Editor’s Picks /
29 June 2016 at 5:24 GMT
Bloomberg
Cheques for $5,100 to $10,000 written to Americans who bought Volkswagen diesel cars equipped to fool emissions tests may appease those owners, but they hardly constitute a victory for clean air. Rather than declare the matter closed, regulators in the US and Europe need to redouble efforts to end all varieties of test-gaming in the auto industry. Since VW’s “dieselgate” broke last September, Mitsubishi has admitted it cheated on fuel-efficiency tests, and Renault recalled 15,000 vehicles with faulty pollution-filtering systems.
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Article /
12 May 2016 at 8:56 GMT
Big news in the world of motoring today with Nissan moving in to rescue Mitsubishi from the fallout of its emissions fraud. But elsewhere calm reigns with most dollar pairs stuck in limbo and awaiting a catalyst and crude oil similarly uninspired despite still-raging Canadian wildfires and Nigerian disruptions.
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Editor’s Picks /
28 April 2016 at 0:36 GMT
Nikkei Asian Review
For the commodities market, the good times have come and gone, but the bad times are only just beginning. Each commodities supercycle has always been followed by a downturn that lasted just as long, or longer. With demand weak and oversupply rampant, it is unlikely that this time will be any different. For many countries and companies, this means the only options are adapt or die. Commodities accounted for more than 80% of total exports in 63 of 135 developing countries in 2012-13. Brazil and South Africa were investor darlings until a few years ago. Now their economies are in turmoil, dragged down by their ailing mining sectors. Even richer countries, such as Canada and Australia, are suffering hangovers from the mining boom.
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Editor’s Picks /
20 August 2015 at 3:47 GMT
Nikkei Asian Review
The massive explosions at the port of Tianjin last week likely will have far-reaching repercussions on the broader Chinese economy, resulting in a prolonged slowdown of industrial activity and necessitating massive compensation for affected residents. Tetsuya Abe writes 17,000 condominium units were damaged by the August 12 blasts, which occurred at a warehouse containing toxic chemicals. Reports on Wednesday of the detection of nerve gas at the site further spooked residents. Environmental authorities' assurances that no such gas has been detected failed to calm them.
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Editor’s Picks /
22 May 2015 at 0:03 GMT
Nikkei Asian Review
A record 61 publicly traded Japanese companies booked JPY 100 billion or more in net profit in fiscal 2014, according to the Nikkei Asian Review. The situation has been partly attributed to successful structural reforms and corporate buyouts but businesses are also thriving because of aggressive acquisitions in foreign markets. Toyota came in at the top, thanks to strong car sales in North America and the weak yen, while Mitsubishi UFJ Financial Group became the first Japanese bank to top JPY 1 trillion, partly due to the soft currency.
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