World + Economy

The Toyota logo is seen at the company's display during the North American International Auto Show in Detroit

Toyota Motor to add 400 jobs at Indiana assembly plant

Reuters - By Naomi Tajitsu and David Shepardson TOKYO/WASHINGTON (Reuters) - Toyota Motor Corp on Tuesday said it would add 400 jobs to build more SUVs at one of its U.S. plants, highlighting its expansion p…

A Citibank ATM is seen in Los Angeles

Citi to make decision on Brexit plans in first half: Europe chief

Reuters - U.S. bank Citigroup will make a decision on its Brexit contingency plans in the first hal…

Sinopec Vice Chairman and President Wang Tianpu attends a news conference in Hong Kong

China jails former Sinopec president for 15-1/2 years over graft

Reuters - A Chinese court has jailed Wang Tianpu, the former president of energy giant Sinopec Grou…

Latest News

  • The Toyota logo is seen at the company's display during the North American International Auto Show in Detroit
    Toyota Motor to add 400 jobs at Indiana assembly plant Reuters

    By Naomi Tajitsu and David Shepardson TOKYO/WASHINGTON (Reuters) - Toyota Motor Corp <7203.T> on Tuesday said it would add 400 jobs to build more SUVs at one of its U.S. plants, highlighting its expansion …

    The Toyota logo is seen at the company's display during the North American International Auto Show in Detroit

    By Naomi Tajitsu and David Shepardson TOKYO/WASHINGTON (Reuters) - Toyota Motor Corp <7203.T> on Tuesday said it would add 400 jobs to build more SUVs at one of its U.S. plants, highlighting its expansion plans just as U.S. President Donald Trump calls on manufacturers to build more cars in the country. The Japanese automaker …

  • Citi to make decision on Brexit plans in first half: Europe chief Reuters

    U.S. bank Citigroup will make a decision on its Brexit contingency plans in the first half of the year and choose from a number of potential EU counties to relocate some investment banking business, the …

    A Citibank ATM is seen in Los Angeles

    U.S. bank Citigroup will make a decision on its Brexit contingency plans in the first half of the year and choose from a number of potential EU counties to relocate some investment banking business, the bank's European chief said on Tuesday. "We will be making a decision in the first half of this year, it's a decision …

  • China jails former Sinopec president for 15-1/2 years over graft Reuters

    A Chinese court has jailed Wang Tianpu, the former president of energy giant Sinopec Group, for 15-1/2 years for graft, state media reported on Tuesday, citing a court verdict. Wang, who took top positions …

    Sinopec Vice Chairman and President Wang Tianpu attends a news conference in Hong Kong

    A Chinese court has jailed Wang Tianpu, the former president of energy giant Sinopec Group, for 15-1/2 years for graft, state media reported on Tuesday, citing a court verdict. Wang, who took top positions at Sinopec Group between 2003 and 2014, was found guilty of accepting bribes of about 33.48 million yuan ($4.9 million) …

  • Samsung Electronics warns of political risks as chips boost fourth-quarter profit Reuters

    By Hyunjoo Jin SEOUL (Reuters) - Samsung Electronics Co Ltd <005930.KS> on Tuesday said it expects profit growth in 2017 despite challenges arising from political uncertainty, after record chip earnings …

    FILE PHOTO -  An exchanged Samsung Electronics' Galaxy Note 7 is seen at the company's headquarters in Seoul

    By Hyunjoo Jin SEOUL (Reuters) - Samsung Electronics Co Ltd <005930.KS> on Tuesday said it expects profit growth in 2017 despite challenges arising from political uncertainty, after record chip earnings glossed over the Note 7 smartphone fiasco in the fourth quarter. The South Korean tech giant and Apple Inc rival is …

  • U.S. judge approves Volkswagen dealers $1.2 billion settlement Reuters

    Volkswagen AG's dealers will receive an average of $1.85 million in a $1.2 billion settlement approved by a U.S. judge on Monday over its diesel emissions scandal. U.S. District Judge Charles Breyer …

    FILE PHOTO - Volkswagen logo is pictured at the newly opened Volkswagen factory in Wrzesnia

    Volkswagen AG's dealers will receive an average of $1.85 million in a $1.2 billion settlement approved by a U.S. judge on Monday over its diesel emissions scandal. U.S. District Judge Charles Breyer said the 650 U.S. dealers would be paid over 18 months, ruling the settlement "fair, reasonable, and adequate." VW also …

  • Takata shares lose nearly half their value in less than a week Reuters

    Takata Corp's <7312.T> shares have lost nearly half their value in less than a week, hit by a report that bidders are seeking a court-mediated turnaround for the embattled Japanese air bag maker. The …

