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The US Department of Justice (or DOJ) has said about .5 billion was misappropriated from 1MDB, including some money that Goldman Sachs helped raise, by high-level officials of the fund and their associates from 2009 through 2014.

The USDA reduced its soybean yield estimate to 46.9 bushels per acre from 47.9 bushels last month. Analysts were expecting 47.3 bushels.

The US toy industry is still reeling from last year's liquidation of the major retailer chain Toys R Us. After four straight years of growth, toy sales in the US in 2018 fell 2 percent to .6 billion, from billion in 2017, according to market researcher NPD Group.

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The US government has blocked a string of Chinese acquisitions over national security. It derailed the planned partnership that would have seen AT&T sell Chinese telecom equipment giant Huawei's smartphones in the US market last month. This was followed by some US lawmakers' call for AT&T to cut commercial ties with Huawei and to reject plans by operator China Mobile to enter the US market.

The US electric vehicle industry leader Tesla will set up a wholly owned super factory in Shanghai with a production capacity of 500,000 vehicles a year, making it the largest foreign investment manufacturing project in Shanghai, the city's information office said on Tuesday.According to the agreement signed by Tesla, Shanghai Lingang Area Development Administration and Lingang Group, Tesla will set up a factory for research and development, manufacturing and sales. At the same time, an electric vehicle research and development innovation center will also be built there as a major part of Tesla's global R&D system to promote relevant technological achievement transformation.

The United States electric car manufacturer has sold more cars per capita in Norway than any other country in the world thanks to the government's generous measures in favor of electric cars including tax exemptions, free city tolls and public parking.

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The UAW's contracts with GM, Ford Motor Co and Fiat Chrysler Automobiles NV expire on Sept 14.

The US automaker is expected to win a larger market share of luxury car markets

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The US dollar bought 110.20 Japanese yen, higher than 110.08 Japanese yen of the previous session. The US dollar increased to 0.9969 Swiss franc from 0.9912 Swiss franc, and it rose to 1.3311 Canadian dollars from 1.3308 Canadian dollars.

The UK-based index provider FTSE Russell, which is owned by the London Stock Exchange Group, said on Friday that it will remove shares of eight Chinese companies from certain products. As the index compiler explained, the latest action is mainly based on feedback from index subscribers and other stakeholders after the US government said on Thursday that it was restricting the purchase of shares of some Chinese companies that are listed in the US, due to their alleged military connections.