JAKARTA (Reuters) – Indonesia’s finance minister “continues to carry out her duties in managing state finances,” her ministry said in a statement on Friday, amid reports she may resign from cabinet ahead of the Feb. 14 presidential election. There has been speculation that Sri Mulyani Indrawati is one of several ministers who may quit amid …
Indonesia finance minister ‘continues to carry out duties’ – ministry Read More »
By Susobhan Sarkar and Indradip Ghosh BENGALURU (Reuters) – Bank Negara Malaysia (BNM) will leave its overnight policy rate (OPR) unchanged at 3.00% on Jan. 24 and hold it there until at least end-2025 as price pressures are expected to increase and growth remains steady, a Reuters poll of economists showed. That outlook was despite …
Malaysia central bank likely to keep rates untouched until at least 2026 Read More »
SHENZHEN, China (Reuters) – China’s Huawei Technologies will not support Android apps on the latest iteration of its in-house Harmony operating system, domestic financial media Caixin reported, as the company looks to bolster its own software ecosystem. The company plans to roll out a developer version of its HarmonyOS Next platform in the second quarter …
Huawei makes a break from Android with next version of Harmony OS – Caixin Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar index climbed for a fifth straight session on Thursday after labor market data showed job growth, keeping expectations for an interest rate cut from the Federal Reserve in check. Initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 187,000 for the week ended Jan. …
Dollar gains for fifth straight session on solid labor data Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – An index of semiconductor stocks was up more than 2% on Thursday and chip stocks were helping the broader market after Taiwan Semiconductor Manufacturing cited strong demand for high-end chips used in artificial intelligence (AI). U.S.-listed shares of the world’s largest contract semiconductor maker, which also forecast more …
US semiconductor index jumps as TSMC signals strong AI chip demand Read More »
By Marco Aquino and Adam Jourdan CHANCAY, Peru (Reuters) – In September, a group of Brazilian farmers and officials arrived in the Peruvian fishing town of Chancay. The draw: a new Chinese mega port rising on the Pacific coast, promising to turbo charge South America’s trade ties with China. The $3.5 billion deep water port, …
China widens South America trade highway with Silk Road mega port Read More »
JAKARTA (Reuters) – Indonesia has allowed three Boeing 737 MAX 9 planes to fly again after grounding them, as they have different configurations from a jet that was forced to make an emergency landing in the United States on Jan. 5, its transport ministry said on Thursday. A cabin panel broke off a new Boeing …
Indonesia allows Boeing 737 MAX 9 planes to fly again after checks Read More »
TOKYO (Reuters) -Japanese homebuilder Sekisui House said on Thursday it has struck a deal to buy Denver-based builder MDC Holdings <MDC.N> for about $4.95 billion in cash, to become the fifth-biggest homebuilder in the United States. Sekisui said in a statement it would pay $63 per share in MDC, about a 19% premium to MDC’s …
Japan’s Sekisui House to buy US homebuilder MDC for $4.95 billion Read More »
WASHINGTON (Reuters) – U.S. Treasury and Chinese Finance Ministry officials started a two-day meeting in Beijing on Thursday to discuss financial stability and capital markets issues between the two economic powers, deepening an engagement revived last year. A U.S. Treasury official said the meeting, the first in-person meeting in China of the new group, was …
US, Chinese finance officials open meetings in Beijing Read More »
SHANGHAI (Reuters) -Tesla China is to launch a nationwide tour to showcase its flagship Cybertruck pickup in its second-largest market, the company said on Chinese social media messaging site Wechat on Thursday. The U.S. automaker did not give dates. Tesla CEO Elon Musk posted on the X platform on Sunday that the company could ship …
