Toyota restarts production of first electric vehicle after resolving safety issues

TOKYO, Oct 6 (Reuters) – Toyota Motor Corp said on Thursday it would restart production of its first electric vehicle, the bZ4X, after addressing potential safety issues that had halted sales of the new battery-powered model for more than three months. Japan’s biggest automaker, a latecomer to the electric vehicle market, recalled 2,700 bZ4Xs worldwide … Read more

South Korea, US fire missiles into sea to protest North Korea’s ‘reckless’ test

SEOUL, Oct 5 (Reuters) – South Korea and the U.S. military conducted rare missile drills and a U.S. super aircraft carrier repositioned east of North Korea after Pyongyang flew a missile over Japan, one of the allies’ sharpest responses since 2017 to a North Korean weapons test. . On Tuesday, nuclear-armed North Korea fired an … Read more

Banks Funding Musk’s Twitter Deal Face Heavy Losses

Oct 5 (Reuters) – Elon Musk’s U-turn on buying Twitter Inc could not have come at a worse time for the banks funding much of the $44 billion deal and they could face significant losses. As with any major acquisition, the banks would seek to sell the debt to get it off their books. But … Read more

UK tax rollback sends equities and pound rebounding

Britain abandons small part of tax plan; relieved markets The Reserve Bank of Australia surprises with a short hike high VIX; Credit Suisse shares slide to nerves below SYDNEY, Oct 4 (Reuters) – Asian stocks rebounded on Tuesday after Britain scrapped elements of a controversial tax cut plan, temporarily improving global market sentiment and rallying … Read more

North Korea fires missile over Japan, some locals warned to take cover

SEOUL/TOKYO, Oct 4 (Reuters) – North Korea fired a ballistic missile over Japan on Tuesday for the first time in five years, prompting residents to take shelter and temporarily suspend train operations in northern Japan. The South Korean Joint Chiefs of Staff (JCS) and the Japanese Coast Guard reported on the missile test, which was … Read more

Pound jumps after UK tax cut rescinded, oil climbs higher

TOKYO, Oct 3 (Reuters) – Oil surged on Monday as OPEC+ considered cutting output at its meeting later this week, while the pound appreciated after the British government announced it would would undo a controversial tax cut that had rocked UK markets. Asian stocks mostly fell over the holidays, although Japanese markets found support from … Read more

Japan spent a record nearly $20.0 billion in intervention to support the yen

Intervention drains nearly 15% of readily available funds Japan may avoid selling US Treasuries for now – analysts Impact of additional intervention could diminish – analysts TOKYO, Sept 30 (Reuters) – Japan spent a record 2.8 trillion yen ($19.7 billion) intervening in the foreign exchange market last week to prop up the yen, officials revealed … Read more

Exclusive: Brands blast Twitter for ads next to child porn accounts

Sept 28 (Reuters) – Some major advertisers, including Dyson, Mazda, Forbes and PBS Kids, have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets soliciting child pornography, the companies told Reuters. DIRECTV and Thoughtworks also told Reuters on Wednesday evening that they had suspended advertising on … Read more

US says it has agreed to partnership with Pacific islands, offering ‘big dollar’ aid

WASHINGTON, Sept 28 (Reuters) – The United States said at a summit with Pacific island leaders on Wednesday that it had agreed to a future partnership with them and hinted at the prospect of “significant aid” to a region where they hope to stem China’s growing influence. The Washington Post quoted US officials as saying … Read more

Pound slides after BoE bond buying, dollar hits 20-year high

NEW YORK/LONDON, Sept 28 (Reuters) – The pound fell against the dollar on Wednesday before paring losses after the Bank of England (BOE) said it would intervene to support the gilt market, and the The dollar index hit a new 20 Trading at a year high was volatile. The BOE said it would buy as … Read more