Reuters Asia Business

BANGKOK (Reuters) – Thailand’s Prime Minister Srettha Thavisin said on Sunday the country expected to receive investment of at least $5 billion from Tesla, Google and Microsoft. “Tesla would be looking into an EV manufacturing facility, Microsoft and Google are looking at data centres,” he said, without detailing whether the $5 billion was expected to …

Thailand expects Tesla, Google, Microsoft to invest $5 billion -prime minister Read More »

SYDNEY (Reuters) – Australia wants a separate dialogue with China on their dispute over wine, the agriculture minister said on Sunday, rejecting Beijing’s proposal to link wine with other trade issues as the two nations slowly seek to improve battered relations. China’s removal of tariffs last month on Australian barley has raised hopes for an …

Australia seeks separate dialogue on China wine dispute Read More »

BEIJING (Reuters) – Even China’s population of 1.4 billion would not be enough to fill all the empty apartments littered across the country, a former official said on Saturday, in a rare public critique of the country’s crisis-hit property market. China’s property sector, once the pillar of the economy, has slumped since 2021 when real …

Even China’s 1.4 billion population can’t fill all its vacant homes, former official says Read More »

TOKYO (Reuters) -Toyota Motor will speed up production of electric vehicles of its Toyota and luxury Lexus brands, the Nikkei newspaper reported on Friday. The Nikkei report said the Japanese automaker was likely to step up production of battery-powered vehicles over the coming years to reach annual output of more than 600,000 vehicles in 2025. …

Toyota to speed up EV production, aims for over 600,000 vehicles in 2025 – Nikkei Read More »

(Reuters) – The Bank of Japan maintained ultra-low interest rates on Friday and a pledge to keep supporting the economy until inflation sustainably hits its 2% target, suggesting it was in no rush to phase out its massive stimulus programme. Following are excerpts from BOJ Governor Kazuo Ueda’s comments at his post-meeting news conference, which …

QUOTES: BOJ Governor Ueda’s comments at news conference Read More »

TOKYO (Reuters) -Bankrupt Japanese hotel chain Unizo Holdings has selected U.S. investment fund KKR as its restructuring sponsor, the Nikkei business daily reported on Friday. KKR will likely take over Unizo’s Japan office building and hotel business, the Nikkei said. Calls to Unizo and the company’s lawyer went unanswered after regular business hours. Unizo filed …

Japan’s Unizo Holdings chooses KKR as restructuring sponsor – Nikkei Read More »