Reuters Asia Business

TOKYO (Reuters) -Japan’s Panasonic Holdings and automaker Subaru are expected to announce plans for an electric vehicle battery partnership soon, the Nikkei newspaper reported on Friday, days before both will report first-quarter earnings. Panasonic, which supplies almost all of its EV batteries to Tesla, is seeking to increase global market as Chinese and South Korean …

Panasonic, Subaru expected to announce EV battery plan – Nikkei Read More »

By David Shepardson WASHINGTON (Reuters) -Ford Motor CEO Jim Farley and Executive Chairman Bill Ford held meetings this week with U.S. lawmakers in Washington amid Republican criticism of the automaker’s licensing deal with Chinese battery manufacturer CATL to build a Michigan battery plant. Last week, the chairs of two U.S. House of Representatives committees said …

Ford execs met with US lawmakers amid criticism of China battery maker CATL Read More »

By Jonathan Stempel NEW YORK (Reuters) – Bill Hwang, the founder of Archegos Capital Management, on Thursday asked a judge to let him subpoena documents from 10 banks, in an effort to shift blame as he defends against criminal fraud charges that the firm’s collapse was his fault. In a filing in Manhattan federal court, …

Bill Hwang seeks to subpoena 10 banks, shift blame for Archegos collapse Read More »

TOKYO (Reuters) – The Bank of Japan will discuss allowing long-term interest rates to rise above its 0.5% cap by a certain degree on Friday, when it concludes a two-day rate review, the Nikkei newspaper reported. The move would be intended to fix distortions caused in markets by the central bank’s heavy bond buying, the …

BOJ to discuss allowing long-term rates to rise above 0.5% cap – Nikkei Read More »

By Howard Schneider and Francesco Canepa WASHINGTON/FRANKFURT (Reuters) – Top central banks continued with another round of interest rate hikes this week despite cooling inflation, but have now switched in unison to a more cautious posture about further moves in a sign that a year-long round of global monetary tightening could be at an end. …

Global central banks begin policy shift as inflation cools Read More »

By Elisa Anzolin MILAN (Reuters) – Italian fashion group Prada posted 20% growth in first half sales on Thursday as a strong performance in Asia and Europe helped to offset a slowdown in its Americas region. The group reported double figure growth from all product categories, with ready-to-wear the strongest part, ahead of footwear and …

Asia, Europe power Prada’s sales, offset Americas slowdown Read More »

By Katya Golubkova and Sakura Murakami TOKYO (Reuters) – Prime Minister Fumio Kishida’s visit to the Middle East last week has led to a flurry of agreements for studies that Japan hopes will encourage key countries in the region to become hydrogen partners. The July 16-18 trip to Saudi Arabia, the United Arab Emirates and …

Japan PM laid foundations for hydrogen supplies with Middle East trip Read More »

BEIJING (Reuters) – China will guide banks to boost credit in the consumer service industry, its financial regulator said on Thursday, as authorities seek to boost a flagging post-pandemic economic recovery. “Residents’ consumption capacity is insufficient and their willingness to spend is not strong, consumption of big-ticket items is weak,” an official from China’s National …

China to boost credit support to consumer sector – regulator Read More »