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Toyota hits record annual output, sales on account of robust demand

The world's largest automaker by volume, however, saw its sales and production fall in March amid fierce competition in China, the world's largest auto market

US Senate votes in favor of bill to force TikTok divestment or face ban

The measure, passed by the U.S. House of Representatives on Saturday, has been driven by concerns that China could access Americans' data or surveil them with the app

Nestle misses sales estimates after hiking prices across board in Q1

The maker of Maggi noodles, Nescafe coffee and KitKat chocolate wafer bars confirmed its 2024 guidance of organic sales growth of about 4 per cent

US Supreme Court weighs Donald Trump's bid for immunity from prosecution

If Trump regains the presidency, he could seek to force an end to the prosecution or potentially pardon himself for any federal crimes

China should have confidence to talk to us, says Taiwan's president-elect

Lai, who won election in January and takes office on May 20, is particularly disliked by Beijing, which views him as a dangerous separatist

Morgan Stanley Asia private equity unit to reorganise as CEO retires

The firm has appointed Jun Xu, who is currently head of its yuan-denominated investment funds, to lead all private equity investing in China, the memo said

SK Hynix expects full chip recovery after strong earnings on AI boom

"The memory market is entering into full recovery cycle with ongoing strength of AI demand," SK Hynix said

Indian govt bond yields seen steady as traders eye fresh triggers

Bond yields declined in the first two days of the week, before giving up some of the fall on Wednesday, as oil prices and US yields continued to be around levels where a further upside is possible

Xiaomi locks in over 75K orders for SU7, targets 10K deliveries in June

The delivery target sets a record for an electric vehicle (EV) startup, Lei said during an event on the first media day of the Beijing auto show

Microsoft-backed Rubrik prices US IPO above range at $32 per share

Rubrik upsized its IPO to raise $752 million after selling 23.5 million shares, the company said in a statement. This confirmed an earlier Reuters report about the offering details

US DOJ plans to decide by late May if Boeing violated prosecution deal

Federal prosecutors had agreed to ask a judge to dismiss a criminal charge against Boeing so long as it complied with the deal's terms over a three-year period

Coalition vessel engaged ballistic missile launched from Yemen: US Army

Yemen's Houthis have been attacking ships in the Red Sea region since November in what they say is a campaign of solidarity with Palestinians fighting Israel in Gaza

VinFast chief plans to invest $1 bn more from his fortune in EV maker

Pham Nhat Vuong also said Vingroup was considering listing its hospitality unit Vinpearl this year

Poised to evacuate Palestinians from Rafah, says Israeli military

An Israeli government source said Netanyahu's war cabinet planned to meet in the coming two weeks to authorise civilian evacuations, expected to take around a month

Hackers subverted security devices to spy on governments, says Cisco

In a statement, the company said it urged customers to take immediate action to update their software. It did not give further details on the breaches, which it said dated back to earlier this year

Spices Board inspects plants of MDH, Everest over alleged contamination

MDH and Everest spices are among the most popular in India and are sold in Europe, Asia and North America. Exports totaled $4 billion in 2022-23, according to the Spices Board, the industry regulator

Reckitt beats like-for-like sales estimates, driven by Dettol, Lysol

The company said it was on track to meet full-year revenue and profit targets, led by mid single-digit growth across its health and hygiene businesses

Goldman Sachs taps BofA bankers for India dealmaking roles: Reports

India is the world's second busiest IPO market this year after the United States, with bankers expecting more activity amid a paucity of deals elsewhere in Asia, Reuters reported last month

Dalmia Bharat Q4 results: Net profit declines to Rs 315 cr, beats estimates

Cement makers usually report strong sales volumes in the March quarter as they lower prices to clear year-end inventory backlogs

Tesla stock jumps as Musk's promise of 'affordable' cars eases growth fears

"We read 'more affordable' as potentially de-contented Model Y/Model 3 versions with improvements in software and AI/hardware capability, but at lower prices," Morgan Stanley analyst Adam Jonas said