By Toby Sterling AMSTERDAM (Reuters) -Dutch Prime Minister Mark Rutte and Chinese President Xi Jinping will next week discuss whether ASML can continue to service billions of euros worth of computer chip equipment it has sold to Chinese customers, people familiar with the matter told Reuters. The Dutch government said in a statement Rutte’s visit …
Dutch PM to meet China’s Xi amid doubts on ASML tool licenses Read More »
By Daniel Leussink and Tom Bateman TOKYO (Reuters) – In the coming years, Satoaki Kanoh needs to replace almost a dozen ageing machines at his Tokyo-based maker of acrylic panels, a major undertaking that he worries will become even more expensive. “Ideally, I’d like to do one a year. But I don’t have that much …
Japan braces for life with interest rates after historic change Read More »
TOKYO (Reuters) – Japan’s government will continue to work closely with the Bank of Japan to conduct policy flexibly and beat deflation, a government report said on Friday. The government also said it will “mobilize all possible policy means to transform the economy into a new growth-oriented economy,” according to the monthly report by the …
Japan’s government says it will keep working closely with BOJ to beat deflation Read More »
HONG KONG (Reuters) – China’s Longfor Group said on Friday it has set sufficient funds aside to repay a 1.5 billion yuan ($208 million) bond maturing in May, and it plans to raise more money through domestic bank loans and state-guaranteed bonds this year. Longfor, China’s second-largest private property developer, has 6 billion yuan of …
China property firm Longfor says it can make May bond payment but profit halves Read More »
By Tetsushi Kajimoto TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country’s largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up …
Japan’s union group Rengo announces biggest wage hikes on record Read More »
By Casey Hall (Reuters) -Chinese food delivery giant Meituan posted on Friday a bigger-than-expected 22.6% rise in quarterly revenue, defying a slowing Chinese economy. Meituan – which has an app that provides services ranging from bike-sharing to ticket-booking and maps – reported revenue in the quarter to Dec. 31 of 73.7 billion yuan ($10.20 billion), …
Meituan Q4 revenue rises 22.6%, beats expectations Read More »
SHANGHAI (Reuters) -China’s yuan declined to a four-month low against the dollar on Friday, breaching a key threshold and prompting state-owned banks to step in to defend the currency. In the spot market, the onshore yuan fell to the weak side of the psychologically important 7.2 per dollar level to hit a low of 7.24, …
China yuan slides to four-month low, state banks step in Read More »
SHANGHAI (Reuters) – Chinese semiconductor-related companies pulled out all the stops at one of the country’s largest chip-sector fairs this week to pitch domestic buying, echoing Beijing’s call to galvanize support for an industry facing growing geopolitical strains. The message was plastered across booths and marketing materials of a variety of companies, from chip equipment …
At major China chip fair, firms ramp up call to buy domestic Read More »
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said the central bank will eventually scale back bond purchases and allow market forces to set long-term interest rate moves, signalling his resolve to move steadily towards normalising ultra-loose monetary policy. The BOJ ended eight years of negative interest rates and other remnants of …
BOJ’s Ueda eyes future drop in bond buying in sign of steady policy exit Read More »
(Reuters) – Foreign investors continued to accumulate Japanese bonds for the third straight week ahead of a pivotal move by the Bank of Japan (BOJ) to exit negative interest rates after 17 years. They pumped in a massive 2.16 trillion yen ($14.26 billion) into long-term Japanese bonds on a net basis last week, the biggest …
Foreigners big buyers of Japanese bonds ahead of BOJ decision Read More »
