International News

Bloomberg Toyota Motor Corp unveiled several changes to its senior management as Koji Sato prepares to take over as chief executive officer, seeking to improve the carmaker’s strategy and messaging in the shift to an electric future and to take on Tesla Inc. Hiroki Nakajima becomes chief technology officer and Yoichi Miyazaki will be chief financial officer from April 1, ...

  Bloomberg Singapore will be looking to win its “fair share” of investments in semiconductor assembly and integrated circuit design, a top official said, amid a growing geopolitical divide between the US and China over trade and technology. The city-state will be focussing on the semiconductor value chain of activities, Beh Swan Gin, chairman of Singapore’s Economic Development Board, said ...

  Bloomberg China’s weekly Covid deaths in hospitals slumped to less than 1,000 as the record wave of infections that rippled through the country following the abandonment of Covid Zero abates. There were 912 fatalities linked to Covid at hospitals between February 3 and February 9, down from 3,278 a week earlier, according to a report from the Chinese Center ...

Bloomberg Renault SA and Nissan Motor Co unveiled their first joint project since announcing a revamp of their carmaking alliance last week. The pair will invest $600 million in India to expand their car lineup, add jobs and decarbonise a manufacturing plant in Chennai, the companies said in a joint statement. The initiative is a key element of the operational ...

  Bloomberg India’s inflation accelerated in January, breaching the top-end of the central bank’s target for the first time in three months and validating the concern of monetary authorities that price pressures are persistent and must be contained. The consumer price index rose 6.52% from a year earlier, according to data released by the Statistics Ministry on Monday. That compares ...

  Bloomberg Gautam Adani’s conglomerate has halved its revenue growth target and plans to hold off fresh capital expenditure, according to people familiar with the matter, as the Indian billionaire seeks to rebuild investor confidence in the wake of a bruising short seller attack. The group will now aim for revenue growth of 15% to 20% for at least the ...

Bloomberg India proposed a lower-than-expected market borrowing program, as part of a plan that sought to bridge its budget deficit by boosting reliance on the nation’s small savings pool. The decision triggered the biggest drop in the benchmark 10-year bond yields in over two months. Bonds have since pared their gains, with the budget math increasingly looking daunting as commercial ...

  Bloomberg Advanced Info Service Pcl (AIS), Thailand’s biggest telecommunications group, is considering options for its tower business including a stake sale, according to people familiar with the matter. The Bangkok-listed company has held talks with potential advisers for a strategic review for the assets, the people said, asking not to be identified because the matter is private. Another option ...

  Bloomberg The UK expects to reach a free trade deal with India and to enter the Trans-Pacific Partnership agreement in 2023, Business and Trade Secretary Kemi Badenoch said. Badenoch visited India in December in an effort to move forward with the deal, which aims to cut tariffs and open opportunities for UK services to operate in India. The UK ...

  Bloomberg Moody’s Investors Service cut its outlook for Adani Green Energy Ltd and three other companies backed by Indian tycoon Gautam Adani, citing the plunge in the conglomerate’s stock market value in the wake of criticisms in a short-seller report. Referring to factors such as concern over the impact of any big jump in funding costs, the agency lowered ...