Reuters Asia Business

By Khanh Vu and Phuong Nguyen HANOI (Reuters) – Vietnamese factories making everything from shoes to smartphones are expected to continue production despite record COVID-19 infections, reversing a policy of sweeping lockdowns last year that hobbled global supply chains for Western retailers. One of the world’s biggest garment makers, Vietnam reported more than 26,000 new …

In relief for retailers, Vietnam won’t close factories amid COVID surge Read More »

SHANGHAI (Reuters) – Standard Chartered Bank (Hong Kong) Ltd said on Monday that it has become the first foreign bank qualified as a direct participant in China’s Cross-border Interbank Payment System (CIPS) outside mainland China. Backed by the People’s Bank of China (PBOC), China launched the CIPS clearing and settlement services system in 2015 to …

Standard Chartered HK says it has qualified as direct CIPS offshore participant Read More »

TOKYO (Reuters) – Japan’s chief cabinet secretary Hirokazu Matsuno voiced hope on Monday that the central bank will continue to make efforts to accelerate inflation to its 2% target. “Specific monetary policy means falls under the jurisdiction of the Bank of Japan. We hope the BOJ continues to strive toward achieving its price goal,” Matsuno …

Japan govt spokesman voices hope BOJ will continue effort to hit inflation goal Read More »

By A. Ananthalakshmi KUALA LUMPUR (Reuters) – Ten former workers from Dyson’s biggest parts supplier, Malaysian firm ATA IMS, are claiming compensation from the home appliance maker over poor working and living conditions at ATA factories, a law firm representing them said on Friday. The ex-employees allege that “Dyson was unjustly enriched as a result …

Dyson faces claims from former workers at Malaysian supplier Read More »