Toyota Motor Corp. said its global output hit a record for November, thanks in part to solid consumer demand, though it warned of an uncertain outlook due to a persistent shortage of semiconductors and spikes in Covid cases in China.
Advent International Corp., one of the world’s largest private equity firms, will purchase a controlling stake in India’s Suven Pharmaceuticals Ltd. for at least 63.13 billion rupees ($762 million), triggering an open offer to buy further shares in the family-run firm.
China’s cities and provinces are reporting hundreds of thousands of daily Covid infections surpassing the official national tally as infections spread unabated across the country, predicting that outbreaks will peak during January.
Japan’s buyers of Russian liquefied natural gas are assessing how imminent changes to shipping insurance — triggered by the ongoing war in Ukraine — will affect supplies from the key Sakhalin-2 project in Russia’s Far East.
Bank of Japan Governor Haruhiko Kuroda stressed that the bank’s latest tweaks on its bond yield control program were not the beginning of an exit of monetary easing, but a way to make it sustainable and run smoothly.
Several aid groups are suspending operations in Afghanistan after the Taliban imposed a new ban on women working in non-governmental organizations, potentially disrupting humanitarian assistance to millions during the harsh winter months.
China may remove quarantine requirements for cross-border travelers between Hong Kong and the mainland as early as January 3, the South China Morning Post reported, citing two mainland official sources.
India is set to rank among this year’s best-performing major stock markets globally, overcoming concerns about higher interest rates and an economic slowdown that has mired peers.
Brazil will reevaluate the procedures for President elect Luiz Inacio Lula da Silva’s inauguration after an explosive near capital Brasilia’s international airport was disarmed Saturday, the country’s incoming justice minister said.
Vietnam’s Tien Phong Commercial Joint Stock Bank expects its pretax profit to rise 15% next year as the nation’s pioneer in adopting automation technology benefits from cost savings, according to Chief Executive Officer Nguyen Hung.
