HANOI (Reuters) – Chinese automaker BYD Co. plans to expand into electric vehicles manufacturing and assembly in Vietnam, according to a Vietnamese government statement citing the company’s chair. Reuters in January exclusively reported that the Xian-based EV maker had plans to open a plant in Vietnam to produce car parts, with the aim to export…
By Birsen Altayli and Ezgi Erkoyun ISTANBUL (Reuters) – Turkish university student Yunus Efe has known only one leader of his country – Tayyip Erdogan. As he prepares to vote for the first time in elections this month, the 22-year-old says it is time for change. Efe is one of more than 6 million first-time…
BERLIN (Reuters) – Investor morale in the euro zone took a surprising dip in May, with stubborn inflation and energy concerns upending expectations of a spring recovery, a survey showed on Monday. Sentix’s index for the euro zone fell to -13.1 points for May from -8.7 in April. Analysts polled by Reuters had expected it…
SINGAPORE (Reuters) -Cryptocurrency exchange Binance halted bitcoin withdrawals for several hours on Monday, citing heavy volumes and a surge in processing fees, before clearing them at a higher cost. Late on Sunday and again early on Monday the world’s biggest crypto exchange shut bitcoin withdrawals saying there was a glut of pending transactions because it…
By Maria Martinez BERLIN (Reuters) -German industrial production fell more than expected in March, partly due to a weak performance by the automotive sector, spurring again recession fears in Europe’s largest economy. Production decreased by 3.4% on the previous month following a slightly revised increase of 2.1% in February, the federal statistical office said on…
By Laurie Chen BEIJING (Reuters) – China’s hawkish state media tabloid, the Global Times, criticised on Monday a letter of protest by South Korea’s embassy in Beijing, the latest public spat amid worsening ties between the Asian neighbours. South Korea’s recent diplomatic push towards Japan and the U.S. would “induce and aggravate the … collapse…
By Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy’s Treasury is open to reducing its 64% stake in Monte dei Paschi di Siena (MPS) through one or more share sales on the market, three people briefed on the matter told Reuters. Such an option, however, would only be considered if financially advantageous and as long…
BANGKOK (Reuters) – Thailand’s election commission came under scrutiny on Monday after what a monitoring group said were widespread complaints in early voting, fuelling concern on social media about the competence of a body appointed under military rule. The People’s Network to Monitor Elections, an alliance of non-governmental organisations, said it received about 300 complaints…
BANGKOK (Reuters) – Japanese carmaker Toyota Motor Corp has stopped sales of its Yaris ATIV but the vehicle is safe, and the company urges all parties involved to cooperate on inspections and investigations, senior officials said on Monday. Speaking at a press conference in Bangkok, Toyota’s CEO for Asia, Masahiko Maeda, CEO Asia Region, said…
By Angie Teo, Chayut Setboonsarng and Devjyot Ghoshal BANGKOK (Reuters) -Shanghai resident Daniel Bian drank in the sweeping views over the Thai capital as he lay on a deckchair beside a swimming pool on the 19th floor of a luxury condominium. “I feel alive. I feel free,” said an excited Bian, dapper in tinted sunglasses,…
