Toyota and Mazda plan to build $1.6 billion US plant in joint venture: Sources

Japanese automakers Toyota and Mazda are forming a partnership to build a new final assembly plant in the United States, with sources familiar with the plan telling CNBC the joint venture and assembly plant will be announced Friday in Japan.A location for the $1.6...

Australia’s central bank is upbeat on the economy, but warns on further rise in currency

The Aussie has surged almost 7 percent since June, to atop 80 U.S. cents. An even higher currency would threaten the RBA’s projections of around 3 percent growth in the A$1.7 trillion economy over the next couple of years. “Further exchange rate...