TOKYO (Reuters) – Toyota Motor Corp boosted global vehicle production by 9% in January, it said on Monday, marking its first increase in three months but still coming short of its plan due to COVID-19-related parts shortages. Toyota, the world’s largest automaker by volume, said it produced 689,090 vehicles globally in January, an 8.8% increase…
TOKYO (Reuters) -Nissan Motor Co Ltd on Monday raised its electrified car sales goals and said it will increase power train production in the United States, as it looks to catch up in a segment dominated by newer automakers such as Tesla Inc. The Japanese automaker was a pioneer in electric vehicles (EVs) with its…
By Wayne Cole SYDNEY (Reuters) – Asian shares slipped on Monday as markets were forced to price in ever-loftier peaks for U.S. and European interest rates, slugging bonds globally and underpinning the dollar near multi-week highs. Investors are braced for more challenging U.S. data including the closely-watched ISM measures of manufacturing and services, the latter…
By Sudarshan Varadhan SINGAPORE (Reuters) – Oil was little changed in early trade on Monday, as Russia’s plans to deepen oil supply cuts continued to support prices, while increasing global inflation risks and rising crude inventories in the United States weighed. West Texas Intermediate U.S. crude futures (WTI) was trading at $76.36 a barrel, 4…
By Wayne Cole SYDNEY (Reuters) – Asian shares slipped on Monday as markets were forced to price in ever-loftier peaks for U.S. and European interest rates, slugging bonds globally and pushing the dollar to multi-week highs. Investors are braced for more challenging U.S. data including the closely-watched ISM measures of manufacturing and services, the latter…
By Supantha Mukherjee and Martin Coulter BARCELONA (Reuters) – Microsoft has unveiled previews of two AI-powered services designed to manage telecom networks, drawing on the same capabilities used to manage the tech giant’s Azure cloud platform. Operators can benefit from advanced artificial intelligence that helps to unlock new business opportunities from data on and insights…
(Reuters) -U.S. railroad Union Pacific on Sunday said it expects to name a successor to assume the position of chief executive officer replacing Lance Fritz in 2023. “Union Pacific has been my home for 22 years and I am confident that now is the right time for Union Pacific’s next leader to take the helm….
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A wave of selling is likely to crash over Asian markets on Monday following a sobering end to the week on Wall Street, as the reality of ‘higher for longer’ U.S. interest rates finally dawns on investors. Consumer…
(Reuters) – Russian online bank Tinkoff, run by TCS Group Holding, said on Sunday it would suspend trading in euros from Monday following the imposition of a further set of European Union sanctions. The EU agreed a 10th round of punitive measures late on Friday to punish Russia for invading Ukraine. The package includes cutting…
By Supantha Mukherjee BARCELONA (Reuters) – Nokia announced plans on Sunday to change its brand identity for the first time in nearly 60 years, complete with a new logo, as the telecom equipment maker focuses on aggressive growth. The new logo comprises five different shapes forming the word NOKIA. The iconic blue color of the…
