A 12-nation Pacific trade agreement cleared a crucial test in the U.S. Senate on Thursday, giving a resounding thumbs-up to legislation that holds the key to President Barack Obama's diplomatic pivot to Asia.
Japan's three biggest carmakers said on Wednesday they would expand a huge global recall triggered by potentially fatal air bags made by Takata Corp, saying they were taking back millions of vehicles worldwide for investigation.
Japan's Takata Corp (7312.T) said it expects to return to profit this financial year on higher Asian and U.S. sales, but the troubled company made few provisions for possible costs related to a massive global recall of its exploding air bags.
Bombardier Inc outlined plans to list a minority stake in its rail unit on Thursday, as it reported a quarterly profit that topped market expectations. The initial public offering is expected to take place in the fourth quarter and the main listing is likely to be in Germany, where its rail business is headquartered.
Ford Motor Co (F.N) said on Wednesday it is recalling more than 591,000 vehicles in North America for four separate problems, including possible broken bolts that could make steering more difficult.
China's top two trainmakers have been in discussions with Bombardier Inc (BBDb.TO) about possibly buying a controlling stake in the Canadian company's railway unit, two sources with direct knowledge of the matter said.
Canada must make a meaningful offer to open its markets under a Pacific trade pact now that the United States is moving ahead with a key piece of trade legislation, New Zealand Trade Minister Tim Groser said on Friday.
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.
Cirque du Soleil is in advanced talks with two private equity consortia about selling a majority stake in what is the largest theatrical production company in the world, according to people familiar with the matter.
Japan and Taiwan have imposed trade restrictions on poultry and poultry products from Ontario, the Canadian Food Inspection Agency said on Tuesday, a day after bird flu was confirmed in the Canadian province.
Best Buy Co Inc (BBY.N) plans to close some stores and consolidate its operations in Canada, the U.S. electronics retailer's second-largest market, in a move that will hurt earnings this year, the company said on Saturday.
Ford Motor Co said on Wednesday it is recalling more than 220,000 vehicles in North America for potential issues with door handles, vacuum pump relays and sensors.
Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd (0883.HK), is closing its crude oil trading division following a round of job cuts announced last week, four market sources said on Monday.
Shares of U.S.-based agribusiness Andersons Inc (ANDE.O) jumped more than 6 percent on Friday, outpacing the sector, after a Bloomberg News report speculated that Glencore PLC (GLEN.L) could be interested in acquiring the company.
The Australian government has sided with farmers who say official data vastly underestimates foreign ownership of the nation's farmland, as it moves to clamp down on overseas purchases of agricultural land.
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