TOKYO (Reuters) -Honda Motor Co said on Tuesday it would create a new division in a bid to strengthen and speed up its electrification business as part of an overhaul of its organisational structure. The shake-up is part of the automaker’s bid to catch up in the fast-growing market for full electric vehicles, led by …
Honda to create division to speed up electrification development Read More »
By Chris Gallagher YOKOHAMA (Reuters) – A Japanese whaling firm unveiled vending machines offering whale sashimi, whale steak and whale bacon in Yokohama on Tuesday in hopes of reviving sales of a food long in decline and shunned by many supermarkets. Wearing a whale-shaped hat, Kyodo Senpaku President Hideki Tokoro greeted prospective customers at the …
Japan whaling firm pins hopes on vending machines to revive sales Read More »
By John Revill ZURICH (Reuters) – Swatch Group shares hit their highest level in nearly two-and-a-half years on Tuesday after the world’s biggest watchmaker said it expected a recovery in luxury demand from China. The maker of high-end Omega, Tissot and Longines timepieces as well as its eponymous mass-market plastic watches said sales in China …
Swatch positive on recovery in luxury demand from China Read More »
BANGKOK (Reuters) – Hundreds of Thai villagers and small business-owners have filed lawsuits for damages worth 5 billion baht ($152.72 million) against Star Petroleum Refining (SPRC), PTT Global Chemical and government agencies over an oil spill, a law firm representing the complainants said on Tuesday. The lawsuits allege a lack of maintenance of an underwater …
Thai villagers take refiner Star Petroleum to court over oil spill Read More »
BENGALURU (Reuters) -Indian shares erased gains, tracking a slide in financials as investors booked profits after strong third-quarter earnings ahead of the federal budget due next week, offsetting the advance in technology and auto stocks. The Nifty 50 index was down 0.1% at 18,101.20 as of 2:31 p.m. IST on Tuesday, while the S&P BSE …
Indian shares erase gains as financials offset IT, auto Read More »
(Reuters) – Foxconn and other Taiwanese tech suppliers are increasing their production capacity in Mexico to meet a growing demand for electric vehicles (EVs) and servers to be made in North America, Nikkei Asia reported on Tuesday. Mexico is one of the key locations for the Foxconn’s strategic investments this year, according to the report, …
Taiwan’s Foxconn and others accelerate investment in Mexico – Nikkei Read More »
BENGALURU (Reuters) -Maruti Suzuki India Ltd beat quarterly profit estimates and reported improved margins on Tuesday as the country’s biggest carmaker benefitted from strong demand for its passenger cars, helped by festive sales. Profit for Maruti, which has over 40% market share in the country’s passenger vehicles segment, more than doubled to 23.51 billion rupees …
India’s top carmaker Maruti’s profit doubles on strong demand Read More »
By Tetsushi Kajimoto TOKYO (Reuters) – Japan raised its estimates for long-term interest rates over the coming few years in twice-yearly fiscal projections issued on Tuesday, following the central bank’s move last month to allow 10-year bond yields to move more widely. The latest projections also showed Japan would miss its key budget-balancing target by …
Japan sees rising interest rates expanding its growing debt pile Read More »
By Jorgelina do Rosario and Rachel Savage LONDON/JOHANNESBURG (Reuters) -Loans committed by China’s two main trade policy banks fell to a 13-year low of $3.7 billion in 2021 due to Beijing curtailing funding for large-scale oil projects, a study from Boston University Global Development Policy Center showed. Commitments made to 100 developing nations by the …
China development loans to emerging economies hit 13-year low in 2021 – study Read More »
JAKARTA (Reuters) – Indonesia’s foreign direct investment surged 44.2% on a yearly basis in 2022, with the base metal and mining sectors getting the biggest inflows, investment ministry data showed on Tuesday. Indonesia received 654.4 trillion rupiah worth of FDI last year, or equivalent to $45.6 billion in the ministry’s official calculation, which assumes an …
Indonesia’s FDI jumps in 2022, led by mineral processing Read More »
