World markets slumped Tuesday, with the Nikkei ending at a 16-month low, as the yen remained strong despite efforts by the Bank of Japan to keep a lid on the Japanese currency's rise.
Ferrari is recalling its new 458 Italia model after several vehicles were reported to have burst into flames.
The Bank of Japan eased its monetary policy at an emergency meeting Monday morning, in an effort to curb the yen's strength and lift the country's struggling economy -- though the move was not enough to satisfy investors.
Toyota Motor Corp. said it was recalling 1.33 million Corolla and Corolla Matrix vehicles on Thursday, citing problems in engines' electronic control units that have allegedly led to three accidents.
A new law requiring oil companies to disclose all payments made to governments has sparked a sharp debate, with Big Oil saying it will put it at a big competitive disadvantage.
China's manufacturing sector rebounded in August, calming some fears about the pace of that country's growth.
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