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Suzuki forced out of China as buyers continue to favour SUVs

New middle suzuki minicar

Bloomberg Suzuki Motor Corp., the Japanese manufacturer known for its minicars, exited China as consumers in the world’s biggest auto market shifted purchases to larger sedans and sport utility vehicles. Suzuki agreed to transfer its 50 percent stake in Changan Suzuki — its last remaining Chinese venture — to Chongqing Changan Automobile Co. as soon as legal proceedings are completed, ...

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Strongest typhoon in 25 years makes landfall in Japan

Anchor jebi

Bloomberg Typhoon Jebi swept through western Japan on Tuesday as the strongest tropical cyclone to come ashore in 25 years, causing widespread power outages and flooding the region’s main airport. One person was reported killed. The storm paralysed the country’s second-largest population center around Osaka, with companies forced to temporarily close their plants, and power cut to more than 800,000 ...

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China starts sharing income data to end global tax loopholes

Bloomberg In a move aimed at cutting tax evasion, China will start exchanging information on residents’ financial investments with about 100 other countries from this month. The information exchange will give tax officials a better view of Chinese residents’ overseas financial investments and earnings. The change is part of the Common Reporting Standard, a global agreement on sharing tax data ...

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