TOKYO (Reuters) -Panasonic on Wednesday said first-quarter operating profit at its battery-making unit grew 47% as an AI investment boom offset the negative impact of U.S. tariffs and the termination of electric vehicle tax credits. Profit at the unit, which makes batteries for Tesla and other EV makers, rose to 31.9 billion yen ($215.6 million). …
Panasonic Energy Q1 profit grows 47% year-on-year on AI boom Read More »
TOKYO (Reuters) -Japan’s industry and land ministers on Wednesday designated Matsumae and Hiyama, areas off the northern island of Hokkaido, as promotion zones for upcoming offshore wind power auctions, aiming to bolster the country’s renewable energy goals. The government will develop guidelines for the use of the zones and launch a public tender to choose …
Japan designates two Hokkaido sites for offshore wind auctions Read More »
By Kitiphong Thaichareon and Orathai Sriring BANGKOK (Reuters) – A strong first half of 2025 has Thailand’s economy on track to grow 2.2% this year, slightly higher than a previous forecast of 2.1%, the finance ministry said on Wednesday, although it cautioned U.S. tariffs could see momentum slow later this year. Exports, a key driver …
Thai government slightly raises 2025 growth forecast to 2.2%, but tariffs a concern Read More »
ZURICH (Reuters) -Logitech International is making good progress on shifting its production lines out of China to reduce the impact of U.S. tariffs on its computer peripherals, Chief Executive Hanneke Faber said on Wednesday The changes were announced in April to lessen the impact of U.S. duties on Chinese imports, which currently amount to 20% …
Logitech says production shift out China to reduce tariff impact going well Read More »
FRANKFURT (Reuters) -A major flow of Chinese trade away from the United States would likely lower euro zone inflation next year, when price growth is already set to undershoot the 2% target, a European Central Bank blog post said on Wednesday. China is negotiating a trade deal with the U.S. and pressure has increased on …
Chinese trade diversion from US would cut euro zone inflation, ECB blog says Read More »
BANGKOK (Reuters) -Thailand adjusted an electric vehicle incentive policy on Wednesday to give carmakers more flexibility to meet production requirements and boost exports, amid tepid domestic demand and intense competition as Chinese brands flood the local market. Under its EV policy launched in 2022, Thailand allowed duty-free imports under the condition that domestic EV output …
Thailand adjusts EV policy to ease production requirements, target exports Read More »
YOKOHAMA, Japan (Reuters) -Nissan posted its first quarterly operating loss in more than four years on Wednesday as the embattled Japanese automaker took a hit from U.S. import tariffs and lower sales volumes. It reported an operating loss of 79.1 billion yen ($534.57 million) for the April-June quarter, narrower than an average estimate for a …
Nissan posts first quarterly profit loss in more than 4 years Read More »
TOKYO (Reuters) -Toyota said on Wednesday its worldwide output and sales reached record highs for the first six months of the year, fuelled by strong demand in markets including North America, Japan and China. The world’s biggest automaker’s global sales for January-June grew 5.5% year-on-year to more than 5.1 million vehicles, supported by demand for …
Toyota global output, sales hit record highs in January-June Read More »
JAKARTA (Reuters) -Indonesia will raise taxes on cryptocurrency transactions, with a higher rate on trades hosted by overseas bourses, starting from August 1, according to a new finance ministry regulation. Cryptocurrencies have become a popular investment option in Southeast Asia’s largest economy, where they are legally traded but cannot be used as a means of …
Indonesia to raise tax rate on crypto transactions Read More »
By Jihoon Lee SEOUL (Reuters) -South Korea’s exports likely climbed in July for a second straight month on robust chip sales and frontloading ahead of a U.S. tariff deadline, a Reuters poll showed on Wednesday. Exports from Asia’s fourth-largest economy are forecast to have risen 4.6% from a year earlier, according to a median estimate …
South Korea exports to rise in July ahead of US tariff deadline: Reuters poll Read More »
