Just months after Ford cancelled plans to build a plant in Mexico and not move some vehicle production south of the border, the automaker says it plans to shift future production of an electric vehicle from Michigan to Mexico. The move is part of a larger plan to free up production space at the automaker’s […]
Read moreAsian markets were mixed on Thursday, as the Hang Seng Index and Nikkei 225 recouped some losses after falling around 2 percent on Wednesday. Stateside, major indexes closed narrowly mixed as investors awaited tax reform developments. Japan’s Nikkei 225 bounced 1.27 percent after falling nearly 2 percent in the previous session. Gains were seen across […]
Read moreAn almost two-year long study of the Chinese financial system by the International Monetary Fund found three major tensions that could derail the world’s second-largest economy. Those tensions emerged as China moves away from its role as the world’s factory to a more modern, consumer-driven economy, the IMF said. The financial sector is critical in […]
Read moreProperty price gains in China are likely to slow due to official efforts to rein in the market, a top real estate executive said Thursday. “For years, the Chinese government has had the effort to control the speed of the fast-rising property price, so there’s always been policies coming out to control the market, but […]
Read moreSingapore Airlines, one of the world’s top ranked carriers, has taken measures to reroute some flights in response to North Korea’s missile tests, Channel NewsAsia reported. The change involves the airline’s Seoul-Los Angeles flights and was put in place following Pyongyang’s July 27 missile launch into the Sea of Japan, the company reportedly told Channel […]
Read moreA 20-year-old Florida man was responsible for the large data breach at Uber Technologies last year and was paid by Uber to destroy the data through a so-called “bug bounty” program normally used to identify small code vulnerabilities, three people familiar with the events have told Reuters. Uber announced on Nov. 21 that the personal […]
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