Nissan Motor said on Monday it had improperly measured exhaust emissions and fuel economy for 19 vehicle models sold in Japan, the second case in less than a year where misconduct has been discovered in its inspection processes.
Major Chinese ports have started clearing goods from the United States on Monday, as new tariffs on U.S. imports have gone into effect, three sources told Reuters, as a trade spat between Beijing and Washington escalated into an outright war last Friday. Customs officers had delayed the clearance of some U.S. goods on Beijing’s penalty list last Friday, as they waited for official instructions from the central government on whether to start collecting the new import tariffs. Local customs at the port of Qingdao have let through American products they held up on Friday, and imposed higher tariffs …read more […]
Elon Musk has offered his assistance and has floated plans to save the soccer team stranded in a Thai cave network. Rescue efforts are already underway, however, and may be complete by the time Musk’s submarine arrives. A tiny submarine is on its way to Thailand, sent by Tesla CEO Elon Musk to help rescue the remaining members of a youth soccer team who are trapped in a cave. …read more […]
Major Chinese ports have started clearing goods from the United States on Monday, as new tariffs on U.S. imports have gone into effect, three sources told Reuters, as a trade spat between Beijing and Washington escalated into an outright war last Friday.
BMW plans to source 4 billion euros’ ($4.7 billion) worth of battery cells from Chinese battery maker Contemporary Amperex Technology Ltd (CATL) over the next few years, the carmaker’s purchasing head said on Monday.
Xiaomi Corp made a weak debut in Hong Kong on Monday, with the Chinese smartphone maker’s shares sliding as much as 6 percent on valuation concerns, in an ominous sign for its technology sector peers lining up listings in the city.
Saudi Arabian Airlines is exploring a potential order for Boeing 777X widebody jets, according to three sources familiar with the matter.
Saudi Aramco is more resilient to oil price slumps than its biggest listed rivals, its 2016 accounts indicate, giving a rare insight into the state energy giant’s finances ahead of a proposed flotation.
The Bank of Japan maintained its upbeat economic assessment for all nine regions of the country but some areas saw companies fret about rising costs from labor shortages, a sign that a tightening job market could constrain business activity.
Global planemakers could reap 900 orders and commitments at next week’s Farnborough Airshow, down only slightly from last year’s comparable event, as strong oil prices prompt airlines to add to their bulging order books, aviation consultancy IBA Group said.
Citigroup is boosting its operations in France ahead of Brexit with a series of senior appointments, according to an internal memo reviewed by Reuters on Monday.
Nissan Motor Co said on Monday it had discovered misconduct related to exhaust emissions and fuel economy measurements in final vehicle inspections at most of its factories in Japan.
Chinese exporters were scrambling Monday to cope with a plunge in U.S. sales while China’s state press shrugged off the impact of Washington’s tariff hikes in a spiraling technology dispute. The overall blow from Friday’s tariff hikes to the world’s second-largest economy should be limited, according to private sector analysts. The general manager of medical device exporter that depends on the United States for 15 to 20 percent of sales said he plans to fly there this week to negotiate with customers who stopped ordering its syringes and other equipment. …read more […]
Global shares hit a two-week high on Monday as favorable U.S. jobs data whetted risk appetites, while sterling brushed off the resignation of two ministers over Britain’s departure from the European Union as traders focused on the likelihood of a “soft Brexit”.
China’s share market and the yuan bounced on Monday despite heightened trade tensions between Washington and Beijing after each imposed major tariffs on the other’s goods last week and investors nervously watched for more policy action. Monday’s equities rally was seen driven by technical factors and government rhetoric to boost market confidence, but traders and analysts said the rise could be fleeting as a trade war with the United States will hit China’s economy and global growth. “The rally is in part due to marginal improvement in liquidity conditions…and also thanks to a ‘warm breeze’ from regulators and …read more […]
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