Bloomberg China’s diesel demand is likely to pick up pace ahead of the Lunar New Year as traders stock up barrels ahead of the festivities and as construction activity picks up in some areas, four trade sources said on Thursday. Implied diesel demand in October in China, the world’s second-largest oil user, rose to 3.4 million barrels per day, …

  Bloomberg Toshiba Corp.’s impending multibillion-dollar writedown has triggered one of the worst-ever share declines for a major Japanese company, with ratings downgrades and investor pessimism erasing almost all of its 87 percent rally this year. Shares in the electronics and industrial conglomerate fell 17 percent to 259 at the close on Thursday. Toshiba said it may write down billions …

  Bloomberg For years, Toyota Motor Corp. focused on pushing its hybrid models in Europe, avoiding a diesel-for- diesel competition with market leaders including Volkswagen AG. The Japanese carmaker’s strategy is finally paying off. In the first full year since Volkswagen’s emissions scandal threw the German giant into disarray, Toyota is on track for roughly a 40 percent jump in …