Take Five: A summit with a ceiling
(Reuters) -Right now, it’s all about deadlines, as lawmakers race to thrash out a deal on the U.S. borrowing limit,…
Asia
Ford says it will reduce costs to boost China business
SHANGHAI/BEIJING (Reuters) – Ford said on Monday it was working to reduce costs in China as it strives to recover…
Analysis-Tesla’s new car-making process stokes debate among industry experts
By Norihiko Shirouzu, Paul Lienert and Victoria Waldersee (Reuters) – Tesla Inc’s new vehicle-assembly system, which created instant buzz when…
Hong Kong Disneyland revenue jumps 31% as domestic visitors hit record
(Reuters) – Hong Kong Disneyland Resort (HKDL) said on Monday its 2022 revenue jumped 31% as the number of domestic…
Former PwC Australia CEO to retire as partner after tax documents leak scandal
By Alasdair Pal SYDNEY (Reuters) – PricewaterhouseCoopers (PwC) said the former CEO of its Australia business, who stepped down just…
China’s securities regulator, central bank cut staff pay budgets
SHANGHAI (Reuters) – China’s securities regulator and central bank cut the budget allocation for employee salaries in 2023, following reforms…
Top Chinese envoy to visit Ukraine, Russia on ‘peace’ mission
BEIJING (Reuters) -A top Chinese envoy will begin a tour of Ukraine, Russia and other European countries on Monday in…
Analysis-Consultancy firms in China tested limits before Beijing’s crackdown
By Engen Tham and James Pomfret SHANGHAI/HONG KONG (Reuters) – China’s clampdown on its consultancy and due diligence sector has…
Japan govt gives lukewarm response to new BOJ chief’s plan for policy review
By Leika Kihara TOKYO (Reuters) – The new governor of the Bank of Japan received a lukewarm response from the…
India’s WPI falls for first time in 3 years in April
NEW DELHI (Reuters) -India’s annual wholesale price index (WPI) fell for the first time in nearly three years in April,…