JAKARTA (Reuters) – Indonesia will impose a new tax on e-cigarettes from Jan. 1, adding to an excise tax to help curb vaping, the finance ministry said on Saturday. Southeast Asia’s largest economy has set the additional tax at 10% of the excise tariff for electronic cigarettes, the ministry said in a statement. “Long term …
Indonesia to impose new tax on e-cigarettes from Jan 1 Read More »
By Suzanne McGee and Hannah Lang (Reuters) – Asset management firms hoping to be among the first to win regulatory approval to launch exchange traded funds (ETFs) tied to the spot price of bitcoin updated their filings with the Securities and Exchange Commission on Thursday and Friday, as market participants said a decision from the …
By John Shiffman and Joshua Schneyer WASHINGTON (Reuters) – Last year, a veteran Silicon Valley software executive took the helm of a startup in his native China, company records show. The startup told potential investors it would sell microchip design software that is mostly available from just a handful of large Western companies. The coveted …
U.S. wants to contain China’s chip industry. This startup shows it won’t be easy Read More »
BEIJING (Reuters) -Chinese online retailer JD.com said on Friday that it won a lawsuit against rival Alibaba, which was fined 1 billion yuan ($140.68 million) for monopolistic practices. The High People’s Court of Beijing ruled that Alibaba Group Holding Limited along with Zhejiang Tmall Network Co and Zhejiang Tmall Technology Co had abused their market …
JD.com wins antimonopoly lawsuit against Alibaba Read More »
By Inti Landauro and Roxanne Liu MADRID/BEIJING (Reuters) -Shares in Spanish pharma group Grifols soared on Friday after it agreed to sell a 20% stake in China’s Shanghai RAAS Blood Products for about $1.8 billion to Chinese home appliance company Haier Group Corporation. Grifols, which has been Shanghai RAAS’s main shareholder, will retain a stake …
Grifols shares soar after sale of 20% of Shanghai RAAS for $1.8 billion Read More »
BEIJING/SEOUL (Reuters) -All Boeing 737 MAX jets operated by Chinese carriers are back in service at the end of 2023, the U.S. planemaker’s China head said on Friday, nearly a year after they started flying following a global grounding in 2019. The best-selling Boeing model was grounded after fatal crashes in Indonesia and Ethiopia. The …
Boeing says Chinese airlines resumed operating all 737 MAXs in 2023 Read More »
(Reuters) – DBS Group Holdings said on Friday it was raising its stake in China’s Shenzhen Rural Commercial Bank in a S$376 million ($284.72 million) deal, as it looks to tap into growing opportunities in the Greater China region. DBS Bank, a unit of Southeast Asia’s largest lender, will increase its stake in the unlisted …
HONG KONG (Reuters) – Chinese property developer Guangzhou R&F Properties said on Friday that co-founder Zhang Li had resigned as chief executive officer and as a director of the company, citing “other commitments which require more of his time and dedication”. Earlier this year, 70-year old Zhang admitted bribing a former San Francisco official and …
China developer Guangzhou R&F co-founder Zhang Li resigns as CEO Read More »
BEIJING (Reuters) – China will adjust the weightings of a key yuan index basket in 2024, the country’s foreign exchange trade platform said on Friday. Starting on Jan. 1, the China Foreign Exchange Trade System (CFETS), which is overseen by the central bank, will lower the U.S. dollar’s weighting in the CFETS currency basket to …
China to adjust currency weighting in CFETS yuan basket in 2024 Read More »
By Khanh Vu HANOI (Reuters) -Vietnam’s economic growth slowed to 5.05% this year from an expansion of 8.02% last year, official data showed on Friday, weighed by weak global demand while public investment stalled amid an intensified anti-graft crackdown. This year’s gross domestic product (GDP) growth was below a government target of 6.5% and lower …
Vietnam 2023 economic growth slows to 5.05% as exports fall Read More »
