Global Stocks Fall As Stronger Japanese Yen Offsets Crude Oil
The U.S. dollar fell further against the Japanese yen Thursday after minutes of a Federal Reserve meeting released Wednesday offered little prospect of a rise in interest rates in July.
Volvo Announces Plans To Launch Driverless Car Experiment In China
The Swedish carmaker, which wants to make its cars “death proof” by 2020, called the project “China’s most advanced autonomous driving experiment.”
Fiat Chrysler To Cut 1,300 Jobs In Michigan As Sedan Sales Slump
The automaker said it would roll back production on the Chrysler 200 sedan, popular with car-rental agencies in the U.S., from July 5.
Panama Papers Update: Tax Authorities Worldwide Vow To Pursue People Named In Leak Data
The documents leaked from a Panama-based law firm allegedly show that some companies were being used for money laundering, arms and drug deals and tax evasion.
Alaska Air (ALK) To Buy Virgin America (VA) In Deal Worth $4B
The deal will boost Alaska Air’s annual revenue to over $7 billion and save the combined company $225 million a year, the U.S. carrier said Monday.
Europe Stocks Reverse Declines, Most Asian Markets Remain Mixed
Investor sentiment perked up after data showed a sustained recovery in the U.S. labor market and a rebound in Chinese manufacturing activity.
Blackstone, Hewlett Packard Enterprise Strike $1B Deal For India’s IT Major Mphasis
The move is believed to be the world’s largest private-equity firm’s biggest acquisition in India.
Greece Bailout A ‘Good Distance Away,’ Says IMF Chief Ahead Of Lender Review
The talks between Greece and its lenders resume Monday even as the IMF said it was a “good distance away” from agreeing on the terms of the third bailout.
Iran Estimates Cost Of Modernizing Its Oil Tankers At $2.5 Billion
Iran has sought to renew business ties with the world after crippling economic sanctions against it were lifted this January in exchange for curbing its nuclear ambitions.
China Box Office Jumps 51% Amid Ticket Fraud Scandal
China’s movie ticket sales — the second highest in the world — grossed $6.3 billion in 2015, a 48 percent jump from the year before.
Australia Approves Adani’s Galilee Basin $7.7 Billion Coal Mine Project
Adani Enterprises, an Indian business group, plans to use the coal from mines in the Galilee Basin for its thermal power stations in India.
Japanese Warships Dock In Philippines For War Games Near Disputed Waterway
Philippines has sought to strengthen ties with Tokyo as tensions mount over the disputed waters in the South China Sea, most of which is claimed by China.
UK Steel Crisis: Government Contracts To Consider Job Creation
British government contracts involving steel supplies will have to consider if they help create jobs and boost the local economy, along with factors of price and quality.
Foxconn, Sharp Formally Sign $3.5 Billion Takeover Deal
Sharp, which makes TVs and displays for smartphones and tablets, put itself up for sale after $10.76 billion in losses in recent years.
FDA Urges Food Industry To Reduce Arsenic In Baby Rice Cereals
Arsenic exposure has been linked to diminished intellectual functions early in life, and adverse pregnancy outcomes, such as stillbirth.
FBI To Assist Local Police To Unlock Mobile Devices In Investigations
FBI has so far refused to share with Apple the method it used to unlock an iPhone seized in the investigation of the San Bernardino terror attack.
Paris Attack Suspect Salah Abdeslam Chose Not To Blow Himself Up: Brother
Salah Abdeslam, the sole surviving suspect from November's attacks in France, reportedly told his brother he wants to cooperate with investigators.
California Takes Morgan Stanley To Court Over Mortgage Losses
A lawsuit filed by the state of California accuses the bank of glossing over the risks of residential mortgage-backed securities sold 2004-07.
Novartis Likely To Get Clean Chit After Turkey Bribery Probe Reveals No Wrongdoing
The Swiss pharma giant faces similar ongoing investigations by the U.S. and South Korean authorities.
Hillary Clinton To Propose $10B Plan For US Manufacturing Sector
The plan is said to aim at encouraging both large and small manufacturers to locate manufacturing jobs in the United States.
Asian, European Markets Downbeat As Gold, Japanese Yen Gain Ground
Chinese equities ended the day slightly higher even as other Asian and European markets fell over weak manufacturing data.
UK Scrambles To Protect Workers’ Jobs As Tata Steel Looks To Sell Off Loss-Making Unit
Prime Minister David Cameron said Thursday that his government is “doing everything it can” to save some 20,000 jobs at Tata Steel, Britain’s largest steelmaker.
Starwood, China’s Anbang Drop $14B Takeover Talks, Clearing Way For Marriott
The Chinese insurance company’s abrupt move to opt out of negotiations potentially ended a bidding war between Anbang and Marriott International.
McDonald’s To Add 1,500 Outlets In China, Hong Kong And South Korea Over 5 Years
The fast-food company said Thursday it was seeking an investment partner in the region to speed up its expansion.
Troubled Takata Denies Report On Air Bag Recall Cost Of $24 Billion
The Japanese company's shares had plunged 20 percent Wednesday after a Bloomberg report said air bag recalls could cost Takata $24 billion.
Asian, European Stocks Broadly Down As Oil Futures Slide
Crude oil futures slid after the U.S. announced that the country’s crude stocks had reached yet another record high Wednesday.
Fidelity Cuts Dropbox, Cloudera Valuations As Investors Grow Skeptical Of Silicon Valley Unicorns
The reappraisals by the financial services company come amid growing scrutiny of the sky-high valuations of privately held Silicon Valley tech companies.
Indian Tycoon Vijay Mallya Offers $904M Settlement To Lenders
Vijay Mallya, once known as the “King of Good Times,” mainly because of his lavish lifestyle, owes an estimated $1.3 billion to several banks in the country.
Fidel Castro On Obama Visit: Cuba Has No Need Of Gifts From Empire
The comments published Monday came a week after U.S. President Barack Obama’s historic visit to the communist country.
Taiwan’s TSMC To Build $3B Advanced Silicon Wafer Plant In China
The semiconductor manufacturer has asked Chinese municipal authorities to allow it to wholly own the production unit out of concern for intellectual property protection.
