Report calls UK financial watchdogs cowed and secretive
LONDON Two British watchdogs set up to apply lessons from the financial crisis will sleepwalk into the next banking meltdown if they don't make big changes, a report said on Tuesday.
TOKYO Japanese automaker Mitsubishi Motors Corp (7211.T) will resume domestic sales of eight vehicle models on Oct. 1, the company said on Friday, after correcting overstated mileage readings in its second cheating scandal this year.
Japan's sixth largest automaker has admitted it falsified the mileage on 12 models, including the Pajero and Outlander SUV, taking a blow to its reputation.
The latest suspension came after a two-month suspension in sales of four minivehicle models this year, including two produced for Nissan Motor Co. (7201.T), following the initial admission of incorrect fuel economy readings.
The market value of the company has tumbled since that scandal broke, prompting it to seek financial assistance from Nissan, which agreed to buy a controlling one-third stake for $2.2 billion.
Japan is Mitsubishi's fifth-largest market, following markets including Asia ex-Japan, Europe and other regions. Its home country comprised roughly 10 percent of its vehicle sales during 2015/16.
(Reporting by Maki Shiraki and Naomi Tajitsu; Editing by Clarence Fernandez)
Netflix Chief Executive Reed Hastings said he was in favour of AT&T Inc's planned $85.4 billion (69.86 billion pounds) acquisition of Time Warner Inc, provided that his popular media streaming company continued to be treated fairly.
ZURICH Syngenta , the world's largest pesticides maker being taken over by state-owned ChemChina, expects the deal to stretch into the first quarter of next year, it said on Tuesday, missing its original forecast for it to close this year.