TOKYO (Reuters) – Japan’s Canon said on Tuesday that early interest in its new lithography chipmaking machines is exceeding expectations as it makes a major push to close the gap with Dutch company ASML. ASML has become Europe’s most valuable tech company with its extreme ultraviolet (EUV) lithography machines, which use beams of light to …
Japan’s Canon says interest in new chipmaking tools exceed expectations Read More »
By Scott Murdoch, Clare Jim and Xie Yu SYDNEY/HONG KONG (Reuters) – Any liquidation of property giant Evergrande hinges on Chinese authorities recognising the ruling of a Hong Kong court, in a decision that could also affect the city’s standing as a global financial centre, legal practitioners said. A Hong Kong court on Monday ordered …
Evergrande’s fate hinges on recognition of China authorities Read More »
By Katya Golubkova, Olesya Astakhova and Yuka Obayashi TOKYO/MOSCOW (Reuters) – Inpex Corp, Japan’s top oil and gas explorer, is selling its minority stake in a Russian oil project in Siberia to Japanese trading house Itochu Corp, two people familiar with the deal told Reuters. Japan has joined Western sanctions on Moscow after it sent …
Exclusive-Japan’s Inpex selling stake in Russian oil project to Itochu, sources say Read More »
By Rajendra Jadhav and Ariba Shahid MUMBAI/KARACHI (Reuters) – Pakistan’s rice exports are likely to jump to a record high in the year ending in June as rival India’s decision to curb its own shipments forces buyers to purchase more from Islamabad, which is offering the grain at nearly 16 year-high prices. The record exports …
Indian curbs to propel Pakistan’s rice exports towards record high Read More »
SEOUL (Reuters) – Five of the Bank of Korea’s (BOK) six board members think monetary policy needs to stay restrictive for some time to bring inflation down to its 2% target as supply-side uncertainties persist, minutes of the bank’s Jan. 11 meeting showed on Tuesday. The BOK held its benchmark rate at 3.50% for an …
Most BOK board members say monetary policy needs to remain restrictive Read More »
DUBAI (Reuters) – Singaporean wealth management specialist WRISE Group has named Dhruba Jyoti Sengupta as chief executive of its Middle East operations and lead its expansion in the region, the company said on Tuesday. In his new role, DJ Sengupta will build a team at WRISE’s office in Dubai that will focus on meeting wealth …
Singapore’s WRISE picks former Citi banker DJ Sengupta to lead Middle East expansion Read More »
By Mei Mei Chu BEIJING (Reuters) – Soybean oil prices on China’s Dalian Commodities Exchange fell for a third consecutive session on Tuesday, with soymeal prices also declining as demand slowed amid growing South American supply. Soybean oil contract for May delivery fell 3.8% to a seven-month closing low of 7,204 yuan ($1,003.79) a metric …
China’s soyoil, meal futures tumble to over six-month low on slowing demand Read More »
WASHINGTON (Reuters) – Toyota Motor said on Monday it is urging the owners of 50,000 older vehicles to get immediate recall repairs because an air bag inflator could explode and potentially kill motorists. The Japanese automaker said the “Do Not Drive” advisory covers some 2003-2004 model year Corolla, 2003-2004 Corolla Matrix, and 2004-2005 RAV4s with …
Toyota warns 50,000 vehicle owners to stop driving, get immediate repairs Read More »
By David Shepardson WASHINGTON (Reuters) -The chairs of two U.S. House committees asked the Biden administration to investigate four Chinese companies they say are involved in Ford Motor’s planned Michigan battery plant, according to a letter seen Monday by Reuters. The previously unreported letter said the four Chinese companies have direct ties to the Chinese …
Lawmakers want US to probe four Chinese firms involved in Ford battery plant -letter Read More »
(This Jan. 23 story has been refiled to correct name to Diane, not Diana, in paragraph 29) (Reuters) – Stock markets in China and Hong Kong have slumped to multi-year lows this week as confidence in the world’s second-biggest economy has evaporated and foreign money has fled, while data showed sputtering growth and deepening real …
What investors are saying about China’s market meltdown Read More »
