By Aditi Shah NEW DELHI (Reuters) – Mercedes Benz expects double-digit sales growth in India this year, despite concerns that a weaker rupee could increase car prices, the head of its local unit said in an interview. The German luxury carmaker’s sales in India rose 41% last year to 15,822 cars, its highest ever in …
Mercedes expects double-digit growth in India in 2023 despite weak rupee Read More »
By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – An International Monetary Fund (IMF) delegation will meet Pakistan’s finance minister on the sidelines of a conference in Geneva beginning on Jan. 9, a spokesperson of the lender said on Sunday, as Pakistan struggles to restart its bailout programme. The lender is yet to approve the release of …
Pakistan’s finance minister to meet IMF in Geneva, with bailout stalled Read More »
By Leika Kihara TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida said on Sunday his government and the central bank must discuss their relationship in guiding economic policy after he names a new Bank of Japan (BOJ) governor in April. The remark heightens the chance the government may revise its a decade-long blueprint with the central …
Japan Kishida vows to debate govt, BOJ roles with new central bank head Read More »
By David Shepardson WASHINGTON (Reuters) – The U.S. Federal Aviation Administration (FAA) said on Saturday it had agreed to partner with the Korea Office of Civil Aviation (KOCA) future Advanced Air Mobility aircraft development and operations. The two nations signed a declaration to collaborate and share information on advanced air mobility projects and work together …
United States, South Korea to partner on advanced air mobility development Read More »
SHANGHAI (Reuters) -Hundreds of Tesla owners gathered at the automaker’s showrooms and distribution centres in China over the weekend, demanding rebates and credit after sudden price cuts they said meant they had overpaid for electric cars they bought earlier. On Saturday, about 200 recent buyers of the Tesla Model Y and Model 3 gathered at …
Tesla owners in China protest against surprise price cuts they missed Read More »
By Yingzhi Yang, Brenda Goh and Kane Wu SHANGHAI/HONG KONG (Reuters) -Ant Group’s founder Jack Ma will give up control of the Chinese fintech giant in an overhaul that seeks to draw a line under a regulatory crackdown that was triggered soon after its mammoth stock market debut was scuppered two years ago. Ant’s $37 …
Ant Group founder Jack Ma to give up control in key revamp Read More »
SHANGHAI (Reuters) – A fire started in an auxiliary workshop at the Taixing cobalt refinery of battery materials producer GEM at midday Saturday, according to a notice from Taixing authorities. The cause of the fire was not immediately apparent and there were no casualties. The official notice said the fire had been “effectively controlled”. GEM …
Fire breaks out at GEM’s cobalt refinery in eastern China Read More »
By Julie Steenhuysen and Deena Beasley (Reuters) -The U.S. Food and Drug Administration on Friday approved the Alzheimer’s drug lecanemab developed by Eisai Co Ltd and Biogen Inc for patients in the earliest stages of the mind-wasting disease. Eisai and Biogen said on Saturday the Japanese drugmaker had applied for full FDA approval of the …
Eisai, Biogen get U.S. FDA approval for Alzheimer’s drug, apply for full approval Read More »
TAIPEI (Reuters) – Taiwan’s exports fell for a fourth straight month in December due to the worsening state of the global economy, as inflation and rising interest rates weighed on demand, and benefits from China’s relaxation of its COVID controls had still to emerge. Exports dropped 12.1% by value last month from a year earlier …
Taiwan exports fall for 4th month in December, decline seen extending into Q1 Read More »
BANGKOK (Reuters) – Alibaba Group founder Jack Ma was spotted socialising in Bangkok this week, having stayed out of the public eye since regulators in China launched a clampdown on his business empire in late 2021, social media posts and local media reports showed. Little has been heard from the once outspoken Chinese billionaire since …
Chinese billionaire Jack Ma spotted in Bangkok – Thai media reports Read More »
