BANGKOK (Reuters) – European carmaker Stellantis is interested in investing in Thailand, the largest producer and exporter of cars in Southeast Asia, Prime Minister Srettha Thavisin said on Saturday. In comments on social media platform X, Srettha said he also met officials of other companies during a visit to France, seeking to draw investment to …
Carmaker Stellantis interested in investing in Thailand, PM says Read More »
By Ryan Woo and Liangping Gao BEIJING (Reuters) -China’s consumer prices rose for the first time in six months due to spending linked to the Lunar New Year, offering some reprieve for the world’s second-biggest economy grappling with weak consumer sentiment, while factory-gate prices fell again. The consumer price index (CPI) climbed 0.7% year-on-year in …
China’s consumer prices swing up on seasonal Lunar New Year gains Read More »
By Xie Yu HONG KONG (Reuters) – U.S. asset manager Matthews International Capital Management is closing its Shanghai office, a company statement and a source with direct knowledge said, the latest withdrawal of a foreign money manager amid difficult market conditions. Other major global financial institutions, such as Morgan Stanley, have trimmed their teams, as …
U.S. asset manager Matthews shuts Shanghai office Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. government would be in a stronger legal position if lawmakers ordered China’s ByteDance to divest TikTok, rather than simply banning the short video app used by 170 million Americans, the Justice Department told Congress in a document seen by Reuters. Lawmakers and the Biden administration say TikTok poses …
TikTok divestment bill would give government stronger legal position, US DOJ says Read More »
By Foo Yun Chee and Deborah Mary Sophia BRUSSELS (Reuters) -Chinese-founded fast-fashion company Shein is set to face stricter EU online content rules after reporting a huge number of users, joining a group of companies that includes Meta Platforms, Alphabet’s Google, Elon Musk’s X and TikTok. The new rules, known as the Digital Services Act …
Shein to face tough EU online content rules as users in region soar Read More »
BRUSSELS (Reuters) – EU regulators are in contact with Shein after the Chinese fast-fashion chain reported user numbers that are likely to subject it to tough EU online content rules, the European Commission said on Friday. “We are aware of Shein’s statement of having 108 million monthly active users in the EU and are in contact …
EU regulators in talks with Shein on online content rules Read More »
(Reuters) – Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, is set to win more than $5 billion in federal grants from the U.S. government for setting up a chipmaking plant in Arizona, Bloomberg News reported on Friday. The award is yet to be finalized and it is unclear whether TSMC will tap …
TSMC to win more than $5 billion in grants for a US chip plant, Bloomberg reports Read More »
SEOUL (Reuters) – South Korea’s antitrust agency will consider imposing sanctions on Meta Platforms for allegedly failing to protect some users of online marketplaces operated by Facebook and Instagram against fraudulent transactions, news reports said on Friday. The Korea Fair Trade Commission (FTC) had investigated possible violations of the country’s e-commerce law and had sent …
South Korea regulator may sanction Meta over marketplace, say media reports Read More »
(Reuters) -Goldman Sachs Group Inc said on Friday it will exit transaction banking in Japan. The financial group will close Goldman Sachs Bank USA Tokyo Branch, whose sole purpose was to support transaction banking in Japan, it said in an emailed statement. “While remaining focused on growing transaction banking as a strategic priority, we are …
Goldman Sachs says it will exit Japan transaction banking Read More »
BEIJING (Reuters) – China’s electric vehicle sales slowed in the opening months of this year, industry data showed on Friday, with competition intensifying as market leader BYD headed a deeper round of price cuts. Sales of battery-powered EVs rose 18.2% in January-February versus 20.8% for all of 2023, showed data from the China Passenger Car …
China EV sales slow in January-February; price-cutting intensifies Read More »
