VW, China partners to recall 4.86 mln vehicles over Takata air bags: watchdog
BEIJING/SHANGHAI (Reuters) – Volkswagen AG and its Chinese joint ventures FAW-Volkswagen and SAIC Volkswagen will recall 4.86 million vehicles due to issues with air bags supplied by bankrupt auto parts maker Takata Corp, China’s quality watchdog said…
Toshiba says Western Digital overstates its rights over chip business
TOKYO (Reuters) – Toshiba Corp said business partner Western Digital Corp overstated its rights over a chip business unit that the Japanese conglomerate was trying to sell, showing the two sides remained at loggerheads over the $18 billion auction.
Asia stocks ease from decade high as China posts rare data miss
TOKYO (Reuters) – Asian stocks inched down from 10-year highs on Thursday following a burst of Chinese data which was largely weaker than markets expected, while the dollar held steady ahead of U.S. inflation data due later in the day.
Asia stocks steady, soft China data taken in stride
TOKYO (Reuters) – Asian stocks held steady on Thursday, consolidating after touching their highest in a decade and appeared to take in stride a burst of Chinese data which undershot market expectations.
Kia Motors hires ex-BMW designer as style head
SEOUL (Reuters) – Kia Motors Corp has hired as its head of styling Pierre Leclercq, a former designer at BMW and Great Wall Motor , in a move expected to help the South Korean automaker reverse its fortunes in its top market China.
Musk now targets October to unveil Tesla semi truck
(Reuters) – Tesla Inc Chief Executive Elon Musk said the electric carmaker is tentatively scheduled to unveil its planned semi-truck in late October, about a month later than the billionaire had earlier estimated.
Trump bars Chinese-backed firm from buying U.S. chipmaker Lattice
(Reuters) – U.S. President Donald Trump blocked a Chinese-backed private equity firm from buying a U.S.-based chipmaker on Wednesday, sending a clear signal to Beijing that Washington will oppose takeover deals that involve technologies with potential …
Exclusive: Billionaire founder fights back for control of Japan’s Universal
TOKYO/NEW YORK (Reuters) – Nearly three months after his ouster from the board at Universal Entertainment Corp , billionaire Kazuo Okada is fighting back to try to regain control of the $2.2 billion Japanese gaming group.
Asia stocks consolidate after touching decade highs, dollar steady
TOKYO (Reuters) – Asian stocks edged down on Thursday, consolidating after touching their highest in a decade, while the dollar held steady before the U.S. inflation report for August is published.
Barclays wins end to U.S. litigation over pre-crisis disclosures
NEW YORK (Reuters) – Barclays Plc won the dismissal on Wednesday of U.S. class-action litigation by investors who bought its stock just months before the 2008 global financial crisis, and accused it of concealing its exposure to risky debt and an inab…
