By Yantoultra Ngui and Phuong Nguyen SINGAPORE/HANOI (Reuters) – Vietnamese conglomerate Truong Hai Group, founded by tycoon Tran Ba Duong, is considering bringing in an investor into its automobiles arm Thaco Auto in a deal that could value the unit at around $5 billion, two people familiar with the matter said. Truong Hai Group is…
By Takaya Yamaguchi and Tetsushi Kajimoto TOKYO (Reuters) -Japan’s top currency officials on Wednesday ramped up a warning against the yen’s current weakness, saying the authorities would respond appropriately if moves become excessive, repeating similar comments by the finance minister on Tuesday. Finance Minister Shunichi Suzuki said one-sided movements were seen in the yen’s slide,…
TOKYO (Reuters) – Nissan Motor Co has decided to not fill in the chief operating officer position vacated by Ashwani Gupta under a new management structure, the Japanese automaker said on Wednesday. Responsibilities previously carried out by the operations chief will be taken over by other executives, it said. Hideyuki Sakamoto, executive vice president in…
SHANGHAI (Reuters) – Tesla is set to hit another record quarter with its China sales while it faces mounting pressure from local competitors such as BYD eating into its share in the world’s largest auto market, analysts say. The U.S. automaker could sell 155,000 cars in China during April to June, an increase of 13%…
A look at the day ahead in European and global markets from Wayne Cole. The People’s Bank of China seems to like being enigmatic, throwing the market a curve ball as it fixed the yuan weaker against the dollar than many expected. Dealers had thought the firmer fix on Tuesday meant Beijing was signalling it…
By Enrique Garcia GUATEMALA CITY (Reuters) -An anti-corruption presidential candidate in Guatemala, whose surprise showing in a first-round election on Sunday means he will contest a runoff vote in August, said on Tuesday he would pursue closer relations with China if he wins. “We need to work on our trade relations and expand them in…
(Reuters) – Small pickups fell short of the standards expected in protecting the passengers on the rear seat of the vehicle, tests conducted by Insurance Institute for Highway Safety (IIHS) showed. In the crash test conducted, the passenger dummy on the rear seat came dangerously close to the front seat back, recording a risk of…
BRISBANE (Reuters) – NASA is looking to develop resources on the moon that initially include oxygen and water, and eventually may expand to iron and rare earths, and has already taken steps toward excavating moon soil in 2032, a scientist said on Wednesday. The U.S. space agency plans to return Americans to the moon as…
SEOUL (Reuters) – South Korea on Wednesday announced new sanctions on two individuals and two entities over their alleged involvement in North Korea’s weapons programmes, Seoul’s foreign ministry said. The sanctions target Choi Chon Gon, a former South Korean national who acquired Russian citizenship, two companies Choi owns and a North Korean who supported Choi,…
By Stella Qiu SYDNEY (Reuters) – Australia’s consumer inflation slowed to a 13-month low in May, driven by a sharp pullback in fuel, while a measure of core inflation also cooled in a sign interest rates might not have to rise again in July. Data from the Australian Bureau of Statistics on Wednesday showed its…
