BEIJING (Reuters) -Two major cities in eastern China lifted all curbs on home purchases and selling on Monday, joining several other cities in dropping restrictions to attract buyers and revive a largely frozen property market. Jinan and Qingdao, two of the largest cities in China’s second-most populous province of Shandong, said homes in all areas …
More Chinese cities lift home-buying curbs to revive demand Read More »
By Phuong Nguyen and Francesco Guarascio HANOI (Reuters) -Executives at top U.S. and Vietnamese firms in the semiconductor, tech and aviation sectors met on Monday seeking to forge business partnerships during U.S. President Joe Biden’s visit to Hanoi which has seen new deals on on planes and AI. Senior executives from Google, Intel, Amkor, Marvell, …
US, Vietnam firms talk business during Biden visit; AI and Boeing deals unveiled Read More »
(Reuters) -The White House said on Monday that Vietnam Airlines’ deal to buy 50 737 Max jets from U.S. planemaker Boeing is worth $7.8 billion. The statement confirms the deal value that Reuters had reported on Sunday, citing a source. Reuters also previously reported Boeing’s plan to sell the jets to Vietnam Air. Boeing and …
Vietnam Air inks $7.8 billion deal for Boeing 737 max planes, White House says Read More »
By Leika Kihara TOKYO (Reuters) – Bank of Japan policymakers are increasingly talking up the need to shift away from the massive monetary stimulus of the past decade, even as growing global risks heighten concerns about a fragile economic recovery. A series of hawkish comments by BOJ speakers in recent weeks suggest the bank is …
Analysis-BOJ’s hawkish tilt suggests end to super-easy policy approaching Read More »
By Kevin Yao BEIJING (Reuters) -New bank lending in China beat expectations by nearly quadrupling in August from July’s level, as the central bank sought to shore up economic growth amid soft demand at home and abroad. While recent data showed signs of improvement in an economy that has been spluttering, analysts said more policy …
China’s Aug new bank loans jump more than expected, more policy steps expected Read More »
MANILA (Reuters) – The Philippines’ finance ministry has recommended a series of measures, including a cut in tariffs on imported rice, to curb surging retail prices that are fuelling inflation, its secretary said. The ministries of finance and economic planning are proposing a reduction in the 35% rice import tariff rates to between zero and …
Philippine ministers propose cut in rice tariffs to curb retail prices Read More »
By Brenda Goh SHANGHAI (Reuters) -China’s Alibaba Group on Sunday announced that Daniel Zhang will step down from its cloud business, in a surprise move just two months after the company said he would leave his roles as group CEO and chairman to focus on the cloud unit. Zhang had previously been concurrently serving in …
Alibaba’s outgoing CEO Daniel Zhang quits cloud business in surprise move Read More »
BEIJING (Reuters) – China’s financial regulator on Sunday reduced the risk weighting it attaches to insurance companies’ holdings of blue-chip shares and tech stocks, encouraging them to invest more in the country’s lagging stock market. The National Administration of Financial Regulation (NAFR)said on its website that the risk weighting for CSI300 Index constituents would be …
China relaxes rules for insurers to invest in stock markets Read More »
(Reuters) -Vietnam Airlines is expected to sign an initial agreement to buy about 50 Boeing 737 Max jets in a deal valued at about $7.5 billion, a person familiar with the talks told Reuters on Sunday. Wording of the impending deal, which confirms a Reuters report from last week, comes as U.S. President Joe Biden …
Vietnam Air, Boeing near $7.5 billion deal for 50 737 max planes Read More »
BEIJING (Reuters) – At least three major Chinese cities last week removed restrictions on home buying, as the Asian giant gradually rolls back a crackdown on the property sector in a bid to revive its economy. Dalian and Shenyang, two of the most populous cities in the northeastern province of Liaoning, separately announced they will …
