Reuters Asia Business

By Yantoultra Ngui SINGAPORE (Reuters) – Apple Inc plans to invest more than $250 million to expand its regional campus or operations in Ang Mo Kio, Singapore, according to a company statement dated April 17. Two buildings acquired in 2022, located across from Apple’s existing offices, will undergo a major upgrade, the U.S. technology giant …

Apple plans to invest more than $250 million to expand Singapore campus Read More »

WASHINGTON (Reuters) – French Finance Minister Bruno Le Maire said on Wednesday that Europe needs to “show its teeth” in defending its industrial and trade interests against China’s subsidized production, but said he did not want to start a trade war. Le Maire also told reporters on the sidelines of International Monetary Fund and World …

French finance minister says Europe must defend industrial interests against China Read More »

(Reuters) -Germany and China have signed a joint declaration to cooperate on autonomous and connected driving which Germany hopes will enable carmakers to transfer data from China to Germany, a contentious topic for foreign businesses in China. The two countries will work together to develop shared standards and rules for how to manage the data …

Germany, China sign joint declaration on car data sharing Read More »

By Leika Kihara WASHINGTON (Reuters) – Japan and the United States agreed to closely communicate on currency markets, Japanese Finance Minister Shunichi Suzuki said on Wednesday after a meeting with U.S. Treasury Secretary Janet Yellen. “I explained Japan’s view, which is that it’s desirable for exchange rates to move stably, reflecting fundamentals, and that Japan …

Japan, US finance chiefs agree to closely communicate on FX Read More »

By Asif Shahzad ISLAMABAD (Reuters) -Pakistan’s interior ministry said on Wednesday it had blocked access to social media platform X around the time of February’s election on national security concerns, confirming a long-suspected shutdown. Users in Pakistan have reported problems using X, formerly known as Twitter, since mid-February, but the government had made no official …

Social media platform X blocked in Pakistan over national security, ministry says Read More »

By Leika Kihara WASHINGTON (Reuters) -Finance leaders from the United States, Japan and South Korea agreed to “consult closely” on foreign exchange markets in their first trilateral meeting on Wednesday, nodding to concern by Tokyo and Seoul over their currencies’ recent sharp declines. The agreement in their first trilateral meeting came as receding expectations of …

US, Japan, Korea agree to consult on FX as yen, won slide Read More »

By Leika Kihara WASHINGTON (Reuters) -Bank of Korea (BOK) Governor Rhee Chang-yong said on Wednesday authorities have the resources and tools to smooth out any volatile moves in the country’s currency, signaling readiness to intervene in the market to shore up the won. Rhee also said an expected delay in the U.S. interest rate cut …

Bank of Korea chief signals readiness to deal with volatile currency moves Read More »

TAIPEI (Reuters) – Taiwan’s Foxconn has this month started a rotating chief executive system in an overhaul of its management designed to nurture successors of the world’s largest contract electronics maker, chairman Young Liu said on Wednesday. Reuters exclusively reported last week that major Apple supplier Foxconn was considering introducing a rotating chief executive system …

Apple supplier Foxconn introduces rotating CEO role Read More »