By Leika Kihara TOKYO (Reuters) – The Bank of Japan is on the verge of ending eight years of negative interest rate policy, as historical wage hikes heighten prospects for inflation to sustainably hit its 2% target. But its nine-member board likely remains divided on how much support the fragile economy will need to sustain …
By Elizabeth Howcroft LONDON (Reuters) -Aviva has completed the sale of its stake in Singapore Life Holdings, plus two debt instruments, for a combined 937 million pounds ($1.19 billion), the British insurer said in a statement on Monday. Aviva announced in September that its 25.9% stake and the two debt instruments would be sold to …
Aviva sells Singlife joint venture stake for $1.2 billion Read More »
BEIJING (Reuters) – Chinese drone maker EHang Holidings has started selling its EH216-S model flying taxi on Taobao for 2.39 million yuan ($332,060), Reuters checks showed on Monday. EHang gained safety approval certification from China’s aviation authority in October. ($1 = 7.1975 Chinese yuan renminbi) (Reporting by Beijing newsroom; Editing by Kim Coghill)
By Sam Nussey, Fanny Potkin and Miho Uranaka TOKYO (Reuters) -Taiwan’s TSMC is looking at building advanced packaging capacity in Japan, according to two sources familiar with the matter, a move that would add momentum to Japan’s efforts to reboot its semiconductor industry. The deliberations are at an early stage, they added, declining to be …
Exclusive-TSMC considering advanced chip packaging capacity in Japan, sources say Read More »
By Dhwani Pandya and Praveen Paramasivam ORAGADAM, India (Reuters) – Land is getting hard to find in a sprawling industrial park in southern India where workers are scrambling to build modern new warehouses and factories for companies betting on the country’s economic boom or diversifying their supply chains beyond China. “It is one of the …
Warehouse developers bet on India as companies look beyond China Read More »
CAPE TOWN (Reuters) – Chinese oil major CNOOC is sending a group of senior executives to Angola for talks on oil exploration opportunities, the Angolan oil and gas ministry said on Sunday. Angola left oil producer group OPEC in December and wants to strengthen energy relations with China, a major creditor and key oil export …
Chinese oil major CNOOC to begin talks on Angola oil exploration Read More »
BEIJING (Reuters) – Chinese electric-vehicle (EV) maker Xpeng announced plans to launch a cheaper brand, entering a highly competitive segment amid an intense price competition in the EV industry. Models of the brand, to be launched within the next month, will be priced between 100,000 yuan and 150,000 yuan ($14,000-$21,000), Xpeng Chairman and CEO He …
Xpeng to launch cheaper EV brand amid fierce China price competition Read More »
SHANGHAI (Reuters) – Huawei said that a shortage of semiconductors and factory relocation issues that had delayed production and deliveries of its Luxeed S7 sedan should be resolved from next month, local media outlet Cailianshe reported on Saturday. It quoted Huawei managing director and chairman of its smart car solutions, Richard Yu, who was speaking …
Huawei says Chery’s Luxeed S7 delays will be resolved in April Read More »
SHANGHAI (Reuters) – Chinese police said on Saturday they had taken “criminal coercive measures” against company executives at Chinese wealth manager Zhongzhi Enterprise Group and related suspects, and that the recovery of “stolen goods” was underway. The Chaoyang Public Security Bureau announced the development in its probe on its WeChat account. It launched its investigation …
Chinese police take ‘measures’ against staff at Zhongzhi Read More »
(This March 14 story has been corrected to remove an incorrect company code and specify Chan’s intentions about buying resorts in paragraph 9) By Mariko Katsumura and Rocky Swift TOKYO (Reuters) – Patience Capital Group, the Singapore-based investor behind a $1.42 billion luxury ski project in northern Japan, is in talks to reopen its fund …
Singapore’s PCG to reopen fund for luxury Japan ski resort as weak yen beckons Read More »
