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Toyota cuts output target amid chip crunch as profit tumbles 25%

Toyota cuts output target amid chip crunch as profit tumbles 25%

Q2 profit 562.7 billion yen vs. 772.2 billion yen forecast Cuts FY production target to 9.2 million units from 9.7 million Unclear when the chip shortage will end – executive Results ‘very unimpressive’ considering positive factors -analyst Shares end down 1.9%, Nikkei benchmark up 0.3% TOKYO, Nov 1 (Reuters) – Toyota Motor Corp (7203.T) on …

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Exclusive: Toyota scrambles for EV reboot with eye on Tesla

Exclusive: Toyota scrambles for EV reboot with eye on Tesla

Oct 24 (Reuters) – Toyota (7203.T) is considering a reboot of its electric-car strategy to better compete in a booming market it has been slow to enter, and has halted some work on existing EV projects, four people with knowledge of the still-developing plans said. The proposals under review, if adopted, would amount to a …

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Japan's suspected FX intervention fails to stem yen slide

Japan’s suspected FX intervention fails to stem yen slide

Yen volatile as Tokyo suspected of intervention for 2nd day FX officials remain tight-lipped on intervention Policymakers keep up warning vs excess FX volatility BOJ Kuroda repeats the need to keep ultra-low rates TOKYO, Oct 24 (Reuters) – Japanese policymakers on Monday continued efforts to tame sharp yen falls, including through two straight market days …

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Dollar absorbs suspected yen intervention, China data mixed

Dollar absorbs suspected yen intervention, China data mixed

https://tmsnrt.rs/2zpUAr4 Dollar buffeted vs yen by suspected BOJ intervention Shares pare early gains as China markets ease China GDP beats forecasts but retail sales disappoint Stg flat as Boris Johnson bows out of PM race SYDNEY, Oct 24 (Reuters) – The US dollar weathered another suspected blast of Japanese intervention to push higher on the …

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Japan's inflation hits 8-year high in test of BOJ's dovish policy

Japan’s inflation hits 8-year high in test of BOJ’s dovish policy

Seven core CPI rises 3.0% yr/yr, matches forecast Core consumer inflation remains above the BOJ goal for the 6th month Data underscores widening inflationary pressure BOJ seen keeping ultra-low interest rates on fragile economy TOKYO, Oct 21 (Reuters) – Japan’s core consumer inflation rate accelerated to a fresh eight-year high of 3.0% in September, challenging …

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Asia shares ease, major test looms for UK bonds

Asia shares ease, major test looms for UK bonds

https://tmsnrt.rs/2zpUAr4 Nikkei down 1.4%, S&P 500 edges up after slide Focus on gilts as BoE ends buying, Truss future in doubt Dollar near 149 yen, market wary of intervention SYDNEY, Oct 17 (Reuters) – Asian share markets slipped on Monday following another drubbing for Wall Street as investors braced for a further drastic tightening in …

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Stocks ease as Ukraine attacks and rate outlook spark flight to havens

Stocks ease as Ukraine attacks and rate outlook spark flight to havens

MSCI global index drops for a fourth day Russian bombings across Ukraine fuel nervousness Markets braced for high core US CPI, earnings season LONDON, Oct 10 (Reuters) – Global shares dropped on Monday after Russian missiles pounded cities across Ukraine and as renewed concern about the economic outlook sent investors into safe-haven assets such as …

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