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Westinghouse says it will operate normally in Asia

Westinghouse says it will operate normally in Asia

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.

Crushing blow to soy processors as Chinese grow wary on GMO

Crushing blow to soy processors as Chinese grow wary on GMO

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 soft as growth data disappoint

Global stock markets soft as growth data disappoint

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 Q1 profits more than double on higher oil prices

ExxonMobil Q1 profits more than double on higher oil prices

ExxonMobil reported yesterday that first-quarter earnings more than doubled as increased oil prices translated into higher profits after a lengthy slump.

Japan inflation ticks up; weak spending weighs

Japan inflation ticks up; weak spending weighs

Japanese consumer prices rose in March, data showed yesterday, but a drop in factory output and still-weak household spending underscored the challenges facing policymakers as they battle on-and-off deflation.

Forget flying cars; Google’s Brin secretly builds an airship

Forget flying cars; Google’s Brin secretly builds an airship

Larry Page has his flying cars. Sergey Brin shall have an airship.

As Christie hounds Amtrak, New Jersey mass-transit agency’s safety fines mount

As Christie hounds Amtrak, New Jersey mass-transit agency’s safety fines mount

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.

China markets reel as $1.7tn in shadow funds unwind

China markets reel as $1.7tn in shadow funds unwind

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 seen dragged lower as bad loans mount at banks

Thai stocks seen dragged lower as bad loans mount at banks

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.

Gold bears prowl as Trump is no match for rate hikes

Gold bears prowl as Trump is no match for rate hikes

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.

UK economy slows sharply in Q1 as inflation hits home

UK economy slows sharply in Q1 as inflation hits home

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

VW to spend billions to beef up engines portfolio: CEO

VW to spend billions to beef up engines portfolio: CEO

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.

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