Reuters Asia Business

By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) -Sri Lanka’s central bank is considering moving towards a single policy rate mechanism to ensure better signalling of its monetary policy stance, Governor P. Nandalal Weerasinghe said on Wednesday. Weerasinghe made the comment while announcing the annual policy statement for 2024. The central bank currently directs policy …

Sri Lanka central bank to consider a single policy rate mechanism Read More »

By Aditi Shah and Dhwani Pandya GANDHINAGAR, India (Reuters) -India’s top carmaker Maruti Suzuki will invest 350 billion rupees ($4.2 billion) to build a second car plant in Gujarat state and will add a new production line at an existing plant, the president of its parent company said. The investments will see the company’s annual …

India’s Maruti Suzuki to invest $4 billion in second Gujarat car plant Read More »

TOKYO (Reuters) -Japan’s Nikkei share average ended at its highest in 34 years as technology shares tracked overnight gains in U.S. peers, while a weaker yen boosted exporters. The Nikkei index jumped 2.01% to close at 34,441.72, its highest close since February 1990. The index crossed the 34,000 level for the first time since March …

Nikkei ends at 34-year high on tech gains, weaker yen Read More »

By Kevin Yao BEIJING (Reuters) – China’s central bank faces a major hurdle in quelling the threat of deflation: more credit is flowing to productive forces than into consumption, exposing structural flaws in the economy and reducing the effectiveness of its monetary policy tools. The People’s Bank of China (PBOC) is under pressure to cut …

Analysis-China’s policy dilemma: is boosting credit deflationary? Read More »

(Reuters) – Japanese automaker Honda Motor announced on Tuesday plans to launch a new electric vehicle series from 2026, as it plays catch-up with global rivals in the shift to battery powered cars. Japan’s second-biggest car maker has been slow to step up EV sales, lagging behind European and U.S. competitors such as General Motors …

Honda unveils plans for new EV lineup Read More »

By Abhirup Roy LAS VEGAS (Reuters) -Vietnamese electric vehicle maker VinFast aims to increase its free float – or shares available to the public for trading – to 10-20% of shares by the end of this year, from roughly 2% currently, the company’s chairperson said on Tuesday. “This year we plan as the markets recover …

Exclusive-EV maker VinFast aims to raise free float to 10%-20% by end 2024 -chair Read More »

HANOI (Reuters) – Vietnamese electric vehicle maker VinFast on Tuesday launched a prototype of its new pickup truck, and said it plans to launch its mini-sized VF 3 model globally. VinFast said the electric pickup truck being showcased at the CES 2024 trade show in Las Vegas, VF Wild, is in the mid-size pickup category. …

EV maker VinFast launches pickup truck concept, plans to sell mini-EV globally Read More »