Japan transport ministry considering checks of cars, trains using Kobe Steel products: Kyodo
TOKYO (Reuters) – Japan’s transport ministry is considering convening a meeting to probe the safety of automobiles, trains and planes using products from scandal-hit Kobe Steel Ltd, Kyodo reported on Thursday.
Toshiba investigated by Japan’s securities watchdog: source
TOKYO (Reuters) – Japan’s securities watchdog is investigating Toshiba Corp’s accounting practices for the last business year to see if it properly handled the losses incurred by its U.S. nuclear unit Westinghouse, a source familiar with the matter to…
Asia stocks approach 10-year peak, unfazed by China GDP, dollar rises
TOKYO (Reuters) – Asian stocks rose to near decade highs on Thursday, continuing to ride on a global equities rally, while the dollar resumed its rise on the back of a spike in U.S. yields.
Special Report: Backroom battle imperils $230 million cryptocurrency venture
ZUG, Switzerland/NEW YORK (Reuters) – Just three months ago, a tech project called Tezos raised $232 million online in a wildly successful “initial coin offering,” in which new digital currency is parcelled out to buyers. At the time, it was the most m…
Asia stocks edge up, await China GDP, dollar rises as yields spike
TOKYO (Reuters) – Asian stocks inched up to near decade highs on Thursday, continuing to ride on a global equities rally, while the dollar resumed its rise on the back of a spike in U.S. yields.
U.S. diesel margins to drive refiner profits for third quarter and beyond
NEW YORK (Reuters) – U.S. refiners are set to blow past quarterly earnings expectations after margins surged to a two-year peak on the back of a crippling hurricane season that squeezed already tight gasoline and diesel supplies.
Dow ends above 23,000 for first time; IBM jumps
NEW YORK (Reuters) – The Dow Jones Industrial Average closed above 23,000 for the first time on Wednesday, driven by a jump in IBM after it hinted at a return to revenue growth.
ADP is already making changes Ackman wants: CEO
NEW YORK (Reuters) – Automatic Data Processing Inc is already making many of the changes activist shareholder William Ackman is advocating, but it will take time to see results, Chief Executive Officer Carlos Rodriguez said in an interview on Wednesday…
Exclusive: Baupost’s Klarman resists calls to wipe out Puerto Rico debt
BOSTON (Reuters) – Billionaire investor Seth Klarman on Wednesday resisted calls for Puerto Rico’s debt to be wiped out and said the island’s residents will be better off in the long run if obligations are honored.
Kenneth Chenault to step down as AmEx CEO after nearly 17 years
(Reuters) – American Express Co said its chairman and chief executive Kenneth Chenault would step down early next year, ending a nearly 17-year tenure at the helm of the No. 1 U.S. card issuer by spending.
