Takata should file for bankruptcy protection, all five bidders say: sources
TOKYO (Reuters) – All five bidders seeking to bail out Japan’s beleaguered Takata Corp have presented restructuring plans that require the air bag maker to file for bankruptcy protection, people with knowledge of the process told Reuters.
Japan conglomerates seek to merge loss-making nuclear fuel operations: sources
TOKYO (Reuters) – Three Japanese conglomerates are in talks to combine their loss-making domestic nuclear fuel operations, people with direct knowledge of the matter said, as the outlook for restarts of reactors following the Fukushima nuclear crisis r…
Seoul court denies arrest warrant for Lotte Group chairman; corruption probe continues
SEOUL (Reuters) – A South Korean court rejected a request by prosecutors for a warrant to arrest Lotte Group Chairman Shin Dong-bin in the latest twist in a wide-ranging corruption probe that has convulsed the country’s fifth-largest family-run conglom…
Fed, BOJ add shine to risk-parity strategy
NEW YORK (Reuters) – The Federal Reserve and Bank of Japan’s actions last week have given a second wind to an alternative investment strategy that relies on cheap money and low market volatility to produce outsized returns.
Peugeot targets 150,000 vehicle sales in Iran in second half
PARIS (Reuters) – PSA Peugeot Citroen said it plans to sell more than 150,000 Peugeot vehicles in Iran in the second half of this year as the French carmaker seeks to reclaim the leading position it once enjoyed in the country.
UBS CEO says clients remained risk averse in third-quarter
ZURICH (Reuters) – UBS Chief Executive Sergio Ermotti said on Thursday political uncertainty and concerns over global growth meant clients remained cautious about the market in the third quarter.
Novo Nordisk to ax 1,000 jobs in cost-cutting drive
COPENHAGEN (Reuters) – The world’s largest insulin maker, Novo Nordisk, is cutting 1,000 jobs as a part of a plan to reduce costs as it faces a challenging environment in 2017, especially in the large U.S. market, the company said on Thursday.
VW brand CEO expects 2016 auto sales to grow year-over-year
PARIS (Reuters) – Volkswagen expects sales of its VW-branded cars to rise this year, brand chief Herbert Diess said on Thursday at the Paris car show.
Samsung expects to get over 80 percent of recalled Note 7s in South Korea by October 1
SEOUL (Reuters) – Samsung Electronics Co Ltd said on Thursday it expects to have recovered more than 80 percent of recalled Galaxy Note 7 smartphones sold in South Korea by Oct. 1, when the firm plans to resume sales of the device in its home market.
Fed’s primal divide: Is economy overheating or stuck in a rut?
ST. LOUIS (Reuters) – Investors may be expecting a U.S. interest rate increase in December, but Federal Reserve policymakers remain divided over whether the economy is mired in a rut, strong enough to withstand an immediate hike or hovering somewhere i…
