Japan’s Kirin cashes out of Amgen drug joint venture
TOKYO (Reuters) – Japan’s Kirin Holdings Co Ltd said on Tuesday it would sell its share in a pharmaceutical research joint venture with California-based drugmaker Amgen Inc for $780 million.
U.S. business group worries Trump unprepared for commercial talks with China
BEIJING (Reuters) – A top U.S. business lobby in China said on Tuesday it was concerned U.S. President Donald Trump’s administration was not making sufficient preparation for talks on imbalances in the bilateral economic relationship ahead of his Novem…
Nissan’s October passenger car sales in Japan likely halved amid scandal
TOKYO (Reuters) – Nissan Motor Co said Japan sales of new passenger vehicles probably fell by half in October from a year ago after the discovery of improper final inspection procedures at its domestic plants caused it to suspend some production.
Airbus legal risks spread to U.S., eclipsing third-quarter profit
PARIS (Reuters) – Airbus said on Tuesday it had uncovered problems involving the use of sales agents to sell U.S. arms technology, dragging the United States for the first time into a growing corruption scandal at Europe’s largest aerospace firm.
Google ditched autopilot driving feature after test user napped behind wheel
ATWATER, Calif. (Reuters) – Alphabet Inc’s self-driving car unit stopped developing features that required drivers to take control in dangerous situations, its chief executive said Monday, as autopilot reliance left users prone to distractions and ill…
Samsung Electronics names new-generation leaders as profit soars
SEOUL (Reuters) – South Korean technology giant Samsung Electronics Co Ltd named a new generation of top managers on Tuesday and promised to reward shareholders with $26 billion in payouts to 2020, as it reported record third-quarter profit.
Asia gains as South Korea hits record high, dollar sags on White House woes
TOKYO (Reuters) – Asian stocks mostly rose on Tuesday, shaking off downbeat factory readings out of China, while the dollar sagged after investigators probing Russian interference in the 2016 U.S. election charged President Donald Trump’s former campai…
Australia’s Westpac was a lead actor in rates rigging, regulator tells court
MELBOURNE (Reuters) – The Australian corporate regulator accused Westpac Banking Corp of playing a leading role in the widespread manipulation of an important financial trading rate as it took the country’s No. 2 lender to court on Tuesday.
China-backed buyout fund founder charged in U.S. insider trading case
SAN FRANCISCO (Reuters) – The founder of a private equity firm with Chinese state backing has been charged with insider trading related to the attempted acquisition of Lattice Semiconductor Corp , U.S. authorities said on Monday.
Samsung Electronics to boost returns after record third-quarter profit
SEOUL (Reuters) – South Korean technology giant Samsung Electronics Co Ltd promised to return $26 billion to shareholders over the next three years as it reported record third-quarter profit on the back of the global boom in memory chips.
