TOKYO (Reuters) -Toyota Motor Corp said on Tuesday both the president and chairman of Daihatsu Motor will step down almost a year after the small-car unit said it had rigged collision safety-tests. The departures are among the most drastic changes Daihatsu has made so far, as Toyota seeks to return the brand to its roots …
Toyota says president, chairman of scandal-hit Daihatsu unit to step down Read More »
KARACHI, Pakistan (Reuters) – Pakistan’s benchmark share index turned positive, rising 0.4% after falling more than 2% earlier on Tuesday, according to the stock exchange’s website, after last week’s national election ended with no party winning a majority in parliament. (Reporting by Ariba Shahid in Karachi; Editing by Muralikumar Anantharaman)
By Brigid Riley TOKYO (Reuters) -Japan’s Nikkei share average closed at a fresh 34-year high on Tuesday as trading resumed after a long holiday weekend, with tech-related shares and strong corporate earnings supporting the benchmark stock index. The Nikkei climbed 2.89% to 37,963.97 to its highest since January 1990, after briefly breaching 38,000 points. The …
Japan’s Nikkei cruises to 34-year peak, briefly breaching 38,000 range Read More »
JAKARTA (Reuters) – Indonesia’s state energy company Pertamina will reduce production capacity at its Balikpapan refinery starting in the third week of February as an upgrade of the facility advances, the company said on Tuesday. The “plant stop revamp” at the country’s second-largest refinery will last for two months, the company said, during which capacity …
Indonesia’s Pertamina to slash capacity at second-biggest refinery due to upgrade Read More »
By Lewis Jackson and Praveen Menon SYDNEY (Reuters) -Australia’s largest bank, Commonwealth Bank, is expected to report a small drop in first-half profit this week, but that hasn’t deterred investors from pouring into its shares and turning it into one of the world’s most expensive banks. The stock has jumped more than 20% since November, …
Australia’s top bank CBA lures funds exiting China despite profit outlook Read More »
By Michael Martina WASHINGTON (Reuters) – The U.S. should review Chinese biotech firm WuXi AppTec and its affiliate WuXi Biologics for sanctions, a bipartisan group of lawmakers told top Biden administration officials on Monday. In a letter dated Feb. 12 and seen by Reuters, the lawmakers told Treasury Secretary Janet Yellen, Defense Secretary Lloyd Austin …
US lawmakers call for sanctions on China’s WuXi AppTec biotech firm Read More »
By Noel Randewich (Reuters) – Shares of Arm Holdings surged more than 40% on Monday, adding to a staggering rally fueled by optimism around artificial intelligence. The stock last traded up 21% at $139.65 after reaching as high as $164, 42% above its close on Friday. With Monday’s jump, Arm’s shares have gained more than …
Arm Holdings jumps over 40%, adds to staggering AI-powered rally Read More »
By M. Sriram GURGAON (Reuters) – SoftBank-backed Indian educational technology firm Eruditus is planning to shift its domicile from Singapore to India for a stock market listing, its CEO told Reuters. Eruditus’ edtech platform offers thousands of online courses from more than 80 universities including Harvard on topics such as artificial intelligence, data science and …
India’s Eruditus plans to shift domicile to India from Singapore for IPO Read More »
LONDON (Reuters) – Russia’s dependence on trade with Asia rose sharply in 2023 while its business with European markets plunged, with Asia’s share of Russian exports and imports rising to 72% and 68% respectively, Russian customs service data showed. Moscow stopped publishing detailed monthly export and import statistics shortly after it launched an invasion of …
Russia’s dependence on exports to Asia rises as business with Europe falls Read More »
GENEVA (Reuters) – Indonesia filed a complaint at the World Trade Organization against the European Union for its import duties on fatty acids, the global trade watchdog said on Monday. The filing said that the EU measures were inconsistent with WTO rules. Fatty acids which use palm oil as a key raw ingredient are found …
Indonesia launches WTO dispute against EU over fatty acids Read More »
