General Motors and its joint venture in China, Shanghai GM, will recall more than 2.5 million vehicles due to faulty airbag inflators, China’s top quality watchdog said. The vehicles are equipped with airbag inflators produced by troubled Japanese manufacturer Takata, according to the General Administration of Quality Supervision, Inspection and Quarantine (GAQSIQ). From Oct. 29, […]

North Korea’s growing armed belligerence is a strategic opportunity for American multinational Honeywell. “We fully expect it [North Korea] will help the defense side of our business because Japan, South Korea and others are going want to protect themselves and be a lot more careful because who knows where something like this can go,” David […]

Although markets did not react much to North Korea’s latest missile launch — which rocketed over Japan Friday morning — the chairman of the largest Japanese bank had a warning for his fellow citizens. “We need to worry about this,” Nobuyuki Hirano, chairman of Bank of Tokyo-Mitsubishi UFJ and CEO of parent company Mitsubishi UFJ […]

Germany’s largest bank reportedly expects subpoenas or requests from authorities investigating potential coordination between Donald Trump’s presidential campaign and the Russian government. But until there’s a binding request, his bank won’t give anything up, Deutsche Bank CEO John Cryan told CNBC. The German lender has done business with the current U.S. president for decades, and […]

Technology threatens jobs in many industries, but one bank chief is already predicting that “a lot of people” in his industry will see their roles taken by automation in the next five to 10 years. Deutsche Bank CEO John Cryan has made headlines before for his prediction that technology will end many banking jobs, but […]

The movie company that made “The Wolf of Wall Street”, and was co-founded by the Malaysian prime minister’s step son, has settled a civil lawsuit brought by the U.S. government to seize assets allegedly bought with money stolen from a Malaysian state fund. Red Granite Pictures announced the settlement in a filing at the federal […]

South Korea’s President Moon Jae-in and U.S. President Donald Trump agreed to exert stronger pressure through sanctions on North Korea following its nuclear and missile tests, South Korea’s presidential office said following a telephone call between the two leaders on Sunday. “The two leaders agreed to strengthen cooperation, and exert stronger and practical sanctions on […]

With bond yields spending years barely hovering above zero in most developed markets, big money investors are having to get creative to find returns. For many, that means taking their money to riskier assets. Here’s what some of the biggest names in fixed-income investing had to say this week at Milken Institute events in Singapore: […]

Sunday’s Singapore Grand Prix final will see tremendous quantities of real-time data transmitted to factories all over the world in what’s expected to be a major technological breakthrough. During the 90-minute race, “we will be seeing about 10 terrabytes of data float through the system, which makes it the biggest science project on the planet […]

China’s ambassador to Washington on Friday called on the United States to refrain from making threats over North Korea, which a day earlier launched another missile over Japan into the Pacific Ocean. Ambassador Cui Tiankai told reporters at an embassy event: “Honestly, I think the United States should be doing … much more than now, […]