The Traderszone Network

WASHINGTON/DETROIT (Reuters) – Japanese air bag manufacturer Takata Corp (7312.T) is doubling a recall of potentially deadly air bags to nearly 34 million vehicles, creating the largest automotive recall in American history, U.S. safety regulators said on Tuesday. The recall involves passenger and driver-side air bag inflators in vehicles made by 11 automakers, the U.S. Department of Transportation, the National Highway Traffic Safety Administration and Takata said.

read more

Wal-Mart’s sluggish quarterly results that were released on Tuesday highlighted the importance of growing its online business. “They continue to try to grow e-commerce which is good because it is growing.

US authorities have charged three Tianjin University professors and three other Chinese citizens with economic espionage. The FT reports.

An otherwise good performance was marred by lower gas prices, food deflation, and aggressive competition.

Submitted by Dmitry Orlov via Club Orlov blog,

One of the fake stories kept alive by certain American politicians, with the help of western media, is that Vladimir Putin (who, they vacuously claim, is a dictator and a tyrant) wants to reconstitute the USSR, with the annexation of Crimea as the first step.

Instead of listening to their gossip, let’s lay out the facts.

read more

Jesper Bargmann, head of Trading, Asia at Nordea Markets, says the slide in the euro following comments from an ECB policymaker suggests that the currency is on its way back to dollar parity.

Tokyo stocks edge higher toward a fresh 15-year high after data show Japan’s economy grew at its fastest pace in a year during the first quarter.
read more