Chinese stocks ceded their ranking as the second-largest equity market in the world to Japan, the Financial Times reported. Chinese shares were worth $6.09 trillion at the close on Thursday while Japan's stock market was worth $6.16 trillion.
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A General Electric Co. GE -0.53% engineer with ties to Chinese companies was arrested and accused of stealing files related to proprietary power-turbine technology, which the FBI says he elaborately concealed to avoid detection.
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Tesla stock rallied 16% after earnings, hurting all those who were betting the stock was poised for a selloff. Getty. Elon Musk has reason to smile this week.
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Toyota Motor Corp. is sharpening its focus on keeping costs in check and fueling demand in China to prepare for challenges in a U.S.
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It's been a news-heavy week for Yum China (NYSE:YUMC), the exclusive licensee of KFC, Pizza Hut, and Taco Bell in the world's most populous country.
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