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Nissan top exec Munoz resigns amid broadened Ghosn probe

(Reuters) – One of Nissan Motor Co’s (7201.T) top executives has resigned, further rattling the Japanese automaker’s management team as it broadens an investigation into ousted Chairman Carlos Ghosn’s alleged financial misconduct. FILE PHOTO: Jose Munoz, Chairman of Nissan North Read more ›

U.S. plans to rewrite rules that impede self-driving cars

WASHINGTON (Reuters) – The National Highway Traffic Safety Administration (NHTSA) is moving ahead with plans to revise safety rules that bar fully self-driving cars from the roads without equipment like steering wheels, pedals and mirrors, according to a document seen Read more ›

Dollar scales 11-month peak on yen as U.S. yields surge

SYDNEY (Reuters) – The dollar climbed an 11-month top on the yen on Thursday as stunningly strong U.S. economic data drove Treasury yields to their highest since mid-2011, while Japanese stocks attempted to re-claim a 27-year peak. Visitors are seen Read more ›

Asia stocks slip as NAFTA lift fades; oil near 4-year highs

TOKYO (Reuters) – Asian stocks fell on Tuesday as the lift from an agreement that saved the North American free trade deal faded, with cautious views on the global economy curbing risk sentiment. FILE PHOTO: Men stand in front of Read more ›

Musk to resign as Tesla chairman, remain as CEO in SEC settlement

WASHINGTON/SAN FRANCISCO (Reuters) – Tesla Inc and Elon Musk have agreed to pay $20 million each to financial regulators and the billionaire will step down as the company’s chairman but remain as chief executive, under a settlement that caps a Read more ›

GM will recall more than 3.3 million vehicles in China: market regulator

BEIJING (Reuters) – General Motors’ joint venture in China, Shanghai GM, will recall more than 3.3 million Buick, Chevrolet and Cadillac vehicles from Oct. 20 because of a defect with the suspension system, China’s market regulator said on Saturday. The Read more ›

Global M&A volume drops in third-quarter as trade tensions loom

NEW YORK/LONDON (Reuters) – Global mergers and acquisitions dropped to $783 billion in the third quarter, down 35 percent from the prior quarter, as the escalating trade dispute between the United States and China cast a shadow on the financial Read more ›

Asian shares weather Fed rate hike, U.S. bond yields fall

TOKYO (Reuters) – Asian shares held firm on Thursday, outperforming sagging Wall Street shares, and U.S. bond yields fell after the Federal Reserve raised interest rates as expected, sticking to its script of gradual policy tightening. FILE PHOTO: A man Read more ›

Column: Hedge funds, smelling Brexit blood, circle sterling

LONDON (Reuters) – Hedge funds are betting big against sterling, the most since May last year. And following last week’s Brexit debacle in Salzburg, that bet will probably be even bigger now, closing in on the largest on record. FILE Read more ›

COLUMN-Central banks straightjacketed by sheer scale of U.S. bond holdings: McGeever

(The opinions expressed here are those of the author, a columnist for Reuters.) By Jamie McGeever LONDON, Sept 21 (Reuters) – Few have flexed their muscles in the U.S. bond market over the last 15 years quite like foreign central Read more ›