TAIPEI (Reuters) – Taiwan’s exports rose more than expected in June, with the island benefiting from its position as a key link in the supply chain of the booming artificial intelligence (AI) industry though also coming off from a low base period. Exports rose 23.5% from a year earlier to $39.9 billion, the finance ministry …
Taiwan June exports tops forecasts on AI demand, U.S. market soars Read More »
BANGKOK (Reuters) -Thailand needs stronger economic growth as the current potential growth rate of about 3% is not high enough to help the economy expand sustainably in the long term, the central bank governor said on Tuesday. The potential growth rate can be raised by structural reforms, Bank of Thailand Governor Sethaput Suthiwartnarueput told a …
Thai central bank head says 3% potential growth rate not high enough Read More »
By Yantoultra Ngui SINGAPORE (Reuters) – Singapore state investor Temasek said on Tuesday its net portfolio value had swung back to growth with a 1.8% gain, adding that profits from investments in the United States and India helped cushion the impact of underperformance in China. Significantly, Temasek’s exposure to the Americas surpassed China for the …
Temasek portfolio value logs modest rise; has a cautious approach to China Read More »
BEIJING (Reuters) – China’s new yuan loans likely more than doubled in June from May, a Reuters poll showed on Tuesday, as the central bank kept up policy support for the economy amid a shaky recovery. Chinese banks are expected to have issued 2.25 trillion yuan ($309.38 billion) in new yuan loans last month, compared …
China’s June new yuan loans seen surging on supportive policy: Reuters poll Read More »
By Sam Nussey TOKYO (Reuters) – Private equity firm KKR plans to cut its stake in Kokusai Electric, two people familiar with the matter said, cashing in after a blistering run for shares in the Japanese chip equipment maker. KKR, which holds around 43% of Kokusai’s shares, plans to sell about half of its stake …
Exclusive-KKR to cut stake in Japan chip tool maker Kokusai Electric, sources say Read More »
AMSTERDAM (Reuters) – The recently retired CEO of semiconductor equipment maker ASML said in an interview with Dutch radio station BNR on Saturday that U.S.-China disputes over computer chips are ideological and not based on facts, and they are set to continue. Wennink left in April after a ten year term at the helm of …
Former ASML CEO says US-China chip fight will continue Read More »
By Colleen Howe BEIJING (Reuters) – Chinese authorities are considering ordering large-scale investigations of energy storage plants for fire risks, in a sign of tighter standards for China’s booming battery energy storage industry, the 21st Century Business Herald reported on Monday. Prompted by recent disasters at energy storage facilities, authorities have already carried out safety …
China may investigate energy storage plants for fire risks, local media says Read More »
(Reuters) – Microsoft intends to offer Apple’s iOS-based devices to its employees in China to access authentication apps, a company spokesperson said on Monday, citing absence of Google’s Android services in the country. Microsoft has been under increased scrutiny after a series of security breaches, the latest being that of Russian hackers who spied and …
ISTANBUL (Reuters) -Chinese electric vehicle manufacturer BYD Co Ltd agreed with the Turkish government to build a $1 billion production plant in Turkey with an annual capacity of 150,000 vehicles, Turkey’s industry and technology minister said on Monday. Minister Mehmet Fatih Kacir posted pictures on social media platform X of Turkish President Tayyip Erdogan meeting …
China EV maker BYD to build $1-billion plant in Turkey Read More »
(Reuters) – HSBC has been fined HK$24 million ($3.07 million) for offering incentives to “unregistered intermediaries” to get clients to join its Mandatory Provident Fund (MPF) scheme in 2020 and 2021, Hong Kong’s pension regulator said. The Mandatory Provident Fund Schemes Authority (MPFA) also said that it disqualified Yip Sze Ki, former head of pensions …
HSBC fined $3 million over incentives given to unauthorised agents for MPF scheme Read More »
