By Summer Zhen HONG KONG (Reuters) – As Japan’s stock market roars to multi-decade highs, large investors with long memories say they are staying out, wary of sagging momentum and the prospect the central bank will unwind its massive monetary stimulus. Riding a wave of buybacks and strong corporate earnings, and pumped up by a…
TOKYO (Reuters) -Japan’s Panasonic Holdings Corp aims to ramp up production of battery cells used in electric vehicles by building at least two new factories in North America, it said on Thursday. The company, whose energy unit makes batteries for Tesla Inc, seeks to boost its auto battery capacity to 200 gigawatt hours per year…
By Aditi Shah, Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) -Tesla Inc has held discussions with officials about incentives being offered by India for car and battery manufacturing, said a person with direct knowledge of the talks, as the automaker looks anew at entering the Indian market. The U.S. electric car maker has proposed…
(Reuters) -Shopping mall operator Regency Centers Corp said on Thursday it has agreed to buy Urstadt Biddle Properties Inc in an all-stock deal valued at about $1.4 billion, including the assumption of debt and preferred stock. The move will help Regency expand its footprint in grocery-anchored shopping centers in suburban trade areas in the United…
(Refiles to fix author reporting credit) By Nelson Bocanegra BOGOTA (Reuters) -Mexican used-car platform Kavak has opened a vehicle reconditioning plant in Colombia, which it hopes will help capture at least 5% of the country’s used car market, country manager Luis Eduardo Lopez said on Wednesday. The 16,900-square-meter (20,200 square yard) plant has a capacity…
By Gleb Garanich KYIV (Reuters) – Ukraine shot down 29 of 30 missiles launched by Russia in overnight air strikes but one person was killed in an attack on the southern city of Odesa, the Ukrainian military said on Thursday. Black smoke filled the sky over Kyiv during the ninth attack on the capital this…
SAMARKAND, Uzbekistan (Reuters) -At a meeting in Russia’s former Central Asian backyard, the European Bank for Reconstruction and Development on Thursday pledged further support for war-torn Ukraine with plans to increase its capital by 3 billion-5 billion euros. The emerging markets lender has already earmarked 3 billion euros for Ukraine – which is fighting off…
By Kirsty Needham SYDNEY (Reuters) – U.S. President Joe Biden telephoned his Papua New Guinea counterpart James Marape on Thursday after cancelling a historic meeting in the Pacific islands nation to tell him Secretary of State Antony Blinken would travel in his place, the two leaders said. Pacific island leaders will meet Indian Prime Minister…
By Ruma Paul and Sudarshan Varadhan DHAKA (Reuters) – Apparel makers in Bangladesh are considering rare bulk exports by air to Europe and the United States, as they race to meet deadlines and avoid cancellations after a cyclone delayed shipments, caused power cuts and disrupted production. The crunch could disrupt summer clothes supplies for retailers…
By Elizabeth Piper KHERSON, Ukraine (Reuters) – Valentyna Haras says she isn’t a traitor. Nonetheless, her garden walls in the Ukrainian city of Kherson are covered with graffiti marking her out as a Russian collaborator. “Rashist” – a Ukrainian blend of Russian fascist – is scrawled in red paint. Accusatory “Z”s – symbols of support…
