Business

U.S. urges 50,000 Chevy Bolt owners to park outside because of fire risks

U.S. auto safety regulators on Wednesday urged about 50,000 owners of General Motors electric Chevrolet Bolt vehicles that were recalled last year to park outside and away from homes and other structures after charging because of fire risks. Earlier on Wednesday, GM made the same recommendation and added owners should not leave vehicles charging overnight. […]

Business

Hit by commodity inflation, Japan firms gradually pass on costs

Few Japanese firms are considering cutting prices of their main goods and services in the latter half of this year, whereas most would go ahead with price hikes or keep them unchanged, the poll showed. The Corporate Survey signalled a move away from a price-setting stance seen during nearly two decades of deflation in which […]

Business

Toyota buys U.S. mapping, road data firm to bulk up driverless tech

Toyota Motor Corp’s research arm said on Thursday it acquired U.S.-based Carmera, a provider of maps and data for driverless vehicles, marking the Japanese car maker’s latest investment in autonomous technology. The purchase, through newly created subsidiary Woven Planet for an undisclosed sum, underscores Toyota’s push to bulk up its self-driving arsenal as traditional automakers […]

Business

BlackRock profit beats as assets grow to a record $9.5 trillion

BlackRock Inc, the world’s largest asset manager, reported a better-than-expected quarterly profit on Wednesday as investors poured more money into the company’s funds, driving robust fee growth and boosting its assets under management to a record high. BlackRock’s assets under management jumped to a record $9.49 trillion in the second quarter from $7.32 trillion a […]

Business

Exxon hiring more temporary workers as Texas refinery lockout continues

Exxon Mobil Corp said on Wednesday it will begin hiring additional temporary operators of its Beaumont, Texas refinery as a lock out of 650 union-represented workers runs into its 11th week. Exxon said it took the decision to hire the new workers after four meetings with the United Steelworkers (USW) union local 13-243 failed to […]

Business

U.S. Treasury pays out $15 bln in Child Tax Credit installment

Treasury said that the July payments went to families with nearly 60 million eligible children. Eligible families received an initial monthly payment of up to $300 for each child under 6-years-old and up to $250 for each child age 6-17. The ARP made half of the tax credit for the 2021 tax year payable in […]

Business

China industrial output rises 8.3% in June, retail sales up 12.1%

China’s industrial output grew 8.3% in June from a year earlier, slowing from a 8.8% rise in May, official data showed on Thursday. But the figure was higher than a 7.8% rise forecast in a Reuters poll of analysts. Retail sales rose 12.1% from a year earlier in June. Analysts had expected an 11.0% increase […]