(This March 5 story has been corrected to attribute a prediction to BMI, a unit of Fitch Group, and not Fitch Ratings, in paragraph 25) By Stella Qiu SYDNEY (Reuters) – BYD and other Chinese automakers are bringing new electric car models in droves to Australia, a market where they haven’t faced trade barriers and …
BYD spearheads Chinese electric car push in Australia, a friendlier market Read More »
By Makiko Yamazaki TOKYO (Reuters) – Activist fund Oasis Management is considering legal action over Taisho Pharmaceutical’s $5 billion management buyout – Japan’s largest to date – arguing that it was deeply unfair to minority shareholders. Taisho’s founding family gained 73% of the company in a tender offer in January for 8,620 yen per share …
Activist fund Oasis says it may take legal action over Taisho’s management buyout Read More »
By Gaurav Dogra (Reuters) – Foreign investors poured substantial money into Asian equities in February amid a rebound in Chinese stocks following Beijing’s rollout of reform measures and a surge in technology shares, driven by the artificial intelligence (AI) boom. Data from stock exchanges in South Korea, Taiwan, Indonesia, India, the Philippines, Thailand and Vietnam …
Asian stocks draw massive foreign funds on China’s reforms, AI surge Read More »
By Colleen Howe XIAMEN, China (Reuters) -China’s coal imports are expected to be little changed in 2024, despite expectations for an increase of 4% in demand for the polluting fuel, a senior executive of a state-run utility said on Friday. Tepid growth in shipments by the world’s top importer of the fuel could suppress global …
China coal imports seen flat in 2024, state-run utility says Read More »
TOKYO (Reuters) – Japan’s two-year government bond (JGB) yield hit a 13-year high on Friday amid growing speculation that the Bank of Japan (BOJ) could exit from its negative rate policy. The two-year JGB yield, highly sensitive to the BOJ’s short-term rate policy, rose to 0.2% earlier in the session, its highest since April 2011, …
Japan’s 2-year bond yield hits 13-year high on rising bets on BOJ policy shift Read More »
By Satoshi Sugiyama TOKYO (Reuters) – Revised data for Japan’s fourth-quarter gross domestic product will likely show that the economy avoided a technical recession thanks to companies’ stronger-than-expected spending on plants and equipment, a Reuters poll showed on Friday. October-December GDP is expected to be revised up to show an annualised expansion of 1.1%, according …
Revised Japan Q4 GDP data to show economy likely avoided recession: Reuters poll Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. House Energy and Commerce committee on Thursday unanimously approved legislation giving China’s ByteDance six months to divest from short video app TikTok or face a U.S. ban. The 50-0 vote represents the most significant momentum for a U.S. crackdown on TikTok, which has about 170 million U.S. users, …
TikTok crackdown bill unanimously approved by US House panel Read More »
By David Shepardson WASHINGTON (Reuters) -Three Senate Democrats from auto manufacturing states on Thursday urged the Biden administration to hike import tariffs on Chinese electric vehicles to address national security risks, the latest push by lawmakers to protect the U.S. auto sector. “Allowing heavily subsidized Chinese vehicles to enter the U.S. marketplace would endanger American …
Hike tariffs on Chinese EVs, Senate Democrats urge Biden administration Read More »
By David Lawder WASHINGTON (Reuters) -The International Monetary Fund’s staff is still assessing steps announced by China this week to shore up its flagging economy but welcomes Beijing’s “focus on quality and sustainable growth,” IMF spokesperson Julie Kozack said on Thursday. Kozack told a regular news briefing that IMF Managing Director Kristalina Georgieva and First …
IMF says staff assessing China’s growth steps, Georgieva to visit Beijing Read More »
LONDON (Reuters) – China’s credit rating could be cut if its economic recovery remains weak or is driven largely by extensive stimulus, S&P Global warned on Thursday. S&P last downgraded China in 2017 but rival agency Moody’s put Beijing on a downgrade warning in December, citing concerns Beijing would have to bail out more local …
Weak recovery could trigger China rating cut, S&P Global says Read More »
