Hongqi, the Chinese luxury car brand once used by Mao Zedong, is in talks with Stellantis to build vehicles at a Spanish factory, Reuters exclusively reports.

Bank of Japan Governor Kazuo Ueda says there is no immediate need to raise interest rates. Ueda noted that while six board members are mindful of inflation risks, the central bank does not see an urgent requirement for a rate hike at this time.

Bank of Japan Governor Kazuo Ueda stated there is no immediate need to raise interest rates, noting that while six board members are mindful of inflation risks, they do not see current urgency for a hike.

Bank of Japan Governor Ueda says underlying inflation has not fully stabilized at 2%.

Bank of Japan Governor Ueda noted that underlying inflation has not fully stabilized at the 2% level.

Bank of Japan holds interest rates steady with a hawkish tone, setting the stage for other central banks to tighten policy.

The Bank of Japan held interest rates steady but adopted a hawkish tone, setting the stage for other central banks.

BP reports a surge in first-quarter earnings, citing increased profits driven by the ongoing conflict involving Iran. The energy company's financial results reflect market volatility linked to the regional instability.

BP reported a significant increase in first-quarter earnings, attributing the growth to higher profits resulting from the ongoing conflict involving Iran.