(Reuters) – The British government has signed a partnership with Singapore to grow its economy and enhance shared security, Downing Street said on Friday, adding it was the UK’s first treaty since leaving the European Union. British Prime Minister Rishi Sunak will meet Singaporean counterpart Lee Hsien Loong at the G20 Summit in India to …
UK, Singapore partner to boost economic growth, strengthen security Read More »
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said the central bank could end its negative interest rate policy when achievement of its 2% inflation target is in sight, the Yomiuri newspaper reported on Saturday, signalling possible interest rate hikes. The central bank could have enough data by year-end to determine whether …
BOJ head Ueda signals chance of ending negative rates – Yomiuri Read More »
(Reuters) – China’s Gotion High-tech Co Ltd will set up a $2 billion electric vehicle (EV) lithium battery manufacturing plant in Manteno, Illinois that would create about 2,600 new jobs, the state governor’s office said on Friday. Global EV battery makers and automakers have been eyeing the North American market for setting up new manufacturing …
China’s Gotion to set up a $2 billion lithium battery plant in Illinois Read More »
MOSCOW (Reuters) – The price for the Russian pipeline gas for China is expected to be steadily declining in next few years, and is seen much lower than Moscow is selling to Europe, a Russian government document, seen by Reuters on Friday, shows. Oil exports from Russia are also seen declining next year, according to …
Russia gas price seen much lower for China than for Europe -document Read More »
By Echo Wang and Anirban Sen NEW YORK (Reuters) – Arm Holdings Plc, the chip designer owned by SoftBank Group Corp that is seeking roughly $5 billion in its stock market debut, has seen investor demand that is six times the amount it is asking for, people familiar with the matter said on Friday. While …
SoftBank’s Arm IPO six times oversubscribed -sources Read More »
BEIJING (Reuters) – China’s securities regulator said on Friday it recently held a meeting with domestic and overseas investors including Temasek, Bridgewater and Blackrock. They discussed views on the current macroeconomic situation, ways to boost investor confidence and suggestions on promoting the balance of investment and financing in the capital market, the China Securities Regulatory …
China securities regulator meets with Temasek, Bridgewater, other investors Read More »
TAIPEI (Reuters) – Taiwan’s exports dropped for the 12th consecutive month in August but less sharply than expected, and may return to growth in September ahead of the year-end holiday shopping season, the finance ministry said on Friday. August exports dropped 7.3% in value from a year earlier to $37.36 billion, the ministry said, the …
Taiwan August exports fall less than expected, growth seen resuming Read More »
BEIJING/SHANGHAI (Reuters) – China’s passenger vehicle sales returned to growth in August from a year earlier, as further price cuts and new tax breaks for electric vehicles and other green cars boosted consumer sentiment, despite the struggling broader economy. Buoyed by hefty discounts, Tesla’s share of China’s electric vehicle (EV) market almost doubled in August …
China car sales return to growth in Aug, Tesla nearly doubles EV share Read More »
By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) – Billionaire Mukesh Ambani’s Reliance Industries has begun exploring a foray into semiconductor manufacturing, a move that could address its supply chain needs and cater to growing chip demand in India, two people familiar with its strategy said. The telecoms-to-energy conglomerate, encouraged by the Indian government, …
By Josh Ye HONG KONG (Reuters) – Ant Group unveiled a finance-specific artificial intelligence (AI) model on Friday and started testing consumer and professional apps for the product, joining a crowded race to deploy AI in heavily regulated China. The foray by Ant into financial AI is notable as the company founded by billionaire Jack …
China’s Ant Group unveils finance AI model as race heats up Read More »
