An Asian investor’s haven for U.S. elections: yen and a basket of arms
SINGAPORE (Reuters) – No matter who wins the race for the White House, markets are betting on one truly safe investment, and that is the currency of a country with bleak economic prospects – Japan.
The election ate their homework? CEOs blame campaign for weakness
NEW YORK (Reuters) – Apparently, Americans are too distracted or distraught by this year’s wild presidential campaign to think about getting a dishwasher, buying an RV or opening a doughnut shop. And the topsy-turvy race could be crimping furniture sal…
Toyota, in about-face, may mass-produce long-range electric cars: Nikkei
TOKYO (Reuters) – Toyota Motor Corp is looking at mass-producing long-range electric vehicles (EVs) that would hit the market around 2020, the Nikkei newspaper reported on Monday, in what would be a dramatic reversal of strategy for the world’s top-se…
Potential bidders for Takata may balk at GM bankruptcy precedent
WILMINGTON, Del. (Reuters) – As auto supplier Takata Corp prepares for a possible U.S. bankruptcy filing, potential bidders are poring over a recent U.S. court ruling that could expose a buyer to liability for the company’s defective air bags, sources…
Dentsu raided again by Japan’s labor ministry over suspected violations
TOKYO (Reuters) – Dentsu Inc , Japan’s largest advertising agency, said its offices were raided by the Labor Ministry on Monday – raids that local broadcaster NHK said were prompted by suspicion that several workers had been forced to work long hours i…
U.S. in tariff probe of Chinese steel sent through Vietnam: WSJ
(Reuters) – The U.S. Commerce Department is expected to launch a formal investigation on Monday into whether Chinese companies shipped steel through Vietnam to avoid import tariffs, the Wall Street Journal reported on Sunday, citing a person familiar w…
U.S. stock futures surge after Clinton cleared by FBI
NEW YORK (Reuters) – U.S. equity index futures rallied at the open on Sunday as bullish sentiment returned to Wall Street following the largest streak of losses on the S&P 500 since 1980.
Mexico peso jumps after FBI clears Clinton over emails ahead of election
MEXICO CITY (Reuters) – Mexico’s peso jumped on Sunday after the FBI announced it stood by a previous decision to not charge Democratic candidate Hillary Clinton over emails related to her private server, a decision that comes just two days before the …
After $195 million in talc verdicts, J&J strives to change court
(Reuters) – After a $67.5 million jury verdict against Johnson & Johnson on Oct. 27 marked its third straight trial defeat in an onslaught of lawsuits claiming its talc-based products cause ovarian cancer, the company is hoping to reverse the trend by having the cases heard in a different court.
Volkswagen emissions scandal deepens as prosecutors probe chairman
FRANKFURT (Reuters) – German prosecutors have widened an inquiry into suspected market manipulation by managers at Volkswagen to include the carmaker’s supervisory board Chairman Hans Dieter Poetsch, VW said on Sunday.
