By Amanda Cooper LONDON (Reuters) -Investors in Japan’s yen have jumped at what they see as the clearest sign yet from the country’s monetary authorities that the end of ultra-low interest rates is fast approaching, opening the floodgates to a rush of buyers. The yen surged over 2% to a multi-month high against the dollar …
Analysis-Yen bulls spy a ray of hope in BOJ policy hint Read More »
SHANGHAI (Reuters) – Global investment banks see the yuan facing continued downside pressure in the first half of 2024 before turning around over the following six months on views that the U.S. Federal Reserve will begin to cut interest rates by then, forecasts show. With China’s economic recovery sputtering and the U.S. dollar surging until …
Factbox-Global investment banks see yuan recovery in second half of 2024 Read More »
BEIJING (Reuters) – China-Russia trade hit $218.2 billion during January-November, Chinese customs data showed on Thursday, achieving the goal that had been set by the two countries in 2019 a year ahead of schedule. The two-way trade value in the first 11 months also surpassed the total for all of 2022, according to the data …
By Joe Cash BEIJING(Reuters) -China’s exports grew for the first time in six months in November, suggesting factories in the world’s second-largest economy are attracting buyers through discount pricing to get over a prolonged slump in demand. Mixed manufacturing data for November has kept alive calls for further policy support to shore up growth but …
China’s exports grow for first time in 6 months in relief for factories Read More »
JAKARTA (Reuters) – Indonesia has drafted ethics guidance for developers using artificial intelligence (AI) to prevent potential misuse of the new technology, a ministerial draft showed. “AI-based programming activities need to be predicated on the ethics governing its use and development,” according to the draft produced by Indonesia’s communications ministry. The draft said the guidance …
Indonesia prepares ethics guidance for AI developers – draft Read More »
BANGKOK (Reuters) – Thailand’s Prime Minister Srettha Thavisin on Thursday said he showed Tesla executives around industrial estates in the country last week for potential investment. “I went out of my way to entertain them so they would fall in love with Thailand …. they are looking for 2,000 rai (320 hectares) of land,” Srettha …
Tesla executives looked at industrial estates in Thailand – PM Read More »
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Thursday he told Prime Minister Fumio Kishida the central bank will scrutinise the strength of domestic demand and next year’s wage outlook in guiding monetary policy. While the meeting was a regular exchange of views held about once every …
BOJ chief meets premier Kishida, explains focus on wages, demand Read More »
By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Asian equities attracted substantial foreign investment in November, signalling the prospects of continued inflows next year, bolstered by a decrease in U.S. Treasury yields and rising optimism for potential Federal Reserve rate cuts. According to data from stock exchanges across Taiwan, South Korea, India, Indonesia, the Philippines, …
Robust Nov foreign inflows in Asian equities signal positive outlook for 2024 Read More »
By Michael Martina WASHINGTON (Reuters) -U.S. utility company Duke Energy said on Wednesday it had disconnected large-scale batteries made by Chinese company CATL from North Carolina Marine Corps base Camp Lejeune after lawmakers and experts raised concerns about the battery supplier’s close links to China’s ruling Communist Party. A number of Republican and Democratic lawmakers …
Duke Energy disconnects CATL batteries from Marine Corps base over security concerns Read More »
(Reuters) – Chinese electric vehicle (EV) maker Nio Inc may undertake further job cuts after the company announced plans to cut 10% of its workforce last month, Bloomberg News reported on Thursday, citing people familiar with the matter. Some departments were asked to prepare reserve lay-off lists, which may widen the original dismissals to 20% …
EV maker Nio considers more job cuts after shedding 10% staff – Bloomberg News Read More »
