BEIJING (Reuters) – Toyota and partner Pony.ai are planning to mass produce robotaxis in China, setting up a venture this year which will build cars that employ the startup’s autonomous driving technology and ride-hailing services. The two companies and GAC-Toyota, a venture between the Japanese automaker and Chinese state-owned Guangzhou Automobile Group, will invest more…
A look at the day ahead in U.S. and global markets by Yoruk Bahceli. U.S. markets are reeling this week from surging funding needs, the loss of the government’s prized triple-A credit rating and a still-hot labour market. Friday’s crucial jobs data will provide another hurdle. Longer-dated U.S. Treasuries have taken a beating this week,…
By Winni Zhou and Rae Wee SHANGHAI/SINGAPORE (Reuters) -China’s consumers and companies are tying up trillions of yuan in longer-dated deposits with banks, effectively taking a vast pool of money out of circulation and risking the kind of liquidity trap that hobbled Japan’s economy in the 1990s. Latest official data shows financial institutions issued 5.5…
By Boureima Balima, Abdel-Kader Mazou and Bate Felix NIAMEY/ABUJA (Reuters) -Niger’s junta revoked a raft of military cooperation agreements with France on Thursday – a decision that could drastically reshape a fight against Islamist insurgents in the region after the ouster of President Mohamed Bazoum last week. Like recent coups in neighbouring Burkina Faso and…
By Joe Cash BEIJING (Reuters) – Liquidity in China’s banking system would be kept reasonably ample, an official said during a press conference by the state planner on Friday that left investors dismayed by slow roll out of support for an economy that has lost its post-pandemic bounce. Anticipation was riding high for some positive…
HONG KONG (Reuters) – A new home launch this week by Hong Kong property developer CK Asset at the lowest prices in seven years has shocked the market and could intensify a price war in the financial hub, realtors said. Home prices in one of the world’s most expensive property markets have retreated again since…
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – The Bank of Japan’s latest policy shift would not have a major impact on Japanese banks unless there are sudden spikes in domestic bond yields, the new head of Japan’s financial regulator told Reuters on Friday. The central bank’s relaxation of its cap on bond yields…
SYDNEY (Reuters) – A U.S. Navy nuclear submarine arrived in Western Australia on Friday as allies Canberra and Washington deepen defence ties and prepare to transfer nuclear submarine capability to Australia. The U.S. Navy Virginia-class submarine arrived at HMAS Stirling for a scheduled port visit as part of a patrol of the Indo-Pacific, officials said….
PARIS (Reuters) -Airbus deliveries rose 11% in the first seven months of the year to 381 airplanes, the European planemaker said on Friday. For July, deliveries stood at 65 aircraft, it said in a monthly commercial update, confirming a Reuters report. After a slow start to the year, deliveries have picked up in pace since…
By Leika Kihara TOKYO (Reuters) – Japan’s economy likely grew an annualised 3.1% in April-June to mark a third straight quarter of expansion, according to a Reuters poll, helped by resilience in exports despite slowing global demand. The increase would follow an annualised 2.7% in the first quarter. On a quarter-on-quarter basis, the economy probably…
