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China’s Dalian Wanda opens $5.1 billion tourism park

By Alexandra Harney SHANGHAI (Reuters) – Dalian Wanda Group, the Chinese entertainment giant owned by the country's richest man, opened the first phase of a sprawling 34 billion yuan ($5.1 billion) tourism park in the eastern city of Hefei on Saturday. Wanda is building

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China’s Dalian Wanda opens $5.1 billion tourism park

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Takata failed to report 2003 air bag rupture to U.S. road authority

By David Shepardson and Paul Lienert WASHINGTON/TOKYO (Reuters) – Japanese air bag supplier Takata Corp said it failed to inform the U.S. auto safety agency of a 2003 rupture of one of its air bag inflators …

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Takata failed to report 2003 air bag rupture to U.S. road authority

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Takata failed to report 2003 air bag rupture to NHTSA

Japanese air bag supplier Takata Corp said it failed to inform the U.S. auto safety agency of a 2003 rupture of one of its air bag inflators in Switzerland, according to an internal Takata report released by U

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Takata failed to report 2003 air bag rupture to NHTSA

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Japan government finds Mitsubishi overstated mileage for eight more models

Japan's transport ministry on Tuesday ordered Mitsubishi Motors Corp to stop domestic sales of eight vehicle models after an investigation found the automaker overstated their fuel economy, the second

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Japan government finds Mitsubishi overstated mileage for eight more models

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Exclusive: BP seeks buyers for China petchem JV stake in up to $3 billion deal – sources

By Arno Schuetze and Denny Thomas FRANKFURT/HONG KONG (Reuters) – British oil major BP is seeking buyers for its 50 percent stake in a Chinese petrochemicals joint venture, its single largest investment in China, in a deal that would fetch $2-$3 billion, people familiar with the matter told Reuters. BP has hired an investment bank to sell its shareholding in SECCO as part of a drive to cash out of businesses where it lacks control, the people added. A successful deal would mark BP's first significant exit …

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Exclusive: BP seeks buyers for China petchem JV stake in up to $3 billion deal – sources

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China’s slowing wholesale deflation takes pressure off central bank

By Elias Glenn and Yawen Chen BEIJING (Reuters) – China's factory price deflation moderated further in July, with prices falling at their slowest pace in two years, taking pressure off the central bank to cut rates as policymakers turn their focus to structural reforms and ballooning credit. A government-led building spree has increased demand for construction materials, but higher prices are also due in part to speculation in China's commodities futures market, which has pushed up Shanghai rebar futures up by 50 percent this year. …

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China’s slowing wholesale deflation takes pressure off central bank

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Asia shares up as yield hunt drives record flows, pound slips

Asian shares stood atop one-year peaks on Tuesday as a global search for yield drove a record inflow into emerging market funds, while the pound slipped to one-month lows on speculation of further policy easing in the UK. Analysts at Bank of America…

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Asia shares up as yield hunt drives record flows, pound slips

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Crude oil futures rise after U.S. stockpiles fall

TOKYO (Reuters) – Oil futures rose in early Asian trading on Wednesday after an industry group released weekly figures showing U.S. stockpiles fell more than expected last week.

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Crude oil futures rise after U.S. stockpiles fall

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Takata settles Florida air bag injury lawsuit

By David Shepardson WASHINGTON (Reuters) – Lawyers for a Florida woman who was left a quadriplegic after a Takata air bag inflator deployed in a 2014 crash said Friday they had settled a lawsuit against the Japanese company. The settlement was confirmed

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Takata settles Florida air bag injury lawsuit

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Japan eyes help for small business in stimulus plan after Brexit

Japan is likely to include assistance for small businesses in an economic stimulus package it will compile after Britain's shock vote to leave the European Union, Economy Minister Nobuteru Ishihara said on Tuesday. Japanese policymakers also said financial markets are starting to calm down after the Brexit vote last week, but repeated that they want…

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Japan eyes help for small business in stimulus plan after Brexit

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