Reuters Asia Business

By David Shepardson WASHINGTON (Reuters) -The Federal Communications Commission is moving to prevent Huawei, ZTE and other foreign companies deemed to pose U.S. national security concerns from certifying wireless equipment, officials told Reuters on Wednesday. The FCC plans to vote this month on a bipartisan proposal to ensure that telecommunications certification bodies and test labs …

US moves to bar Huawei, other Chinese telecoms from certifying wireless equipment Read More »

WASHINGTON (Reuters) -The U.S. International Trade Commission is launching a probe into GoPro claims that patents for its cameras, systems and accessories are being violated by a Chinese firm importing similar products into the United States. The USITC said in a public notice on Wednesday that the investigation under Section 337 of the Trade Act …

US to probe GoPro claims Chinese firm violated its patents Read More »

By Naomi Rovnick LONDON (Reuters) – Global investors are eyeing European and emerging market assets to protect themselves from further turbulence in U.S. stocks and bonds as stubborn inflation causes bets on the timing of Federal Reserve interest rate cuts to be revised. April was a washout on Wall Street, with the S&P 500 share …

Investors scour the globe for shelter as Wall Street shakes Read More »

By Ron Bousso LONDON (Reuters) -Shell has exited China’s power markets as part of CEO Wael Sawan’s drive to focus on more profitable operations, it said on Wednesday. Shell decided to exit the power value chain in China, which includes power generation, trading and marketing businesses, it said in a statement. The decision was effective …

Shell exits China power market businesses Read More »

(Reuters) -China’s Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said. While Yu becomes chairman, He Gang, the consumer business group’s chief operating officer, will take over as the unit’s CEO, the people said. …

Huawei’s high-profile consumer CEO Richard Yu shifts role Read More »

By Yoshifumi Takemoto TOKYO (Reuters) -Japan’s ruling Liberal Democratic Party (LDP) is examining the possibility of introducing measures to provide tax breaks for companies converting foreign profits into the yen, two senior party officials told Reuters. The tax holiday may be deployed as a policy tool to stem the yen’s sharp declines, incentivising firms to …

Japan’s ruling party considers tax breaks to spur yen repatriation, officials say Read More »

By Marcelo Teixeira (Reuters) – Coffee farmers in Vietnam, the world’s largest producer of robusta coffee, have sharply increased use of irrigation in the main producing regions of the country amid excessive dryness, but they are now running low on water, a report said on Monday. So far this season, many farmers have used irrigation …

Vietnam coffee farmers boost irrigation but running low on water, says report Read More »