Shares of Toyota Motor Corp and Subaru Corp dropped on Friday after the two Japanese car makers announced recalls of their first mass-produced electric vehicles (EV) for the global market because of a risk the wheels could come loose. Read More
SHANGHAI — China’s central bank on Friday increased the injection of liquidity into the banking system through open market operations, as demand for cash for the end of the first half of the year started to pick up. Read More
BEIJING/HONG KONG — Asian shares wobbled while commodity prices fell on Thursday as mounting worries about the risks of a global recession amid aggressive rate hikes by the Federal Reserve kept broad investor sentiment fragile. Read More
BEIJING (AP) — The conflict in Ukraine has “sounded an alarm for humanity,” Chinese leader Xi Jinping said Wednesday, as China continues to assume a position of neutrality while backing its ally Russia. Read More
(Bloomberg) — JPMorgan Asset Management is doubling down on China tech stocks after enduring a tumultuous selloff, betting that a wind-down of regulatory crackdowns and attractive valuations will pay off big. Read More
MELBOURNE — Australia’s energy market operator said on Wednesday it would lift its unprecedented suspension of the spot electricity market in stages, starting on Thursday, as a return of some coal-fired generation eased the country’s power crisis. Read More
PARIS — Peugeot, one of Stellantis’ French brands, unveiled its new 408 model on Wednesday, betting the “fastback” sedan will attract motorists suffering from sports-utility vehicle (SUV) fatigue. Read More