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Nissan hikes forecasts on weak yen despite falling unit sales
Nissan hikes forecasts on weak yen despite falling unit sales
by  AFP

Nissan on Wednesday upgraded its full-year profit forecasts, as the depreciating yen helps inflate its overseas profits, despite ongoing challenges including Covid shutdowns and the global chip shortage. He said the business environment was expected to "remain challenging" in the second half of the year, with ongoing semiconductor shortages and increased raw material prices.

Asian markets tepid with eyes on China, US midterms
Asian markets tepid with eyes on China, US midterms
by  AFP

Asian stocks made a positive start on Wednesday following gains on Wall Street, but lost momentum as factory gate prices in China fell for the first time in nearly two years. China's producer price index (PPI) fell by 1.3 percent on-year in October, pushing it into negative territory for the first time since December 2020.

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