By Stephen Nellis (Reuters) – Arm Holdings on Wednesday released a new set of blueprints for making chips that it says could cut the time required to develop data center processors to less than a year. Arm, whose underlying technology is widely used in the semiconductor industry and powers virtually every smartphone in the world, …
New Arm offering to speed creation of custom data center chips Read More »
By Alexandra Alper and Karen Freifeld WASHINGTON (Reuters) -The Biden administration is turning up the heat on China’s top sanctioned chipmaker by cutting off its most advanced factory from more American imports after it produced a sophisticated chip for Huawei’s Mate 60 Pro phone, three people familiar with the matter said. Late last year, the …
Exclusive-US targets China’s top chipmaking plant after Huawei Mate 60 Pro, sources say Read More »
By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) -HSBC Holdings on Wednesday reported a shock $3 billion charge on its stake in a Chinese bank amid mounting bad loans in the country, sending the British bank’s shares plunging and taking the shine off its record annual profit. HSBC’s shares slid as much as 8% …
HSBC’s shares slide as $3 billion China bank hit mars record profit Read More »
TOKYO (Reuters) – Japan’s government downgraded its view on the economy in February for the first time in three months on sluggish consumer spending, suggesting a bumpy path out of a recession in the face of slow wage recovery and lackluster industrial output. The government also slashed its assessment on consumer spending for the first …
Japan downgrades view of economy on sluggish consumer spending Read More »
BEIJING (Reuters) – Officials have started drafting China’s private economy promotion law and the legislative process will be speeded up, state-run CCTV reported on Wednesday. (Reporting by Ellen Zhang and Ryan Woo; Editing by Andrew Heavens)
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) -Indonesia’s central bank kept policy rates steady on Wednesday, as expected, and maintained that it would likely have room to cut borrowing costs in the second half of the year, despite market predictions of an earlier easing. Growth in Southeast Asia’s largest economy fell slightly last year …
Bank Indonesia holds rates, keeps tips for cut in second half Read More »
By Lisa Barrington, Brenda Goh and Joe Brock SINGAPORE (Reuters) -A warning from home carrier Singapore Airlines that ticket prices were coming under pressure as costs are also rising sent its shares down nearly 10% on Wednesday, casting a shadow over the Singapore Airshow. The Asian airline’s biggest one-day share price plunge since the global …
Singapore Airlines outlook warning casts a shadow over air show Read More »
TOKYO (Reuters) -Japan welcomed more than 2 million visitors for an eighth consecutive month in January, official data showed on Wednesday, setting the stage for a potential record year for tourism. The number of foreign visitors for business and leisure was 2.69 million last month, down slightly from 2.73 million in December, data from the …
Japan sees 2.69 million visitors in January, matching 2019’s record pace Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s inflation is expected to return to the government’s 5% target starting from the last two quarters of the year, a Central Bank of Sri Lanka (CBSL) official said on Wednesday, as the economy stabilises from a crippling financial crisis. The economy has shown signs of recovery in …
Sri Lanka inflation to reach 5% during Q3-Q4 – cenbank official Read More »
By Arriana McLymore, Casey Hall and Lisa Barrington NEW YORK/SHANGHAI (Reuters) – The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as they increasingly vie for limited air-cargo space to woo consumers with rapid transit times, more than ten industry sources said. Shein, PDD …
Rise of fast-fashion Shein, Temu roils global air cargo industry Read More »
