By Joe Cash BEIJING (Reuters) – China’s exports likely fell more slowly for a third consecutive month in October, a Reuters poll showed, adding to signs that the economy is stabilising even if the trade performance remains weaker than it was before Beijing removed anti-COVID curbs. Exports are expected to show a 3.3% fall in …
China’s trade slump likely eased further in October: Reuters poll Read More »
By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will meet with Chinese Vice Premier He Lifeng in San Francisco this week to try to deepen a fledgling economic dialogue between the world’s two largest economies ahead of a U.S.-hosted summit of Pacific Rim leaders. The Treasury said on Monday the Nov. 9-10 …
US Treasury’s Yellen to meet Chinese vice premier ahead of APEC summit Read More »
By Aby Jose Koilparambil (Reuters) – More developers in India are putting electric vehicle chargers in parking slots of new developments, hoping to boost the value of the property and attract more buyers in a country where the charging infrastructure can’t keep up with soaring EV sales. While EVs accounted for just 2.4% of India’s …
India developers seek to cash in on soaring EV sales with residential chargers Read More »
JAKARTA (Reuters) – Indonesia’s state food procurement company Bulog said on Monday the government is planning to set next year’s rice import quota at 2 million metric tons, down from this year’s quota of 3.8 million tons. Those imports would depend on domestic supply and demand, however, Bulog’s corporate secretary Awaludin Iqbal said. The Southeast …
Indonesia plans to set 2024 rice import quota at 2 million metric tons Read More »
TOKYO (Reuters) – Japanese telecommunications NTT will develop driverless vehicles in collaboration with Toyota Motor and invest in a U.S. startup developing self-driving systems, the Nikkei business daily reported on Monday. NTT will deliver autonomous buses and taxis by as early as 2025, the Nikkei reported, adding that it will invest about 10 billion yen …
NTT to develop driverless vehicles with Toyota, invest $67 million in startup – Nikkei Read More »
HONG KONG (Reuters) – The state-owned Assets Supervision and Administration Commission of the People’s Government of the Shenzhen Municipality (Shenzhen SASAC), a significant stakeholder in property developer China Vanke, has sufficient cash and tools to help Vanke if it faces “extreme conditions”, said a source attending a meeting of investors and financial institutions discussing the …
State asset regulator for China’s Shenzhen may help Vanke if needed – source Read More »
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s largest industrial union UA Zensen will seek a 6% total wage increase, of which 4% will be base pay hikes, at next spring’s negotiations, a union official said on Monday. Annual wage negotiations effectively kicked off on Monday and will be concluded on Jan. 23, before Japanese blue-chip …
Japan’s union group to seek 6% wage rise at next spring’s talks Read More »
BEIJING (Reuters) -One of China’s vice premiers, He Lifeng, has been appointed head of the office of the Central Financial Commission (CFC) – which is responsible for running the day to day affairs of the new regulator tasked with overseeing the country’s vast financial sector. He was also appointed as party chief of a separate …
China’s He Lifeng named to key post in Central Financial Commission Read More »
HANOI (Reuters) – Chinese solar panel maker Trina Solar is planning to invest an additional $420 million in Vietnam’s northern province of Thai Nguyen, raising its total investment in the country to nearly $900 million, the provincial government said on Sunday. Reuters in September exclusively reported that Trina, one of the world’s biggest solar panel …
China’s Trina Solar plans $420 million expansion in Vietnam Read More »
By Sam Nussey and Miho Uranaka TOKYO (Reuters) – Japanese chip materials maker JSR Corp on Monday slashed its operating profit forecast for the current financial year by 62%, citing a weak recovery in demand for semiconductors and a slowdown in the biotech market. JSR, which has agreed to be bought by a government-backed fund …
Japan’s JSR slashes profit forecast on chip recovery weakness Read More »
