By Nivedita Balu and Greg Roumeliotis (Reuters) -Twitter Inc said on Tuesday it will offer Tesla boss and entrepreneur Elon Musk a seat on its board of directors, a position he plans to use to bring about significant improvements at the social media site. The move came after Musk disclosed in a regulatory filing on …
(Reuters) – Russia is turning to microchip manufactures in China to circumvent western sanctions which have boosted demand for bank cards linked to the Mir payment system, an executive with the domestic payment system said. Western sanctions imposed on Russia over its invasion of Ukraine have cut Moscow off the global financial system and from …
Russia turns to China for microchips for in-demand domestic bank cards Read More »
SINGAPORE (Reuters) – China National Nuclear Power Co’s first-quarter power generation increased by 15.5% from the same period last year, with renewables growth outpacing its dominant nuclear arm. Total power output was 47 billion kilowatts hours (kWh) in the first three months of 2022, including 44.3 billion kWh from nuclear power stations and 2.69 billion …
China Nuclear Power Co’s first-quarter electricity output up 15.5% Read More »
TOKYO (Reuters) – Nissan Motor Co is pushing back the release date of the electric Ariya B6 SUV again due to a global shortage of semiconductors and other supply chain disruptions, the Japanese automaker said in a statement late on Monday. The Ariya, Nissan’s second EV-only model after the Leaf hatchback, will now go on …
Nissan delays Ariya electric SUV sales again, citing supply chain woes Read More »
(Reuters) – Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow’s invasion of Ukraine, but the European Union remains divided. The bloc’s 27 members have been unable to agree on an embargo, with Germany warning against hasty steps that could push the economy into recession, and, some …
Factbox-Who is buying Russian crude oil and who has stopped Read More »
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Tuesday the yen’s recent moves were “somewhat rapid”, joining a chorus of policymakers who have warned that sharp falls in the currency could hurt the country’s import-reliant economy. The remark was the strongest warning by Kuroda on yen …
BOJ Kuroda tones up warning on weak yen, says moves ‘somewhat rapid’ Read More »
By Gaurav Dogra (Reuters) – Asian equities witnessed steep foreign outflows in March, hit by worries over higher inflation as commodity prices soared due to an escalating conflict between Russia and Ukraine. According to Refinitiv data, cross-border investors sold Asian equities worth a net $16.23 billion in Taiwan, India, South Korea, the Philippines, Vietnam, Indonesia, …
Asian equities face biggest foreign outflows in March in two years Read More »
By Heekyong Yang and Hyonhee Shin SEOUL (Reuters) – Most staff at South Korea’s POSCO have returned to their offices starting from April 1, a spokesperson of the steelmaker said on Tuesday, making it one of the first major firms in the country to implement back-to-office plans. POSCO’s move comes as South Korea weighs scrapping …
S.Korea steelmaker POSCO says its staff back in office as COVID rules ease Read More »
COLOMBO (Reuters) – The International Monetary Fund (IMF) said on Tuesday that it is monitoring political and economic developments in Sri Lanka “very closely” as public unrest in the island nation grows amid its worst economic crisis in decades. President Gotabaya Rajapaksa on Monday dissolved the cabinet and appointed a new finance minister, while also …
IMF says monitoring political and economic developments in Sri Lanka ‘very closely’ Read More »
By Nivedita Balu (Reuters) -Tesla Inc boss Elon Musk on Monday disclosed a 9.2% stake in Twitter Inc, worth nearly $3 billion, making him the micro-blogging site’s largest shareholder and triggering a rise of more than 27% in the company’s shares. Musk’s move, revealed in a regulatory filing, comes on the heels of his tweet …
Musk takes 9% stake in Twitter to become top shareholder Read More »
