By Daniel Leussink TOKYO (Reuters) – Toyota will strengthen development of electric vehicle technology in China, the automaker said on Monday, as it looks to catch up with increasingly tough domestic competition in the world’s largest auto market. The move is the latest from the world’s top-selling carmaker to show a sharper pivot to electric…
HONG KONG (Reuters) – Hong Kong’s economic growth slowed in the second quarter from a year earlier, advance government data showed on Monday, with the momentum softening after a strong rebound in the preceding quarter. Total exports of goods continued to plummet as the external demand for goods remained weak, and overall investment expenditure saw…
(Reuters) – Citigroup raised its year-end target for the S&P 500 by 15% as it now sees a higher probability of a soft landing for the U.S. economy, as well as, an earnings upside. The bank sees the S&P 500 ending 2023 at 4,600 points, a 0.4% uptick from Friday’s closing of 4,582.23. For 2024,…
BEIJING (Reuters) – Shares in Haidilao International Holding soared 16% on Monday after China’s largest hotpot chain said it expected to report a 30-fold jump in first-half profit with diners returning to restaurants after the country lifted its strict COVID curbs. The company, which is set to report results next month, said on Sunday it…
By Makiko Yamazaki and Anton Bridge TOKYO (Reuters) -Two of Japan’s megabanks reported solid quarterly profits on Monday amid hopes the Bank of Japan’s (BOJ) nudge towards policy normalisation will herald a sea change in their business after years of being squeezed by rock-bottom interest rates. The central bank’s relaxation of its cap on bond…
PAPHOS, Cyprus (Reuters) – A Briton found guilty of killing his terminally ill wife in Cyprus walked free on Monday after in effect being sentenced to time already served, in what may prove to be a test case for a country that does not permit assisted dying. Retired miner David Hunter, 76, had been cleared…
By Andrew Hay ISLETA PUEBLO, N.M. (Reuters) – As Detective Kathleen Lucero drives along a dirt road towards the Manzano mountains east of her New Mexico Native American village, she recalls the time earlier in her career when an elder told his family he was heading this way to water his cows. He didn’t come…
By Joseph Ax (Reuters) -A federal judge has thrown out Donald Trump’s $475 million defamation lawsuit against CNN, in which the former president claimed the network’s description of his election fraud as the “big lie” associated him with Adolf Hitler. In a ruling late on Friday night, U.S. Judge Raag Singhal, who was nominated by…
By Kirsty Needham SYDNEY (Reuters) -U.S. Coast Guard officers patrolling Papua New Guinea (PNG) waters will have authority to board foreign vessels suspected of illegal activity in its economic zone without a PNG officer on board, under an agreement giving the force more powers, it said. The U.S. Coast Guard is getting the broader role…
BANGKOK (Reuters) -Thailand’s economic recovery remained on track in June as the tourism sector expanded on higher foreign tourist arrivals while exports declined, the central bank said on Monday. Economic activity was seen gradually improving, driven by tourism, as exports were not expected to improve until late in the year, said Chayawadee Chai-Anant, an assistant…
