Exclusive: Canada pushed for Airbus deal as Bombardier courted China
MONTREAL/PARIS (Reuters) – The Canadian government encouraged Bombardier to make a deal with Airbus SE for its CSeries planes to thwart a potential venture with Chinese investors, according to five sources familiar with the matter.
Goldman plans private equity expansion to help offset trading funk
NEW YORK (Reuters) – Goldman Sachs Group Inc is ramping up its private-equity investments and going after smaller, high-growth targets as part of a broad plan to offset recent trading declines, three people familiar with the effort told Reuters.
Honda to add compact EVs in Japan in 2020, cost hurdles remain: CEO
TOKYO (Reuters) – Honda Motor Co said on Wednesday it would begin selling compact electric vehicles (EVs) in Japan in 2020 following a release in Europe in 2019, but its chief executive said it remained a tough business.
Republicans, Wall Street score victory in dismantling class-action rule
WASHINGTON (Reuters) – Banks, credit card issuers and other financial companies will be able to block customers from banding together to sue over disputes, after the U.S. Senate on Tuesday narrowly killed a rule banning the firms from using “forced arb…
Asian shares edge up, Nikkei aims for 17th straight gain
TOKYO (Reuters) – Asian shares edged higher on Wednesday, while U.S. Treasury yields and the dollar got a lift following a report that Republican senators were leaning towards John Taylor to be the next Federal Reserve chief.
Smithfield Foods goes online to sell U.S. pork in China
BEIJING (Reuters) – The world’s largest pork company WH Group Ltd said on Tuesday its U.S. subsidiary, Smithfield Foods [SFII.UL], will for the first time sell its U.S.-produced pork online in China, via online retailer JD.com Inc.
Asian shares flat, Nikkei aims for 17th straight gain
TOKYO (Reuters) – Asian shares trod water in early trade on Wednesday, while U.S. Treasury yields and the dollar got a lift following a report Republican senators were leaning towards John Taylor to be the next Federal Reserve chief.
Hudson’s Bay to sell Lord & Taylor Fifth Ave building
(Reuters) – Canadian department store operator Hudson’s Bay Co (HBC) agreed to sell its Lord & Taylor flagship building in New York for $850 million to WeWork Cos, in what may be a step toward easing tensions with activist investor Jonathan Litt.
Toyota: Committed to hydrogen cars despite potential ‘game changer’ EV battery
TOKYO (Reuters) – Toyota Motor Corp said its solid-state battery technology under development could be a “game changer” for electric vehicles, but that does not mean it is moving away from hydrogen-powered fuel-cell vehicles.
With new technology, Mazda gives spark to gasoline engine
HIROSHIMA, Japan (Reuters) – In the high-stakes, high-cost battle among global automakers to develop ever more efficient vehicles, one of the biggest breakthroughs in internal combustion engine technology in years looks to be coming from one of the ind…
