Reuters Asia Business

DUBAI (Reuters) -Abu Dhabi’s Etihad Airways on Wednesday signed a letter of intent to order seven Airbus A350 freighter aircraft, European planemaker Airbus said at the Singapore Airshow. The value of the potential deal was not disclosed. The state-owned airline had been considering the Airbus freighter and the competing 777X cargo jet developed by Boeing. …

Abu Dhabi’s Etihad lines up order for seven Airbus A350 cargo planes Read More »

By Chen Lin SINGAPORE (Reuters) – AirAsia Aviation Group on Wednesday unveiled plans for a low-cost air ridesharing service in Southeast Asia after signing a non-binding deal with lessor Avolon for at least 100 Vertical Aerospace VX4 electric vehicles. Tony Fernandes, chief executive of AirAsia parent Capital A, said flights could start by 2025, with …

AirAsia to lease at least 100 flying taxis to launch air ridesharing service Read More »

By Leika Kihara TOKYO (Reuters) -The Bank of Japan has no plan now to change an implicit 0.25% cap set around its yield target, though a tweak in the future cannot be ruled out, governor Haruhiko Kuroda said on Wednesday. Under yield curve control, the BOJ guides the 10-year Japanese government bond (JGB) yield around …

BOJ’s Kuroda says no plan to change long-term yield cap – for now Read More »

By Joyce Lee SEOUL (Reuters) – Unionised workers of Samsung Electronics have threatened what would be an unprecedented strike at the tech giant if their demands for higher pay and better working conditions are not met. Union representatives held a rally on Wednesday near Samsung’s headquarters in midtown Seoul after government arbitration broke down earlier …

Samsung Electronics unions threaten first-ever strike, impact unclear Read More »

By Chen Lin SINGAPORE (Reuters) – China’s Shein is aggressively expanding its Singapore office after making a Singapore firm its de facto holding company, according to people with knowledge of the matter and a Reuters analysis of filings by the online fast-fashion retailer. Chris Xu, Shein’s founder and CEO, has also become a permanent resident …

Exclusive-Chinese fashion firm Shein on Singapore hiring spree as it shifts key assets there Read More »

By Nick Carey and Ben Klayman FARNHAM, England (Reuters) – As traditional automakers prepare to churn out electric vans and trucks, startups are focused more than ever on finding a competitive or technological edge to stay on the road once their bigger rivals start moving through the gears. Spurred on by looming bans on combustion …

EV startups hunt for an edge as big automakers roll out vans and trucks Read More »

MILAN (Reuters) – Stellantis’ luxury brand Maserati said on Tuesday it would unveil its new Grecale sport utility vehicle (SUV) on March 22 after its presentation was postponed last year. The launch, initially scheduled for November, was moved to the spring of this year due to a global chip shortage. The new model will be …

Stellantis’ Maserati to unveil new Grecale luxury SUV on March 22 Read More »