• Reuters

    Toyota's scandal-hit Daihatsu aims to resume vehicle development this year

    Scandal-hit Toyota Motor subsidiary Daihatsu aims to fully resume developing vehicles by as early as the end of this year, the president of the compact carmaker told reporters, adding that he saw opportunities in South America and Africa. Daihatsu last year said it had rigged safety tests for some 88,000 small cars, most of them sold under the Toyota brand, with the scandal posing a reputational risk for Japan's largest automaker. New President Masahiro Inoue was dispatched from Toyota to turn Daihatsu around and put it on a path to growth.

  • Reuters

    FOREX-Dollar suffers PMI hangover, Aussie jumps on inflation surprise

    The dollar nursed its wounds on Wednesday following big tumbles against the euro and sterling, but the yen remained mired near 34-year lows even as Japanese officials stepped up intervention warnings. The Australian dollar made the most of a weakened greenback as it rallied on the back of hotter-than-expected local consumer price data, leading markets to abandon hopes for any rate cuts from the Reserve Bank of Australia in the near-term. "The Australian dollar has benefited from a re-evaluation of the RBA's monetary policy path, but geopolitical risks remain."

  • BBC

    Brain op failings at trust for more than decade

    One man wasn’t told that probes had been placed in the wrong place for nearly eight years.