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…
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 Anthony Deutsch THE HAGUE (Reuters) – Eastern European NATO countries on Tuesday warned that a move of Wagner’s Russian mercenary troops to Belarus would create greater regional instability, but NATO Secretary General Jens Stoltenberg said the alliance is ready to defend itself against any threat. “If Wagner deploys its serial killers in Belarus, all neighbouring countries…
(Reuters) -Alphabet-owned Google on Tuesday said it is cutting jobs at mapping app Waze as it merges the app’s advertising system with Google Ads technology, without giving details on the number of layoffs. “In order to create a better, more seamless long-term experience for Waze advertisers, we’ve begun transitioning Waze’s existing advertising system to Google…
LONDON (Reuters) – British shop price inflation slowed this month, offering a bit of respite for households hit by a surge in the cost of living and higher borrowing costs, a survey showed on Tuesday. The British Retail Consortium said prices in supermarkets and retail chains rose by 8.4% in June compared with the same…
