By Brenda Goh SHANGHAI (Reuters) -Premier Li Qiang said on Wednesday that China’s economy will exceed 170 trillion yuan ($23.87 trillion) by 2030, presenting a big market opportunity for the world as trade restrictions rise globally. In his speech at the opening ceremony of the China International Import Expo (CIIE) in Shanghai, Li criticized tariffs …
Chinese economy to exceed $23.8 trillion by 2030, premier says Read More »
(Reuters) -Stocks fell on Wednesday as a selloff in global tech shares dragged down markets from Tokyo to Frankfurt, driving volatility to highs last seen in April and helping underpin haven assets such as government bonds. Equities saw their sharpest slide in seven months in Asia on Wednesday, with tech stocks leading losses as investors …
Global markets shaken by steep selloff as AI rally pauses Read More »
By Daniel Leussink TOKYO (Reuters) -Toyota raised its full-year profit forecast on Wednesday, as the Japanese automaker bet solid performance outside the United States would help it ride out the impact of U.S. President Donald Trump’s import tariffs. The world’s top-selling carmaker now expects operating profit of 3.4 trillion yen ($22.6 billion) for the financial …
Toyota raises profit outlook, bets it can ride out tariffs Read More »
SINGAPORE (Reuters) -Oversea-Chinese Banking Corp (OCBC), Singapore’s second-largest bank by assets, said on Wednesday it had appointed Melvyn Low as group chief strategy and transformation officer, effective November 10. Low, who has led OCBC’s global transaction banking division since 2018, will drive the lender’s long-term strategic roadmap while continuing to oversee the transaction banking business, …
Singapore’s OCBC names Melvyn Low as chief strategy and transformation officer Read More »
BEIJING (Reuters) -China will remove export control measures against 15 U.S. entities and continue to pause such measures for another 16 entities for a year, effective November 10, a commerce ministry statement showed. China will also remove or suspend for one year measures it took against some U.S. entities in March and April, when it …
China rolls back, suspends retaliatory measures against some US entities Read More »
TOKYO (Reuters) -Japan’s SoftBank Corp President Jun Miyakawa said on Wednesday that the U.S. government shutdown has halted regulatory review of its payments app operator PayPay’s planned listing in the U.S. Reuters reported last month investors expect the valuation of PayPay could exceed 3 trillion yen ($20 billion) in a U.S. initial public offering that …
(Corrects paragraph 2 to clarify that the minister said the central bank has stopped tax incentives given to two family offices linked to Prince Group, not clawed back the incentives) By Jun Yuan Yong SINGAPORE (Reuters) -Singapore has blocked 3% out of 1,300 applications filed in the past three years to set up tax-exempt wealth …
Singapore rejects 3% of 1,300 family office applications in past 3 years, minister says Read More »
SHANGHAI (Reuters) -Volkswagen said on Wednesday that CARIZON, its joint venture with China’s Horizon Robotics, will develop the German carmaker’s first in-house chip to power smart driving capabilities in its next generation of cars for China. The chip will be used for processing data from cameras and sensors in a car with a single-chip computing …
Volkswagen to develop chip for China smart cars with Horizon Robotics Read More »
BEIJING (Reuters) -Chinese electric vehicle maker Xpeng will team up with Alibaba’s digital mapping arm Amap to launch robotaxi service, the two companies announced on Wednesday. Xpeng said earlier in the day that it will roll out three self-developed robotaxi models and start trial operations in 2026. The driverless cars will be integrated into Amap’s …
Xpeng teams up with Alibaba’s Amap to launch robotaxi service Read More »
By Rajendra Jadhav MUMBAI (Reuters) -India’s rapeseed planting is expected to hit a new high this year due to record Chinese buying of rapeseed meal and above-average rainfall that resulted in favourable soil moisture for the crop. As the country’s primary winter-sown oilseed, the surge in rapeseed production is also poised to help India, the …
India rapeseed plantings to hit record highs due to favourable weather, Chinese demand Read More »
