TOKYO (Reuters) – China should take steps to soften the economic impact of COVID-19 and boost annual economic growth back above 5%, a top central bank official said on Sunday. Wang Yiming, a member of the Monetary Policy Committee of the People’s Bank of China, told an economic forum the effective management of macroeconomic policies…
TOKYO (Reuters) – China should take steps to soften the economic impact of COVID-19 and boost annual economic growth back above 5%, a top central bank official said on Sunday. Wang Yiming, a member of the Monetary Policy Committee of the People’s Bank of China, told an economic forum the effective management of macroeconomic policies…
OSLO (Reuters) -Norway’s $1.3 trillion wealth fund will vote next week to support top management at German drug and farm products maker Bayer AG, but will vote against the remuneration package of CEO Werner Baumann, it said on Sunday. Shareholders will vote on April 29 at Bayer’s annual general meeting on whether or not to…
By Aditi Shah NEW DELHI (Reuters) – Softbank-backed Ola Electric said on Sunday it will recall 1,441 of its electric scooters, weeks after one of its vehicles caught fire, prompting a government probe into the incident. Scooters involving Indian start-ups Okinawa and PureEV have also been involved in fires, in what some say could be…
ZURICH (Reuters) – Loss-making Credit Suisse could shake up senior management as new Chairman Axel Lehmann seeks to put the embattled Swiss bank back on stable ground, Swiss Sunday newspaper NZZ am Sonntag reported. Citing unnamed sources, the paper said Chief Legal Officer Romeo Cerutti, finance chief David Mathers, and Asia-Pacific regional boss Helman Sitohang…
BEIJING (Reuters) – Self-driving tech company Pony.ai, backed by Toyota Motor Corp, said on Sunday it has obtained a taxi license in China, which will allow some of its driverless vehicles to start charging fares. The company said it was the first autonomous driving company in the country to do so. The startup said it…
By Maria Caspani and Dawn Chmielewski (Reuters) – Florida Governor Ron DeSantis on Friday signed a bill that strips Walt Disney Co of self-governing authority at its Orlando-area parks in retaliation for its opposition to a new law that limits the teaching of LGBTQ issues in schools. The Republican-controlled legislature on Thursday approved the bill,…
TOKYO (Reuters) – A senior Japanese finance ministry official on Saturday denied a media report that Japan and the United States discussed coordinated currency intervention to stem further yen falls at a bilateral finance leaders’ meeting. Broadcaster TBS on Friday said Finance Minister Shunichi Suzuki and U.S. Treasury Secretary Janet Yellen discussed the idea of…
By Daina Beth Solomon MEXICO CITY (Reuters) – Workers at a Panasonic auto parts plant in northern Mexico elected an independent union this week, marking another defeat for one of the country’s biggest labor organizations as Mexico seeks to strengthen worker rights in line with a new trade deal. Union SNITIS, which grew out of…
By Aditya Kalra and Swati Bhat MUMBAI (Reuters) -India’s top retailer Reliance on Saturday called off its $3.4 billion deal with Future Group, saying it “cannot be implemented” after Future’s secured creditors rejected it. The deal was at the centre of legal battles since 2020 after Future’s partner Amazon.com Inc legally blocked it, citing violation…
