By Huw Jones LONDON (Reuters) – Stocks firmed on Thursday as investors bet that central banks meeting next week will signal a slowdown or even a pause in interest rate hikes for later in the year to make recession less likely and ease pressure on corporate earnings. Oil prices were steady after U.S. crude stocks…
TOKYO (Reuters) – Toyota Motor Corp said on Thursday that Akio Toyoda will step down as president and chief executive to become chairman from April 1, and hand over the helm of Japan’s biggest automaker to its top branding officer, Koji Sato. Sato will become the new CEO while the current chairman, Takeshi Uchiyamada, will…
TOKYO (Reuters) – Toyota Motor Corp said on Thursday its president and chief executive officer Akio Toyoda will become chairman effective April 1. Kouji Sato, chief branding officer, will become the new CEO, Toyota said. Representative director Takeshi Uchiyamada will drop his chairman title. The Japanese automaker will hold a news conference at 4 p.m….
(Reuters) -Private equity firms Accel and Tiger Global, two early backers of Indian e-commerce firm Flipkart, are in talks to sell their remaining stake in the company to parent Walmart Inc for about $1.5 billion, the Economic Times reported on Thursday. The stake, which collectively amounts to about 5%, would raise Walmart’s ownership in the…
By Ankur Banerjee SINGAPORE (Reuters) – Asian equities rose to a fresh seven-month high on Thursday, with Hong Kong shares playing catch-up to other markets’ gains as trade resumed after its three-day Lunar New Holiday. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.56% to 555.81. Hong Kong’s Hang Seng index was 1.6% higher….
By Laila Kearney (Reuters) – Oil prices were up in early Asian trade on Thursday as U.S. crude stocks rose less than expected, while a weaker dollar made oil cheaper for non-American buyers. Brent crude futures had risen 12 cents to $86.24 per barrel by 0119 GMT, while U.S. West Texas Intermediate (WTI) crude futures…
By Jihoon Lee and Choonsik Yoo SEOUL (Reuters) – South Korea’s government promised strong support for exporters after the country posted on Thursday its first economic contraction in 2/1-2 years due mainly to a crash in exports. Playing down the economic slowdown as part of a global trend, Finance Minister Choo Kyung-ho pledged prompt support…
By David Shepardson WASHINGTON (Reuters) – Two senior Biden administration officials got behind the wheel of new electric vehicles (EV) Wednesday at the Washington, D.C. auto show to urge Americans to consider buying a zero-emission model. Energy Secretary Jennifer Granholm and White House climate adviser Ali Zaidi took spins in a Ford F-150 Lightning and…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. South Korea and the Philippines’ GDP data are on the Asian data docket for investors on Thursday, as the upbeat mood that has propelled global stocks and risk assets higher this year shows signs of fading. Some gloomy…
By Herbert Lash NEW YORK (Reuters) -A gauge of global equity markets slid from five-month highs on Wednesday as poor corporate results fueled recession fears, as did the ongoing inversion of short- and long-dated Treasury yields – a harbinger of economic downturns. But main indexes on Wall Street sharply pared losses, suggesting that many believe…
