ECB tells banks to set aside more cash on bad loans
FRANKFURT (Reuters) – The European Central Bank will ask euro zone banks from next year to set aside more cash to cover newly classified bad loans and may also present additional measures to tackle the sector’s huge stock of bad debt, it said on Wednes…
U.S. pressing India to avoid capping medical device prices, allow withdrawals
NEW DELHI (Reuters) – The United States is pressing India not to extend price caps on medical devices and wants New Delhi to allow firms to withdraw products from the market if they do not wish to sell at government determined rates, a U.S. trade offic…
Japan transport ministry raids two Nissan plants over improper checks
TOKYO (Reuters) – Japan’s transport ministry said on Wednesday it had carried out spot inspections at two plants producing Nissan Motor Co Ltd vehicles as part of a probe into final checks, days after irregularities forced the automaker to recall 1.2 …
Hong Kong, Japanese stocks boost Asia on optimism over global growth
SYDNEY (Reuters) – Japanese and Hong Kong shares led Asian stocks higher on Wednesday, supported by optimism about global growth and as the Chinese central bank’s weekend move to free up liquidity boosted mainland financial stocks.
Japan transport ministry says raided two Nissan plants over improper checks
TOKYO (Reuters) – Japan’s Transport Ministry said on Wednesday it had conducted raids at two plants producing Nissan Motor Co cars, in addition to four checks performed last week as part of a probe into unauthorized vehicle inspections.
Divided Uber board reaches peace with SoftBank, governance deal
SAN FRANCISCO (Reuters) – Uber Technologies Inc’s [UBER.UL] fractured board declared peace on Tuesday, attempting to put months of strife behind it by unanimously passing a series of measures to shore up corporate governance, bring in major investor So…
Japanese shares scale two year peak on auto rally; dollar slips
SYDNEY (Reuters) – Japanese shares climbed on Wednesday led by auto stocks as U.S. demand for cars ballooned following damage from recent hurricanes, while the dollar traded cautiously amid speculation over the next head of the Federal Reserve.
Yahoo says all three billion accounts hacked in 2013 data theft
(Reuters) – Yahoo on Tuesday said that all 3 billion of its accounts were hacked in a 2013 data theft, tripling its earlier estimate of the size of the largest breach in history, in a disclosure that attorneys said sharply increased the legal exposure …
Uber board votes in favor of SoftBank deal, governance changes
SAN FRANCISCO (Reuters) – Uber Technologies Inc directors on Tuesday voted to allow Japan’s SoftBank Group to invest in the ride services company and approved a series of governance changes that increases the independence of the board and decreases the…
Bombardier dispute risks Northern Irish peace, Ireland to tell U.S.
DUBLIN (Reuters) – Ireland’s foreign minister will raise Dublin’s concerns over the impact a trade dispute between the United States and Canada’s Bombardier could have on Northern Ireland’s peace process when he meets Commerce Secretary Wilbur Ross thi…
