By Satoshi Sugiyama TOKYO (Reuters) – Toyota Motor Corp rolled out a 2-litre plug-in version of its Prius on Wednesday, in an attempt to reboot the 25-year-old hybrid that was once at the cutting edge of low-emissions technology and appeal more widely to cost-conscious drivers. Toyota billed the new Prius, with its shark-like front and…
TOKYO (AP) — The new Toyota gas-electric Prius hybrid not only comes with more power, acceleration and driving range. It’s also more stylish, scrapping the rather stodgy angular body for a sleekly futuristic look. Simon Humphries, senior general manager of Global Toyota design who unveiled the car in Tokyo on Wednesday, stressed that the company…
TOKYO (AP) — Asian shares mostly declined Thursday amid concerns about the impact of China’s “zero-COVID” strategy mixed with hopes for economic activity and tourism returning to normal. Benchmarks fell in Tokyo, Seoul, Hong Kong and Shanghai, while gaining in Sydney. Oil prices fell. Market watchers noted worries about how the Federal Reserve might not…
By Kevin Buckland and Ankur Banerjee TOKYO (Reuters) – The safe-haven U.S. dollar’s early gains fizzled following volatile trading on Wednesday as traders took comfort from U.S. President Joe Biden’s remarks that a missile that caused a explosion in Poland may not have been fired from Russia. NATO-member Poland and Ukraine say the blast that…
TOKYO (Reuters) – Japanese chipmaker Rohm Co Ltd and automaker Suzuki Motor Corp have joined a proposal by private equity fund Japan Industrial Partners to take over Toshiba Corp, the Nikkei newspaper said on Wednesday. Rohm will invest about 300 billion yen ($2.14 billion) in the buyout proposal, Nikkei said, citing multiple sources it did…
By Krystal Hu and Eva Mathews (Reuters) -Elon Musk’s rocket and satellite company SpaceX is in talks about an offering of mostly secondary shares that could value the company at up to $150 billion, representing a 20% increase in valuation, sources told Reuters. The offering would be aimed at helping employees and shareholders cash out,…
By Aditya Kalra NEW DELHI (Reuters) – India’s Tata Group is planning to open at least 20 “beauty tech” stores where it will use virtual makeup kiosks and digital skin tests to get young, affluent shoppers to buy premium cosmetic products, according to a company document and a person familiar with its strategy. The move…
Ben & Jerry’s board of directors on Tuesday rebuked the sale of products bearing any of the ice cream maker’s insignia in West Bank settlements, the latest salvo in the Vermont-based company’s feud with its corporate parent over ice cream sales in the territories. Last year Ben & Jerry’s board said it was going to…
BEIJING (Reuters) – China’s new home prices fell at a faster pace in October as persistent COVID-19 curbs, a faltering economy and property woes weighed on demand, official data showed on Wednesday, but a rescue package for the sector has brightened the outlook. New home prices declined 0.3% month-on-month in October after easing 0.2% in…
By Kaori Kaneko TOKYO (Reuters) -Japan’s machinery orders unexpectedly fell in September in a sign the global economic slowdown and higher import costs are weighing on firms’ capital spending plans. Core orders, a highly volatile data series regarded as a barometer of capital expenditure in the coming six to nine months, fell 4.6% in September…
