By Leika Kihara and Takahiko Wada TOKYO/SHIMONOSEKI, Japan (Reuters) -Bank of Japan policymaker Hajime Takata on Wednesday ruled out an early exit from negative interest rates, while also saying that he saw signs the public’s deflationary mindset is beginning to change. Inflation has exceeded the central bank’s 2% target for more than a year, prompting …
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MUNICH (Reuters) – China’s industrial policy adviser and “father of EVs” Wan Gang said efficient batteries, better EV architectures and intelligent driving systems were key to scaling up EVs, calling for international collaboration on research and standards. Speaking at China’s World New Energy Vehicle Congress taking place in Munich, Wan, a former science minister widely …
China’s ‘father of EVs’ urges cooperation on EV scaleup Read More »
By Josh Ye HONG KONG (Reuters) -China’s internet giant Tencent Holdings teased the launch of an artificial intelligence (AI) chatbot on Wednesday through a social media post as a race among Chinese firms to develop such tech heats up. The Shenzhen-based company published a post on WeChat on Wednesday to drum up hype for a …
China’s Tencent teases launch of AI chatbot as craze gathers pace Read More »
By Scott Murdoch and Yantoultra Ngui SYDNEY (Reuters) -At least two Asia Pacific banks, led by Commonwealth Bank and DBS Group, have aggressively tapped U.S dollar bond markets to raise $4.75 billion in separate transactions, according to term sheets seen by Reuters. CBA, which is Australia’s largest bank by market capitalisation, raised $3.25 billion in …
Asian banks tap US dollar bond markets for $4.75 billion Read More »
SEOUL (Reuters) – South Korea should maintain current, restrictive monetary and fiscal policies as it needs to take steps to return to sustainable finances and address inflation, the International Monetary Fund (IMF) said on Wednesday. “The monetary policy rate should stay above neutral for the time being to address inflation, with the interest rate path …
South Korea should maintain current monetary, fiscal policies, IMF says Read More »
BEIJING (Reuters) – Tesla’s Shanghai factory achieved on Wednesday the milestone of 2 million cars produced, according to the company’s WeChat account. (Reporting by Beijing newsroom; Editing by Muralikumar Anantharaman)
BEIJING (Reuters) -Chinese state-owned semiconductor conglomerate Tsinghua Unigroup plans to accelerate its international expansion, with Southeast Asia an important target region, its chairman, Li Bin, said on Wednesday. Tsinghua Unigroup operates three factories in Indonesia, Malaysia and Singapore, Li told a forum in the Indonesian capital, Jakarta, on the sidelines of a regional summit, and …
Tsinghua Unigroup to expand globally, SE Asia a target – chairman Read More »
By Ben Blanchard TAIPEI (Reuters) -TSMC, the world’s largest contract chipmaker, will decide this week whether to invest in chip designer Arm Holdings’ blockbuster initial public offering (IPO), Chairman Mark Liu said on Wednesday. Speaking on the sidelines of the SEMICON Taiwan summit, Liu said his company was still evaluating the matter and, when pressed …
TSMC to decide this week whether to invest in Arm IPO Read More »
By Emily Chow SINGAPORE (Reuters) -Global liquefied natural gas (LNG) prices have reduced significantly but are still high on a historical basis, resulting in demand destruction, particularly in parts of Asia, a senior executive at Shell said on Wednesday. Market sentiment has improved over the last year, but conditions are still potentially fragile, Steve Hill, …
GASTECH: LNG prices lower but still high on historical basis -Shell exec Read More »
STOCKHOLM (Reuters) – TikTok has hired British cybersecurity firm NCC to audit its data controls and protections, and provide independent verification, as part of the social media company’s data security regime, nicknamed “Project Clover”. Several government bodies have banned TikTok from staff phones due to growing concerns about the company, which is owned by Chinese …
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