TOKYO (AP) — Shares were mostly lower in Asia on Thursday as investors watched for fresh signs of inflation and crude oil prices hovered above $120 a barrel, adding to price pressures. Benchmarks declined across the region, except in Tokyo, where a weakening yen sent issues of some Japanese exporters higher. Nintendo surged 1.4% in…
BERLIN (Reuters) – Mercedes-Benz CEO Ola Kaellenius ruled out the possibility that two major Chinese shareholders could increase their stakes and create a blocking minority, in an interview with German daily Handelsblatt on Wednesday. “That is not the case. We have very good and strong relations with our investors,” Kaellenius told the daily. The two…
MOGADISHU, Somalia (AP) — No mother should have to lose her child. Owliyo Hassan Salaad has watched four die this year. A drought in the Horn of Africa has taken them, one by one. Now she cradles her frail and squalling 3-year-old, Ali Osman, whom she carried on a 90-kilometer (55-mile) walk from her village…
PARIS (Reuters) -French spirits group Pernod Ricard said on Wednesday it was banking on digital initiatives, notably the use of data, and its portfolio of high-end brands to accelerate sales growth over the mid-term. The world’s second-biggest spirits group behind Diageo, Pernod said it would aim to deliver annual organic sales growth at the upper…
By Bernadette Christina and Gayatri Suroyo JAKARTA (Reuters) – South Korea’s LG Energy Solution (LGES) on Wednesday broke ground on nickel processing plants in Indonesia, part of the company’s $9.8 billion investment in the country to produce electric vehicle batteries. The company will build a $3.5 billion smelter with the capacity to produce 150,000 tonnes…
BEIJING (Reuters) -China will make port operations more efficient and hold more online trade fairs as part of a suite of new measures to ease pressure on the country’s foreign trade, Vice Commerce Minister Wang Shouwen said on Wednesday. Export growth in the world’s second-largest economy slowed to single digits in April, the weakest in…
By Florence Tan SINGAPORE (Reuters) – Oil prices drifted higher on Wednesday, anticipating a report of low U.S. oil stocks, while expectations of solid demand in the upcoming driving season also lent support. Brent crude futures for August had risen 21 cents, or 0.2%, to $120.79 a barrel by 0413 GMT after closing on Tuesday…
By Joan Faus BARCELONA (Reuters) – Volkswagen’s Spanish brand CUPRA will launch three electric models by 2025, including what would be its first fully electric vehicle to be made in Spain, CUPRA said on Tuesday. Volkswagen delivered 452,000 all-electric vehicles last year and is aiming for half of its global output to be all-electric by…
