Explainer: Why Asia’s biggest economies are backing hydrogen fuel cell cars

Explainer: Why Asia’s biggest economies are backing hydrogen fuel cell cars
TOKYO (Reuters) – China, Japan and South Korea have set ambitious targets to put millions of hydrogen-powered vehicles on their roads by the end of the next decade at a cost of billions of dollars. FILE PHOTO: An Air Liquide hydrogen station for hydrogen fuel cell cars is seen in Paris, France, October 13, 2016. REUTERS/Charles Platiau But to date,... Read More

Toyota banks on Olympic halo for the humble bus to keep hydrogen dream alive

Toyota banks on Olympic halo for the humble bus to keep hydrogen dream alive
TOKYO (Reuters) – Buses may not be the most glamorous mode of transport but at the 2020 Tokyo Olympic games, they will represent Toyota Motor Corp’s (7203.T) best bet for wider acceptance of hydrogen power – technology so far eclipsed by electric vehicles. FILE PHOTO: Toyota Motor Corp. displays the company’s fuel cell bus Sora during media preview of the... Read More

Adobe’s fourth-quarter forecast, marketing software unit disappoint

Adobe’s fourth-quarter forecast, marketing software unit disappoint
(Reuters) – Adobe Inc (ADBE.O) on Tuesday gave a tepid current-quarter revenue forecast and said that bookings in its newly acquired marketing software unit were growing slower than expected, sending shares nearly 3% in after-market trading. FILE PHOTO: An Adobe Systems Inc software box is seen in Los Angeles, California, U.S., March 13, 2017. REUTERS/Lucy Nicholson/File Photo The company bought... Read More

Adobe fourth-quarter revenue forecast disappoints; shares drop

Adobe fourth-quarter revenue forecast disappoints; shares drop
FILE PHOTO: An Adobe Systems Inc software box is seen in Los Angeles, California, U.S., March 13, 2017. REUTERS/Lucy Nicholson/File Photo (Reuters) – Adobe Inc (ADBE.O) on Tuesday forecast fourth-quarter revenue below Wall Street expectations as the software maker faces intense competition in a fast-growing cloud market, sending shares down 4.3% in after-market trading. The company said it expects revenue... Read More

From underpants to oat drink makers, Citigroup courts startups for growth

From underpants to oat drink makers, Citigroup courts startups for growth
(Reuters) – At an event hosted by Citigroup Inc (C.N) this month, its dealmakers sat executives from major consumer-product companies alongside rivals trying to disrupt their businesses. FILE PHOTO: A Citigroup office is seen at Canary Wharf in London, Britain May 19, 2015. REUTERS/Suzanne Plunkett The idea, bankers said, was to hatch partnerships between old companies that are replete with... Read More

U.S. ‘falling behind’ in global race to develop electric vehicle supply chain

U.S. ‘falling behind’ in global race to develop electric vehicle supply chain
WASHINGTON (Reuters) – The United States is losing the race to extract and refine minerals used to make electric vehicles and should do more to spur domestic production, a bipartisan group of senators said on Tuesday. FILE PHOTO: U.S. Senator Lisa Murkowski (R-AK) speaks with reporters off the Senate floor in Washington, U.S., May 23, 2019. REUTERS/James Lawler Duggan The... Read More

Fund managers have not joined race into cheap, value stocks: BAML survey

Fund managers have not joined race into cheap, value stocks: BAML survey
LONDON (Reuters) – Fund managers have not piled into so-called value stocks, which have been shunned during the decade-long technology-led boom, even as shares in beaten-down companies have rallied over the past week, a key investor survey showed on Tuesday. Bank of America Merrill Lynch’s latest monthly survey of global managers, which was carried out between Sept. 6 and 12.,... Read More

U.S., Chinese trade deputy talks to start on Thursday

U.S., Chinese trade deputy talks to start on Thursday
WASHINGTON (Reuters) – Deputy-level U.S.-China trade talks are scheduled to start in Washington on Thursday, the U.S. Trade Representative’s office said, paving the way for high-level talks in October aimed at resolving a bitter, 14-month trade war. FILE PHOTO: U.S. and Chinese flags are seen before Defense Secretary James Mattis welcomes Chinese Minister of National Defense Gen. Wei Fenghe to... Read More

Explainer: Details on car tariffs fuzzy as U.S., Japan head for trade deal

Explainer: Details on car tariffs fuzzy as U.S., Japan head for trade deal
TOKYO (Reuters) – U.S. President Donald Trump has said Washington and Tokyo have reached an initial trade deal that he and Japanese Prime Minister Shinzo Abe are expected to sign in New York later this month. FILE PHOTO: A worker is seen among newly manufactured cars awaiting export at port in Yokohama, Japan, November 15, 2017. REUTERS/Toru Hanai/File Photo Top... Read More

U.S. value fund managers betting shift to value stocks won’t last

U.S. value fund managers betting shift to value stocks won’t last
NEW YORK (Reuters) – The massive U.S. market rotation into value stocks over the last two weeks is finally giving value fund managers a reason to be hopeful after years of underperformance. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 9, 2019. REUTERS/Brendan McDermid Yet portfolio managers from firms... Read More