TOKYO (Reuters) – A Japanese automobile lobbying group “firmly opposes” a plan for mileage tax on electric vehicles, an official of the group said on Thursday, adding that it would slow electrification efforts. “We are firmly opposed to the hasty introduction of measures such as a mileage tax without public discussion,” said Seiichi Nagatsuka, vice…
TOKYO (AP) — Japan marked a trade deficit for the 15th month in a row in October, as both imports and exports reached record highs amid the soaring costs of energy and food and a drooping yen. The deficit, at 2.16 trillion yen ($15 billion), was the highest for the month of October since comparable…
TAIPEI, Taiwan (AP) — Taiwan’s envoy to a gathering of Asia-Pacific leaders is the 91-year-old billionaire founder of a computer chip manufacturing giant that operated behind the scenes for decades before being thrust into the center of U.S.-Chinese tension over technology and security. Morris Chang’s hybrid role highlights the clash between Taiwan’s status as one…
TOKYO (Reuters) -Renault SA may transfer more than half its stake in Nissan Motor to a trust to match the Japanese car maker’s holdings in itself, the Nikkei newspaper reported on Thursday. Renault would transfer a 28% stake it owns in Nissan to a trust and would be left with a 15% stake, equivalent to…
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s imports surged by more than half in October from a year earlier, dwarfing exports and delivering another trade deficit, which has weighed heavily on the yen and added upward pressure to costs of living and doing business. The trade gap reflects the pain felt by households struggling to…
DENVER (AP) — Three meat plant workers have filed a federal lawsuit accusing 11 of the United States’ largest beef and pork producers of conspiring to depress wages and benefits. The lawsuit, filed in federal court in Denver on Friday, seeks class-action status and alleges the producers have worked together since at least 2014 to…
WASHINGTON (AP) — Christopher Waller, a key Federal Reserve official, added his voice Wednesday to a rising number of Fed officials who have suggested that the central bank will likely slow the pace of its interest rate hikes beginning in December. Waller, a member of the Fed’s Board of Governors, said he was open to…
By Chavi Mehta and Jane Lanhee Lee (Reuters) -Chip designer and computing firm Nvidia Corp beat expectations for third-quarter revenue on Wednesday, thanks to strong demand in its data center business on the back of rising cloud adoption. Data center revenue in the third quarter rose 31% from a year ago, while gaming revenue was…
(Reuters) -Argentina’s rising central bank debt poses a risk to the country’s monetary stability, ratings agency Moody’s said on Wednesday, adding it could further stoke inflation and aggravate any exchange rate shock if savers flee from the local peso currency. In that scenario, Moody’s warned, authorities could even freeze peso deposits, an extreme measure which…
(Reuters) – Australian bourse operator ASX Ltd said on Thursday it would take a pretax charge of between A$245 million and A$255 million ($165 million-$172 million) in the first half as it derecognises the software aimed to develop to replace its ageing clearing and settlement system. ($1 = 1.4841 Australian dollars) (Reporting by Sameer Manekar…
