Economy – Page 220

31/05/2023

Toyota, Daimler Truck merge truck manufacturing subsidiaries to boost margins

Toyota Motor Corp. and Daimler Truck have agreed to merge their truck manufacturing subsidiaries, Hino Motors Ltd. and Mitsubishi Fuso…

31/05/2023

Saudi flour milling company’s IPO pulls in $18 bln of orders

Saudi Arabia’s First Milling Co. set the price for its initial public offering at the top of the marketed range…

31/05/2023

Cash-hungry Adani utility shows funding urgency to power India

As shares of Gautam Adani’s conglomerate recover from an epic rout, the big question looming over the Indian tycoon is…

31/05/2023

Turkey sovereign dollar bonds rise as markets await Erdogan’s economic team

Turkey sovereign bonds rose more than two cents on the dollar on Tuesday as markets waited for President Recep Tayyip…

31/05/2023

Vietnam eyes multi-million-dollar handouts to Samsung in bid to offset global tax

Samsung and other foreign companies are pushing Vietnam to introduce a multi-million-dollar reform that would compensate them for higher levies they face from…

31/05/2023

BRICS Bank invites new members as Saudi Arabia looks to join

The New Development Bank, the lender created by the BRICS group of nations, will widen its membership as it seeks…

31/05/2023

Bearish oil bets slide after Saudis tell speculators to ‘watch out’

Saudi Arabia’s top energy official told short sellers to “watch out” last week. Traders of global benchmark Brent oil were…

29/05/2023

Japan’s Nikkei hits 33-year high on weak yen, US optimism

Japan’s Nikkei share average rose to its highest level since July 1990, buoyed by optimism over a US debt ceiling…

29/05/2023

Goldman cuts Israeli shekel forecasts on politics, intervention

Strategists at Goldman Sachs Group Inc. have revised their forecasts to reflect a weaker shekel on renewed concerns that Prime…

29/05/2023

Iraq boosts gold reserves by two percent in single day in gradual buildup

Iraq’s central bank boosted its gold reserves by about 2 percent in a single day last week as part of…