Business

TOKYO (Reuters) – Japan’s transport ministry is considering convening a meeting to probe the safety of automobiles, trains and planes using products from scandal-hit Kobe Steel Ltd, Kyodo reported on Thursday. With the data falsification scandal at Japan’s No. 3 steelmaker affecting a wide range of manufacturers, the Ministry of Land, Infrastructure, Transport and Tourism
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SYDNEY (Reuters) – Asian shares consolidated recent gains and currencies kept to tight ranges on Wednesday as investors waited to see what policies might emerge from China’s Communist Party conference. The twice-a-decade congress is expected to cement the power of President Xi Jinping, who kicked off the week-long event with a wide-ranging speech in which
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SYDNEY (Reuters) – Asian shares advanced to new highs on Monday following Wall Street’s lead, while U.S. oil futures jumped to hover near a six-month peak as escalating tensions between the Iraqi government and Kurdish forces threatened supply. Iraqi forces began moving at midnight on Sunday towards oil fields held by Kurdish Peshmerga fighters near
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NEW YORK (Reuters) – U.S. stock sectors that are particularly dependent on economic growth recently grabbed hold of the market’s rally and are poised to keep the reins should further signs of global expansion emerge. Such sectors, including energy, industrials and financials, beat the S&P 500’s 1.9 percent gain in September. Those sectors had previously
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JOHANNESBURG (Reuters) – Klippies and coke. Ricky Louw. Karate Water. These are the orders ringing out in bars across South Africa as thrifty consumers switch from imported, big-brand whisky to various types of locally produced brandy to quench their thirst. The trend, fueled by a stagnant economy that is strangling spending, has led to the
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NEW YORK (Reuters) – AT&T Inc’s third-quarter video losses sent pay-TV industry shares down on Thursday after Wall Street analysts raised concerns about the continued threat of consumers cancelling their cable and satellite television subscriptions. The No. 2 U.S. wireless carrier, which owns satellite television service DirecTV, said in a filing on Wednesday that it
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SAN FRANCISCO(Reuters) – Alphabet Inc’s Waymo sought at least $1 billion in damages and a public apology from Uber Technologies Inc as conditions for settling its high-profile trade secret lawsuit against the ride-services company, sources familiar with the proposal told Reuters. The Waymo self-driving car unit also asked that an independent monitor be appointed to
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PRAGUE (Reuters) – Volkswagen’s Czech carmaker Skoda Auto plans to add jobs in the Czech Republic and remains committed to the country, Skoda’s Chief Executive Bernhard Maier told reporters on Wednesday amid worries the Czechs could lose some production to Germany. Reuters reported last week that Volkswagen managers and unions were seeking to curb competition
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TOKYO (Reuters) – Asian shares rose on Tuesday, shrugging off modest losses on Wall Street, while expectations of another U.S. interest rate increase this year continued to underpin the dollar. Futures suggested a more subdued start to the European trading day, with the Eurostoxx 50 and Germany’s Dax futures both down 0.1 percent. France’s Cac
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