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Japan’s Abe to delay sales tax hike until 2019: government source

By Takaya Yamaguchi TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe plans to delay an increase in sales tax by two and a half years, a government official said on Sunday, as the economy sputters and Abe prepares for a national election. Abe told Finance Minister Taro Aso and the secretary general of his ruling Liberal Democratic Party, Sadakazu Tanigaki, on Saturday …

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Japan’s Abe to delay sales tax hike until 2019: government source

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ConAgra Foods stock seen rising 30 percent: Barron’s

ConAgra Foods' stock could climb up to 30 percent in the coming months as the U.S. packaged food company seeks to shed businesses, improve existing brands and achieve lower overheads, Barron's said in its …

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ConAgra Foods stock seen rising 30 percent: Barron’s

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Suncor ramping up operations after Canada wildfire

By Ethan Lou TORONTO (Reuters) – Suncor Energy Inc's facilities north of Fort McMurray, Alberta, are expected to partially restart by the end of the week, the company said on Sunday, the latest sign Canadian oil sands producers are coming back online after a massive wildfire. The start-up of Suncor's base plant and MacKay River sites is under way, with “initial production” expected by the end of…

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Suncor ramping up operations after Canada wildfire

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Toshiba in final talks on new president; Tsunakawa top candidate: source

Japan's Toshiba Corp is in final talks to replace President Masashi Muromachi, with Senior Executive Vice President Satoshi Tsunakawa a leading candidate as it aims to turn the scandal-hit firm back to growth, a source told Reuters on Sunday. The source, who is familiar with the matter, indicated Tsunakawa was a top candidate, saying the successor would be likely be one of three senior …

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Toshiba in final talks on new president; Tsunakawa top candidate: source

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Foxconn seals $3.5 billion takeover of Sharp as executives seek to shake off doubts

By Makiko Yamazaki SAKAI, Japan (Reuters) – Foxconn and Sharp Corp on Saturday formally signed a long-awaited deal that would see the Taiwan firm take control of the Japanese display maker, as executives sought to dispel lingering doubts over whether Sharp …

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Foxconn seals $3.5 billion takeover of Sharp as executives seek to shake off doubts

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Argentina, creditors agree $155 million more in default settlement: mediator

Argentina settled with an additional 115 individual creditors holding defaulted sovereign bonds for $155 million, Daniel Pollack, the court-appointed mediator in the long-running case, said in a statement on Friday. Pollack's announcement brings the total amount of settlements agreed in principle with U.S. creditors above $6.5 billion and moves Latin America's No. 3 economy closer to ending a festering 14-year legal battled …

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Argentina, creditors agree $155 million more in default settlement: mediator

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China’s PBOC flags stimulus restraint but says policy should be flexible

By Xiaoyi Shao and Kevin Yao BEIJING (Reuters) – China's central bank won't resort to excessive stimulus to bolster growth but will keep a flexible stance in the event of an economic shock – domestic or global, Governor Zhou Xiaochuan said while reiterating the authority's prudent monetary policy. Under the banner of prudent policy, the Chinese central bank has cut interest rates six times since November 2014 and has also reduced the amount of …

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China’s PBOC flags stimulus restraint but says policy should be flexible

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ECB’s Draghi signals end to rate cuts, overshadows stimulus

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – European Central Bank chief Mario Draghi unleashed a bold easing package on Thursday, cutting rates and expanding asset buys, but undid the very stimulus he hoped to achieve by suggesting there would be no further cuts. Seeking to resurrect corporate activity and investments, the ECB said it …

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ECB’s Draghi signals end to rate cuts, overshadows stimulus

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VW chairman, CEO knew of defeat devices early: Bild

Volkswagen AG's current chairman and chief executive were alerted by the carmaker's former CEO to the use of illicit emissions-control software in the United States two weeks before the carmaker disclosed the scale of its manipulations, Bild am Sonntag reported, without citing the source of the information. Martin Winterkorn, who resigned within a week of Volkswagen's (VW) biggest-ever corporate…

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VW chairman, CEO knew of defeat devices early: Bild

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Takata prepares CEO exit over air bag safety scandal: sources

Takata Corp is preparing the ground for the exit of its chief executive, two people close to the Japanese air bag maker said, as pressure builds on a company reeling from the auto industry's biggest recall. Takata has been under fire for almost two years over defective air bags that can explode with excessive force and shoot shrapnel inside the car – a problem that has ballooned…

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Takata prepares CEO exit over air bag safety scandal: sources

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