Germany’s Thyssenkrupp, Japan’s NSK Mull Automotive JV
BERLIN (Reuters) – Thyssenkrupp and Japan’s NSK are considering forming an automotive joint venture, the German conglomerate said on Thursday,…
Headlines
Asian shares bounce back, shrugging off inflation concerns
Asian shares bounced back Friday from losses earlier in the week, shrugging off data showing U.S. wholesale prices soared 11%…
SoftBank Posts $13 Billion FY Net Loss
By Sam Nussey TOKYO (Reuters) – SoftBank Group Corp reported on Thursday a net loss of 1.7 trillion yen ($13.12…
Philippine Economy In Solid Shape As Marcos Set To Take The Helm
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) -Newly-elected Philippine President Ferdinand Marcos Jr. will inherit an economy…
China fights economic slump, sticks to costly ‘zero COVID’
BEIJING (AP) — China’s leaders are struggling to reverse an economic slump without giving up anti-virus tactics that shut down…
Bitcoin Resumes Tumble, Drops Around 2%
HONG KONG (Reuters) – Bitcoin resumed its slide on Thursday, continuing to fall alongside risk assets such as tech stocks,…
Toyota Rolls Out First Battery Electric Car In Cautious Debut As Rivals Go Full-throttle
By Satoshi Sugiyama and Maki Shiraki TOKYO (Reuters) – Toyota Motor Corp rolls out its first mass-produced battery electric car…
Oil Slips More Than 1%, Dogged By Recession Fears
By Florence Tan (Reuters) -Oil prices dropped more than 1% on Thursday in a volatile week as economic concerns and…
Shares Drop As Stubborn U.S. Inflation Stokes Worries On Rates, Economy
By Tom Westbrook SINGAPORE (Reuters) – Stocks fell and the dollar held firm on Thursday as data showed U.S. inflation…
Exclusive-Facebook-owner Meta Tells Hardware Staffers To Prepare For Cutbacks
By Katie Paul (Reuters) -Facebook-owner Meta Platforms Inc is preparing cutbacks in its Reality Labs division, a unit at the…