Canada’s notoriously oligopolistic big banks have long dominated the financial industry largely thanks to one simple fact: There’s just six of them. But they could soon become seven if a one sleepy Crown corp has its way.
Japan's top mobile phone operator NTT DoCoMo Inc. said Friday its net profit rose nearly 12 percent in the first quarter, boosted by the growing popularity of smartphones.The nation's largest mobile carrier by subscriber numbers said net profit for the fiscal first quarter -- from April to June -- stood at 158.7 billion yen ($2.05 billion), up 11.7 percent from a year earlier.DoCoMo, whose smartphone lineup includes Samsung Electronic Co.'s Galaxy S, said it had 58.4 million subscribers at the end of June, adding 1.9 million from the same time of last year.
Good morning! Here are 10 of the most important stories in markets today. European PMI readings are coming. French, German and eurozone purchasing managers indexes (business surveys) will be out between 8 a.m. and 9 a.m. GMT (4 and 5 a.m. ET). Economists are expecting improvement across the board after a recent run of good news from Europe.
SHANGHAI — General Motors Co’s China joint venture will recall close to 1.5 million vehicles due to potential safety issues in one of the biggest recalls in the world’s biggest autos market.
Shanghai General Motors Co Ltd, GM’s venture with SAIC Motor Corp, will recall about 1.46 million Buick and Chevrolet models produced locally due to issues with a bracket that secures the fuel pump, the country’s quality watchdog said on Friday.
Some of the recalled vehicles include the Chevy Sail which is exported to emerging markets, a Shanghai-based GM official said.
SHANGHAI (Reuters) - General Motors Co <GM.N> and its China joint venture partner will recall close to 1.5 million vehicles due to potential safety issues in one of the biggest recalls in the world's biggest autos market.
Japan's tourism industry is booming, and it's one of the most successful parts of Prime Minister Shinzo Abe's growth strategy, according to researchers at investment bank Societe Generale. Visitors to the country more than doubled between 2011 and 2014 (Abe became Prime Minister again at the end of 2012).
After a belligerent start in the US market and Europe, Tesla Motors Inc (NASDAQ:TSLA) is now banking heavily on creating the same impact in Asia. While the Palo Alto-based automaker considers China to be its most important market in the region, Japan we believe, could be a close second in importance for Tesla, given an unprecedented display of mass adoption for electric vehicles (EV) and related technology.