Japan’s Takata still tallying costs of air bag recall
TOKYO (Reuters) – Japanese auto parts maker Takata Corp could face a $500 million charge and a net loss this year – its second in three years – as a widening recall of air bag inflators begins to raise worries despite its deep pockets.
It’s Asian bonds, not equities, that are too rich
SINGAPORE (Reuters) – An unusual parallel rally in Asian bonds and equities, powered for the last five years by cheap global funds, could give out soon with debt becoming a casualty of the increasing confidence in the outlook for global growth.
Glencore appoints first female board director
LONDON (Reuters) – Glencore , the last British blue-chip company with an all male board, has appointed Patrice Merrin as its first female board director.
Japan shares to gain on U.S. recovery, Abe’s reforms
TOKYO (Reuters) – Japan’s Nikkei stock index will gain about 11 percent by year end as stronger-than-expected domestic consumption offsets the impact of a sales tax hike and a recovering U.S. economy lifts sentiment, a Reuters poll found.
China finds $15 billion of loans tied to falsified gold deals
SHANGHAI (Reuters) – Chinese gold processing firms have since 2012 used falsified gold transactions to borrow 94.4 billion yuan ($15.2 billion) from banks, the country’s chief auditor said.
China finds $15 billion of loans tied to falsified gold deals
SHANGHAI (Reuters) – Chinese gold processing firms have since 2012 used falsified gold transactions to borrow 94.4 billion yuan ($15.2 billion) from banks, the country’s chief auditor said.
Daimler and Nissan approve joint Mexico production: sources
PARIS/STUTTGART (Reuters) – Daimler and Nissan have finalized a joint venture deal to build future Mercedes and Infiniti compact cars in Mexico, sources with knowledge of the matter said on Thursday as the automakers called a news conference to unveil …
Barclays shares fall after New York lawsuit
LONDON (Reuters) – Barclays’ shares fell on Thursday, making the stock the worst-performer in percentage terms on the UK’s main equity index, after the New York Attorney General filed a securities fraud lawsuit against the bank.
Testing U.S. crude oil export ban with swaps no simple matter
WASHINGTON (Reuters) – Oil producers considering swapping U.S. light crude abroad for the heavier imported oil needed by refiners to work around a decades-old ban on exporting domestic crude may find the strategy harder to execute than it looks on pape…
Bond insurer Syncora is stubborn city rival in Detroit’s bankruptcy
(Reuters) – Bond insurer Syncora Guarantee Inc has emerged as Detroit’s chief nemesis in the city’s historic bankruptcy case and is fighting as if its financial life depends on a decent recovery on its $400 million exposure to the city.
