Bloomberg Auto-parts suppliers shares jumped in Asian trading after Wall Street Journal reported that Tesla Inc. reached an agreement with Shanghai’s government to build a fully owned manufacturing facility in the city’s free trade zone. “As far as I know, there is no such agreement,” Guo Lei, an official at Shanghai’s Economy and Information Technology Commission who is in charge ...

Bloomberg Toshiba Corp. forecast an annual net loss of $968 million on the tax impact of selling its memory chip division to a group led by Bain Capital. The Tokyo-based company revised its forecast from an earlier estimate of 230 billion in net income, according to a statement. The company left its operating profit and sales forecasts for the year ...

Bloomberg Singapore, among the world’s most expensive places to own a vehicle, will stop increasing the total number of cars on its roads next year. The government will cut the annual growth rate for cars and motorcycles to zero from 0.25 percent starting in February, the transport regulator said. “In view of land constraints and competing needs, there is limited ...