SILVERTON, South Africa, Jan 26 (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday lauded the Ford Motor Co’s 100-year history of assembling vehicles in South Africa and underscored Washington’s resolve to expand trade ties with countries that it “can count on,” including South Africa. Yellen spoke at Ford’s plant in Silverton, a suburb of… Continue reading Gallery
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Industry body clarifies what happens when crypto derivatives crash, article with image
LONDON, Jan 26 (Reuters) – An industry body set out a global framework on Thursday for trading derivatives linked to cryptoassets to avoid FTX-style collapses sowing confusion over ownership. The International Swaps and Derivatives Association (ISDA) published guidance for trading digital asset derivatives to clarify what happens when things go wrong in an underlying market,… Continue reading Industry body clarifies what happens when crypto derivatives crash, article with image
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TOKYO, Jan 26 (Reuters) – Koji Sato, who was named on Thursday as the future CEO of Japan’s top automaker Toyota Motor Corp (7203.T), is an engineer with a background in diesel engines who will be tasked with navigating the company’s shift to clean energy. Currently the CEO of Toyota’s luxury brand Lexus, Sato will… Continue reading Untitled
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Jan 26 (Reuters) – Akio Toyoda, president and chief executive of Japan’s Toyota Motor Corp (7203.T) for nearly 14 years, will resign from the top job in April to become chairman, handing over the reins to the company’s top branding officer. Here’s a chronology of key events and milestones in Toyota’s history under Toyoda, the… Continue reading Untitled
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TOKYO, Jan 26 (Reuters) – Toyota Motor Corp (7203.T) said on Thursday that Akio Toyoda will step down as president and chief executive to become chairman from April 1, and hand over the helm of Japan’s biggest automaker to its top branding officer, Koji Sato. Sato will become the new CEO while the current chairman,… Continue reading Untitled
Wizz Air says average fares up, bookings rise
LONDON, Jan 26 (Reuters) – Hungarian budget airline Wizz Air (WIZZ.L) said average fares for 2023 were higher than last year on booking volumes which were also ahead. The airline said its revenue more than doubled to 911.7 million euros ($994.3 million) in the three months to end-December, while passenger numbers increased 59% to 12.39… Continue reading Wizz Air says average fares up, bookings rise
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PARIS/TOKYO, Jan 26 (Reuters) – French carmaker Renault (RENA.PA) and its Japanese partner Nissan (7201.T) are closing in on an overhaul of their automaking partnership, in what could mark a sweeping reset of their two-decade alliance. The partnership, which has grown to include junior member Mitsubishi Motors (7211.T) , was founded in 1999 and long… Continue reading Untitled
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Jan 26 (Reuters) – Elon Musk has a playbook for Tesla (TSLA.O) headed into what he believes will be a “serious” recession: cut costs on everything from parts to logistics, while keeping the pressure on competitors with discounted sticker prices. In a conference call to discuss Tesla’s fourth-quarter results, Musk and other executives outlined plans… Continue reading Untitled
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Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source