Panasonic to consider more investment in Tesla’s Gigafactory if asked: executive
OSAKA (Reuters) – Panasonic Corp would consider further investment in Tesla Inc’s so-called Gigafactory if requested by the U.S. electric vehicle maker, an executive at the Japanese conglomerate said on Monday.
Investors seek cover as trade battles rattle world markets
LONDON (Reuters) – Investors have sharply increased their use of hedging strategies, signaling concerns that the intensifying trade battle between the United States and China might hit economies from Germany to South Korea.
Solid capital spending plans a bright spot in Bank of Japan’s downbeat tankan
TOKYO (Reuters) – Business confidence among Japan’s big manufacturers worsened for a second straight quarter in the three months to June, a Bank of Japan survey showed, with the outlook clouded by U.S. trade protectionism and rising input costs.
Nissan scraps potential $1 billion sale of battery unit to China’s GSR
TOKYO (Reuters) – Nissan Motor has canceled a potential $1 billion sale of its electric car battery unit to China’s GSR Capital, opening the door to other likely suitors keen on a component that is vital for the booming electric vehicles industry.
Panasonic would consider extra investment in Tesla’s Gigafactory if requested: executive
OSAKA (Reuters) – Japan’s Panasonic Corp would consider additional investment in Tesla Inc’s automotive battery plant in the U.S. state of Nevada if requested by the U.S. electric car manufacturer, an executive said on Monday.
South Korea’s Hyundai says U.S. car tariffs would harm security ties over North Korea
SEOUL (Reuters) – Hyundai Motor cautioned the U.S. administration that imposing up to 25 percent tariffs on imported vehicles from South Korea would hurt a security alliance between the two countries over North Korea’s nuclear ambitions.
China shares slip anew, Mexico peso up as Obrador wins
SYDNEY (Reuters) – Asian share markets were burdened by fresh losses in China on Monday, while Mexico’s peso firmed as exit polls pointed to a decisive victory for presidential front-runner Andres Manuel Lopez Obrador’s party.
Oil falls amid rising Saudi output, Asian economic slowdown
SINGAPORE (Reuters) – Oil prices fell by more than 1 percent on Monday as supplies from top exporter Saudi Arabia rose and as signs of an economic slowdown in Asia dented the outlook for demand.
KKR seeks to woo investors with corporate rejig
NEW YORK (Reuters) – KKR & Co transforms into a corporation on Sunday, a change that should help the U.S. private equity firm tap a new pool of investors for its stock.
Asia shares sluggish, Mexico peso up on exit polls
SYDNEY (Reuters) – Asian shares were subdued Monday ahead of a week packed with major economic events, while Mexico’s peso <MXN=> firmed as exit polls pointed to a decisive victory for presidential front-runner Andres Manuel Lopez Obrador’s party…
