Kobe Steel crisis deepens as plant inspected for breach of industrial law
TOKYO (Reuters) – One of Kobe Steel Ltd’s copper plants was being inspected for a possible breach of industrial standards, the government said on Friday, while the company said it was investigating reports it continued shipping products after discover…
Australian car manufacturing ends as GM Holden closes plant
SYDNEY (Reuters) – Australia’s near 100-year automotive industry ended on Friday as GM Holden Ltd, a unit of U.S. carmaker General Motors Co , closed its plant in South Australia to move manufacturing to cheaper locations.
Asian shares, dollar gain after U.S. Senate passes budget plan
TOKYO (Reuters) – Asian shares and the dollar gained on Friday after the U.S. Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package without Democratic support.
In Kuroda’s face – researchers find ways to predict central bank changes
TOKYO (Reuters) – For decades, economists have tried to guess central bank policy direction by studying subtle changes in official language — now, researchers are finding new clues on policy, not in the words of central banker but in their faces.
Kobe Steel data fabrication continued after misconduct discovered: Nikkei
TOKYO (Reuters) – Data fabrication at Kobe Steel Ltd continued at its aluminum and steel unit after an internal investigation discovered the misconduct, the Nikkei newspaper reported on Friday.
Imprimis Pharma to take on Allergan’s Restasis with cheaper product
(Reuters) – Shares of Imprimis Pharmaceuticals Inc sky-rocketed as much as 91 percent on Thursday, after the company said it would launch a cheaper alternative to Allergan Plc’s controversial dry eye drug, Restasis, by next month.
Asian shares perk up after U.S. Senate passes budget plan
TOKYO (Reuters) – Asian shares shrugged off early sluggishness and gained on Friday, and the dollar rose after the U.S. Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package witho…
Ackman urges ADP to consider acquiring Ceridian amid proxy fight
BOSTON (Reuters) – Activist investor William Ackman, currently battling for board seats at Automatic Data Processing Inc , on Thursday said the human resource software company should buy rival Ceridian, in a move that could woo customers with a better …
Japan government wants to get actively involved in Kobe Steel issue: trade minister
TOKYO (Reuters) – The Japanese government wants to get actively involved in the issue of Kobe Steel’s data fabrications, Hiroshige Seko, the minister of economy, trade and industry, said on Friday.
Singapore Airlines to finalize $13.8 billion Boeing order next week
SINGAPORE (Reuters) – Singapore Airlines Ltd said on Friday it will finalize an order for 39 Boeing Co aircraft worth $13.8 billion at list prices when Singaporean Prime Minister Lee Hsien Loong visits Washington D.C. next week.
