By Phuong Nguyen HANOI (Reuters) -Vietnamese electric vehicle (EV) maker VinFast on Saturday named its founder and biggest financial backer, Pham Nhat Vuong, as chief executive as it plans an ambitious overseas expansion and ramps up sales via dealerships. Vuong, 55, replaces Le Thi Thu Thuy, who had held the post since late 2021, VinFast …
Vietnam EV maker VinFast names founder as CEO, replaces CFO Read More »
SEOUL (Reuters) – The United States is unlikely to cut back its forces in South Korea even if former U.S. president Donald Trump wins re-election, the South’s minister tasked with matters related to neighbouring North Korea said in a television interview. In the interview transmitted on Saturday, Unification Minister Kim Yung Ho told broadcaster KBS …
S.Korean minister says U.S. troops likely to stay even if Trump is re-elected Read More »
SEOUL (Reuters) – North Korean leader Kim Jong Un sent messages of sympathy to the leaders of Iran and Japan on Saturday, state media said, after the countries were hit with deadly bombings and earthquake respectively this week. Two bomb blasts in Iran claimed by Islamic State killed nearly 100 people on Wednesday, while the …
North Korea’s Kim Jong Un sends sympathy messages to Iran, Japan -KCNA Read More »
By Aditya Kalra NEW DELHI (Reuters) – India’s antitrust body is investigating domestic units of global delivery companies, such as Germany’s DHL, U.S.-based United Parcel Service and FedEx, for alleged collusion on discounts and tariffs, documents seen by Reuters showed. It is the latest such scrutiny for the logistics industry, some dating back to 2015, …
Exclusive-India probes DHL, FedEx, UPS for alleged antitrust practices, price collusion Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar was little changed on Friday after a rally in response to mixed data that suggested the world’s largest economy showed pockets of weakness but remained resilient overall. The dollar index was flat at 102.43 in afternoon trading after hitting 103.10 in wake of the stronger-than-expected U.S. jobs …
Dollar flat after mixed US data, on pace for best weekly gain since July Read More »
By Anjana Anil and Deep Kaushik Vakil (Reuters) – Gold held steady on Friday after swinging up and down a percentage point on mixed U.S. economic data, but bullion eyed its first weekly decline in four weeks on an overall stronger dollar and higher Treasury yields. Spot gold rose 0.1% to $2,044.21 per ounce by …
Gold set for weekly decline as dollar, yields climb Read More »
By Manoj Kumar NEW DELHI (Reuters) -India forecast annual growth of 7.3% in the fiscal year ending in March, the highest rate of any of the major global economies, providing a boost for Prime Minister Narendra Modi ahead of the national elections scheduled to be held before May. “These are early projections for 2023/24,” the …
India forecasts 7.3% 2023/24 economic growth, boosting Modi’s election chances Read More »
BEIJING (Reuters) -Tesla is doing an effective recall on 1.62 million vehicles, including its models S, X, 3 and Y in China, the market regulator said on Friday. The recalls in Tesla’s second largest market follow two recalls by the automaker in the United States in December. Tesla can remotely upgrade the vehicles to fix …
Tesla to fix 1.62 million vehicles in China – regulator Read More »
(Reuters) – Insured losses from the devastating earthquake in Japan could reach $6.4 billion, according to an estimate from U.S.-based catastrophe modeling firm Karen Clark & Co (KCC). Losses from residential properties account for more than two thirds of the total, according to KCC, as most commercial and industrial buildings in the affected cities are …
Japan earthquake estimated to cost insurers $6.4 billion – report Read More »
(Reuters) – China has launched an anti-dumping investigation on brandy imported from the European Union, a step that appears to be mainly targeted at France. Below are some facts about China’s brandy imports and European companies exposed to the market. CHINA’S TASTE FOR BRANDY China imported $1.57 billion worth of spirits from distilled grape wine …
Factbox-Spirits makers exposed to China’s EU brandy probe Read More »
