By Hyunjoo Jin San Francisco (Reuters) -Toyota Motor Corp unit Woven Planet is following the lead of Tesla Inc in trying to advance self-driving technology with low-cost cameras. Woven Planet told Reuters it is able to use cameras to collect data and effectively train its self-driving system, a “breakthrough” that it hopes will help drive …
Like Tesla, Toyota develops self-driving tech with low-cost cameras Read More »
By Krystal Hu (Reuters) -Fetch Rewards, a shopping rewards app backed by SoftBank Group Group’s Vision Fund 2, has raised $240 million in a funding round that valued the company at more than $2.5 billion, Chief Executive Officer Wes Schroll told Reuters on Wednesday. The fresh capital, consisting of both equity and debt, came after …
SoftBank-backed Fetch Rewards raises $240 million in funding round Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -Stock indexes declined and benchmark U.S. Treasury yields rose on Thursday as investors digested hawkish signals from the Federal Reserve, and the U.S. dollar index was flat. Minutes released on Wednesday from the Fed’s March meeting reinforced concerns over inflation and suggested the U.S. central bank’s balance sheet reduction …
Stocks slip, Treasury yields rise as investors digest Fed signals Read More »
By Gibran Naiyyar Peshimam and Asif Shahzad ISLAMABAD (Reuters) -Pakistan’s central bank raised its policy rate by 250 basis points to 12.25% in an emergency meeting on Thursday, the bank said in a statement, the biggest hike in years. The State Bank of Pakistan (SBP) cited a deterioration in the outlook for inflation and an …
Pakistan central bank hikes policy rate by 250bps to 12.25% in emergency meeting Read More »
BEIJING (Reuters) – China’s oil demand is estimated to rebound to 14.26 million barrels per day (bpd) in the second quarter of 2022 after the country’s zero-COVID policy dampened consumption in the first quarter, a senior researcher from China National Petroleum Corp (CNPC) said. Oil consumption was assessed at 13.9 million bpd in the first …
China’s oil demand to grow in Q2, COVID rules weigh – CNPC researcher Read More »
SHANGHAI (Reuters) – Tesla will recall a total of 127,785 units of Model 3 cars in China, the country’s market regulator said on Thursday, for potential faults in semiconductor components that might lead to collisions. The company will recall the cars manufactured between January 2019 and January 2022, with 34,207 units imported and 93,578 units …
Tesla to recall 127,785 Model 3s in China, says market regulator Read More »
HANOI (Reuters) – Vietnam reported a trade surplus of $1.64 billion in the first quarter this year, government customs data released on Thursday showed. Exports in the January-March period rose 13.4% from a year earlier to $89.10 billion, while imports were up 15.2% at $87.46 billion, the Customs Department said in a report. In March, …
Vietnam reports $1.64 billion trade surplus in Q1 -customs data Read More »
BANGKOK (Reuters) – Thailand’s industries sentiment in March reached a 25-month high, bolstered by a recovery in economic activity as COVID-19 restrictions were eased, an industries group said on Thursday. The Federation of Thai Industries (FTI) said its industries sentiment index rose to 89.2 in March from a drop to 86.7 in the previous month. …
Thai industries confidence at 2-year high as activity recovers Read More »
SHANGHAI (Reuters) – China’s currency regulator expects foreign investments in yuan-denominated assets to increase over the long run, despite recent fluctuations, financial media outlet Caixin reported on Thursday. The remarks came as foreign investors trimmed their holdings of Chinese government bonds at the fastest rate in three years in February, while major economies including the …
China expects long-term capital inflows to return despite recent volatility Read More »
BANGKOK (Reuters) – Thailand has expanded incentives to boost the use of electric vehicles (EVs), the investment promotion agency said on Thursday, as the country looks to preserve its status as a major Southeast Asian auto production hub. Smaller charging stations will now be eligible for three-year tax benefits, an extra incentive on top of …
Thailand approves enhanced incentives to boost EV use Read More »
