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Asia stocks gains with dollar, sterling hit by Brexit woes

SYDNEY Asian shares inched ahead on Wednesday while the dollar and commodities rallied as investors shook off disappointment about U.S. President Donald Trump's failed healthcare bill and focused on an improving outlook for global growth.

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Tesla deal boosts Chinese presence in U.S. auto tech

DETROIT China's Tencent Holdings Ltd has bought a 5 percent stake in U.S. electric car maker Tesla Inc for $1.78 billion, the latest investment by a Chinese internet company in the potentially lucrative market for self-driving vehicles and related services.

Tech, Deals, China 5:55pm EDT

Trump applauds Ford's previous planned investment in Michigan plants

DETROIT/WASHINGTON Ford Motor Co on Tuesday said it would invest $1.2 billion in three Michigan facilities and create 130 jobs in projects largely in line with a previous agreement with the United Auto Workers union, hours after U.S. President Donald Trump touted a "major investment" by the automaker on Twitter. | Video

6:14pm EDT

China telecom firm ZTE removed from U.S. trade blacklist

WASHINGTON The U.S. Department of Commerce will remove Chinese telecommunications equipment maker ZTE Corp from a trade blacklist on Wednesday after the company pleaded guilty to violating sanctions on Iran and agreed to pay nearly $900 million, the agency said in a notice. [nL2N1GZ224]

5:28pm EDT

Wells Fargo to pay $110 million to settle lawsuit over account abuses

Wells Fargo & Co said it agreed to pay $110 million to settle a lawsuit by customers challenging its opening of accounts without their permission, a practice that led to a scandal that cost the bank's chief executive his job.

6:18pm EDT

General Motors reaches deal with Argentine port operator to import cars

BUENOS AIRES A unit of General Motors Co has reached a deal with port operator Terminal Puerto Rosario to import cars to Argentina, moving the U.S. automaker a step closer to exporting from its nearby plant, the company said in a statement on Tuesday.

8:06pm EDT

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