News and Updates

Japan's Car Guys Cross the China Sea

Chinese automakers are hiring more Japanese engineers to boost efficiency and improve design

Taiwan Says China Trade Deal 'Vital' Step

Taiwan needs to seal a free trade agreement with China to ensure the island can compete with regional rivals in global markets, according to the island’s official who is leading the talks.

Toyota Is Said to Recall Prius in Japan This Week (Update3)

Toyota Motor Corp. will recall its 2010 model Prius hybrid car in Japan this week to repair a problem with the vehicle’s braking system, two people familiar with the matter said, adding to global recalls of almost 8 million autos for separate defects.

Toyota Tells Dealers Expect Prius Update Soon

Toyota Motor Corp., grappling with record U.S. recalls, said it told U.S. dealers to expect an update early this week on steps the company plans to take to address complaints over brakes on the 2010 model Prius hybrid.

Hyundai Chairman Ordered to Pay $60 Million

Hyundai Motor Co. Chairman Chung Mong Koo was ordered to pay 70 billion won ($60 million) to the carmaker following his 2008 conviction for breach of duty.

India's Privatization Drive May Fall Short

Foreign investors shun the year's biggest offering, jeopardizing New Delhi's push to sell a record $5.4 billion of shares in state-owned companies to plug a deficit in government revenue

Domino's Pizza Franchisee Surges in Debut

Jubilant FoodWorks Ltd., the Indian franchisee of Domino’s Pizza Inc., rose 58 percent in its Mumbai trading debut today.

Indian Insurers May Pump Record $21 Billion in Nation’s Stocks

Indian insurance companies may increase investments in the nation’s stocks by 24 percent to a record $21 billion next fiscal year as premium collections rise, according to India’s largest private insurers.

Trichet Leaving Sydney Day Early to Attend EU Summit (Update2)

European Central Bank President Jean-Claude Trichet will today depart a meeting of policy makers in Sydney a day early to attend a gathering of European Union leaders, ECB spokeswoman Regina Schueller said.

Gates Shores Up Allies in Afghan War, Urges Pressure on Iran

Defense Secretary Robert Gates returns to Washington today after a weeklong Europe tour spent shoring up coalition support for Afghanistan and calling for sustained pressure on Iran to curtail its nuclear ambitions.

Ford, Geely Said to Miss Feb. 14 Target for Signing Volvo Deal

Ford Motor Co. and Zhejiang Geely Holding Group Co. are unlikely to sign a deal on the sale of the U.S. automaker’s Volvo unit by the start of the Lunar New Year on Feb. 14, said three people familiar with the negotiations.

Record Mining Bond Sales to Boost Expansions, M&A (Update1)

Record bond sales by global mining companies such as Anglo American Plc and Vale SA have bolstered raw material producers’ war chests for acquisitions, expansions and buybacks as they prepare for sustained global recovery.

Lenovo Soars in China, Struggles in U.S.

While the world's fourth-largest PC vendor reports a big quarterly profit, thanks to a surge in Chinese sales, Lenovo's U.S. sales slip

Australia's Stevens Waits for World's Central Banks

The head of Australia's central bank wants to give his economy a chance to absorb recent rate increases and let other world banks catch up

Protectionism Hurting U.S.-China Trade, Beiing Says

China is the "biggest victim" of growing U.S. protectionism, the Chinese Ministry of Commerce said on its Web site recently

China Calls Obama Meeting with Dalai Lama 'Useless'

China's government said a meeting between President Barack Obama and the Dalai Lama would "undermine" relations

U.S.-China Fight over Taiwan Exposes a Perception Gap

The weapons sale indicates Obama is running out of patience with Beijing, while the Chinese worry about a new U.S. plot to contain China

Airbus May Beat Boeing in China's Aviation Market

The European aircraft maker seems to hold the long-term edge in China, whose ire over U.S. arms sales to Taiwan won't help Boeing

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