Thailand’s main opposition party will hand out about 500 billion baht ($15 billion) in cash if it wins next month’s election to “resuscitate” the nation’s struggling economy and provide relief to those battling “neck-deep debt,” a party official said.
China’s local traders are borrowing a record amount of short-term cash, in a sign they are leveraging up returns in a stable bond market.
Activist fund ValueAct Capital Management LP said it’s looking forward to the opportunity to vote for new directors of Seven & i Holdings Co. after what it called a disappointing response from the retailer Thursday.
Home to one of the world’s oldest universities and renowned for contributing to discoveries such as the structure of DNA, Cambridge, England has still been recently overshadowed by its Massachusetts namesake that spawned Moderna Inc.’s mRNA Covid-19 vaccine technology. Now, the UK city is trying to regain the limelight.
Toyota Motor Corp.’s new Chief Executive Officer Koji Sato unveiled the beginnings of a long-awaited plan to electrify the automaker’s vehicle lineup during his first press conference, but stopped short of outlining concrete steps about how exactly the company will match its EV rivals abroad.
(Bloomberg) — Kazakhstan kept borrowing costs unchanged for the third time this year and indicated they are likely to stay there for the first half of 2023 as worries over inflation persist.
Samsung Electronics Co. said it’s cutting memory chip production after reporting its slimmest profit since the 2009 financial crisis, a significant step toward ending a supply glut that had cratered prices across the industry. Shares rose.
Taiwan still expects US House Speaker Kevin McCarthy to visit, the head of the democracy’s legislature said, setting up the possibility of a repeat of tensions seen last year when Nancy Pelosi made the trip.
India is seeking a federal probe against Oxfam’s local unit for alleged misuse of foreign funds, a further setback to international charities operating in the country.
South Korea will provide 7 trillion won ($5.3 billion) of financial support over the coming five years for local battery makers that are seeking to build plants in North America, a response to President Joe Biden’s historic climate bill that encourages electric car production in the US and the sourcing of EV supply chain components outside of China.
