TOKYO — Japan’s Kawasaki Heavy Industries debuted on Wednesday the world’s first marine carrier that transports liquefied hydrogen, using technology that will vastly expand cargo capacity of the green energy source. A crowd of 4,000 people gathered at Kawasaki’s shipyard in Kobe for the naming and launch ceremony of the Suiso Frontier — a name adopting the… Continue reading World’s first liquid hydrogen carrier ship launches in Japan
Author: Nikki News Feed
India auto sales fall in November as consumers curb spending
MUMBAI (NewsRise) — Passenger vehicle sales in India declined in November after a blip in the previous month, prompting the nation’s main auto industry group to call for tax cuts to spur demand for cars and motorcycles. Sales of passenger vehicles fell 0.8% to 263,773 units last month, the Society of Indian Automobile Manufacturers, or… Continue reading India auto sales fall in November as consumers curb spending
Hong Kong shares slip ahead of tariff deadline and Fed meeting
HONG KONG (Nikkei Markets) — Hong Kong shares slipped after trading in a narrow range on Tuesday, as investors watched a slew of external risk events, including central bank policy meetings and a Sino-American tariff deadline. The Hang Seng Index edged 0.2% lower to 26,436.62 after trading in a 172-point band. Shenzhou International Group declined… Continue reading Hong Kong shares slip ahead of tariff deadline and Fed meeting
Hong Kong shares flat as investors eye trade spat and Fed meeting
HONG KONG (Nikkei Markets) — Hong Kong shares were little changed on Tuesday as investors watched a slew of external risk events, including central bank policy meetings and a Sino-American tariff deadline. The Hang Seng Index edged 0.1% lower to 26,471.58 by noon. Shenzhou International Group declined 2.9%, contributing most to the gauge’s losses by… Continue reading Hong Kong shares flat as investors eye trade spat and Fed meeting
From Disney to Big Macs, Japan’s prices are frozen in time
TOKYO — Long labeled expensive, Japan is now drawing attention for its low prices. Take Tokyo Disney, which has become a popular tourist destination in part because of its relative cheapness. One adult single-park ticket for same-day entry cost the equivalent of $69 on Oct. 31 — barely more than half the $129 price tag at Disneyland… Continue reading From Disney to Big Macs, Japan’s prices are frozen in time
Lexus to launch EV in China taking on VW and Tesla
NAGOYA — Toyota Motor is ramping up efforts to sell electric vehicles in China, the world’s largest auto market, where it plans to launch its first electric Lexus in 2020. The plan was unveiled at the Guangzhou International Automobile Exhibition in late November. China’s electric vehicle market is facing challenges after the government cut subsidies.… Continue reading Lexus to launch EV in China taking on VW and Tesla
European insurers get creative in booming China
HAMBURG, Germany — European insurers are teaming up with an unusual range of local partners, from food companies to retailers, in order to break into China’s booming insurance market that is already the world’s second biggest and is expected to triple by 2030. Ergo, part of Germany’s Munich Re Group, formed a joint venture with automaker Great Wall Motor in October… Continue reading European insurers get creative in booming China
India’s poor harvests lead to job losses at manufacturers
NEW DELHI — Freakish weather and poor harvests are taking a toll on India’s rural areas, where consumer spending earlier this year slowed so drastically that the government decided not to release the numbers. Farmers account for about half of India’s population, and their hard times are beginning to spill over into the overall economy.… Continue reading India’s poor harvests lead to job losses at manufacturers
Asian stocks rise after China manufacturing posts surprise gain
HONG KONG (Nikkei Markets) — Asian shares outside of Japan edged higher on Monday after two separate surveys showed that China’s manufacturing activity unexpectedly improved last month. The Nikkei Asia300 Index rose 0.14% to close at 1,302.61. China’s factory activity expanded in November, according to official data released over the weekend. The official November manufacturing… Continue reading Asian stocks rise after China manufacturing posts surprise gain
Nissan chief says new models, not discounts, key to revival
YOKOHAMA — Makoto Uchida, the new CEO of Nissan Motor, promised a re-invigorated alliance with Renault, an end to the short-term pursuit of profits, and an embrace of what he called his three core values of “respect, transparency and trust” as he took charge of the troubled Japanese carmaker. “The alliance with Renault is an important… Continue reading Nissan chief says new models, not discounts, key to revival