By Daniel Leussink TOKYO (Reuters) – Honda Motor said on Tuesday that it was scaling back its investment in electric vehicles given slowing demand and would be focusing on hybrids, now far more in favour, with a slew of revamped models. Japan’s second-biggest automaker after Toyota Motor also dropped a target for EV sales to …
Japan’s Honda to scale back on electric vehicles, focus on hybrids Read More »
By Alexandra Alper and Jarrett Renshaw WASHINGTON (Reuters) -Nippon Steel plans to invest $14 billion in U.S. Steel’s operations including up to $4 billion in a new steel mill if the Trump administration green lights its bid for the iconic U.S. company, according to a document and three people familiar with the matter. Under details …
BEIJING (Reuters) -Chinese self-driving startup WeRide said on Tuesday that it will partner with Tencent Cloud to promote large-scale robotaxi commercial operations and build smart driving solutions for overseas markets. Under the deal signed on Tuesday, Tencent’s cloud unit “will rely on its global cloud infrastructure and operational experience to provide WeRide with overseas localised …
WeRide joins Tencent Cloud to build smart driving services for overseas markets Read More »
(Reuters) – IHH Healthcare said on Tuesday its unit has filed a petition in a Tokyo court to revise damages sought from Japan’s Daiichi Sankyo over its Fortis Healthcare stake buy to up to 109.3 billion rupees ($1.28 billion). Northern TK Venture (NTK) — a subsidiary of IHH — had filed a claim in October …
Malaysia’s IHH unit seeks up to $1.3 billion in damages from Japan’s Daiichi Sankyo Read More »
KARACHI (Reuters) -Pakistan’s economy grew 2.4% in the third quarter of the fiscal year that ends in June, the national accounts committee said on Tuesday, while revising up growth prospects for the current fiscal year. In a statement the committee approved a projection of 2.68% provisional growth in GDP during FY 2024/25, taking the size …
Pakistan posts 2.4% growth in third quarter of fiscal year Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is expected hold policy rates unchanged for a third consecutive meeting on Thursday in its bid to boost economic growth and help mitigate the fallout from potential U.S. tariffs, a Reuters poll showed. The country grew at a better-than-predicted pace of 5% in 2024, a …
Sri Lanka’s cenbank expected to hold rates to bolster growth: Reuters poll Read More »
BEIJING (Reuters) -China’s fiscal revenue continued to decline in the first four months of the year, but at a slower pace than in the first quarter, data showed on Tuesday, offering some relief to policymakers striving to mitigate the impact of U.S. tariffs. Fiscal revenue in the January-April period totalled 8.06 trillion yuan ($1.12 trillion), …
Decline in China fiscal revenue slows despite trade turmoil Read More »
By Scott Murdoch and Julie Zhu HONG KONG (Reuters) – Shares in CATL closed 16% higher on their Hong Kong debut on Tuesday after the Chinese electric vehicle battery giant raised $4.6 billion in the world’s largest listing this year, boosting prospects for equity sales by Chinese companies. CATL’s strong debut came despite heightened market …
CATL’s strong Hong Kong debut boosts outlook for Chinese companies’ fundraising Read More »
(Reuters) -Singapore’s SIA Engineering on Tuesday signed S$1.3 billion ($1.00 billion) services agreement with Singapore Airlines and its unit Scoot. ($1 = 1.2955 Singapore dollars) (Reporting by Sneha Kumar in Bengaluru)
TANGERANG, Indonesia (Reuters) – Malaysian state oil firm Petronas is in discussions with Indonesia’s Pertamina and French energy group TotalEnergies to form a partnership for the development of the Bobara oil block in Indonesia, a senior Petronas executive said on Tuesday. The talks have been taking place since last year but no deal has been …
Petronas says in talks with Pertamina, TotalEnergies for Bobara block partnership Read More »
