SAN FRANCISCO: Tesla Inc said on Wednesday its mass-market Model 3 sedan was on track for volume production by September, encouraging investors who see the electric vehicle as the avenue to profitability for the young company.
TOKYO: Tokyo stocks closed lower Tuesday as the yen strengthened, while Toshiba plunged eight percent after announcing it had requested a delay in filing its earnings report.
DUBAI: International Monetary Fund chief Christine Lagarde on Sunday voiced optimism for US economic growth under President Donald Trump but warned it could herald trouble for the rest of the world.
SEOUL: Samsung Group said it will disband its corporate strategy office after a special prosecution probe ends, setting a timeline on a pledge to wind up a power centre that has been criticised for its role in South Korea’s graft scandal.
TOKYO: Japanese video game maker Nintendo Co.’s third-quarter profit more than doubled from a year earlier on healthy sales of Pokemon game software, the company said Tuesday.
TOKYO: Japan on Friday logged its first annual consumer price decline in four years, underscoring the challenges facing Tokyo’s fight to rid the world’s number three economy of deflation.
SYDNEY: Australia said Tuesday it was working to recast the Trans-Pacific Partnership without the United States and opened the door for China to sign up after President Donald Trump ditched the huge trade pact.
KUALA LUMPUR: US President Donald Trump’s next move on trade policy will be crucial to the direction and future of global trade and economic activities, said MIDF Research.
HONG KONG: The dollar retreated against most of its peers Monday, with warnings of wild volatility ahead as Donald Trump began his presidency promising to put America first and hitting out at global trade deals.
HAVANA: Two firms signed a deal Thursday for the first commercial exports in half a century from Cuba to the United States, a new step in the countries’ historic rapprochement.
TOKYO: Nintendo shares dived almost five percent Friday, hours after the release of its latest mobile phone game and despite it topping download charts in several countries.
NEW YORK: World oil prices jumped Monday after non-OPEC producers struck a deal to cut output, while US and European stocks were subdued before a key Fed meeting this week.
VIENNA: OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries.
VIENNA: OPEC sought Wednesday to defy expectations and finalise a deal reducing its oil output for the first time in eight years, in an effort to boost painfully low crude prices.
SHANGHAI: China’s largest online travel agency Ctrip will buy British flight search app Skyscanner for $1.7 billion, the companies said, as it steps up its overseas ambitions.
KUALA LUMPUR: It is not the end of the Trans-Pacific Partnership Agreement (TPPA) yet, as investors are opting for a wait-and-see approach to President-Elect Donald Trump's actual moves in his first 100 days in the White House.
FRANKFURT AM MAIN: Volkswagen on Friday said it will cut 30,000 jobs at its own brand unit under a huge savings plan aimed at helping the German auto giant recover from the dieselgate emissions cheating scandal.
LONDON: A multi-billion-dollar Russian deal to buy Indian refiner Essar was nearly sunk at the eleventh hour by a rival bid from Saudi Arabia as the two oil superpowers vie for supremacy across the world.
TOKYO: Tokyo stocks opened higher on Tuesday as exporters extended gains with the yen dropping to its lowest level against the dollar in over five months.
KUALA LUMPUR: British Airways has launched an 'On Business' loyalty programme as part of its commitment to the Malaysian market.
LONDON: Britain's Marks & Spencer said on Tuesday it would shut stores at home and abroad, with its new chief executive seeking to cut costs as part of a revival plan.
BANGKOK: Thailand’s rice committee announced new loan schemes for storage of white paddy and Pathum Thani fragrant rice on Monday to help rice farmers struggling with falling prices.
DUBAI/LONDON: Old disputes between Saudi Arabia and rival Iran resurfaced at a meeting of OPEC experts last week, with Riyadh threatening to raise oil output steeply to bring prices down if Tehran refuses to limit its supply, OPEC sources say.
KUALA LUMPUR: HSBC Bank Malaysia Bhd expects usage of the renminbi by Malaysian corporations to grow substantially over the medium term.
RIYADH: A seven-fold hike in visa fees to do business in Saudi Arabia risks deterring the foreign investment needed to transform its oil-dependent economy, diplomats and other sources say.
SEOUL: Samsung Electronics’ worst-ever recall could cost the company as much as $17 billion after it halted sales of its flagship Galaxy Note 7 for a second time, spelling an almost certain end for the ill-fated premium model.
LONDON: When the pound plunged this month on new worries about Brexit, New Yorkers Derek Hotter and Ian Clark hopped on a plane for an impromptu holiday in Britain.
TOKYO: The pound suffered a “flash crash” in Asia Friday on a computer-generated sell-off in the beleaguered currency, as tough talk from French President Francois Hollande underscored the perils ahead for Brexit-bound Britain.
TOKYO: Tokyo shares shot up and the yen sank after the Bank of Japan tweaked its policy measures Wednesday, as it ramped up its attempts to kickstart inflation.
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