The venture will have sales and manufacturing functions in the United States and China in addition to Japan, the companies said in a press release.

The joint venture, to be established in July, will be owned 51 percent by Hitachi Automotive Systems and 49 percent by Honda, they said.

(Reporting by Naomi Tajitsu and Taiga Uranaka)

Musk, who is the CEO of both Tesla and SpaceX, was one of about a dozen top tech execs who had met with Trump in December. Executives from Palantir, Cisco, Oracle, and IBM also attended the meeting. They have not joined the friend of the court brief.
The big four telecom companies, AT&T, (T, Tech30) Verizon (VZ, Tech30), T-Mobile (TMUS) and Sprint (S), have not joined the brief.
Elon Musk is also a member Trump's Economic Advisory Council. The group met last Friday and Musk later tweeted that, at his request, the travel ban was "first and foremost" on the agenda.
donald trump elon musk
President Trump and Elon Musk
Musk publicly criticized the travel ban in one tweet as "not the best way to address the country's challenges."
SpaceX, as well as Oracle and Palantir, all have lucrative government contracts.

The companies include tech giants such as Apple, Google, and Facebook. They filed the brief on Sunday with a federal appeals court in California.

These firms are protesting the executive order that temporarily prevents entry of people from 7 mostly Muslim nations into the United States.

The brief says the travel ban "inflicts significant harm on American business, innovation, and growth."

It adds that the order "disrupts ongoing business operations" and "threatens companies' ability to attract talent, business, and investment to the United States."

Immigrants from Asia and other parts of the world have long supported the IT industry in places like Silicon Valley in California and the Seattle area in Washington.

Until now, CEOs of individual firms have spoken out against the executive order, including Apple's Tim Cook and Google's Sundar Pichai. The legal brief shows the concerns spread across the whole industry.

Higher gold prices boosted producers’ shares for the seventh consecutive day — the longest winning streak since August 2014.
April Comex gold was last up $9.70 an ounce at $1,230.50, as investors — led by hedge funds —continue to flock to the yellow metal looking for safe-haven assets. Last week, gold prices rose more than 2% to score their biggest weekly percentage advance since June, according to data from Dow Jones.

The price jump has benefitted producers of the precious metal, with the NYSE Arca gold miners index, which includes nearly 50 names such as Barrick Gold (NYSE:ABX) and Newmont Mining (NYSE:NEM), up 1.6% on Monday. In the last seven day, the index has gained more than 8.5%.

Gold bears are betting that a US President Donald Trump administration will lead to strong US economic expansion, higher interest rates and a stronger dollar. Higher interest rates (after adjusting for inflation) boosts the value of the dollar and makes gold less attractive as an investment because the metal is not yield-producing and investors have to rely on price appreciation for returns.

Global uncertainties push gold, producers to fresh highs
But that narrative has begun to unwind as Trump's swift action on US trade deals began to hurt the dollar and worries about the broader geo-political impact of a Trump administration, a hard Brexit and key elections in Europe mount.

His first week in office has already shaken the markets with news of the US withdrawal from the Trans-Pacific Partnership, Trump’s renewed promise to build a wall on the Mexican border as soon as possible, and his attempts to ban more than 218 million people from seven Muslim-majority countries from entering the US, which was blocked Friday by a federal judge.

Under the deal, Coal & Allied Industries Ltd, which operates two mines in Australia, will be sold to Yancoal Australia, which is majority controlled by Yanzhou Coal Mining, one of China's largest mining groups by market capitalization.

The deal is expected to be completed before October, according to Yanzhou Coal Chairman Li Xiyong.

After completion, Yancoal Australia will be Australia's largest pure-play coal producer.

The two coal mines have an annual output of 35 million metric tons, which is mainly exported to Japan and South Korea.

The flagship company of Samsung Group filed its intention to withdraw with the Federation of Korean Industries, or FKI, on Monday. The lobby consists of about 600 companies.

The federation came under fire over allegations that its senior officials lobbied Samsung to pay money to 2 foundations linked to President Park Geun-hye's close friend Choi Soon-sil.

After Samsung's announcement, FKI officials said they have nothing to say about any decision by a member company.

Firms of the conglomerate LG Group have already withdrawn from the federation.

South Korean media say Samsung Group alone accounted for one-fourth of the total membership fees.

Observers say the chance that the federation will survive is slim, as other affiliates of Samsung Group are expected to follow suit.