BEIJING (Reuters) – Citi on Thursday raised its forecast for China’s 2024 economic growth to 5.0% from 4.6%, citing “recent positive data and policy delivery”. (Reporting by Ryan Woo; Editing by Kim Coghill)
By Leika Kihara and Rocky Swift TOKYO (Reuters) -Japan continued its jawboning on Thursday to stave off further yen declines, with the government’s top spokesperson renewing a warning that Tokyo would not rule out any options to counter excessive currency moves. Chief Cabinet Secretary Yoshimasa Hayashi did not specify whether the options included yen-buying intervention, …
Japan repeats verbal warning to yen bears, BOJ keeps dovish tone Read More »
By David Shepardson and Jack Kim NEW YORK/SEOUL (Reuters) -Hyundai Motor Group said on Wednesday it will invest 68 trillion won ($51 billion) over three years in South Korea to ramp up electric vehicle production and new mobility business and separately hire 80,000 new employees, doubling down at a time when other established automakers are …
Hyundai Motor doubles down on EVs as it ramps up investment in Korea Read More »
By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday she intends to warn China about the negative effects of Beijing’s subsidies for its clean energy industries, including solar panels and electric vehicles (EVs), during a visit to the country. “I intend to talk to the Chinese when I visit about overcapacity …
Yellen to warn China on clean energy subsidies, excess production capacity Read More »
By Xie Yu and Scott Murdoch HONG KONG/SYDNEY (Reuters) -Country Garden has hired Kroll to carry out a liquidation analysis ahead of a court hearing in mid-May, according to three sources, as the embattled Chinese developer pushes ahead with its offshore debt restructuring plan. China’s biggest private developer is facing a liquidation petition for non-payment …
China’s Country Garden hires Kroll to carry out liquidation analysis, sources say Read More »
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s three main monetary authorities held an emergency meeting on Wednesday to discuss the weak yen, and suggested they were ready to intervene in the market to stop what they described as disorderly and speculative moves in the currency. In a sign of growing urgency to put a floor …
Japanese authorities confer on weak yen, hint at intervention option Read More »
By Alexandra Alper and Karen Freifeld WASHINGTON (Reuters) – The United States is asking allies to stop domestic companies from servicing certain chipmaking tools for Chinese customers, a U.S. commerce department official said on Wednesday, as it ramps up efforts to hobble China’s chipmaking capabilities. “We are working with our allies to determine what is …
US urges allies to bar firms from servicing key chipmaking tools for China Read More »
By Julian Luk and Divya Rajagopal LONDON/TORONTO (Reuters) -Executives from Canadian miner First Quantum Minerals met with Chinese government officials last week to discuss funding and business options involving top investor Jiangxi Copper Co, three sources with knowledge of the matter said. The talks in Jiangxi province included topics such as the potential for state-run …
Exclusive-First Quantum execs discuss investment, disputed copper with Chinese officials Read More »
By Joe Cash BEIJING (Reuters) – China’s President Xi Jinping met American business leaders at the Great Hall of the People in Beijing on Wednesday, as the government tries to woo back foreign investors and international firms seeking reassurance about the impact of new regulations. Beijing wants to boost growth of the world’s second largest …
China’s President Xi meets US executives in Beijing as investment wanes Read More »
(Reuters) – Companies are responding to disruptions to shipping on the shortest route between Europe and Asia. Attacks in the Red Sea region by Houthi militants in Yemen have prompted several shipping companies to reroute vessels. Below are details on how companies in various sectors are responding: AUTOS ** GEELY: China’s second-largest automaker by sales, …
Factbox-How companies are responding to attacks on ships in the Red Sea Read More »
