TOKYO (Reuters) -Toyota Motor Corp said on Thursday it is cutting its global vehicle production target in April by 150,000 units to 750,000 as a continued semiconductor shortage and the COVID-19 pandemic bite into the automaker’s production plans. Average monthly global production for the period from April to June would be about 800,000 units, it…
By Makiko Yamazaki (Reuters) -A Toshiba Corp independent director broke ranks with the company board’s public stance on Thursday, saying he would back a resolution at next week’s extraordinary shareholder meeting that could pave the way for a potential buyout deal. The comments from American Raymond Zage, a former Goldman Sachs banker and hedge fund…
-Oil prices climbed about 3% on Thursday after the International Energy Agency (IEA) said markets could lose three million barrels a day (bpd) of Russian crude and refined products from April. The supply loss would be far greater than an expected drop in demand of one million bpd triggered by higher fuel prices, the IEA…
By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – Tightening monetary policy or intervening in the currency market will do little to reverse unwelcome yen declines that inflate already rising fuel and raw material prices, Japan’s former top currency diplomat Hiroshi Watanabe said on Thursday. Japanese policymakers have historically battled sharp yen rises that threaten…
(Reuters) – The Russian central bank will hold a policy meeting on Friday as sanctions over Russia’s invasion of Ukraine leave the country increasingly isolated and devastate its economy. Below are five facts about Russia’s central bank governor Elvira Nabiullina: -An economics graduate of Moscow State University, Nabiullina became the first woman to run a…
BRUSSELS (Reuters) – The European Union will increase tariffs on stainless steel products from India and Indonesia after determining they benefited from unfair subsidies, including some from China under its Belt and Road investment programme. The European Commission, which conducted the investigation, has set the anti-subsidy duties on stainless steel cold-rolled flat products at rates…
BANGKOK (AP) — Shares were mostly lower in Asia on Friday after Wall Street extended a rally into a third day and oil prices pushed higher, surpassing $105 per barrel. Tokyo and Sydney advanced while Hong Kong, Shanghai and Seoul declined. Ukrainian President Volodymyr Zelenskyy called for more help for his country after days of…
PARIS (Reuters) – European aero and defence conglomerate Airbus is interested in taking over the cybersecurity business of French software company Atos, France’s BFM TV said on Thursday, citing sources with knowledge of the matter. Airbus did not immediately reply to a Reuters request for comment. BFM, in its report, cited one source as saying…
-Oil prices climbed on Thursday after the International Energy Agency (IEA) said markets could lose three million barrels per day (bpd) of Russian crude and refined products from April. The supply loss would be far greater than an expected one million bpd per day drop in demand triggered by higher fuel prices, the IEA said…
By Heekyong Yang and Silvia Aloisi SEOUL (Reuters) – As COVID curbs cut travel and duty-free shopping, South Koreans are driving a luxury goods boom at home that has left Chanel barring nearly a third of would-be shoppers to stop bulk buyers snagging $10,000 bags for resale with markups of 20% or more. The storied…
