By Heekyong Yang SEOUL (Reuters) -Samsung Electronics plans to use a chip making technology championed by rival SK Hynix, five people said, as the world’s top memory chipmaker seeks to catch up in the race to produce high-end chips used to power artificial intelligence. The demand for high bandwidth memory (HBM) chips has boomed with …
By Leika Kihara TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said the ongoing annual spring wage negotiations between companies and unions are critical in deciding when to phase out its massive stimulus programme. The central bank will consider tweaking its policy framework that comprises a negative interest rate, bond yield control and other …
BOJ views wage talks as key to timing of stimulus exit, Ueda says Read More »
By Fransiska Nangoy JAKARTA (Reuters) – Indonesia’s incoming president, Prabowo Subianto, has pledged to continue predecessor Joko Widodo’s nickel “downstreaming” policy but faces the task of reducing oversupply while pushing to strengthen the processing industry, his advisers say. Prabowo, said by independent pollsters to have won the Feb. 14 election, has said he will pursue …
Amid nickel glut, Indonesia’s next president vows to keep ‘downstreaming’ policy Read More »
By Liangping Gao and Marius Zaharia BEIJING/HONG KONG (Reuters) – Chased by debt collectors over a mortgage delinquency in a southern Chinese city, former finance worker Lei Xiaoyu no longer answers her phone as she tries to delay the inevitable. “It’s my only house and I don’t want it foreclosed. But what can I do?” …
Rising mortgage defaults bring more pain to Chinese households Read More »
By Tom Westbrook SINGAPORE (Reuters) – Barely weeks after Japanese stocks broke three-decade highs, the country’s financial markets are hurtling toward another phenomenon not seen for the best part of a generation: rising interest rates. Bankers are attending remedial classes on what to do when rates move and trading rooms are setting up for moribund …
Analysis-In Japan, rate rises herald a new era for financial markets Read More »
By Ana Mano and Roberto Samora SAO PAULO (Reuters) -The Brazilian government has said 38 additional meat plants have been cleared to sell products to China in what it hailed as an historic move as both countries celebrate 50 years of diplomatic relations, according to a statement on Tuesday. China is the main destination for …
Brazil says China clears 38 more meat plants for export Read More »
(Refiles to remove extraneous text in headline) By Alexandra Alper WASHINGTON (Reuters) – Intel has survived an effort to halt hundreds of millions of dollars’ worth of chip sales to Huawei, two people familiar with the matter said, giving one of the world’s largest chipmakers more time to sell to the heavily sanctioned Chinese telecoms …
Intel survived bid to halt millions in sales to China’s Huawei, sources say Read More »
(Reuters) – Tesla’s expansion into Southeast Asia is a priority, a senior executive said on Tuesday, highlighting the fast-growing market where the U.S. electric-vehicle maker faces competition from China’s BYD. The region has emerged as one of the hottest EV markets in recent years and could offer Tesla a large customer base at a time …
Tesla official talks up Southeast Asia expansion as China’s BYD pulls ahead Read More »
MILAN (Reuters) – Automaker Toyota Motor Corp became the most shorted large-cap stock by hedge funds in the Asia Pacific region in February, overtaking Takeda Pharmaceutical, a report from treasury management and securities finance platform Hazeltree showed on Tuesday. A short trade is a bet on a company’s stock price falling. U.S. electric carmaker Tesla …
Toyota becomes Asia’s most shorted large-cap stock – Hazeltree Read More »
By Sarah Wu and Qiaoyi Li BEIJING (Reuters) -Xiaomi will this month start deliveries of its first electric vehicle (EV) in China, it said on Tuesday, venturing into the world’s largest auto market at a time of aggressive price competition. The smartphone maker, China’s fifth-largest, said in a Weibo post that 59 of its stores …
China’s Xiaomi to start first EV deliveries this month Read More »