    A sign with the TAKATA logo is seen outside the Takata Corporation building in Auburn Hills, Michigan

    Takata Corp's <7312.T> shares have lost nearly half their value in less than a week, hit by a report that bidders are seeking a court-mediated turnaround for the embattled Japanese air bag maker. The stock has been hit by a glut of sell orders since the Nikkei business daily said on Thursday that Swedish air bag maker …

  • Yahoo beats Wall Street view, sees Verizon deal closing in second quarter Reuters

    Yahoo Inc on Monday reported better-than-expected quarterly profit and revenue, and said the sale of its core internet business to Verizon Communications Inc should be completed in the second quarter, …

    A photo illustration shows a Yahoo logo on smartphone in front of a displayed cyber code and keyboard

    Yahoo Inc on Monday reported better-than-expected quarterly profit and revenue, and said the sale of its core internet business to Verizon Communications Inc should be completed in the second quarter, allaying some investor concerns that the deal might collapse. The $4.8 billion Verizon transaction had originally been …

  • Emirates' Dubai-Athens-New York flight violates U.S. aviation agreement, say U.S. airlines Reuters

    By Alexander Cornwell DUBAI (Reuters) - Emirates' announcement on Monday that it would start flying to the United States with a stop for passengers in Greece sparked a strong reaction from a lobby group …

    An Emirates plane is seen at Lisbon's airport

    By Alexander Cornwell DUBAI (Reuters) - Emirates' announcement on Monday that it would start flying to the United States with a stop for passengers in Greece sparked a strong reaction from a lobby group representing U.S. competitors who accused it of competing unfairly through state subsidies. The world's largest long-haul …

  • Trump pulls U.S. out of Pacific trade deal, loosening Asia ties Reuters

    By Steve Holland and Ayesha Rascoe WASHINGTON (Reuters) - U.S. President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from …

    Trump plays host to reception and meeting with U.S. congressional leaders in the State Dining Room at the White House in Washington

    By Steve Holland and Ayesha Rascoe WASHINGTON (Reuters) - U.S. President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies, as China's influence in the region rises. Fulfilling a campaign pledge to end American involvement …

  • Oil slips as U.S. drilling recovery offsets OPEC-led cuts Reuters

    By Devika Krishna Kumar NEW YORK (Reuters) - Oil prices fell 1 percent on Monday as signs of a strong recovery in U.S. drilling largely overshadowed news that OPEC and non-OPEC producers were on track …

    Petrol nozzles are seen at Cosmo Energy Holdings' Cosmo Oil service station in Tokyo

    By Devika Krishna Kumar NEW YORK (Reuters) - Oil prices fell 1 percent on Monday as signs of a strong recovery in U.S. drilling largely overshadowed news that OPEC and non-OPEC producers were on track to meet output reduction goals. Ministers representing members of the Organization of the Petroleum Exporting Countries …

  • Dollar tumbles to seven-week low on Trump uncertainty Reuters

    By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The dollar slumped to a seven-week low against a currency basket on Monday, weighed by concerns about the early days of U.S. President Donald Trump's …

    FILE PHOTO: Arrangement of various world currencies including Chinese Yuan, US Dollar, Euro, British Pound

    By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The dollar slumped to a seven-week low against a currency basket on Monday, weighed by concerns about the early days of U.S. President Donald Trump's administration that have so far been marred by protests, a protectionist inauguration speech, and angry comments on Twitter. …

  • China cracks down on unauthorized internet connections Reuters

    By Sijia Jiang HONG KONG (Reuters) - China is reinforcing its censorship of the internet with a campaign to crack down on unauthorized connections, including virtual private network (VPN) services, that …

    A map of China is seen through a magnifying glass on a computer screen showing binary digits in Singapore

    By Sijia Jiang HONG KONG (Reuters) - China is reinforcing its censorship of the internet with a campaign to crack down on unauthorized connections, including virtual private network (VPN) services, that allow users to bypass restrictions known as the Great Firewall. The Ministry of Industry and Information Technology …

  • Japan Inc believes Abe, Trump don't want to see excessive yen weakness: Reuters poll Reuters

    By Tetsushi Kajimoto TOKYO (Reuters) - Japanese companies believe that neither U.S. President Donald Trump nor Japan Prime Minister Shinzo Abe want to see the yen weaken significantly, a Reuters poll …

    FILE PHOTO-Employee of a foreign exchange trading company wears a jacket near monitors showing U.S. President-elect Donald Trump speaking on TV news, and the Japanese yen's exchange rate against the U.S. dollar (top R) in Tokyo

    By Tetsushi Kajimoto TOKYO (Reuters) - Japanese companies believe that neither U.S. President Donald Trump nor Japan Prime Minister Shinzo Abe want to see the yen weaken significantly, a Reuters poll showed, a development they worry could spark an unwelcome political backlash. The Reuters Corporate Survey, conducted Jan. …

