A U.S. warship struck by a container vessel in Japanese waters failed to respond to warning signals or take evasive action before a collision that killed seven of its crew, according to a report of the incident by the Philippine cargo ship’s captain. Multiple U.S. and Japanese investigations are under way into how the guided […]

The U.S. and India are likely to keep expectations low while scoring easy wins during a meeting between President Donald Trump and Prime Minister Narendra Modi this week, analysts said Monday ahead of the Indian leader’s visit to Washington. “The Indians especially would want this to be more of a handshake meeting, and would like […]

While investors seem to have come to a consensus view that the U.S. dollar rally is coming to an end, Credit Agricole has offered a contrarian take: There is room for the greenback to strengthen. David Forrester, the bank’s FX strategist told CNBC Monday that markets have been predominantly focused on U.S. inflation data and […]

India’s Prime Minister Narendra Modi met on Sunday with the creme de la creme of corporate America, in a CEO roundtable that contrasted sharply with a U.S. President Donald Trump‘s recent tech roundtable. Modi, who was expected to meet with Trump on Monday, attended the high-profile meetings set up via the Indian embassy, in which […]

Filing for bankruptcy protection may not be enough to help troubled Japanese auto-parts maker Takata untangle itself from what is considered one of the biggest recalls in automotive history, analysts told CNBC. The Japanese airbag manufacturer on Monday filed for bankruptcy protection in Japan and the United States. U.S.-headquartered auto parts supplier Key Safety Systems […]

Fitch Ratings has issued a widespread downgrade to Noble Group, as poor liquidity and weak profitability continue to hinder the turnaround of the struggling commodities trader. Fitch downgraded Noble’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to “CCC” from “B-.” At the same time, the agency downgraded Noble’s senior unsecured rating and the ratings on all […]

In their first face-to-face meeting, U.S. President Donald Trump and India’s Prime Minister Narendra Modi will attempt to build trust and a rapport in what some are calling a “bromance in the making.” If they don’t, billions of dollars could be a stake. When Modi meets President Trump for the first time on Monday, there […]

Paul Jacobs is the chairman of chip-making giant Qualcomm, a company his father co-founded in 1985. Today, Qualcomm is to the smartphone what Intel once was to the PC. Qualcomm helped pioneer early cellular technology and is still on the cutting edge of today’s LTE and future 5G networks. Over the years, it has shown […]

Japan’s Takata, the firm at the center of the auto industry’s biggest ever product recall, will file for bankruptcy protection in Japan on Monday with liabilities of more than 1 trillion yen ($9 billion), a source said. The decision came at a special meeting of the air-bag maker’s board, public broadcaster NHK said. The Nikkei […]

Activist investor Daniel Loeb‘s Third Point LLC on Sunday unveiled a more than 1 percent stake in Switzerland’s Nestle SA and urged the world’s largest packaged foods maker to improve its margins, buy back stock and shed non-core businesses. The stake, worth around 3.28 billion Swiss francs ($3.4 billion), is one of the largest taken […]