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Japan appeared largely relieved Thursday that much-anticipated testimony by Toyota's chief executive before US lawmakers was finally over, though analysts said the company's recall woes are no closer to being solved.
General Motors Co will wind down its iconic but tarnished Hummer brand after Chinese regulators rejected a $150 million bid by a Chinese machinery maker to buy the money-losing SUV line.
Australia and China resumed free trade talks Wednesday after a delay of 14 months, a move the Australian government said proved their healthy trading relationship, although Chinese experts say future uncertainties still remain.
Japanese formality meets freewheeling Washington as the mysterious scion of the Toyota empire apologizes before a House committee investigating deadly flaws that sparked the recall of 8.5 million cars.
Federal prosecutors have launched a criminal investigation into Toyota Motor Corp.'s safety problems and the Securities and Exchange Commission was probing what the automaker told investors, the company disclosed Monday. Newly released internal documents showed that Toyota officials visited with US regulators years ago who "laughed and rolled their eyes in disbelief" over safety claims.
The European Union (EU) approved on Thursday Microsoft's proposed acquisition of Yahoo's search business, saying the deal "would not significantly impede effective competition" in the European market.
Toyota's president Akio Toyoda, under fire for his handling of sweeping recalls, will testify before a congressional hearing next week, appealing to US lawmakers and aggrieved customers for understanding while the company fixes its safety problems.
The Bank of Japan (BOJ) decided on Thursday to maintain its key benchmark interest rate at 0.1 percent in a unanimous vote, as the bank faces increased pressure from the government to do more to tackle deflation.
US regulators launched a preliminary investigation into reported steering problems on the Corolla sedan on Wednesday as Toyota Motor Corp faced questions from US lawmakers on whether it had ignored red flags on safety before a wave of vehicle recalls.
NEW YORK: Wall Street was off previous lows but still mired in negative territory on Friday after China's central bank decided to raise its reserve ratio requirements.
A courtyard house next to Beihai Park that was once part of a Qing dynasty palace is being advertised online for 420 million yuan and attracting the interest of State-owned enterprises.
| Name | Value | Change | Time |
| Shanghai | 2,975.24 | -0.28% | Fri |
| Shenzhen | 13,224.98 | +0.87% | Fri |
| HSI | 23,607.22 | -0.18% | Fri |
| NIKKEI | 9,426.71 | +0.54% | Fri |
| Dow | 11,146.57 | +0.35% | Thur |
| Nasdaq | 2,459.67 | +0.09% | Thur |