TOKYO (Reuters) – Toyota Motor Corp said on Thursday that Akio Toyoda will step down as president and chief executive to become chairman from April 1, and hand over the helm of Japan’s biggest automaker to its top branding officer, Koji Sato. Sato will become the new CEO while the current chairman, Takeshi Uchiyamada, will …
Toyota leader Akio Toyoda to step down as president and chief executive Read More »
By Heekyong Yang and Joyce Lee SEOUL (Reuters) – Hyundai Motor Co said on Thursday it expects to have solid backorder demand in major car markets and forecast robust growth in electric vehicle sales, including in the United States where regulatory concerns have clouded its outlook. The South Korean maker of the Ioniq 5 model …
Hyundai Motor forecasts robust EV growth after quarterly profit jump Read More »
By Jeslyn Lerh SINGAPORE (Reuters) – Residual fuel oil stocks at key trading hub Singapore fell for a third consecutive week amid a sharp decline in weekly net imports. Onshore fuel oil stocks dipped 3% to 12-week lows of 19.59 million barrels (3.09 million tonnes) in the week ended Jan. 25, Enterprise Singapore data showed. …
Singapore fuel oil stocks drop as weekly net imports slump Read More »
TOKYO (Reuters) – Japan’s Suzuki Motor Corp said on Thursday it will invest a total of 4.5 trillion yen ($34.79 billion) in research and development as well as in capital expenditure as part of its growth strategy through fiscal 2030. The Japanese automaker said it would invest 2 trillion yen to facilitate electrification and autonomous …
Japan’s Suzuki to invest $35 billion through FY 2030 Read More »
By Tejaswi Marthi (Reuters) – Bullish bets on the Singapore dollar and the Malaysian ringgit further consolidated to scale five-year highs as a fizzling U.S. dollar rally and China’s pivot from its strict COVID-19 curbs boosted investor appetite for Asian emerging currencies, a Reuters poll showed on Thursday. Investors were bullish on all nine Asian …
Bullish bets on Asian FX as easing of China COVID curbs boosts outlook – Reuters poll Read More »
SEOUL (Reuters) – South Korean consumers’ inflation expectations inched up in January, with sentiment toward economic conditions and the outlook also improving, a central bank survey showed on Thursday. The median expectation for consumer inflation in the next 12 months rose to 3.9% in January, from 3.8% in December, according to the Bank of Korea’s …
South Korean consumers’ inflation expectations inch up in January Read More »
By Shariq Khan BENGALURU (Reuters) -Oil prices settled largely unchanged on Wednesday after government data showed a smaller-than-anticipated build in U.S. crude inventories, countering weak economic data from Tuesday. Brent crude futures settled at $86.12 a barrel, down a cent, while the U.S. West Texas Intermediate (WTI) crude futures settled at $80.15 a barrel, up …
Oil prices steady after smaller-than-expected U.S. crude build Read More »
(Reuters) -E-cigarette maker Juul Labs Inc is in early talks with three tobacco giants for a potential sale, strategic investment, licensing or distribution deal, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Juul, which was reportedly looking to file for Chapter 11 bankruptcy, has had separate discussions with Philip Morris …
Juul in deal talks with three tobacco giants – WSJ Read More »
By Herbert Lash NEW YORK (Reuters) -A gauge of global equity markets slid from five-month highs on Wednesday as poor corporate results fueled recession fears, as did the ongoing inversion of short- and long-dated Treasury yields – a harbinger of economic downturns. But main indexes on Wall Street sharply pared losses, suggesting that many believe …
Stocks slide as corporate results spur recession feats Read More »
By Nivedita Balu and Tiyashi Datta (Reuters) -Microsoft Corp’s lackluster quarterly outlook points to more gloom ahead for the tech sector, analysts said, after the tech bellwether warned that its customers were cautious about spending in a turbulent economy. The warning from Microsoft, the second most valuable U.S. company, came after a steep fall …
Microsoft’s dour outlook raises red flags for tech sector Read More »
