Business
Investors eye Fed rate cut, earnings as key to sustaining market rally
By David Randall NEW YORK (Reuters) - After a stellar start to the year for stocks, investors are on guard for potential bumps in the second quarter as they gauge whether the Federal Reserve delivers on an expected interest rate cut by June and ...
US probes Stellantis 2022 RAM truck models over K1 snap ring transmission failures
(Reuters) - The U.S. Office of Defect Investigations (ODI) has opened a preliminary evaluation of a failure of the K1 snap ring in Chrysler-parent Stellantis' year 2022 RAM 3500, 4500, and 5500 trucks, the National Highway Traffic Safety ...
China's red carpet draws CEOs but few expect their money to follow
By Joe Cash BEIJING (Reuters) - China's government devoted the week to a red carpet welcome for foreign executives to try to halt a retreat in corporate investment from a market once seen as the engine of global growth. But many executives leave ...
Panasonic to sell entire stake in autos business to Apollo Global-managed funds
TOKYO (Reuters) -Japan's Panasonic Holdings said on Friday it will sell its entire stake in Panasonic Automotive Systems (PAS) to funds managed by U.S. private equity firm Apollo Global Management. The transaction has a total enterprise value of 311 ...
Old Xi Jinping speech sparks China monetary easing speculation
By Ryan Woo BEIJING (Reuters) - A sentence from a months-old speech by Chinese President Xi Jinping has sparked speculation the central bank might start aggressively buying government bonds to support the economy, a stimulus measure China has ...
Japan's Nikkei posts biggest point gain for fiscal year
TOKYO (Reuters) - Japan's Nikkei share average ended higher on Friday, driven by chip-related heavyweights, and posted a record fiscal-year gain in terms of points amid heavy foreign buying. The index hit successive record highs this month, after ...
China's Huawei continues rebound with strongest earnings growth since 2019
By David Kirton SHENZHEN, China (Reuters) - China's Huawei Technologies saw its fastest growth in four years in 2023, with a rebound in its consumer segment and income from new businesses like smart car components accelerating its recovery from ...
Thai economy expands slowly in February, helped by tourism, central bank says
BANGKOK (Reuters) - Thailand's economy expanded slowly in February with growth in the service sector and an increase in tourist arrivals offseting a fall in exports from the previous month, the Bank of Thailand (BOT) said on Friday. Thailand ...
Mazda and Panasonic's energy unit sign auto battery supply agreement
TOKYO (Reuters) - Japanese automaker Mazda Motor and the energy unit of Panasonic Holdings said on Friday they have signed an automotive battery supply agreement. The deal comes out of talks about a battery supply partnership for electric ...
Japan flags 'speculative' yen moves, signals chance of intervention
TOKYO (Reuters) - Japanese Finance Minister Shunichi Suzuki said on Friday there were "speculative" moves behind recent yen declines, suggesting authorities remained on stand-by to intervene in the market to address any excessive falls in the ...