Gold Silver Reports – Takata Corp. surged the most in more than a year in Tokyo trading after the Sankei newspaper reported that Japanese automakers may provide support to the air-bag maker to safeguard access to its technology.
The report said the companies may jointly invest in Takata, spread the recall claims against the air-bag maker over several years and postpone their demands for price cuts for parts. Honda Motor Co., the automaker most affected by the recalls, said it’s waiting for the results of the investigation into the root cause of the defect and isn’t planning to extend aid or invest in Takata, according to spokesman Teruhiko Tatebe.
Gold Silver Reports – Crude oil surged after Saudi Arabia cut diplomatic ties with Iran amid escalating tension between the regional powers, buoying energy shares. Japanese equities slid as the yen held near the highest in more than two months, while U.S. equity-index futures advanced.
Gold Silver Reports – The Nifty staged a late rebound on Friday to end at its highest level in nearly two months after public sector banking shares led financials higher, while gains in stocks such as Tata Motors (TAMO.NS) also provided some support.