Bloomberg Honda Motor Co. raised its forecast for full-year profit as demand for Vezel and XR-V sport utility vehicle models surged in China, the carmaker’s second-largest market. Net income will probably rise to 415 billion yen ($3.96 billion) in the fiscal year ending in March, more than the 390 billion yen forecast in May, according to a statement from ...

  Bloomberg South Korea, home to the world’s three biggest shipbuilders, plans to spend about 11 trillion won ($9.6 billion) by 2020 to help the industry amid a dearth of new orders and prolonged losses. The government intends to order more than 250 vessels and provide about 6.5 trillion won in financing support to strengthen shipping companies’ efficiency through the ...

  Brussels / AFP Euro-area growth stayed its course in the third quarter, a sign the European Central Bank’s efforts to revive the economy have borne fruit even in the face of inadequate structural reforms. Gross domestic product rose 0.3 percent in the three months to September, according to an initial estimate published by the European Union’s statistics office on ...

  Bloomberg General Electric Co. agreed to combine its oil and gas business with Baker Hughes Inc., creating an industry giant with a broader suite of offerings amid the ongoing slump in crude prices. GE will own a 62.5 percent stake in the combined provider of oilfield services, which will be publicly traded and have $32 billion in sales, the ...

  Bloomberg UK software company FreeAgent Holdings Ltd. has said it plans an initial public offering on the London Stock Exchange’s AIM market for small, growth-oriented companies. Edinburgh, Scotland- based FreeAgent provides cloud-based accounting software for what it calls “micro-businesses,” a term it defines as companies with fewer than 10 employees. Its decision to float bucks strong headwinds in the ...

  Bloomberg When US auto sales numbers arrive on Tuesday, Nissan Motor Co. is expected to look pretty good — or at least less bad than its competition. The Japanese automaker’s sales slipped just 1.5 percent in October, compared with drops of 6.9 percent for General Motors and 11 percent for Ford, analysts estimate. Behind Nissan’s result, though, is a ...

  Reuters Major stock markets in the Middle East rose slightly on Monday, outperforming sluggish bourses in Asia and Europe, as Saudi banks continued rebounding on the back of October’s huge international bond issue by their government. The bond issue has allowed the government to suspend, at least temporarily, domestic bond sales and, in conjunction with other steps, this has ...

LONDON / AP The revelation that the FBI has opened a new investigation into U.S. presidential candidate Hillary Clinton’s private email server weighed on global stock markets on Monday, a little more than a week from election day. Investors around the world also have a raft of potentially market-moving data and events to monitor this week, culminating with Friday’s U.S. ...

  SAN FRANCISCO / AP YouTube has emerged as a break-out star in Google’s cast of services as the online video site upstages cable television for a younger generation of viewers looking for amusement, news and music on their smartphones. The trend is contributing to an advertising shift away from traditional network television programming to the more eclectic and diversified ...

  Bloomberg Honda Motor Co. will spearhead its artificial intelligence efforts out of a new lab in Tokyo so that researchers can work closely with its engineers to commercialize the technology. Honda, based in Tokyo, will start the R&D center next year and combine existing AI teams in Silicon Valley, Europe and Japan at the downtown location, according to Yoshiyuki ...