Business

Ford Recalls 191,770 Focus Sedans In China On Fuel Leak Risk

Ford Motor Co will recall 191,770 cars in China from Friday to replace some parts after a quality watchdog found a fuel leak risk in the Ford Focus, the country's best-selling compact sedan. Ford's Chinese venture Changan Ford Automobile Co...

Nigeria’s Access Bank Meeting Investors Over Possible Share Sale

Nigeria's Access Bank has been meeting with domestic investors over the past week to gauge interest in a possible rights issue of 60-70 billion naira ($369-$431 million) by the fourth quarter, a fund manager and a banking source with...

Stolen JPMorgan Data Rerouted To Russia: Bloomberg

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Investigators working on the cyber attack at JPMorgan Chase & Co have found clues that a global network of computers available for hire was used to send the stolen data to a Russian city, Bloomberg reported, citing people familiar...

Parmalat Ordered To Pay Citibank $431 million: Lawyers

An Italian court upheld a ruling by a U.S. court for dairy group Parmalat (PLT.MI) to pay Citibank (C.N) $431 million in damages in a case relating to the Italian company's 2003 bankruptcy, lawyers for the U.S. bank said...

Airbus Wins 1,001 Gross Plane Orders In Jan-Aug

European planemaker Airbus (AIR.PA) said on Thursday that it won 1,001 gross plane orders in the first eight months of the year. Taking cancellations into account, net orders totaled 722 aircraft through August. Airbus added that it delivered 389 planes in...

Fukushima Workers Sue Tepco Over Unpaid Hazard Wages

Workers decommissioning Japan's crippled Fukushima nuclear plant have sued its operator Tokyo Electric (Tepco) over unpaid hazard wages. The four men are demanding about 65m yen (£375,000; $620,000) in extra pay. They claim the compensation for removing contaminated debris and patrolling...

Asian Shares Rise, Dollar On Top Of The Heap

Upbeat Chinese services activity reports helped lift Asian shares on Wednesday, while the dollar was close to 14-month highs against a basket of major currencies after data underscored that the U.S. economy continues to gather gradual momentum. Two surveys showed...

Audi Expects To Sell More Than 1.7 mln Cars In 2014 – CEO

Premium car maker Audi expects to sell more than 1.7 million cars in 2014 even as sales momentum in some emerging markets slows, Chief Executive Rupert Stadler said. Audi, owned by Volkswagen, delivered 1.01 million cars in the first seven...

Shell CEO Says U.S. Should Export Oil To Stabilize Markets

U.S. policymakers should gradually lift the country's decades-old ban on crude oil exports because allowing the shipments would make the global energy system and fuel prices more stable, the head of Royal Dutch Shell Plc (RDSa.L) said on Tuesday. "Policymakers...

McDonald’s To Boost China Supplier Audits After Food Safety Scandal

McDonald's Corp will increase the number of audits it conducts of suppliers in China, the firm said on Tuesday, after a food scandal in July dented China sales at the U.S. fast food chain and rival Yum Brands Inc. In...