PARIS/SYDNEY (Reuters) -Malaysia Airlines is poised to announce a deal next Monday to acquire 20 Airbus A330neo wide-body jets, industry sources said on Wednesday. Chief Executive Izham Ismail said in June the airline was nearing a decision on replacing its earlier-model A330 fleet, and Reuters last month reported that the upgraded A330neo had been selected …
Malaysia Airlines to acquire 20 Airbus A330neos – sources Read More »
TOKYO (Reuters) – Japanese tyremaker Bridgestone Corp said on Wednesday it will invest $26.7 million by 2030 to enhance productivity of natural rubber plantations it owns in Indonesia to secure sustainable supplies of the raw material. The company aims to double harvest volumes of natural rubber in a given area in 2035 compared with projected …
Bridgestone to spend $26.7 million on Indonesia rubber plantations Read More »
By Liangping Gao and Kevin Yao BEIJING (Reuters) -China’s factory-gate inflation eased to a 17-month low in July, defying global cost pressures as slower domestic construction weighed on raw material demand, although consumer price increases hit a two-year high as pork supplies tightened. The producer price index (PPI) rose 4.2% year-on-year, the National Bureau of …
China’s factory inflation hits 17-month low, consumer prices speed up Read More »
TOKYO (Reuters) – Toyota Motor Corp said on Wednesday it would hold to its plan to produce 9.7 million vehicles globally this fiscal year, even as it announced another stoppage related to the spread of COVID-19. The Japanese automaker is seeking to boost production in earnest after COVID lockdowns in China and a global chip …
Toyota says no change to plan to produce 9.7 million vehicles globally this year Read More »
TOKYO (Reuters) – Japan’s Honda Motor Co raised the outlook for its full-year operating profit on Wednesday thanks to weaker yen, but warned against over-optimism as it saw the chips shortage continuing and was concerned about an economic slowdown. The mixed view from Honda reflected sentiment held widely among Japanese carmakers that although demand is …
Honda raises annual profit forecast after beating quarterly view Read More »
By Yimou Lee and Sarah Wu TAIPEI (Reuters) -Apple Inc supplier Foxconn gave a cautious outlook for the current quarter after posting results that exceeded expectations, citing slowing smartphone demand after a pandemic-fuelled boom. The comments from the Taiwanese company, the world’s largest contract electronics maker, echo those from other Asian tech firms that have …
Apple supplier Foxconn cautious on outlook as smartphone sales slow Read More »
SYDNEY (Reuters) -More work needs to be done to reset relations between Canberra and Beijing, China’s ambassador to Australia said on Wednesday, adding that the two nations had not yet reached the stage of resolving political and trade disputes. Australia’s largest trading partner, China put sanctions on its products from coal to wine and seafood …
Chinese envoy says Australia ties must be mended before solving trade issues Read More »
TOKYO (Reuters) – Japanese oil refiner Cosmo Energy Holdings sees that oil prices could come under pressure if a global recession emerges, though the market is expected to remain tight amid the prolonged Russia-Ukraine conflict, its executive said on Wednesday. “It is difficult to predict oil prices …but my gut feeling is that oil prices …
Cosmo sees oil prices under pressure if global economy slides into recession Read More »
By Hyunjoo Jin and Akriti Sharma (Reuters) -Tesla Inc Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle with the social media platform. “In the (hopefully unlikely) event that Twitter …
Musk sells Tesla shares worth $6.9 billion, cites chance of forced Twitter deal Read More »
By Laila Kearney NEW YORK (Reuters) -Oil prices settled slightly lower on Tuesday after a see-saw session as worries that a slowing economy could cut demand vied with news that some oil exports had been suspended on the Russia-to-Europe Druzhba pipeline that transits Ukraine. Crude prices have been under pressure for weeks as fears mounted …
Oil settles lower as halted Russian pipeline flows appear temporary, demand fears rise Read More »
