By Tetsushi Kajimoto TOKYO (Reuters) – Japan will stay the course to reach the central bank’s 2% inflation target by continuing monetary easing even though it may take time, Governor Kazuo Ueda said on Tuesday, signalling his stance to maintain loose conditions. Speaking at the lower house financial committee of parliament, Ueda said he saw…
By Josh Horwitz and Daniel Leussink SHANGHAI/TOKYO (Reuters) -Japan’s Nissan Motor on Tuesday unveiled a new electric sport-utility vehicle (SUV) at the Shanghai auto show as it pledged its commitment to the Chinese auto market, which it said was likely to continue to pioneer the rise of electric cars. China has long been a key…
ZURICH (Reuters) -UBS on Tuesday said it was making changes to its $6 billion share buyback programme following its takeover of Credit Suisse. UBS said it will use some of the shares for the takeover rather than cancelling them as originally planned after getting approval from the Swiss Takeover Board. Switzerland’s biggest bank agreed in…
By Humeyra Pamuk KARUIZAWA, Japan (Reuters) -A U.S. diplomatic convoy came under fire on Monday in Sudan in an apparent attack by fighters associated with Sudan’s paramilitary Rapid Support Forces (RSF), U.S. Secretary of State Antony Blinken said on Tuesday, in an incident he described as “reckless” and “irresponsible”. The incident prompted a direct warning…
WELLINGTON (Reuters) – Fiji must take urgent action to reduce a debt burden that exceeds 90% of gross domestic product or put at risk its recovery from the COVID pandemic and plans for sustainable economic development, the World Bank said on Tuesday. Debt has spiralled since 2019, as the tourism-dependent economy was hit by border…
By Khalid Abdelaziz and Nafisa Eltahir KHARTOUM (Reuters) -Sudan’s battling factions both claimed to have made gains on Monday as violence cut power and water in the capital, and the U.N. envoy to Sudan said the two sides showed no signs of being willing to negotiate. Fighting between the army and the paramilitary Rapid Support…
SHANGHAI (Reuters) -Chinese electric vehicle (EV) maker Li Auto Inc said on Tuesday it plans to expand its line-up to 11 models by 2025, up from four currently, targeting the market for vehicles priced at 200,000 yuan ($29,100) and higher. Speaking on the sidelines of the Shanghai auto show, Li Auto’s president and chief engineer…
(Correct to add percentage indicator in headline) BEIJING (Reuters) – China’s property investment fell 5.8% from a year earlier in the first three months of 2023, from a 5.7% decline in January-February, official data showed on Tuesday. Property sales by floor area declined 1.8% year-on-year in the first quarter of the year, versus a 3.6%…
By Joey Roulette WASHINGTON (Reuters) – Demand for sending satellites into space remains strong, but U.S. rocket startups are taking drastic measures to survive a tight funding environment where fears have been exacerbated by the bankruptcy of Virgin Orbit. The industry faces an interesting dichotomy. Demand has surged from launching a few satellites on small…
By Steve Scherer OTTAWA (Reuters) – Public broadcaster Canadian Broadcasting Corporation’s (CBC) Twitter account was on Monday labeled as “69% Government-funded Media” by the social media website. The Twitter label on the CBC site previously showed “70% Government-funded Media”, but Twitter owner Elon Musk said the “Canadian Broadcasting Corp said they’re “less than 70% government-funded”,…
