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Nissan sets up new business unit for African region

FILE PHOTO: The brand logo of Nissan Motor Corp. in Yokohama, south of Tokyo, Japan July 14, 2020. REUTERS/Issei Kato/File PhotoJOHANNESBURG (Reuters) – Japanese automotive group Nissan is to set up a new regional business unit for Africa as it seeks to boost manufacturing capacity and penetrate one of the world’s biggest undeveloped new car markets. The move marks a […]

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EU banking watchdog revives relief measures for COVID-hit loans

LONDON, Dec 2 (Reuters) – European Union regulators have revived guidance to allow banks to grant a new round of loan repayment holidays to coronavirus-hit customers without triggering a big surge in provisioning that would crimp the flow of credit. The European Banking Authority (EBA) said that, due to the second wave of COVID-19 infections, guidance for banks that expired […]

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China Coking Coal Surges as Covid Throttles Mongolia Border

Coking coal prices in China have soared to a four-year high after a new Covid-19 outbreak slowed border crossings from Mongolia. Trucks carrying coal across the border have fallen by about 80% since October amid efforts to control the virus as hundreds of new cases arise in Mongolia, according to analysts with Hexun Futures. The slowdown comes after China barred […]

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Walmart+ members are getting an extra perk this holiday season

Fox Business Flash top headlines for December 1 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Walmart is adding a new perk for members of its Walmart+ program as the holiday season picks up speed. Continue Reading Below The retailer is removing the $35 shipping minimum for members on Walmart.com orders starting Dec. 4. GET FOX BUSINESS […]

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UPDATE 1-Thai finance minister sees foreign visitors at 40 mln again in 2024

* Govt to discuss additional stimulus on Wednesday * Says monetary policy must support economic recovery * Economy to take 2 years to recover to pre-crisis level (Adds detail, monetary policy) BANGKOK, Dec 2 (Reuters) – Thailand’s tourism-dependent economy should receive 8 million foreign visitors next year and see a recovery to a pre-coronavirus pandemic level of 40 million visitors […]

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Asian shares bounce on hopes for U.S. stimulus, vaccine

TOKYO/NEW YORK (Reuters) – Asian shares rose on Wednesday after a strong lead from Wall Street fuelled by hopes for additional U.S. economic stimulus and a coronavirus vaccine, but trade was choppy as some investors booked profits.FILE PHOTO: Men wearing protective face masks chat in front of a screen displaying Nikkei share average and world stock indexes outside a brokerage, […]

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Philippines Adds to Global Debt Binge With Another Bond Deal

The Philippines is jumping back into strong credit markets with what would be its second dollar bond this year, as it raises funds to counter the economic impact of the pandemic. The proceeds from the benchmark-sized offering will be used for general purposes including budgetary support, according to a person familiar with the matter who’s not authorized to speak about […]

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Automakers pledge to work with Biden to reduce emissions

FILE PHOTO: Traffic backs up on the Brooklyn Queens Expressway in New York, U.S., August 2, 2018. REUTERS/Lucas JacksonWASHINGTON (Reuters) – A group representing major automakers on Tuesday vowed to work with President-elect Joe Biden on efforts to reduce vehicle emissions even as the industry remains split over whether to let California set its own emission rules. John Bozzella, who […]

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