Toyota unit falsified emissions data from at least 2003, probe finds

Hino Motors Ltd displays its new Hybrid Profia, a diesel-hybrid version of its large commercial truck model at its R&D Centre at Hino in Tokyo, Japan July 17, 2018. REUTERS/Naomi Tajitsu/File Photo Register now for FREE unlimited access to Reuters.com Register Committee publishes report on false data scandal at Hino Says engineers didn’t feel able … Read more

Wall Street ends down after biggest month since 2020

U.S. manufacturing sector slows modestly PerkinElmer rises on $2.45 billion divestment Indexes end: S&P 500 -0.28%, Nasdaq -0.18%, Dow -0.14% Aug 1 (Reuters) – Wall Street ended lower after a choppy session on Monday, with declines in Exxon Mobil (XOM.N) and other energy companies weighing against gains in Boeing (BA.N) as investors digested the U.S. … Read more

U.S. considers crackdown on memory chip makers in China

WASHINGTON, Aug 1 (Reuters) – The United States is considering limiting shipments of American chipmaking equipment to memory chip makers in China including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter, part of a bid to halt China’s semiconductor sector advances and protect U.S. companies. If President Joe Biden’s … Read more

EXCLUSIVE Luxembourg banks told to freeze Ecuador assets amid Perenco dispute, documents show

Bailiff orders 122 banking entities operating in Luxembourg to freeze Ecuador assets Ecuador issued Luxembourg-listed bonds in 2020 debt overhaul Some bondholders have received interest payments due July 31 LONDON, Aug 1 (Reuters) – A Luxembourg bailiff has ordered banks to freeze assets held by Ecuador in Luxembourg accounts as a result of a dispute … Read more

HSBC hangs up on Ping An break-up call, lifts payout and profit goal

HSBC to revert to paying quarterly dividends from 2023 Aims to win over investors with higher profitability target Says demerger of Asian business has huge risks London shares rise 6% LONDON/SINGAPORE, Aug 1 (Reuters) – HSBC (HSBA.L) pushed back on a proposal by top shareholder Ping An Insurance Group Co of China (601318.SS) to split … Read more

Shenzhen accelerates China’s driverless car dreams

SHENZHEN, China, Aug 1 (Reuters) – On a busy downtown street three delivery bikes suddenly dart over the pedestrian crossing ahead of the car. On the car’s dashboard they look like small 3D blue blocks from a 1990s video game. The steering wheel turns itself a notch and the vehicle slows to a gentle halt, … Read more

Wall St Week Ahead: After steep decline, U.S. small caps tempt investors with cheap valuations

The floor of the the New York Stock Exchange (NYSE) is seen after the close of trading in New York, U.S., March 18, 2020. REUTERS/Lucas Jackson Register now for FREE unlimited access to Reuters.com Register NEW YORK, July 29 (Reuters) – Shares of smaller U.S. companies are outpacing a rally in the broader equity market as they draw investors looking to scoop … Read more

From burgers to bleach, stressed consumers buy cheap

NEW YORK/LONDON July 26 (Reuters) – Some global consumers are showing signs of cracking, as shoppers stressed by record inflation stick to buying basics like food, bleach and cheap burgers, while those with bigger bank accounts are snapping up $3,000 Louis Vuitton handbags. Investors are closely watching corporate results for signs economies are headed toward … Read more

Nasdaq falls with dollar, oil rises; earnings, Fed in focus

U.S. stocks chop around with Nasdaq closing lower Euro zone survey shows German morale dropping Fed in focus with two-day policy meeting on Tuesday NEW YORK, July 25 (Reuters) – Nasdaq (.IXIC) closed lower on Monday after a choppy session for U.S. equities ahead of a big week of technology earnings reports while oil prices … Read more

Fed chair Powell is not done telling markets where rates will go

WASHINGTON, July 26 (Reuters) – Since it began its current round of interest-rate hikes this year, the U.S. Federal Reserve has aimed to let investors know ahead of time not just where rates are heading generally but exactly how big a move to expect each time. And despite some snags, including what analysts say was … Read more