Exclusive: Japan secures extra cost cuts on U.S. F-35 fighter jet package – sources
TOKYO (Reuters) – Tokyo has secured cost cuts on support equipment for its next batch of six U.S. F-35 stealth fighter aircraft of around $100 million, according to sources and Japanese budget papers, on top of savings being finalised for all buyers of…
With new hybrid, Nissan offers cheaper route to electric cars
YOKOHAMA, Japan (Reuters) – Nissan Motor Co has taken a step back into gasoline hybrids with its Note e-Power model, which the Japanese automaker hopes will act as a gateway for drivers who will later shift to all-electric cars.
BMW says will stick to investment plans despite Trump threats
BOCHUM, Germany (Reuters) – Germany’s BMW will stick to its investment plans for Mexico and the United States despite warnings from President Donald Trump to impose border taxes on cars imported into the United States, the luxury carmaker’s CEO said.
Savaged dollar steadies ahead of Fed, stocks rise
LONDON (Reuters) – World stocks made their first gain in five days on Wednesday as the dollar steadied from turbulence after the Trump administration accused Germany, Japan and China of devaluing their currencies to gain a trade advantage.
U.S. small business borrowing rose slightly in December
(Reuters) – Small U.S. firms borrowed slightly more in December than in the prior month, data released on Wednesday showed, but more were repaying existing loans late, suggesting that default rates may rise this year.
Japan’s Takeda committed to single-digit U.S. drug price rises
TOKYO (Reuters) – Japan’s largest drugmaker, Takeda Pharmaceuticals Co, on Wednesday said it would maintain its pricing model in the U.S. market, brushing off demands by U.S. President Donald Trump for drugmakers to offer cheaper drugs.
Oil prices stabilize as Russia joins OPEC in production cut
SINGAPORE (Reuters) – Oil steadied on Wednesday as Russia joined OPEC in cutting production to try to balance the market, although plentiful supply in places such as the United States dragged on prices.
Fed’s message on portfolio trimming: prepare, don’t fret
SAN FRANCISCO/NEW YORK (Reuters) – Federal Reserve policymakers are putting markets on notice that the central bank’s $4.5 trillion balance sheet is back on the agenda in an apparent effort to give investors time to prepare for changes rather than to s…
Amazon to spend $1.49 billion on air cargo hub, fans talk of bigger ambitions
SAN FRANCISCO (Reuters) – Amazon.com Inc plans to invest $1.49 billion to build a large air cargo hub in northern Kentucky, state officials said on Tuesday, stoking expectations it may one day opt to directly compete with FedEx Corp and United Parcel S…
Siemens proposes former SAP boss Snabe as next chairman
MUNICH, Germany (Reuters) – Top European engineering group Siemens proposed former SAP co-chief executive Jim Hagemann Snabe as its next chairman ahead of its annual shareholder meeting on Wednesday.
