Category: PMN Business

May 28

Brazilian prosecutors sue China’s BYD over allegations of slave-like labor conditions

“Working conditions were extremely degrading. Five settlements were kept by BYD, JinJiang and Tecmonta. Some workers slept on beds without mattresses and had their personal belongings alongside with their food,” the prosecutors’ office said. “There were few bathrooms, which were not gender-assigned. In one of the settlements, there was one toilet for 31 people, forcing […]
May 27

Ueda Indicates BOJ Is Still Eyeing More Rate Hikes, Boosting Yen

“In light of growing uncertainties, particularly those related to trade policy, we have recently revised down our economic and inflation outlook,” Ueda said. “However, we continue to expect underlying inflation to gradually move toward 2 percent over the second half of our forecast horizon,” he said, adding that Japan is now closer to its inflation […]
May 25

US Risks Losing ‘Reliable Investment’ Status, Allianz GI Manager Says

It’s the latest wedge dividing Europe, where emissions reductions are anchored in law, and the US, where the Trump administration has mounted a full-throated attack on net zero policies. The bill agreed by House Republicans is even “worse than feared” for investors committed to energy transition strategies, according to equity analysts at Jefferies.