(Reuters) – The CEO of Hertz said he feels humbled following comments by billionaire investor Bill Ackman, whose investment management company Pershing Square recently accumulated a 19.8% stake in the car rental firm. “I am humbled, and we should all feel encouraged by Bill Ackman’s comments and energized by the strong support shown by him,”...

By Abhirup Roy, Aditi Shah, Hyunjoo Jin SAN FRANCISCO/NEW DELHI/SEOUL (Reuters) -Tesla’s long-awaited plans for an affordable car include a U.S-made, stripped-down version of its best-selling electric SUV, the Model Y, but the production launch has been delayed, three sources with knowledge of the matter told Reuters. Tesla has promised affordable vehicles beginning in the...

By Milana Vinn, Amy-Jo Crowley and Abigail Summerville (Reuters) – After U.S. President Donald Trump’s tariffs sent global markets sideways, Silicon Valley private equity firm Silver Lake Partners and chipmaker Intel added some new terms to a deal they had spent months negotiating. The talks continued for an extra week, during which the new clause...

By Leika Kihara TOKYO (Reuters) – Japan does not manipulate the currency market to weaken the yen, Finance Minister Katsunobu Kato told parliament on Friday, countering accusations from U.S. President Donald Trump that Japan intentionally depreciates its currency to help exporters. Kato is scheduled to visit Washington next week to attend the G20 finance leaders’...

JAKARTA (Reuters) – Increased imports of U.S. food and commodities by Indonesia would mean lower orders from countries that Indonesia currently buys the products from, chief economic minister Airlangga Hartarto told reporters in Washington. Airlangga is in Washington as part of a delegation of senior officials who are meeting U.S. counterparts for talks about U.S....

BEIJING (Reuters) – China’s smartphone shipments in the first quarter by 3.3% from a year earlier, research firm IDC said. Apple’s shipments in China fell 9% from a year earlier while Huawei’s rose 10% in the same period. (Reporting by Liz Lee and Beijing newsroom; Editing by Christian Schmollinger) ,,,

By Leika Kihara TOKYO (Reuters) -Japan’s core inflation accelerated in March due to persistent rises in food costs, data showed on Friday, complicating the central bank’s task of weighing mounting price pressures against risks to the economy from higher U.S. tariffs. The data comes ahead of the Bank of Japan’s policy meeting next week, when...

SEOUL (Reuters) – South Korea’s financial watchdog ordered on Thursday Hanwha Aerospace to submit another revision to its share issue plan, pushing back on the capital raising plans of the country’s largest defence contractor for a second time. The Financial Supervisory Service said in a stock exchange regulatory notice that Hanwha’s filing last week contained...

By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks wavered on Thursday after Federal Reserve Chair Jerome Powell warned of the risk of slowing growth and rising prices due to tariffs, while the uncertainty around U.S. trade policies kept the dollar rooted near three-year lows. The spotlight stayed on technology shares after a bruising session on...