Reuters Asia Business

Toyota says about 296,000 pieces of customer info possibly leaked

7 Oct 2022

TOKYO (Reuters) -Toyota Motor Corp said on Friday it had found that about 296,000 pieces of customer information from its T-Connect service might have been leaked. Toyota said 296,019 email addresses and customer numbers of those using T-Connect, a telematics service that connects vehicles via a network, were potentially leaked. The affected customers are individuals …

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Wall Street dives, oil surges as investors prepare for more rate hikes

7 Oct 2022

By Pete Schroeder WASHINGTON (Reuters) -U.S. stocks tumbled on Friday after a stronger-than-expected jobs report locked in expectations that the Federal Reserve is sticking with a steady diet of rate hikes, while supply cuts continued to boost oil prices. The Dow Jones Industrial Average closed down more than 600 points, sliding 2.11%, while the S&P …

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Brazil unit of China Three Gorges to file for $1 billion IPO, sources say

7 Oct 2022

By Tatiana Bautzer SAO PAULO (Reuters) -The Brazilian unit of power company China Three Gorges Corp is expected to file this month for an initial public offering, aiming to raise $1 billion, three people with knowledge of the matter said on Friday. CTG Brasil hired the investment banking units of Citigroup, Bank of America, Itau …

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Dollar climbs as U.S. jobs report is stronger than expected

7 Oct 2022

By Caroline Valetkevitch NEW YORK (Reuters) – The U.S. dollar strengthened against major currencies on Friday after U.S. data showing employers hired more workers than expected in September, suggesting the Federal Reserve will likely stick to its aggressive tightening policy for now. The dollar reversed early losses against the Japanese yen and was last up …

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Betting on flexibility, China’s Nio will only rent cars in new EU markets

7 Oct 2022

By Victoria Waldersee BERLIN (Reuters) – Chinese electric vehicle maker Nio will only lease its cars when it launches in four European markets this year, its CEO told Reuters on Friday, betting that flexibility will be a key selling point as drivers switch to the new technology. Users will be able to lease a car …

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Japan’s foreign reserves drop by record on market shakeout, FX intervention

7 Oct 2022

By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s foreign reserves fell by a record $54 billion in September, official data showed on Friday, as global market ructions dented the value of foreign bonds and prompted dollar-selling intervention to arrest a steep decline in the yen. The reserves stood at $1.238 trillion at the end of September, …

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Japan top FX diplomat says he never saw a limit to “ammunition” for intervention

7 Oct 2022

TOKYO (Reuters) – Japan’s top currency diplomat Masato Kanda said on Friday he has never felt a limit in “ammunition” available for currency interventions. “I’ve never felt any restrictions. To achieve that end, we are making various efforts,” Kanda, vice finance minister for international affairs, told reporters at the Ministry of Finance. He declined to …

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