By Maki Shiraki TOKYO (Reuters) – Toyota aims to make at least 2.5 million vehicles a year in China by 2030, three people said, an overhaul that will see it bring its Chinese sales and production operations closer together and allow local executives a freer hand in development, The plan, which has not been previously…
(Reuters) -Russian President Vladimir Putin signed into law a treaty on the country’s strategic partnership with North Korea which includes a mutual defence provision, according to a decree published on Saturday. The accord, signed by Putin and North Korean leader Kim Jong Un in June after a summit in Pyongyang, calls on each side to…
By Phil Stewart and Idrees Ali WASHINGTON (Reuters) – During his campaign for re-election, Donald Trump vowed to purge the military of so-called “woke” generals. Now that he is president-elect, the question in the halls of the Pentagon is whether he would go much further. Trump is expected to have a far darker view of…
(Reuters) -Bitcoin was trading near record $80,000 on Sunday after hitting it earlier in the session, following Donald Trump’s decisive victory in the U.S. presidential election earlier in the week. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 65.4% from the year’s low of $38,505 it hit on Jan. 23. Trump has vowed to…
AMSTERDAM (Reuters) – Billionaire Bill Ackman said on Friday he would seek to delist investment firm Pershing Square Holdings and move record label Universal Music Group away from Amsterdam, following attacks on Israeli soccer fans. In a statement on X, Ackman said Pershing Square’s board had already been considering the move and “events in Amsterdam…
(Reuters) – Computer chip equipment maker ASML had a global IT systems outage on Friday, which has been resolved, a spokesperson for the company told Reuters. “All systems are fully recovered,” the company said, adding that the cause of the outage is currently being investigated. The outage, which caused some employees to work remotely, was…
(Reuters) – Tesla’s market value breached the $1 trillion-mark in a sharp rally on Friday, on growing bets of a favorable treatment for CEO Elon Musk’s companies in return for his support for President-elect Donald Trump in his poll campaign. The electric automaker’s shares rose more than 6% to a more than two-year high of…
By Lisa Pauline Mattackal and Ankika Biswas (Reuters) -The S&P 500 briefly touched the psychologically significant 6,000 mark for the first time on Friday, building on a sharp rally after Donald Trump won a second term as U.S. president. All three major indexes surged to record highs on Nov. 6 following the election results…
(Reuters) -Qualcomm shares rose 4% on Thursday after the chip designer’s strong quarterly revenue forecast fanned investor optimism about a China-led recovery in the smartphone market. The company, the biggest supplier of smartphone chips, will add around $8 billion to its market value, if the gains hold. It forecast both first-quarter sales and adjusted profit…
(Reuters) – Global physically-backed gold exchange-traded funds (ETFs) saw inflows for the sixth straight month in October, with year-to-date flows turning positive for the first time this year, the World Gold Council (WGC) said on Thursday. Demand was supported by North American and Asian flows, the WGC added. As geopolitical tensions rise and market uncertainties…
