By Maki Shiraki TOKYO (Reuters) -Toyota Motor Corp plans to launch a sport utility vehicle version of its Crown sedan for Japan, China and North America, three people said, revamping a car that has been a showpiece of Japan’s market for nearly seven decades. The SUV – which will come in hybrid, plug-in hybrid and …
Toyota aims to rev up 67-year-old Crown with SUV model, sources say Read More »
By Kevin Yao BEIJING (Reuters) – China’s economic growth is likely to slow to 5.0% in 2022 amid renewed COVID-19 outbreaks and a weakening global recovery, a Reuters poll showed, raising pressure on the central bank to ease policy further. The forecast growth for 2022 would be lower than the 5.2% analysts tipped in a …
China’s GDP growth seen slowing to 5.0% in 2022 on COVID hit – Reuters poll Read More »
TOKYO (Reuters) – The Bank of Japan (BOJ) will give a slightly hawkish tilt to its guidance on the future path of monetary policy by phasing out a pledge to ramp up stimulus if needed, Naomi Muguruma, a veteran analyst well-versed in the bank’s policy, said on Thursday. The tweak could come at the central …
Veteran BOJ watcher predicts hawkish tweak to central bank’s guidance Read More »
SHANGHAI/BEIJING (Reuters) – China’s securities regulator on Thursday ordered Legend Holdings Corp to rectify information disclosure issues. The China Securities Regulatory Commission (CSRC) said in a statement that a regular on-site inspection found that the company released its 2020 annual report in Hong Kong earlier than it did in mainland China. Legend’s disclosure via the …
China securities regulator orders Legend Holdings to fix information disclosures Read More »
BEIJING (Reuters) – China’s commerce ministry hopes the United States will remove tariffs on Chinese goods and stop cracking down on Chinese firms as soon as possible, ministry spokersperson Shu Jueting told regular news conference on Thursday. A stable and healthy bilateral trade relations will help stabilize global supply chains and the global economic recovery, …
By Julia Payne LONDON (Reuters) -Major global trading houses are planning to reduce crude and fuel purchases from Russia’s state-controlled oil companies as early as May 15, sources said, to avoid falling foul of European Union sanctions on Russia. The EU has not imposed a ban on imports of Russian oil in response to Russia’s …
Exclusive-Oil traders to cut Russian oil purchases from May 15 – sources Read More »
ROME (Reuters) -An Italian administrative court ruled that a government veto of the purchase of seed producer Verisem by Chinese-owned Syngenta was valid, the agrochemicals giant said on Wednesday. Prime Minister Mario Draghi blocked the proposed takeover in October, the second time he used the special “golden power” rules to ward off an undesired bid …
Italian court rules veto of Syngenta purchase of seed producer is valid Read More »
By Hannah Lang WASHINGTON (Reuters) – The U.S. dollar eased back from a nearly two-year high on Wednesday as the euro reversed course and turned positive ahead of a policy-setting meeting at the European Central Bank on Thursday. Against a basket of six major currencies, the dollar fell to 99.888, after climbing early in the …
U.S. dollar drops, euro rises as markets look to ECB Read More »
By Katanga Johnson WASHINGTON (Reuters) -Global investor optimism lifted shares on Wednesday despite blurry inflation forecasts as bank earnings and oil supply concerns boosted trading sentiment. The Japanese yen weakened past the 126 yen per dollar mark on Wednesday for the first time since 2002, while the euro was pinned at a one-month low as …
Global equities rise despite inflation scares, oil climbs Read More »
By David Gaffen NEW YORK (Reuters) -Oil prices jumped on Wednesday, as a large increase in U.S. crude inventories failed to soothe worries about tight global supply, with major oil traders expected to shun Russian barrels. Brent crude settled up $4.14, or 4%, to $108.78. U.S. West Texas Intermediate (WTI) crude futures ended up $3.65, …
Oil prices settle up 4% despite big U.S. crude inventory build Read More »
