By Karen Freifeld (Reuters) -President Joe Biden is expected to issue his long-awaited executive order to screen outbound investments in sensitive technologies to China early next week, according to people familiar with the matter. A White House spokesman declined to comment. The goal of the order is to prevent U.S. capital and expertise …
Biden order curbing investment to China expected next week-sources Read More »
By David Shepardson WASHINGTON (Reuters) -Hyundai Motor and Kia said on Thursday they are recalling more than 113,000 newer vehicles in North America because of fire risks and urged owners to park outside and away from structures pending repairs. The recall covers the Hyundai 2023-2024 Palisade, 2023 Tucson, Sonata, Elantra, and Kona vehicles and 2023-2024 …
Hyundai, Kia recall 113,000 vehicles in North America over fire risks Read More »
By Ross Kerber (Reuters) – A U.S. congressional examination of Chinese stock holdings in BlackRock funds built on MSCI indexes could presage a broader clampdown on U.S. institutional investment in such shares, analysts said, as Washington fears American capital could help Beijing gain military or technological advantages. Relations between the two countries are at a …
Analysis-US institutional investors could face restrictions on Chinese stock ownership Read More »
By Simon Lewis and David Brunnstrom WASHINGTON (Reuters) – The United States should extend electric vehicle tax credit benefits to Vietnam if it wants to encourage a landmark investment from the country in U.S.-based manufacturing, the head of the main U.S. business lobby for Southeast Asia said. Rules included in the U.S. Inflation Reduction Act …
US should extend EV tax benefits to Vietnam, says business lobby Read More »
BEIJING (Reuters) – Toyota and partner Pony.ai are planning to mass produce robotaxis in China, setting up a venture this year which will build cars that employ the startup’s autonomous driving technology and ride-hailing services. The two companies and GAC-Toyota, a venture between the Japanese automaker and Chinese state-owned Guangzhou Automobile Group, will invest a …
Toyota, Pony.ai plan to mass produce robotaxis in China Read More »
By Joe Cash BEIJING (Reuters) – Liquidity in China’s banking system would be kept reasonably ample, an official said during a press conference by the state planner on Friday that left investors dismayed by slow roll out of support for an economy that has lost its post-pandemic bounce. Anticipation was riding high for some positive …
China’s policymakers keep investors waiting, but give liquidity assurance Read More »
HONG KONG (Reuters) – A new home launch this week by Hong Kong property developer CK Asset at the lowest prices in seven years has shocked the market and could intensify a price war in the financial hub, realtors said. Home prices in one of the world’s most expensive property markets have retreated again since …
Hong Kong home price war could get uglier after CK Asset’s new home launch, agents say Read More »
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – The Bank of Japan’s latest policy shift would not have a major impact on Japanese banks unless there are sudden spikes in domestic bond yields, the new head of Japan’s financial regulator told Reuters on Friday. The central bank’s relaxation of its cap on bond yields …
Japan banking regulator sees no big impact from BOJ shift for now Read More »
MANILA (Reuters) – The Philippines’ biggest mining project, the Tampakan copper-gold site in Mindanao, may begin commercial operations in the last quarter of 2026 at the earliest, project developer Sagittarius Mines Inc. said on Friday. Regulatory concerns over the Tampakan project, which had been hampered by a 12-year provincial ban on open-pit mining that was …
Philippines’ Tampakan copper-gold mine may begin operations in 2026 Read More »
By Leika Kihara TOKYO (Reuters) – Japan’s economy likely grew an annualised 3.1% in April-June to mark a third straight quarter of expansion, according to a Reuters poll, helped by resilience in exports despite slowing global demand. The increase would follow an annualised 2.7% in the first quarter. On a quarter-on-quarter basis, the economy probably …
Japan’s economy to pick up in Q2 despite slowing global demand: Reuters poll Read More »
