(Reuters) -Toyota Motors’ North American unit reported higher second-quarter U.S. vehicle sales on Tuesday, helped by demand for its sedans and SUVs. The Japanese automaker’s sales rose 7.2% to 666,469 units, from a year ago. (Reporting by Nathan Gomes in Bengaluru; Editing by Tasim Zahid)
SHANGHAI (Reuters) -China’s Xiaomi is telling customers of its new YU7 electric sports utility vehicle they will have to wait more than a year to receive their cars, sparking a fresh wave of complaints against the company. The smartphone turned EV maker said it received roughly 240,000 orders for the YU7 in the first 18 …
Xiaomi’s YU7 car buyers face year-long wait for delivery, sparking complaints Read More »
By Balazs Koranyi and Francesco Canepa SINTRA, Portugal (Reuters) -Bank of Japan Governor Kazuo Ueda said on Tuesday the country’s underlying inflation was still “somewhat below” the central bank’s 2% target. Speaking at a seminar in Portugal hosted by the European Central Bank, Ueda also said the range of the BOJ’s estimate on the neutral …
BOJ’s Ueda says underlying inflation still below 2% Read More »
(Corrects surname of Bain partner in paragraph 6 to Levato, not Lovato) By Mimosa Spencer PARIS (Reuters) -With Middle East airspace reopening and the U.S.-brokered ceasefire between Israel and Iran appearing to hold, the luxury sector is still counting on the region’s wealthy shoppers to help offset weakness in its main U.S. and Chinese markets …
Luxury sector pins hopes on Middle East despite clouds from conflict Read More »
BEIJING (Reuters) -China’s market regulator said on Tuesday it has approved ANA Holdings Inc’s acquisition of Nippon Cargo Airlines (NCA) with conditions, including a set of binding commitments to preserve fair competition in the China-Japan air cargo market. The Chinese regulator’s approval has cleared the way for ANA, Japan’s largest airline, to buy NCA to …
China regulator approves ANA Holdings’ takeover of Nippon Cargo with conditions Read More »
By Rozanna Latiff KUALA LUMPUR (Reuters) -Liquidators trying to recover money from Malaysia’s sovereign wealth fund 1MDB have sued Standard Chartered Bank in Singapore, alleging it enabled fraud that led to more than $2.7 billion in financial losses more than 10 years ago. Standard Chartered on Tuesday said that it emphatically rejected the claims. The …
Standard Chartered Bank faces $2.7 billion lawsuit over alleged role in 1MDB fraud Read More »
By Andrew Silver SHANGHAI (Reuters) -Chinese drugmaker Innogen expects to complete a late-stage clinical trial of its experimental weight-loss drug candidate next year, its CEO said on Tuesday, the latest Chinese company to join the race to develop obesity treatments. Chinese companies are rushing to develop drugs belonging to the GLP-1 class of medications for …
China’s Innogen expects to complete weight-loss drug trials next year Read More »
WASHINGTON/LONDON/TOKYO (Reuters) -Worries over future U.S. tariffs are clouding the outlook for factories across much of the United States, Asia and Europe, according to surveys released on Tuesday which nonetheless showed some were able to shrug off the uncertainty and keep growing. Among the bright spots, Japan’s manufacturing read-out showed growth for the first time …
By Gilles Guillaume and Dominique Patton PARIS (Reuters) -Renault will book a one-off loss of about 9.5 billion euros ($11 billion) on its stake in Nissan Motor, the French carmaker said on Tuesday, writing down its years-long investment in its Japanese partner that is battling slumping sales. The move is a further loosening of ties …
Renault to report $11 billion loss on Nissan stake in first half Read More »
JAKARTA (Reuters) -Indonesia has issued a new regulation to attract investment from oil drilling technology providers in an effort to boost production from existing wells, officials said on Tuesday. The policy is mainly aimed at the reactivation of idle wells, deputy energy minister Yuliot Tanjung told reporters, as part of efforts to lift oil output …
Indonesia seeks to attract new technology for oil drilling Read More »
