Ford expands recall of vehicles with defective Takata airbags
(Reuters) – Ford Motor Co said it would recall more vehicles fitted with defective airbag inflators made by Japan’s Takata Corp , taking the total number of vehicles recalled in North America so far to about 1.9 million.
Japan’s SoftBank plans to sell $7.9 billion in Alibaba stock to cut debt
(Reuters) – SoftBank Group Corp said it will sell at least $7.9 billion of shares in Alibaba Group Holding Ltd – a move that will cut the Japanese firm’s debt amid worries about losses at its U.S. telecoms unit Sprint Corp.
Japan PM delays sales tax hike, puts fiscal reform on back burner
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe announced on Wednesday his widely expected decision to delay a scheduled sales tax increase by two-and-a-half years, putting his plans for fiscal reforms on the back burner due to growing signs of we…
China’s banks ramp up compliance as global push hits snags
BEIJING (Reuters) – China’s biggest banks are beefing up their risk management and compliance programs, following a series of high-profile judicial investigations and regulatory probes in the United States and Europe.
Governments must boost spending to escape ‘low-growth trap’: OECD
PARIS (Reuters) – Ensnared in a “low-growth trap”, the world economy will meander along at its slowest pace since the financial crisis for a second year in a row in 2016, the OECD forecast on Wednesday, urging governments to boost spending.
Airbus CEO vows to solve problems with A400M in near future
BERLIN (Reuters) – Airbus Group Chief Executive Tom Enders said on Wednesday the company would solve the problems with its A400M transport plane that have resulted in production delays.
Gulf OPEC members eye joint action on oil output – source
VIENNA (Reuters) – Gulf OPEC countries are seeking coordinated action by the producer group to help stabilize oil markets, a senior OPEC source told Reuters.
Toyota recalls 490,000 vehicles in Japan, other regions over airbags
TOKYO (Reuters) – Toyota Motor Corp said on Tuesday it was recalling a total of about 490,000 vehicles in Japan, China, Europe and other regions over potentially faulty air bag inflators produced by Takata Corp, further widening a massive global recall…
U.S. court rules $24.9 billion Dell buyout underpriced by 22 percent
WILMINGTON, Del (Reuters) – Michael Dell and Silver Lake Partners underpriced their 2013 $24.9 billion buyout of Dell Inc by about 22 percent and may have to pay tens of millions to investors who opposed the deal for the computer maker, a Delaware judg…
Apple plans to sell $1 billion of 30-year bonds in Taiwan – sources
TAIPEI (Reuters) – Apple Inc plans to issue bonds in Taiwan for the first time with the aim of raising $1 billion, sources familiar with the matter said, joining a queue of big global names that have sold billions of dollars on the island’s busy debt m…