  • Russia's Novak says sees oil price at $50-$60 in 2017: TASS Reuters

    MOSCOW (Reuters) - Russian Energy Minister Alexander Novak sees global oil prices at between $50 and $60 per barrel in 2017, TASS news agency quoted him as saying on Sunday. According to Interfax news …

    Russia's Energy Minister Novak addresses a news conference after an OPEC meeting in Vienna

    MOSCOW (Reuters) - Russian Energy Minister Alexander Novak sees global oil prices at between $50 and $60 per barrel in 2017, TASS news agency quoted him as saying on Sunday. According to Interfax news agency, Novak also said that countries involved in a deal between OPEC and non-OPEC oil producers could reduce their output …

  • Saudi's Falih says output cuts set to lower oil inventories Reuters

    VIENNA (Reuters) - Saudi Arabian Energy Minister Khalid al-Falih said on Sunday that OPEC and non-OPEC oil producers were complying with their pledge to lower oil output and that global oil inventories …

    al-Falih Saudi energy minister attends the WEF annual meeting in Davos

    VIENNA (Reuters) - Saudi Arabian Energy Minister Khalid al-Falih said on Sunday that OPEC and non-OPEC oil producers were complying with their pledge to lower oil output and that global oil inventories could be taken back to their five-year average by mid-year with full compliance. "There is no reason for us to suddenly …

  • Chief of Taiwan's Foxconn says rise of protectionism unavoidable Reuters

    The head of Foxconn, the world's largest contract manufacturer of electronic goods and a major Apple Inc supplier, said on Sunday that the rise of protectionism is unavoidable. Terry Gou, chairman of …

    The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's headquarters in New Taipei City, Taiwan

    The head of Foxconn, the world's largest contract manufacturer of electronic goods and a major Apple Inc supplier, said on Sunday that the rise of protectionism is unavoidable. Terry Gou, chairman of Foxconn, formally known as Hon Hai Precision Industry Co, warned that uncertainties for this year make it tough to have …

  • Morgan Stanley, Citi plan Brexit job moves: sources Reuters

    By Pamela Barbaglia and Arno Schuetze LONDON/FRANKFURT (Reuters) - U.S. banks Morgan Stanley and Citigroup have identified many of the roles that will need to be moved from Britain following its exit …

    FILE PHOTO -  Corporate logo of financial firm Morgan Stanley in New York, New York

    By Pamela Barbaglia and Arno Schuetze LONDON/FRANKFURT (Reuters) - U.S. banks Morgan Stanley and Citigroup have identified many of the roles that will need to be moved from Britain following its exit from the European Union, sources involved in the processes told Reuters. Morgan Stanley, which bases the bulk of its …

  • Nasdaq backs trading illiquid stocks only on listing exchange Reuters

    By John McCrank NEW YORK (Reuters) - Nasdaq Inc will ask U.S. regulators under the Trump administration to limit the trading of shares of small companies and illiquid exchange-traded funds to the exchanges …

    The Nasdaq logo is displayed at the Nasdaq Market site in New York

    By John McCrank NEW YORK (Reuters) - Nasdaq Inc will ask U.S. regulators under the Trump administration to limit the trading of shares of small companies and illiquid exchange-traded funds to the exchanges on which they are listed, the market operator said in a note to clients. Such a move would make it cheaper for investors …

  • ECB probed by watchdog over ties with bankers in G30 group Reuters

    By Francesco Canepa FRANKFURT (Reuters) - The European Union's ethics watchdog has opened an inquiry into the participation of European Central Bank President Mario Draghi and senior ECB officials in …

    FILE PHOTO: European Central Bank President Mario Draghi addresses the European Parliament's Economic and Monetary Affairs Committee in Brussels

    By Francesco Canepa FRANKFURT (Reuters) - The European Union's ethics watchdog has opened an inquiry into the participation of European Central Bank President Mario Draghi and senior ECB officials in the work of an exclusive group that includes bankers and fund managers. The European Ombudsman's probe relates to ties …

  • Nissan to review UK investment stance once Brexit terms clear Reuters

    Nissan <7201.T> will review the case for future investment in Britain when the terms of the country's departure from the European Union finally become clear, the Japanese carmaker's Chief Executive Carlos …

    Ghosn CEO of Renault-Nissan Alliance attends the WEF annual meeting in Davos

    Nissan <7201.T> will review the case for future investment in Britain when the terms of the country's departure from the European Union finally become clear, the Japanese carmaker's Chief Executive Carlos Ghosn said on Friday. Nissan said in October it was going ahead with plans to build the next X-Trail and Qashqai SUVs …