Finance

Putin lauds China infrastructure initiative, warming ties

Russian President Vladimir Putin praised China‘s Belt and Road infrastructure initiative Friday, underscoring warming ties between the neighboring powers. Putin’s comments Friday to a forum in Beijing appeared to downplay the potential for tensions between China and Russia. They also reflect Beijing and Moscow’s shared resistance to U.S. global influence. The Belt and Road is […]

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The Latest: Hammond says Britain a good Belt & Road partner

The Latest on China’s Belt and Road infrastructure building conference. (all times local): 8:00 p.m. British treasury chief Philip Hammond says Britain’s finance industry would be a “natural partner” for future projects under China’s Belt and Road infrastructure initiative. On the sidelines of a Belt and Road forum in Beijing Friday, Hammond did not directly

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Ford: Justice Dept. opens probe into emissions certification

Ford says the Justice Department has opened a criminal investigation into its U.S. emissions certification process. The automaker said in a regulatory filing the “matter currently focuses on issues relating to road load estimations, including analytical modeling and coastdown testing.” Last September, a group of employees reported possible problems with a mathematical model used to

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