Showing 51 - 60 of 2,142
Toyota forecasts 10% rise in annual profit, robust EV sales
Business, Published on 11/05/2023
» TOKYO: Toyota Motor Corp on Wednesday said it expects operating profit to climb 10% this business year, with a five-fold jump in pure electric vehicle (EV) sales amid an easing in global supply chain disruption from a shortage of chips.
US inflation down only marginally
AFP, Published on 10/05/2023
» WASHINGTON: Consumer inflation in the United States nudged down only slightly in April, the Labor Department said on Wednesday, despite strong efforts to cool the economy and rein in price increases.
iPhone maker Foxconn buys huge site in India
AFP, Published on 09/05/2023
» BENGALURU, India: Taiwanese electronics giant Foxconn has bought a huge tract of land on the outskirts of Indian tech hub Bengaluru, the key Apple supplier said in a filing Tuesday as it looks to diversify production away from China.
Recovery unabated amid uncertainty
Business, Published on 09/05/2023
» Asia and the Pacific remains a dynamic region despite the challenging year for the world economy.
Bankers' pay is booming in Saudi Arabia
Business, Published on 08/05/2023
» DUBAI: Even as the global financial community contends with layoffs and lower bonuses, banking jobs remain plentiful and salaries are surging in one unexpected corner of the world: Saudi Arabia.
Global gas markets will remain tight in 2023 – IEA
Business, Published on 05/05/2023
» LONDON: Global gas markets are gradually rebalancing but are expected to remain tight in 2023 amid lower Russian pipeline gas deliveries to Europe, the International Energy Agency (IEA) said on Thursday.
Biden likely to veto renewal of tariffs on Asean solar panels
Published on 04/05/2023
» WASHINGTON: The US Senate on Wednesday voted to repeal President Joe Biden’s suspension of tariffs on solar panels from four Southeast Asian countries including Thailand, a measure aimed at supporting the small domestic manufacturing industry.
Fresh rout of US regional banks despite First Republic deal
AFP, Published on 03/05/2023
» NEW YORK: Shares of United States regional banks suffered deep losses on Wall Street Tuesday, dashing hopes that the resolution of First Republic's woes would end the crisis.
'Worst is over', Citi official says as bank looks to increase staff in Hong Kong
South China Morning Post, Published on 02/05/2023
» Citigroup, the biggest foreign lender in Hong Kong, will increase staff at its commercial banking unit in the city by 100 to tap growing opportunities in the Greater Bay Area, according to a senior executive.
North Asia’s factories stuck in decline
Bloomberg News, Published on 02/05/2023
» JAKARTA: North Asia’s export powerhouses continued to stutter in April amid sluggish global trade and a patchy economic recovery in China, according to new data that amplified concerns about the risk of a global recession.