(Reuters) – The chief executive of TikTok plans to attend U.S. President-elect Donald Trump’s inauguration, the New York Times reported on Wednesday, citing two people familiar with the plans. Shou Zi Chew has been invited to sit in a position of honor on the dais, a location typically reserved for former presidents, family members and …
TikTok CEO plans to attend Trump inauguration, NYT reports Read More »
By Liam Mo and Brenda Goh BEIJING (Reuters) -Apple was dethroned as China’s biggest smartphone seller in 2024, with local rivals Vivo and Huawei overtaking the iPhone maker after its annual shipments in the country declined 17%, data from research firm Canalys showed on Thursday. It was Apple’s largest-ever annual sales decline in China and …
Apple loses smartphone sales crown in China, drops to third in 2024 Read More »
(Reuters) – Property developer China Vanke told some investors on Wednesday that it had no plans to extend its bonds amid a market sell-off, financial news outlet REDD reported, citing two persons briefed by the company on the matter. The news outlet said on Thursday that the investors were briefed on the matter after online …
China Vanke has no plans to extend bonds amid market slump, REDD reports Read More »
By Satoshi Sugiyama TOKYO (Reuters) – The Bank of Japan will raise interest rates again at one of the two meetings this quarter to 0.50%, an overwhelming majority of economists surveyed by Reuters said, with most leaning toward a January move. The findings show the BOJ’s determination to take further steps toward more normal monetary …
BOJ to raise rates by end-March, most analysts lean toward January hike- Reuters poll Read More »
JAKARTA (Reuters) – Indonesia’s central bank said the rupiah’s fall against U.S. dollar was still under control, after the currency slid to its weakest level in more than six months on Thursday following a surprise cut in interest rates the day before. “The market reaction that occurred this morning is still under control and short …
Indonesia central bank says rupiah’s weakness under control Read More »
By Cynthia Kim and Jihoon Lee SEOUL (Reuters) -South Korea’s central bank unexpectedly left its policy interest rate unchanged on Thursday, weighing the impact of its back-to-back cuts last year while supporting the won which weakened to a 15-year low versus the U.S. dollar in recent weeks. Six of the bank’s seven board members said …
Bank of Korea unexpectedly holds policy rate amid won slide Read More »
By Yuka Obayashi, Miho Uranaka and Katya Golubkova TOKYO (Reuters) – Tokyo Gas has identified assets, including from its vast real estate portfolio, to be sold to fund growth investments, its president said, as the company faces pressure from U.S. activist investor Elliott Management. Elliott, one of the world’s most influential activist investors, purchased a …
Tokyo Gas has identified assets to sell to fund investments, president says Read More »
By David Shepardson (Reuters) -Toyota Motor unit Hino Motors has agreed a $1.6 billion settlement with U.S. agencies and will plead guilty over excess diesel engine emissions in more than 105,000 U.S. vehicles, the company and U.S. government said on Wednesday. The Japanese truck and engine manufacturer was charged with fraud in U.S. District Court …
Toyota unit Hino Motors reaches $1.6 billion US diesel emissions settlement Read More »
By Aditi Shah and Nandan Mandayam NEW DELHI (Reuters) – Automakers operating in India plan to launch close to a dozen new electric car models this year, many in the premium market, with longer driving ranges and faster charging times, to attract buyers as demand for EVs slows down globally. Electric cars will take centre …
Carmakers in India plan EV onslaught in 2025 despite slowing global demand Read More »
HANOI (Reuters) – The Vietnam government said late on Wednesday that it will consider removing regulatory hurdles to allow aircraft manufactured by Chinese state-owned planemaker COMAC to operate in the country. COMAC is seeking to establish itself as an alternative to leading Western planemakers Airbus and Boeing. However, its two passenger plane models currently operate …
Vietnam considers removing barriers for China-made COMAC aircraft to operate in country Read More »
