Reuters Asia Business

(Reuters) – Honda Motor Co’s American unit is recalling about 106,030 CR-V hybrid vehicles due to the risk of fire or injury in a crash caused by an overheated battery cable or short circuit, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday. To address the issue, dealers will replace the battery cable, NHTSA …

Honda to recall over 100,000 hybrid vehicles – NHTSA Read More »

By Marc Jones LONDON (Reuters) – The U.S. and China on downgrade warnings, Turkey hoping for its first upgrade in a decade and Israel facing its first cut – plus more than 50 elections to navigate – means 2024 could bring pivotal moves in some sovereign credit ratings. Next year might be starting with highest …

Analysis-US and China remain top credit ratings to watch in 2024 Read More »

By Rajendra Jadhav, Ruma Paul and Gopal Sharma MUMBAI/DHAKA/KATHMANDU (Reuters) – India’s ban on the export of onions has driven up prices of the vegetable for Asian buyers, who are scrambling for cheaper alternatives, particularly as New Delhi is unlikely to lift the curbs before general elections next year. The world’s biggest exporter of onions …

Asia feels the sting of India’s onion export ban Read More »

By Andrew Hayley BEIJING (Reuters) – China’s surging oil production growth in recent years, the result of a concerted investment push, is expected to ease in 2024 as falling output from mature fields requires state oil companies to tap more challenging shale and ultra-deep reserves. While China is the world’s biggest crude importer, it was …

China oil output growth to slow in 2024 as supply harder to extract Read More »

(Reuters) – The World Bank has released a second tranche of $250 million to support economic reforms in Sri Lanka, it said in a statement on Wednesday. The International Monetary Fund earlier this month cleared the first review of Sri Lanka’s $2.9 billion bailout, providing about $337 million in funds to help tackle the fallout …

World Bank releases $250 million to bolster economic reforms in Sri Lanka Read More »

TOKYO (Reuters) – The family office linked to Nintendo’s founder has decided to withdraw its tender offer proposal to Toyo Construction as it was unable to win the target company’s agreement, the Nikkei reported on Wednesday. The investment firm, Yamauchi family-No.10 Family Office, has been in talks with Toyo after it offered to buyout the …

Nintendo founder family office to withdraw tender offer proposal to Toyo Constuction – Nikkei Read More »

By Miho Uranaka and Sam Nussey TOKYO (Reuters) – Japan’s new industry minister on Wednesday pledged to continue supporting efforts to revitalise the country’s chip manufacturing base, which have included subsidies for Taiwanese chipmaker TSMC and foundry venture Rapidus. “The speed of policymaking and execution, which could be called the world’s fastest, has led to …

Japan’s new industry minister pledges chip sector support Read More »

BANGKOK (Reuters) – Thailand’s budget of 3.48 trillion baht ($99.74 billion) for the 2024 fiscal year is expected to be ready in early May, a deputy finance minister said on Wednesday. The spending budget has been delayed from the original Oct. 1 start date, due to an election in May and a long period under …

Thailand 2024 fiscal budget to be ready in early May – deputy Finance Minister Read More »