Toshiba Corp’s Westinghouse Electric Co unit will continue operating normally in Asia and Europe, despite the ongoing Chapter 11 restructuring, an executive at the troubled company said yesterday.
A Chinese consumer backlash against genetically modified (GMO) crops is beginning to dent demand for soy oil, the nation’s main cooking oil, and could spell crisis for the multi-billion-dollar crushing industry, which depends on GMO soybeans from the United States and elsewhere.
Global stock markets went soft yesterday, weighed down by disappointing American and British growth figures, with eurozone inflation data offering a bright spot on the macro-economic front.
ExxonMobil reported yesterday that first-quarter earnings more than doubled as increased oil prices translated into higher profits after a lengthy slump.
Larry Page has his flying cars. Sergey Brin shall have an airship.
Fresh details of safety lapses are emerging at New Jersey’s beleaguered mass-transit agency even as governor Chris Christie deflects blame and excoriates Amtrak, the national railroad, for mishaps and riders face upheaval.
A $1.7tn source of inflows into Chinese markets has suddenly switched into reverse, roiling the nation’s money management industry and sending local bonds and stocks to their biggest losses of the year.
Thai stocks, the second-worst performers among Asian emerging markets in 2017, face more headwinds as an unexpected jump in bad loans at banks weighs on investor sentiment.
For all the unpredictability of President Donald Trump’s policies in his first 100 days, gold has failed to reclaim the heights before his win in November, and some investors doubt this will happen any time soon.
Q1 GDP +0.3% q/q vs Q4 +0.7%, weakest in a year; biggest drag from consumer-sensitive retailers and hotels; mortgage lender Nationwide reports new fall in house prices; GfK consumer confidence index dips to four-month low
Volkswagen said it plans to invest billions of euros through 2022 to beef up its portfolio of combustion and electric drives as it braces for a further tightening of emissions rules in key markets.