japan car sales slide for second month after compliance scandal
TOKYO (Reuters) – Nissan Motor Co’s sales of domestic passenger cars fell by almost half in November – its second straight month of slides in the wake of a compliance scandal and its first since it resumed production of cars for the home market.
At North Korean hub in China, uncertainty looms for Pyongyang-backed businesses
SHENYANG, China (Reuters) – North Korean-owned businesses such as the Chilbosan Hotel in Shenyang, the biggest city in northeastern China, face an uncertain future as United Nations sanctions against Pyongyang-owned overseas businesses loom.
Asian shares pare gains as vote on U.S. tax bill delayed
TOKYO (Reuters) – Asian shares and the dollar pared their modest gains on Friday, with risk appetites supported by advances on Wall Street but capped by concern as investors awaited the U.S. Senate’s vote on U.S. tax reform legislation.
Asian manufacturing buoyed by tech as focus shifts to regional rate hikes
HONG KONG (Reuters) – Asia’s major manufacturing economies saw their fastest expansion in factory activity in years last month, driven by robust demand for electronics and firming the case for central banks in the region to shift to tighter monetary po…
Toshiba, Western Digital nearing deal over chip unit sale dispute: media
TOKYO (Reuters) – Toshiba Corp and Western Digital Corp are close to settling a legal dispute that has threatened to become a major stumbling block in the embattled Japanese conglomerate’s plans to sell its $18 billion semiconductor unit, media repor…
GM venture to recall nearly a million vehicles in China: quality watchdog
BEIJING (Reuters) – One of General Motors Co’s China ventures will recall nearly a million vehicles due to fuel tank problems, the country’s quality watchdog said on Friday, the latest in a spate of major auto recalls in China over the last few months…
Asian manufacturing expands further, but China remains a risk
HONG KONG (Reuters) – Asia’s major manufacturing economies saw their fastest expansion in factory activity in years last month, driven by robust demand for electronics and firming the case for central banks in the region to shift to tighter monetary po…
