Sectors

Toyota

Toyota executive stands by Takata as supplier despite air bag troubles

A top Toyota Motor Corp (7203.T) executive said on Wednesday the Japanese automaker has no plans to abandon Takata Corp (7312.T) despite the supplier's struggles with air bag inflators that could rupture and spray metal shrapnel at vehicle occupants.

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Boeing

Boeing and Chinese partner to make jet fuel from 'gutter oil'

Aircraft makers Boeing and Commercial Aircraft Corp of China have launched a joint pilot project to turn used cooking oil into jet fuel.

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Power lines

Japan's power failure: Bid to forge national grid stumbles

After the Fukushima disaster crippled Japan's nuclear energy sector three years ago, the government pledged the biggest shake up in the history of the fragmented electricity industry to boost competition and contain a surge in power prices.

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Internet Cafe

Hungary plans to impose new tax on Internet traffic

Hungary's government plans to levy a new tax on Internet data transfers, according to the draft 2015 tax bill submitted to parliament late on Tuesday, which could hit Internet providers and the country's telecommunications companies.

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Standard Life House

Standard Life, ICBC to broaden cooperation in China, UK, Hong Kong

British insurer Standard Life (SL.L) and Industrial and Commercial Bank of China (ICBC) (601398.SS) said on Wednesday they had agreed to look at developing savings and investment services together.

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Philippine Airlines Inc (PAL)

Philippine Airlines majority owner Tan seeks to buy out minorities at huge discount

Philippine Airlines (PAL) majority owner Lucio Tan is offering to buy out minority shareholders in PAL Holdings Inc (PAL.PS), the carrier's parent company, at 1.19 pesos per share, less than a quarter of the stock's current market price, regulatory filings showed.

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Softbank Corp

SoftBank leads $100 million investment in Indonesian ecommerce firm Tokopedia

SoftBank Corp announced Wednesday it will lead a $100 million investment round in Indonesian ecommerce giant PT Tokopedia, the Japanese mobile carrier's third investment overseas under Vice Chairman Nikesh Arora.

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Lufthansa

Lufthansa close to deal with IBM for IT infrastructure unit

German airline Lufthansa (LHAG.DE) is close to a deal to sell its IT infrastructure unit to IBM (IBM.N), including an outsourcing agreement for the services, as part of a shake-up of its technology activities, it said on Wednesday.

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Hong Kong Exchange

Investors seek more time to prepare for Hong Kong-Shanghai stock tie-up

Some of the world's biggest banks and asset managers have asked the Hong Kong securities regulator for more time to prepare for a landmark China stock trading link due to uncertainty over the rules of the scheme, according to a letter seen by Reuters.

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Toronto Stock Exchange

QE2 Acquisition Corp. Announces Closing of Qualifying Transaction

QE2 Acquisition Corp. (formerly Crowsnest Acquisition Corp.) (the "Corporation") (TSX VENTURE:CAW.P), is pleased to announce that further to its news releases dated February 28, 2014, April 16, 2014, July 21, 2014, September 4, 2014 and October 7, 2014 that it has closed its Qualifying Transaction (as such term is defined in the policies of the TSXV) and subject to receiving final TSX Venture Exchange ("TSXV")

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Gazprom

No Russia-Ukraine gas deal at EU talks; Moscow queries finances

Russia and Ukraine failed to reach an accord on gas supplies for the coming winter in EU-brokered talks on Tuesday but agreed to meet again in Brussels in a week in the hope of ironing out problems over Kiev's ability to pay.

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Tesla Model S car

Michigan becomes fifth U.S. state to thwart direct Tesla car sales

Michigan Governor Rick Snyder signed a bill on Tuesday that will keep electric carmaker Tesla Motors Inc (TSLA.O) from selling its cars directly to consumers in the state, home to the biggest U.S. automakers.

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iPhone 6 in Moscow

Apple seen riding higher on strong iPhone demand, iPad rebound

Strong global demand for Apple Inc's (AAPL.O) iPhone 6 will drive revenue growth through 2015, while updated models should help reverse three straight quarters of declining iPad sales, analysts said.

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House

U.S. existing home sales at one-year high, prices up

U.S. home resales raced to a one-year high in September, the latest indication the housing market recovery is gradually getting back on track.

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FAW-Volkswagen

As China gets tougher on fuel economy, some carmakers may be left behind

Chinese automakers from state-owned FAW Co to Zhejiang Geely are racing to sell more eco-friendly cars as they try to meet tough fuel economy rules due next year as part of Beijing's battle against pollution.

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