Reuters Asia Business

Samsung Electronics unions threaten first-ever strike, impact unclear

16 Feb 2022

By Joyce Lee SEOUL (Reuters) – Unionised workers of Samsung Electronics have threatened what would be an unprecedented strike at the tech giant if their demands for higher pay and better working conditions are not met. Union representatives held a rally on Wednesday near Samsung’s headquarters in midtown Seoul after government arbitration broke down earlier …

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Telenor investors scrutinise Myanmar sale

16 Feb 2022

By Gwladys Fouche OSLO (Reuters) – Several investors in Telenor are seeking assurances from the Norwegian telecoms company that customer data will be protected following the sale of its operations in Myanmar. Myanmar’s military rulers have given the go-ahead for a local company, Shwe Byain Phyu, to own most of Telenor’s business in the Southeast …

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Exclusive-Chinese fashion firm Shein on Singapore hiring spree as it shifts key assets there

16 Feb 2022

By Chen Lin SINGAPORE (Reuters) – China’s Shein is aggressively expanding its Singapore office after making a Singapore firm its de facto holding company, according to people with knowledge of the matter and a Reuters analysis of filings by the online fast-fashion retailer. Chris Xu, Shein’s founder and CEO, has also become a permanent resident …

Exclusive-Chinese fashion firm Shein on Singapore hiring spree as it shifts key assets there Read More »

Oil retreats from 7-year high as Russia says withdraws some troops

15 Feb 2022

By Stephanie Kelly NEW YORK (Reuters) -Oil tumbled over 3% on Tuesday, retreating from a seven-year high after Russia said some of its military units were returning to their bases after exercises near Ukraine, a move that appeared to de-escalate tension between Moscow and the West. It was not clear how many units were being …

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Dollar slips, euro gains as Russia says some troops returning to base

15 Feb 2022

By Caroline Valetkevitch NEW YORK (Reuters) – The U.S. dollar eased and the euro strengthened on Tuesday as Russia said some of its troops were returning to base after exercises near Ukraine, reducing some investor anxiety over the crisis in the region. Concern over the Russia-Ukraine standoff had driven gains in the safe-haven dollar recently. …

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EV startups hunt for an edge as big automakers roll out vans and trucks

15 Feb 2022

By Nick Carey and Ben Klayman FARNHAM, England (Reuters) – As traditional automakers prepare to churn out electric vans and trucks, startups are focused more than ever on finding a competitive or technological edge to stay on the road once their bigger rivals start moving through the gears. Spurred on by looming bans on combustion …

EV startups hunt for an edge as big automakers roll out vans and trucks Read More »

Stellantis’ Maserati to unveil new Grecale luxury SUV on March 22

15 Feb 2022

MILAN (Reuters) – Stellantis’ luxury brand Maserati said on Tuesday it would unveil its new Grecale sport utility vehicle (SUV) on March 22 after its presentation was postponed last year. The launch, initially scheduled for November, was moved to the spring of this year due to a global chip shortage. The new model will be …

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India adds 54 more Chinese apps to ban list; Sea says it complies with laws

15 Feb 2022

(Reuters) -India has blocked access to 54 mobile apps, mainly Chinese but also including Singapore-based Sea Ltd’s “Free Fire” mobile game, over security concerns, government sources said on Tuesday. Since the start of political tension with China in 2020 following a border clash, India’s ban list, which initially had 59 Chinese apps, including TikTok, has …

India adds 54 more Chinese apps to ban list; Sea says it complies with laws Read More »

China’s central bank buys net 33.3 billion yuan in FX in Jan

15 Feb 2022

BEIJING, Feb 15 (Reuters) – China’s central bank purchased a net 33.3 billion yuan worth of foreign exchange in January, according to Reuters calculations based on central bank data released on Tuesday. The following are historical data for central bank foreign exchange sales/purchases since Jan 2021, based on Reuters calculations. Month Net change (100 mln …

China’s central bank buys net 33.3 billion yuan in FX in Jan Read More »

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