China’s Great Wall revs up for India as rivals hit the brakes
Chinese automakers Great Wall Motor and Changan Automobile are accelerating plans to build cars in India after the initial success of rival SAIC Motor in...
Nike quarterly results beat, but North America disappoints
Nike Inc’s quarterly revenue and profit blew past Wall Street expectations on Thursday on strong sales in China, but lower-than-expected growth in North America, its...
Australian watchdog sues Volkswagen unit for lapses in loan due diligence
Australia’s corporate watchdog said on Friday it had begun civil penalty proceedings in Federal Court against a unit of Volkswagen AG for allegedly not making...
Australian watchdog sues Volkswagen unit for lapses while providing loans
Australia’s corporate watchdog said on Friday it had begun civil penalty proceedings in court against a unit of Volkswagen AG for allegedly not making appropriate...
Record-setting rally resumes as Mnuchin says trade deal to be signed
Wall Street’s major indexes resumed their rally with fresh records on Thursday as U.S. Treasury Secretary Steven Mnuchin said an initial U.S.-China trade deal would...
Southwest can be sued for bumping passenger who spoke Arabic: U.S. judge
A federal judge on Thursday rejected Southwest Airlines Co’s bid to dismiss a discrimination lawsuit by an American of Iraqi descent who was removed from...
Nike quarterly revenue beats estimates
Nike Inc on Thursday reported quarterly revenue that beat Wall Street expectations, as the world’s largest footwear maker benefited from its push to sell merchandise...
Stocks rally anew; euro bonds rise on Swedish rate move
Global equity markets extended a year-end rally on Thursday that has pushed U.S. and world stock benchmarks to record highs, while bond yields in Europe...
Senior U.S. lawmaker to seek testimony of Wells Fargo’s board
Wells Fargo’s board of directors will be called to testify before Congress about the bank’s numerous scandals sometime in 2020, a senior U.S. House lawmaker...
Oil reaches three-month highs, supported by low U.S. inventories, trade progress
Oil prices reached the highest level in three months in thin pre-Christmas trading on Thursday, buoyed by the previous day’s news that U.S. crude inventories...