TOKYO: Japan’s top minicar maker Suzuki Motor Corp. is to build a new auto assembly plant near the Indian capital New Delhi in a bid to meet growing demand in the country, a newspaper reported on Sunday.
Maruti Suzuki India Ltd., a local subsidiary of Suzuki, plans to construct the new plant in Manesar near its [...]
BEIJING: China should end preferential policies for automotive companies in order to curb over-capacity in an industry where sales jumped 55 percent in August, a government official said.
Chen Bin, a top official at China’s economic planning agency, said booming auto sales were leading to blind investment in the industry, which could result in annual production [...]
BEIJING: China’s customs agency on Saturday said that exports were up 35 percent in June from a year ago, while imports rose almost 53 percent. The figures showed the largest monthly trade surplus so far this year, $20 million, despite the debt problems of China’s largest trading partner, the European Union.
That should keep international pressure [...]
SINGAPORE: Oil prices rose to near $76 a barrel Friday in Asia, following stock markets higher as confidence rose the global economic recovery remains intact.
Benchmark crude for August delivery was up 47 cents to $75.91 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The [...]
TOKYO: Asian markets rose Friday after a fall in US unemployment benefit claims eased the worries about a stuttering global economic recovery that have roiled stocks for several weeks.
South Korea’s central bank added to the optimism by raising its benchmark interest rate from a record low amid prospects for faster growth in the country’s economy.
Japan’s [...]
