Reuters: Business

Daimler to start serial production of eActros truck in 2021

STUTTGART (Reuters) - Daimler said on Wednesday it aims to start serial production of an electric heavy truck with a range of 200 km (124 miles) in 2021, Daimler Trucks chief Martin Daum said.

Dollar hits one-week high as focus shifts to Fed

LONDON (Reuters) - The dollar rose to its highest level in a week against a basket of currencies on Wednesday, as investor focus shifted to the minutes of the Federal Reserve's last policy meeting.

Lotte Group Chairman Shin Dong-bin relinquishes management rights at Japanese holding company

SEOUL (Reuters) - Lotte Group Chairman Shin Dong-bin has relinquished his representative rights at a key Japanese holding company, the Japanese company announced on Wednesday.

Slowing U.S. auto sales prompts Japan automakers to rethink discounts

TOKYO (Reuters) - A second year of slowing growth in the U.S. auto market is forcing Japanese automakers to look beyond discounts to grow market share and focus more on boosting profitability in their

Apple in talks to buy cobalt directly from miners: Bloomberg

(Reuters) - Apple Inc is in talks to buy long-term supplies of cobalt for iPhone batteries directly from miners, Bloomberg reported on Wednesday, citing sources.

Union says it will strike if GM plans full South Korea exit

SEOUL (Reuters) - General Motors' South Korean workers will go on a full strike if the U.S. automaker decides to completely pull out of the country, its union head told Reuters on Wednesday, adding he

Asian stocks gain, dollar extends recovery

TOKYO (Reuters) - Asian stocks gained on Wednesday, while the dollar advanced as traders near-term focus shifted to the minutes of the Federal Reserve's last policy meeting for hints on the future

GM proposes $2.8 billion, 10-year investment in South Korea: government official

SEOUL (Reuters) - General Motors has proposed investing $2.8 billion into its loss-making South Korean operations over the next 10 years and has asked Seoul to provide funds for the investment, a

US FDIC sues 16 banks alleging Libor manipulation in Doral collapse

(Reuters) - A U.S. regulator on Tuesday filed a lawsuit against 16 U.S. and international banks alleging they had manipulated bbaLIBOR, which is a series of interest-rate benchmarks, leading to the

HNA property unit pledges 41 percent stake as collateral for loan

HONG KONG (Reuters) - A HNA Group unit said it has pledged about 41 percent of the company as collateral for a loan from a Hong Kong private equity firm, part of a slew of fundraising efforts by the

Asian stocks led higher by Japan as dollar extends recovery

TOKYO (Reuters) - Japanese shares led Asian markets higher after a weak start on Wednesday, with Japanese export focused companies attracting investors as the dollar gained against the yen thanks to

Asian stocks led higher by Japan a dollar extends recovery

TOKYO (Reuters) - Japanese shares led Asian markets higher after a weak start on Wednesday, with Japanese export focused companies attracting investors as the dollar gained against the yen thanks to

Exclusive: Japan to buy at least 20 more F-35A stealth fighters - sources

TOKYO (Reuters) - Japan plans to buy at least 20 additional F-35A stealth fighters over the next six years, some or all of which it may purchase directly from Lockheed Martin Corp in the United States

South Korea's cryptocurrency industry welcomes regulator's dramatic change of heart

SEOUL (Reuters) - South Korea's cryptocurrency industry is anticipating much better times as the market regulator changes tack from its tough stance on the virtual coin trade, promising instead to

GM offers $2.8 billion investment in South Korea over 10 years: South Korea official

SEOUL (Reuters) - General Motors has proposed $2.8 billion of fresh investment into its South Korean operations over the 10 years as part of its plan to restructure the embattled unit, a South Korean

Asia stocks dip, dollar recovery continues as yields rise

TOKYO (Reuters) - Stock markets dipped after a long winning run on Wall Street ended overnight, while the dollar gained momentum on Wednesday as yields on U.S. Treasury debt headed for highs not seen

Steven Cohen loses bid to seal lawsuit alleging sexism at Point72

NEW YORK (Reuters) - A U.S. judge on Tuesday rejected billionaire investor Steven A. Cohen's request to temporarily seal a lawsuit accusing his hedge fund firm Point72 Asset Management LP of sexism

Dow, S&P snap winning streak as Walmart weighs

NEW YORK (Reuters) - The Dow and S&P 500 fell on Tuesday to snap a six-session winning streak as a sharp decline in Walmart weighed heavily, but gains in Amazon and chip stocks helped the Nasdaq

Judge denies AT&T access to White House correspondence on Time Warner deal

WASHINGTON (Reuters) - A judge on Tuesday denied AT&T Inc's request to see White House communications that might shed light on whether U.S. President Donald Trump pressured the Department of

VW bid to delay first U.S. diesel emissions trial rejected

FAIRFAX, Va. (Reuters) - A Virginia state court judge on Tuesday rejected a request by the U.S. unit of Volkswagen AG to delay several of the company's trials over excess emissions because of