By Satoshi Sugiyama and Ben Klayman TOKYO/DETROIT (Reuters) – A new joint venture formed by Japan’s Sony Group Corp and Honda Motor plans to introduce a premium electric vehicle later this decade, and the automaker’s U.S. dealers are anxious to be part of the sales process. Sony Honda Mobility said on Thursday it was aiming …
Honda’s U.S. dealers want to be part of Sony Honda venture’s EV launch plans Read More »
(Reuters) – Automaker BMW is set to move production of its electric minis from the United Kingdom to China, The Times reported on Friday. The company denied the Times report on moving production to China from the UK. BMW makes 40,000 electric Minis a year at its Cowley factory on the outskirts of Oxford and …
BMW to move production of electric minis from UK to China -The Times Read More »
BERLIN (Reuters) – Volkswagen deliveries were up just over 10% in the third quarter as supply chain troubles eased but still down 12.9% overall this year so far at just over 6 million vehicles, the carmaker said on Friday. Deliveries were down in every major region this year, with Europe hardest hit, followed by the …
By Tom Hals and Sheila Dang WILMINGTON, Del. (Reuters) -Elon Musk is being investigated by federal authorities over his conduct in his $44 billion takeover deal for Twitter Inc, the social media company said in a court filing released on Thursday. While the filing said he was under investigations, it did not say what the …
Elon Musk is under federal investigations, Twitter says in court filing Read More »
By Yuka Obayashi TOKYO (Reuters) -State-owned Japan Oil, Gas and Metals National Corp (JOGMEC) will be allowed to buy liquefied natural gas (LNG) on behalf of utilities when normal procurement by private companies becomes difficult, under a plan approved by the Cabinet on Friday. The government is putting contingencies in place to safeguard energy security …
Japan makes contingencies to safeguard against risk of gas shortages Read More »
By Kevin Yao BEIJING (Reuters) – The third quarter for China’s economy is likely to underline the intensifying challenges at home and abroad, a Reuters poll showed, as an expected rebound in growth will still leave it poised for one of its worst years in almost half a century. Stringent COVID-19 curbs in the world’s …
By Xinghui Kok, Anshuman Daga and Chen Lin SINGAPORE (Reuters) -Singapore tightened monetary policy as expected for the fourth time this year to combat inflation running near a 14-year high, and left the door open for further policy action as it warned of risks to the growth and price outlook. The move by the Monetary …
Singapore tightens policy, keeps door open for more moves on hot inflation Read More »
By Chen Lin SINGAPORE (Reuters) – Singapore’s Finance Ministry on Friday announced a S$1.5 billion ($1.05 billion) support package for all Singaporean households amid concerns over the rising costs of living in the city-state. The package includes cash, vouchers and public transport subsidies mainly for lower- to middle-income citizens, according to a statement from the …
Singapore announces S$1.5 billion support package for all Singaporean households Read More »
TOKYO (Reuters) – Japan would decide appropriately on whether to intervene to stem any excess yen weakening, a senior lawmaker in the country’s ruling coalition party said on Friday, as the Japanese currency slumped to a 32-year low against the dollar. Keiichi Ishii, secretary general of Komeito party, an ally of the ruling Liberal Democratic …
TOKYO (Reuters) -The head of tax policy at Japan’s ruling Liberal Democratic Party (LDP) said on Friday that raising corporate taxes was an option to fund the country’s defence build-up, the Nikkei newspaper said. “A somewhat large tax should be considered if there are expectations for a sizeable tax revenue,” Yoichi Miyazawa, chair of the …
Japan LDP tax chief says corporate tax hike an option for defence funding -Nikkei Read More »
