JAKARTA (Reuters) -Indonesia’s central bank intervened in the foreign exchange market to defend the rupiah, its governor said on Friday, vowing to use monetary policy to stabilise the currency after it fell to over four-year lows against the dollar. The rupiah skidded 0.9% to 16,415 per dollar in afternoon trade, the lowest level since April …
Indonesia central bank intervenes to defend faltering rupiah Read More »
(Reuters) -Japan’s Kirin Holdings said on Friday it was offering 220.7 billion yen ($1.4 billion) to acquire the rest of skin care brand Fancl Corp <4921.T> as the beer maker continues to pivot toward the health and wellness businesses. Facing a shrinking domestic market and falling beer consumption among younger people, Japan’s legacy breweries are …
Japan’s Kirin offers $1.4 billion for full control of skin care brand Fancl Read More »
(Reuters) – The Bank of Japan kept ultra-low interest rates on Friday but decided to start trimming its huge bond purchases in a slow but steady retreat from its massive monetary stimulus. While it will continue to buy government bonds at the current pace of roughly 6 trillion yen ($38 billion) per month, the central …
SHANGHAI/SINGAPORE (Reuters) – China’s central bank is widely expected to leave a key policy rate unchanged when rolling over maturing medium-term loans next Monday, a Reuters survey showed. Worsening interest margins and a weakening Chinese yuan continued to hobble authorities’ monetary easing efforts to support the world’s second-largest economy. In a Reuters poll of 31 …
China set to hold key rate as margin pressure, weaker yuan hamper policy easing Read More »
By Arshad Mohammed, David Lawder and Karen Freifeld WASHINGTON (Reuters) – The United States on Wednesday dramatically broadened sanctions on Russia, including by targeting China-based companies selling semiconductors to Moscow, as part of an effort to undercut the Russian military machine waging war on Ukraine. Among the steps, the U.S. Treasury said it was raising …
US expands Russia sanctions, targets chips sent via China Read More »
By Michael S. Derby and Lananh Nguyen NEW YORK (Reuters) – U.S. Treasury Secretary Janet Yellen said Thursday that she believes the largest Chinese banks are mindful of U.S. sanctions against Russia and do not want to violate them, but added the U.S. will not rule out taking action if it deems it necessary. “I …
Yellen says larger Chinese banks wary of violating US sanctions on Russia Read More »
By Liz Lee, Laurie Chen and Nick Carey BEIJING (Reuters) -Beijing on Thursday slammed EU tariffs on Chinese electric vehicles as protectionist behaviour even as the country’s top auto exporter said the duties would not derail its expansion plans for Europe, including making EVs in Spain this year. The reaction from China and others embroiled …
China urges EU to reverse EV tariffs, Chery undeterred Read More »
(Reuters) – The European Commission will apply additional duties of up to 38.1% on imported China-made electric cars from July, a move that Beijing is likely to retaliate against. Europe’s auto industry had warned against imposing the tariffs, with German carmakers the most exposed to any counter moves as almost a third of their sales …
Factbox-European carmakers exposed to any Chinese retaliation for EU tariffs Read More »
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union’s plan to hike tariffs on Chinese electric vehicles (EVs) reflects a firming of its stance towards Beijing, but falls short of a tougher U.S. position tending towards an outright decoupling from China. In terms of the move itself, the EU’s nearly five-fold increase in duties for …
Analysis-Bound by rules and economics, EU trails U.S. on China tariffs Read More »
By Casey Hall, Lucy Craymer and Mei Mei Chu SHANGHAI/WELLINGTON (Reuters) -Global food companies from dairy producers to pork exporters are on high alert for potential retaliatory tariffs from China after the European Union’s decision on Wednesday to impose anti-subsidy duties on Chinese-made electric vehicles (EVs). China’s state media have reported that domestic companies are …
European dairy, pork producers wary of Chinese retaliation for EV tariffs Read More »
