Tesla China chief unveils aggressive growth plan for China
BEIJING (Reuters) – U.S. electric carmaker Tesla Motors Inc expects its China sales to contribute one third of global sales growth this year, a senior executive said, adding that a trademark issue stalling full-entry into China had been resolved.
BOJ shouldn’t ease more while inflation hopes intact: IMF’s Shinohara
TOKYO (Reuters) – The Bank of Japan should steer clear of further monetary easing as long as inflation expectations are on the rise, even though its 2 percent price goal is unlikely to be met in two years, a senior International Monetary Fund official …
Exclusive: Pentagon report faults F-35 on software, reliability
WASHINGTON (Reuters) – A new U.S. Defense Department report warns that ongoing software, maintenance and reliability problems with Lockheed Martin Corp’s F-35 stealth fighter could delay the Marine Corps’ plans to start using its F-35 jets by mid-2015….
India’s Ranbaxy hit by FDA product ban at 4th Indian plant
WASHINGTON/MUMBAI (Reuters) – Indian drugmaker Ranbaxy Laboratories Ltd faces long delays and high costs in launching big-selling generic drugs in the United States after products from a fourth plant were banned from entering its main market due to man…
Samsung Electronics fourth-quarter profit sags
SEOUL (Reuters) – Samsung Electronics Co Ltd posted its first decline in quarterly profit in two years, hit by one-off special bonus as well as slowing smartphone sales as it braces for a year of tougher competition with rival Apple Inc.
Lufthansa seeks injunction against air traffic control strike
FRANKFURT (Reuters) – Deutsche Lufthansa is seeking a temporary injunction against a one-hour strike called by German air traffic controllers for January 29, a spokesman for Germany’s largest airline said on Friday.
Online lender settles New York lawsuit amid crackdown on massive ‘payday’ loans
NEW YORK (Reuters) – U.S. online lender Western Sky Financial LLC has agreed to pay a $1.5 million penalty and provide refunds to New York borrowers on loans for which it charged interest rates as high as 355 percent, the New York attorney general said…
China’s ICBC says will help repay investors in troubled shadow-banking scheme
SHANGHAI (Reuters) – China’s top lender will help bail out investors in a troubled high-yield investment scheme, local media said on Friday, in a move that risks reinforcing the view among Chinese savers they are effectively insured against poor invest…
Lenovo to buy IBM’s low-end server unit for $2.3 billion
(Reuters) – Chinese PC maker Lenovo Group Ltd has agreed to buy International Business Machine Corp’s low-end server business for $2.3 billion in what would be China’s biggest technology deal.
Analysis: Pimco’s Gross problem: who can succeed the ‘Bond King’?
BOSTON (Reuters) – When Pimco co-founder Bill Gross’ heir apparent abruptly stepped down this week, the news illustrated just how reliant the company is on its star manager, an uncomfortable fact for investors who worry the 69-year-old has not done eno…
