By Tetsushi Kajimoto TOKYO (Reuters) -Japan would not rule out any measures to rein in weakness in the yen, finance minister Shunichi Suzuki said in the latest warning against speculators as the nation navigates a delicate period after last week’s historic shift away from years of easy policy. Echoing concerns from Japan’s top currency diplomat …
Japan says it won’t rule out any steps to prop up faltering yen Read More »
(Reuters) – Intel and Advanced Micro Devices could lose billions of dollars in sales if China limits the use of their chips and servers in government computers, several Wall Street analysts said on Monday. The Financial Times reported over the weekend China has introduced guidelines to phase out U.S. chips from the companies and also …
Intel, AMD sales to take hit from China curbing use of U.S. chips, analysts warn Read More »
TOKYO (Reuters) – JERA, Japan’s top power generator, said on Monday it has agreed with Exxon Mobil to jointly explore the development of a low-carbon hydrogen and ammonia production project in the United States. Exxon is developing what is expected to be the world’s largest low-carbon hydrogen production plant at its Baytown Complex east of …
JERA, Exxon to explore development of hydrogen and ammonia production project in US Read More »
(Reuters) -The United States on Monday imposed cyber-related sanctions on China-based Wuhan Xiaoruizhi Science And Technology Company Ltd, according to a notice on the U.S. Treasury Department’s website. The notice was posted after CNN reported earlier on Monday that the Biden administration was set to accuse Chinese hackers who work on behalf of China’s civilian …
US targets China-based firm under new cyber-related sanctions, Treasury website shows Read More »
By Christoph Steitz and Rene Wagner FRANKFURT/BERLIN (Reuters) – A fresh pledge by Beijing to treat foreign companies like domestic rivals drew a cool response from one of its biggest trading partners, Germany, where industries called for concrete actions rather than words to create a true level-playing field. Germany’s engagement in the world’s No.2 economy …
German industry sceptical of China’s vow to treat foreign firms equally Read More »
HONG KONG (Reuters) – Evergrande liquidators said the company, SJ and Tianji filed documents with a U.S. Court on Friday to withdraw Chapter 15 bankruptcy protection applications, the Chinese property company said in a filing to the Hong Kong Stock Exchange. Evergrande liquidators said they will make new applications under Chapter 15 of Title 11 …
By Uditha Jayasinghe COLOMBO (Reuters) – McDonald’s has ended an agreement with its local partner in Sri Lanka and all 12 outlets in the country have been closed, an attorney for the U.S. company said on Sunday. “The parent company decided to terminate the agreement with the franchisee due to standard issues,” said Sanath Wijewardane, an …
McDonald’s stores close in Sri Lanka after deal with partner ended, lawyer says Read More »
By Kevin Krolicki and Sarah Wu BEIJING (Reuters) – Xiaomi’s CEO said on Monday that his firm’s first electric vehicle aims to be the “best looking, easiest to drive and smartest car” priced below 500,000 yuan ($69,424), as the Chinese electronics maker gears up for orders this week. The company will on Thursday evening announce …
Xiaomi CEO teases price on upcoming car, showrooms begin displaying vehicle Read More »
By Daniel Leussink ATSUGI, Japan (Reuters) -Nissan Motor said on Monday it would launch 30 new models over the next three years and aim to raise its global sales by 1 million vehicles while cutting costs to improve profitability. Announcing an update to its medium-term business plan, Japan’s third-largest automaker by sales said it would …
Nissan to launch 30 new models by 2027, boost global sales volumes Read More »
BEIJING (Reuters) -Iron ore futures edged higher on Monday, supported by hopes of further recovery in demand in top consumer China and Beijing’s pledge to support its struggling property market. Gains, however, were limited as doubts lingered whether a recovery in steel demand would meet expectations, and as portside stocks still remained high. The most-traded …
Iron ore edges higher on hopes of China’s demand recovery Read More »
