TOKYO (Reuters) -Toyota will strengthen its development of electric vehicle technology in China, the automaker said on Monday, as it looks to catch up with increasingly tough domestic competition in the world’s largest auto market. The move is the latest from the world’s top selling carmaker that shows a sharper pivot to electric vehicles. It …
Toyota to boost EV development and technology in China Read More »
By Summer Zhen and Carolina Mandl HONG KONG/NEW YORK (Reuters) – For all the excitement whipped up in China’s markets by the Politburo last week, foreign investors say policymakers’ words will have to be matched by substantive action to clean up an ailing property sector before confidence recovers. The sector accounts for a quarter of …
Analysis-Words only go so far: Investors want property fixed before buying China Read More »
TOKYO (Reuters) – Mizuho Financial Group Inc, Japan’s third-largest lender by assets, reported on Monday a 53.9% rise in first-quarter net profit. Mizuho said it posted a profit of 245.19 billion yen ($1.73 billion) in the three months through June, compared with an average profit estimate of 156.66 billion yen from two analysts surveyed by …
Mizuho Financial Group Q1 profit jumps more than 50% Read More »
MANILA (Reuters) – The Philippines’ finance minister said monetary authorities have room to pause on rate hikes in August despite a recent policy tightening by the U.S. Federal Reserve. “I do not think we have to match. That is my view and we have to monitor other indicators like inflation,” Finance Secretary Benjamin Diokno told …
Philippines need not match Fed’s 25 bps hike – finance minister Read More »
BEIJING (Reuters) – A listing of Jack Ma-backed Ant Group is unlikely in the short term, state media reported on Saturday, citing people close to regulation. Earlier this month, Ant Group announced a surprise share buyback that valued the fintech giant at $78.54 billion, well below the $315 billion touted in the suspended IPO. (Reporting …
Listing of Ant Group is unlikely in the short term – state media Read More »
(Corrects spelling of ‘conservative’ in paragraph 8) By Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia may not go through with a plan to take legal action against Facebook parent Meta Platforms following “positive” engagement with the firm on tackling harmful content on the social media platform, communications minister Fahmi Fadzil said in an interview on Friday. …
Malaysia reverses plan to take legal action against Meta over harmful content Read More »
TOKYO (Reuters) – Toshiba Corp said on Friday a group led by Japan Industrial Partners (JIP) is expected to launch a tender offer for the industrial conglomerate “sometime in August 2023”, a delay from late July. Toshiba said in a statement that procedures under foreign competition laws and regulations in some jurisdictions are not expected …
Toshiba tender offer pushed back to Aug due to regulatory delay Read More »
By Ana Mano SAO PAULO (Reuters) – Brazilian and Japanese authorities have agreed that trade bans related to outbreaks of highly pathogenic avian influenza (HPAI) will only apply to municipalities where a case is detected, Brazil’s agriculture ministry said on Friday. The announcement comes after Japan suspended chicken imports from Espirito Santo and Santa Catarina …
Brazil, Japan agree on local trade ban related to avian flu; BRF shares jump Read More »
(Reuters) – U.S. President Joe Biden is planning to sign an executive order to limit critical U.S. technology investments in China by mid-August, Bloomberg news reported on Friday, citing people familiar with the internal deliberations. The order would focus on semiconductors, artificial intelligence and quantum computing, Bloomberg reported, adding that it would not affect any …
Biden plans to sign order curbing US tech investments in China by mid-August -Bloomberg Read More »
By Phuong Nguyen HANOI (Reuters) – Vietnamese electric vehicle maker VinFast is planning to list in the United States next month via a blank-cheque company after the Securities and Exchange Commission gave the go ahead to its proposed business combination. VinFast, which began operations in 2019, is gearing up to expand in the U.S., where …
Vietnam EV maker VinFast plans US listing in August after regulator nod Read More »
