Volkswagen's (VOWG_p.DE) first leadership crisis in a decade has burst into the open with Chairman Ferdinand Piech's surprise public denunciation of CEO Martin Winterkorn -- but the standoff is now more likely to play out behind closed doors.
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China's slowing growth not good for anybody, U.S. says
China's slowing growth is not good for anybody but it will not affect U.S. efforts to build business ties, U.S. Commerce Secretary Penny Pritzker said on Wednesday after Beijing announced its weakest quarter of growth in six years.
Toyota resumes expansion with new Mexico, China plants
Toyota Motor Corp said on Wednesday it will build new factories in Mexico and China, ending a self-imposed expansion freeze and putting more pressure on global rivals.
China's Huawei shows smartphone credentials with P8 launch
China's Huawei unveiled its flagship P8 and P8 Max smartphones on Wednesday, devices that stack up against the latest models from Samsung and Apple in technical specifications if not marketing budget.
International expansion helps Netflix add more users than forecast
Video streaming pioneer Netflix Inc added more subscribers in the first quarter than it had projected, helped by aggressive expansion in overseas markets.
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JD.com Inc, China's No. 2 e-commerce player, on Wednesday launched its JD Worldwide cross-border online shopping platform, a challenger to Alibaba Group Holding Ltd's Tmall Global service.
Brent crude oil prices rose above $59 a barrel on Wednesday amid tension in the Middle East and signs of a dip in U.S. production, but gains were capped by a report from the International Energy Agency (IEA) indicating that supplies would take longer to tighten than previously expected.
Japanese and U.S. officials will meet from Wednesday in a bid to strike a two-way deal giving momentum to a pan-Pacific free-trade pact, the 12-nation Trans-Pacific Partnership (TPP), ahead of a leaders' summit late this month.
The yen is fairly valued around current levels, a key economic adviser to Prime Minister Shinzo Abe said on Tuesday, a day after comments he made were taken to mean the yen was too weak.
China's annual economic growth likely slowed to a six-year low of 7 percent in the first quarter as demand at home and abroad faltered, fanning expectations that authorities will have to roll out more policy stimulus to avert a sharper slowdown.
Chipmaker Intel Corp forecast revenue broadly in line with Wall Street's expectations and signaled a hefty cut in capital expenditures this year, lifting its shares in after-hours trading.
Crude oil futures rose on Tuesday on signs of falling U.S. oil production, weakness in the dollar and tensions in the Middle East, particularly Yemen.
Saudi Arabia has reduced contractual crude supplies to some customers in Japan and South Korea since March by trimming the volumes of oil loaded, six industry sources familiar with the matter said on Monday.
Toyota Motor Corp (7203.T), the world's biggest automaker, will spend $1 billion to build a car factory in Mexico and plans to announce the investment on Wednesday, two sources with direct knowledge of the matter said.
