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Toyota presses Australia to promote roll-out of hydrogen fuel stations By Reuters

By Sonali Paul MELBOURNE (Reuters) - Toyota Motor Corp on Monday opened its first commercial hydrogen fuel pump site in the Australian state of Victoria, urging the government to encourage the rollout of more sites to boost the take-up of cleaner cars. The automaker is bringing in 20 of its Mirai hydrogen fuel cell cars to Australia in April, placing them in...

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Credit Suisse warns of ‘significant’ losses from exiting hedge fund positions By Reuters

ZURICH (Reuters) - Credit Suisse (SIX:CSGN)'s first quarter results could suffer a material impact after the bank started exiting positions after a U.S.-based hedge fund defaulted on margin calls it made, the bank said on Monday. "While at this time it is premature to quantify the exact size of the loss resulting from this exit, it could be highly significant...

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Damage from fire at Renesas chip factory worse than first thought By Reuters

TOKYO (Reuters) - Renesas Electronics Corp now believes damage from a fire at its chip-making plant was more extensive than first thought, the Nikkei daily newspaper reported on Monday. The company had initially said 11 machines were damaged, but the Nikkei reported that the number of inoperable machines was now believed to be around 17. A company spokeswoman would not confirm a...

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BOJ debated bright signs in economy in March even as it reviewed policy tools By Reuters

By Leika Kihara TOKYO (Reuters) - Some Bank of Japan (BOJ) policymakers saw early bright spots in the pandemic-hit economy even as they debated steps to make the bank's ultra-loose monetary policy more sustainable, a summary of opinions voiced at the March rate review showed on Monday. At the March meeting, the BOJ decided on a range of steps to make its...

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Asia shares cautious as U.S. futures ease, lot hanging on Biden plan By Reuters

By Wayne Cole SYDNEY (Reuters) - Asian share markets turned mixed on Monday as U.S. equity futures slipped and investors awaited details of proposed trillions in U.S. fiscal spending that many are counting on to supercharge the global economic recovery. Optimism about the U.S. economy has been helped by the vaccination rollout with some 143 million shots given to almost 94 million...

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Japan’s Nomura flags $2 billion loss at U.S. unit, cancels bond issue By Reuters

TOKYO (Reuters) - Japan's Nomura Holdings Inc on Monday flagged a potential $2 billion loss at a U.S. subsidiary arising from transactions with a U.S. client, and separately said it would cancel a planned hefty bond issuance due to the possible loss. The news sent Nomura's shares down more than 16% briefly in early trade after a deluge of sell orders at...

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Tencent Music announces biggest ever $1 billion share buyback By Reuters

(Reuters) - China's Tencent (HK:0700) Music Entertainment Group announced a $1 billion share repurchase plan, its biggest, late on Sunday, days after the U.S. securities regulator adopted stricter measures for foreign companies listed on American stock exchanges. The Chinese music streaming company may buy back up to $1 billion of its Class A ordinary shares in the form of American depositary shares...

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