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Markets mixed as traders weigh rates outlook
Markets mixed as traders weigh rates outlook
by  AFP

Equity markets were mixed Wednesday as the latest global rally ran out of steam due to a lack of major catalysts, while investors contemplated the outlook for monetary policy. "There was limited data on corporate earnings to worry the markets, with no unexpected surprises and a lack of major US economic data in the days ahead," said Kyle Rodda at Capital.com.

Toyota posts record yearly net income, revenue
Toyota posts record yearly net income, revenue
by  AFP

Toyota said Wednesday that it enjoyed a record net profit of 4.94 trillion yen ($31.9 billion) in the year to March on revenues of 45.1 trillion yen, which was also an all-time high. Toyota's previous record annual net profit was 2.85 trillion yen in 2021-22.

Global car giants seek tech allies in China's cutthroat EV market
Global car giants seek tech allies in China's cutthroat EV market
by  AFP

Struggling foreign automakers in China are looking for help from local tech giants to try to stay competitive in the world's biggest electric car market, where shiny smart screens, assisted driving and sophisticated map technology are in high demand.

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