TOKYO (Reuters) -Japan’s private-sector rice imports rocketed higher in May as the country grapples with supply shortages that have become a major headache for both consumers and policymakers. Some 10,600 metric tons of so-called staple rice – which is consumed at meals as opposed to rice used for feed or ingredients in other products – …
TOKYO (Reuters) -Toyota Motor’s global sales rose for a fifth straight month in May, setting a record for the month, as strong demand in markets such as the U.S. held firm despite President Donald Trump’s tariffs, the automaker said on Friday. Worldwide sales climbed 6.9% year-on-year to 898,721 vehicles in May, driven by robust demand …
Toyota’s global sales hit May record, but production dips Read More »
SHANGHAI (Reuters) -Indian drugmaker Biocon has abandoned plans to market generic versions of Novo Nordisk’s hot-selling diabetes and weight-loss drugs in China due to local competition, a senior executive said. “We decided not to do it in China, not supply or register the product in China, either finished product or the API, because there is …
India’s Biocon drops plan to launch weight-loss drugs in China, executive says Read More »
HANOI (Reuters) -Vietnam’s lawmakers approved a plan on Friday to establish international financial centres in Ho Chi Minh City and Danang to attract investment and strengthen its global financial standing as economic uncertainties rise. The centres will operate under unified management, with Ho Chi Minh City focusing on capital, banking, and currency markets, and Danang …
Vietnam approves plans for international financial centre amid US trade pressure Read More »
By Anton Bridge TOKYO (Reuters) -SoftBank Group CEO Masayoshi Son on Friday said he wants the Japanese technology investment group to become the biggest platform provider for “artificial super intelligence” within the next 10 years. “We want to become the organiser of the industry in the artificial super intelligence era,” Son told shareholders at the …
SoftBank aims to become leading ‘artificial super intelligence’ platform provider Read More »
BEIJING (Reuters) -China’s industrial profits swung back into sharp decline in May from a year earlier, as factory activity slowed in the face of broader economic stress and a fragile trade truce with the United States. Deepening deflationary pressures and a persistent property crisis continued to undercut demand and growth in the world’s second-largest economy. …
China’s May industrial profits slip back into sharp decline Read More »
By Leika Kihara TOKYO (Reuters) -Core consumer inflation in Japan’s capital slowed sharply in June due to temporary cuts to utility bills but stayed well above the central bank’s 2% target, keeping alive market expectations for further interest rate hikes. Steady rises in services prices added to continued increases in the cost of food including …
Core inflation in Japan’s capital slows but stays above BOJ target Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Ethane traders Satellite Chemical USA and Vinmar International have received U.S. government letters allowing them to load ethane on vessels destined for China but prohibiting unloading ethane in China without authorization, sources familiar with the matter said. The letters received Wednesday from the U.S. Department of Commerce follow a licensing …
By Ananda Teresia and Stefanno Sulaiman JAKARTA (Reuters) -Indonesia’s Attorney General Office has signed an agreement with four telecommunication operators to install wiretapping devices, an official from the Office said, raising questions among analysts about the potential impact on privacy and surveillance. The agreement, signed on Tuesday, would allow prosecutors to access telecommunication recordings and …
Indonesia signs wiretapping pacts with telco operators; analysts flag privacy concerns Read More »
ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist The dollar slid and stocks surged on Thursday as investors ramped up bets that U.S. interest rates will soon be cut, after President Donald Trump, in his latest attack on Fed Chair Jerome Powell, reportedly said he …
