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Nissan, Toyota back U.K. plants despite May's Brexit plan

Jan 19, 2017

Nissan, Toyota back U.K. plants despite May's Brexit plan

Toyota Motor Corp. and Nissan Motor Co. say they’ll keep making cars in the U.K. despite Prime Minister Theresa May’s plan to leave the European Union’s single market, which could make exporting from British factories less lucrative. May’s Brexit plan, outlined Tuesday, won’t derail ...

| Jan 19, 2017

Nikkei closes above 19,000 on yen's fall

Stocks gained further ground on the Tokyo Stock Exchange Thursday thanks to the yen’s easing, lifting the benchmark Nikkei average to its first finish above 19,000 in three days. The 225-issue Nikkei average gained 177.88 points, or 0.94 percent, to end at 19,072.25. On ...

Jan 19, 2017

Mitsui to acquire role in U.K.'s East Anglia railway

Trading house Mitsui & Co. said on Wednesday it has reached an agreement to acquire a 40 percent stake in a British rail franchise from a subsidiary of the Dutch national railway. Both Mitsui and Abellio Transport Group Ltd., a wholly owned subsidiary of ...

Jan 19, 2017

Europe's Galileo satellite navigation system suffers multiple clock failures

Europe’s beleaguered Galileo satellite navigation system has suffered another setback, with clocks failing onboard a number of satellites in space, the European Space Agency said Wednesday. Designed to render Europe independent from America’s GPS, the €10 billion ($11 billion) project may experience further delays ...

Manufacturing surge, labor crunch show U.S. economic health, Fed says

Jan 19, 2017

Manufacturing surge, labor crunch show U.S. economic health, Fed says

A pickup in manufacturing, “widespread” reports of labor shortages and improving business investment set the stage for the Federal Reserve’s December rate hike amid signs of steady economic growth across the country, the Fed reported Wednesday in its latest Beige Book compendium of economic ...