By Sudarshan Varadhan and Yimou Lee NEW DELHI/TAIPEI (Reuters) – Apple supplier Foxconn plans to quadruple the workforce at its…
TuSimple names new CEO, replaces ex-boss fired after probe into ties to Chinese firm
(Reuters) – TuSimple Holdings Inc’s former chief executive Cheng Lu is returning to the role, days after the self-driving trucking…
BOJ must phase out yield cap, negative rate – govt panel member Okina
By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – The Bank of Japan (BOJ) must redefine its inflation target and…
Moody’s cuts India’s 2022 GDP growth forecast to 7%, sees 2023 growth at 4.8%
MUMBAI (Reuters) – Rating agency Moody’s cut India’s growth projections for the current and next calendar year due to higher…
Rouble firms towards 60 vs dollar amid jump in oil prices
(Reuters) – The rouble firmed to a five-week high of near 60 versus the dollar in early trade on Friday,…
Japan’s Toshiba slashes profit outlook after second-quarter slump
By Makiko Yamazaki TOKYO (Reuters) -Toshiba Corp on Friday cut its full-year operating profit outlook after a 75% slump in…
Germany to take on 45.6 billion euros in new debt in 2023
BERLIN (Reuters) – Germany will comply with its constitutional debt brake next year for the first time since 2019, even…
Land for Evergrande Shenzhen headquarters put up for auction
HONG KONG (Reuters) – A land plot in Shenzhen for building China Evergrande Group headquarters is put up for auction…
Fitch sees increasing chances of BOK scaling back to 25-bp in Nov
SEOUL (Reuters) – Chances are increasing for the Bank of Korea to scale back to a 25-basis-point rate hike in…
Inflation brings end to beloved 114-year-old Japanese candy
By Kantaro Komiya and Daniel Leussink TOKYO (Reuters) – A beloved Japanese candy eaten by generations, so iconic it even…