TOKYO (Reuters) – Japanese truck maker Isuzu Motors on Thursday said it was not planning to move a factory from Thailand to Indonesia, a day after the Indonesian industry minister said the company would do so. “While our company continues to focus on Indonesia as a major market, there are no plans to relocate a …
Japan’s Isuzu says it is not planning to relocate factory from Thailand to Indonesia Read More »
By Francesco Guarascio and Phuong Nguyen HANOI (Reuters) – Two Chinese makers of energy storage systems and batteries are weighing investments worth hundreds of millions of dollars in Vietnam, industry and government sources said. The combined value of the investments could exceed $1 billion, according to one person with direct knowledge of the discussions. A …
By Leika Kihara TOKYO (Reuters) – Japan’s bitter memories of its decades-long battle with deflation hang heavily over the central bank’s deliberations to take its first modest step away from ultra-loose monetary policy, even as inflation and wages creep up. The appointment of Kazuo Ueda as Bank of Japan (BOJ) governor this year and mounting …
Analysis-Trauma of Japan’s deflation battle keeps BOJ wary of policy shift Read More »
By Samuel Indyk and Koh Gui Qing LONDON (Reuters) -Global stocks retreated from a 13-month high on Wednesday and the U.S. dollar drifted lower as attention turned towards next week’s pivotal inflation data and Federal Reserve meeting, where chances of a rate hike continued to ebb. On Wall Street, stocks ceded earlier gains, with the …
Shares recoil from 13-mth high, Turkey’s lira hits record low Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar edged higher against the yen on Wednesday as investors awaited U.S. inflation data for May and the Fed’s interest rate decision next week, while the Canadian dollar jumped after the Bank of Canada hiked rates. The U.S. central bank is expected to hold rates steady next …
Dollar edges up against yen as investors wait on inflation data, Fed Read More »
By Hannah Lang, Manya Saini and Niket Nishant (Reuters) -Coinbase Chief Executive Brian Armstrong on Wednesday hit back at the U.S Securities and Exchange Commission (SEC) Chair over the agency’s lawsuit against the crypto exchange, calling him an “outlier,” while also reassuring customers that their funds were safe. The SEC on Tuesday alleged Coinbase traded …
Coinbase CEO hits back at SEC chair after lawsuit, says user funds are safe Read More »
By Sheila Dang (Reuters) – The stunning announcement on Tuesday of a merger between the PGA Tour, DP World Tour and Saudi-backed LIV Golf could generate higher viewership, and loftier costs, for advertisers and sponsors to reach golf audiences, marketing experts said. The move ends a bitter legal battle between the organizations that has split …
PGA Tour, LIV merger may lead to higher viewers and costs for golf sponsors Read More »
(Reuters) -The European Union is considering a mandatory ban on member-states using companies that might pose a security risk in their 5G networks, including China’s Huawei Technologies Co Ltd, the Financial Times reported on Tuesday. The move comes as a response to increasing concerns in Brussels about certain national governments delaying action on the matter, …
EU considers mandatory ban on using Huawei to build 5G – FT Read More »
By Clare Jim and Paul Sandle HONG KONG/LONDON (Reuters) -Vodafone and CK Hutchison are in the final stage of agreeing to merge their British operations, with an announcement expected as soon as Friday or early next week, three sources have told Reuters. Shares in Vodafone jumped 3% on the news on Wednesday. Vodafone will own …
Exclusive-Vodafone, Hutchison to announce UK merger as soon as Friday – sources Read More »
By Brenda Goh and Joe Cash SHANGHAI/BEIJING (Reuters) – A veritable parade of overseas CEOs including Tesla’s Elon Musk and Goldman Sachs’ David Solomon have made their way to a reopened China in the last few months. One notable common strand: they’ve not talked much in public about their trips which have mostly consisted of …
Analysis-For Musk and other foreign CEOs visiting China, silence is golden Read More »
