China’s Yadea Group Holdings , one of the world’s biggest electric two-wheeled vehicle makers, plans to invest about $1 billion in an e-motorcycle factory in the Philippines, the country’s investment promotions agency chief said on Thursday.
Japanese Prime Minister Fumio Kishida’s administration will pledge to boost childcare spending and focus on sustaining wage hikes in its mid-year economic policy roadmap, a final draft seen by Reuters showed on Thursday.
BofA Global Research now expects two more quarter percentage point interest rate hikes from the U.S. Federal Reserve this year, while JP Morgan sees one more hike in July, after the central bank signaled further raises may be needed.
India’s Reliance Industries is in talks with foreign-currency loan lenders to raise up to $2 billion to fund the ongoing expansion of its oil-to-telecom businesses, Bloomberg News reported on Thursday, citing sources.
South Africa’s logistics utility Transnet on Thursday reported a derailment on its main iron ore line, the latest in a recent spate of disruptions on its two lines used to haul bulk minerals to ports.
Siemens will spend 2 billion euros ($2.16 billion) on a new global investment plan, the German engineering and technology group said on Thursday, as it gears up to meet increased demand triggered by global stimulus packages.
The venture capital arm of automaker Stellantis said on Thursday it will invest about 100 million euros ($108.3 million) in automotive and battery technology startups and a mobility venture fund.
