Refocus PLI towards exports

Toyota's Koji Sato says AI in mobility must be judged on two fronts: accelerating autonomous driving and boosting manufacturing productivity. He speaks exclusively with Bloomberg TV. (Source: Bloomberg)

Nomura’s Yujiro Goto sees a 25-basis-point BOJ hike in September as reasonable, potentially followed by additional tightening. He adds that external pressure from the US could further influence decision makers.…

Australia's Bathla Group remains in discussions over a short-term funding deal that would avert the collapse of one of Sydney’s largest residential property developers. Bloomberg's Paul Allen reports. (Source: Bloomberg)

The dollar slumped to start September as traders cut bets on a Federal Reserve rate hike this month and a surging yen rippled across global currency markets.

Gold steadied — after rising more than 2% on Thursday — after a Federal Reserve official’s comments on inflation helped to lower the odds of an interest-rate hike.

The group - which includes Audi, Porsche, Skoda as well as the VW brand - said in March that it would cut 50,000 roles.