Beijing / Bloomberg Mitsubishi Motors Corp. admitted to manipulating test data involving 625,000 vehicles in order to improve fuel-economy claims. The affected models include those supplied to Nissan Motor Co., which discovered the manipulation, according to a statement by Mitsubishi Motors. The two companies are discussing compensation and Mitsubishi is also checking whether the cheating affected overseas models. Mitsubishi ...

  Sydney / AFP Australia on Wednesday boosted funding to the corporate regulator by Aus$127.2 million (US$99 million) and appointed a special prosecutor to investigate financial crime, in sweeping reforms prompted by public outrage over numerous bank scandals. The nation’s major banks — which regularly rake in multi-billion-dollar profits — have been under scrutiny following a series of consumer fraud ...

  TOKYO / AP Japan’s exports fell for a sixth straight month in March, sapped by weak shipments of machinery and chemicals, though a sharper decline in imports helped push the trade surplus to its highest level in more than five years. Customs data reported on Wednesday showed exports fell 6.8 percent from a year earlier to 6.46 trillion yen ...