News Baidu video streaming unit iQiyi launches $2.4 billion U.S. IPO 2018-03-18T22:36:19.000000000-04:00 (Reuters) - Chinese video streaming service provider iQiyi Inc, a unit of search engine giant Baidu Inc , has launched an initial public offering in New York worth up to $2.4 billion, seeking to expand its range of content. China president's confidante Liu He elected as a vice premier, Yi Gang as PBOC chief 2018-03-18T22:33:12.000000000-04:00 BEIJING (Reuters) - Liu He, a key economic adviser to China's President Xi Jinping, was elected by parliament to be a vice premier, while vice central bank governor Yi Gang was voted to take over the helm at the People's Bank of China (PBOC). China president's confidante Liu He nominated as a vice premier, Yi Gang as PBOC chief 2018-03-18T22:18:56.000000000-04:00 BEIJING (Reuters) - Liu He, a key economic adviser to China's President Xi Jinping, was nominated to be a vice premier, while vice central bank governor Yi Gang was nominated to take over the helm at the People's Bank of China (PBOC). Shares in the red as nervous markets await Fed 2018-03-18T21:44:57.000000000-04:00 SYDNEY (Reuters) - Asian share markets slipped into the red on Monday as caution gripped investors in a week in which the Federal Reserve is likely to hike U.S. interest rates and perhaps signal that as many as three more lie in store for the rest of the year. Hyundai Motor shares tumble following U.S. probe of air bag failures 2018-03-18T21:17:24.000000000-04:00 SEOUL (Reuters) - Shares of Hyundai Motor slid on Monday after a U.S. regulator said it had opened a probe into why some air bags failed to deploy in Hyundai and Kia vehicles following crashes that reportedly killed four people and left six injured. Asia gets the jitters as Fed meeting looms 2018-03-18T20:34:17.000000000-04:00 SYDNEY (Reuters) - Asian share markets got off to a hesitant start on Monday for a week in which the Federal Reserve is likely to deliver a hike in U.S. interest rates and perhaps signal that as many as three more lie in store for the rest of the year. Exclusive: Regulator shopping in vogue as China's shadow banks evade Beijing's grip 2018-03-18T20:30:16.000000000-04:00 SHANGHAI/BEIJING (Reuters) - Some of China's biggest shadow banking groups are shopping for regulators in far-flung regions to help pass deals unlikely to be approved by more savvy regulators closer to home, according to multiple sources with direct knowledge of the situation. Trump to unveil opioid plan seeking death penalty for drug dealers: White House 2018-03-18T20:20:10.000000000-04:00 WASHINGTON (Reuters) - President Donald Trump will unveil a plan on Monday to combat the opioid addiction crisis that includes seeking the death penalty for drug dealers and urging Congress to toughen sentencing laws for drug traffickers, White House officials said on Sunday. CACI seeks to break up General Dynamics' acquisition of CSRA 2018-03-18T20:09:04.000000000-04:00 (Reuters) - U.S. defense contractor CACI International Inc said on Sunday it had offered to merge with larger peer CSRA Inc, seeking to disrupt the latter's $6.8 billion acquisition by General Dynamics Corp. Forty-five U.S. trade groups urge Trump to avoid tariffs against China 2018-03-18T19:52:14.000000000-04:00 WASHINGTON (Reuters) - Forty-five U.S. trade associations representing some of the largest companies in the country are urging President Donald Trump not to impose tariffs on China, warning it would be "particularly harmful" to the U.S. economy and consumers.