By Joyce Lee SEOUL (Reuters) -From Intel to Samsung, global chipmakers are celebrating the beginning of the end of a semiconductor supply glut, but the outlook for demand from customers outside the artificial intelligence (AI) industry remains gloomy. All the major markets for chips – smartphones, PCs and data centres – have shrunk this year, …
Chipmakers signal supply glut easing but demand recovery still slow Read More »
TOKYO (Reuters) – A Japanese government panel recommended on Friday that the national average minimum wage be raised by 41 yen ($0.29) an hour to 1,002 yen, the biggest hike ever in value terms, as Prime Minister Fumio Kishida makes wages a key focus of his policies. The health ministry panel’s annual recommendation serves as …
Japan set for largest ever minimum wage hike after panel proposal Read More »
By Sarita Chaganti Singh NEW DELHI (Reuters) – China’s BYD has told its India joint-venture partner it would shelve plans for a new $1-billion investment to build electric cars after its investment proposal faced scrutiny from New Delhi, two people with knowledge of the discussions said. BYD and its partner, privately held Megha Engineering and …
Exclusive-BYD tells India partner it wants to drop $1 billion EV investment plan-sources Read More »
TOKYO (Reuters) – Toyota Motor Corp said on Friday it will sell around a 250 billion yen ($1.80 billion) stake in KDDI Corp, part of a fundraising effort to accelerate vehicle electrification. The world’s largest automaker by sales last month unveiled sweeping plans to improve the driving range and cut costs of future electric vehicles, …
Toyota says to sell $1.8 billion worth of KDDI shares Read More »
By Jeanny Kao and Faith Hung TAIPEI (Reuters) -Taiwan’s export-dependent economy returned to growth in the second quarter, helped by resilient domestic consumption, while exports remained weak as a result of flagging demand for the island’s technology products amid global headwinds. Gross domestic product (GDP) expanded by a preliminary 1.45% in the April-June period versus …
Taiwan returns to growth in Q2 on strong domestic demand, but exports weak Read More »
LONDON (Reuters) – Major central banks are tentatively eyeing the end of aggressive interest rate hikes as price pressures finally show signs of abating. Inflation remains high across the globe, but in some big economies has cooled faster than expected. Upcoming decisions are on a knife-edge. Pausing too early could cause financial conditions to loosen …
Big central banks hike again with end of tightening in sight Read More »
(Reuters) – BPEA EQT, part of Swedish private equity firm EQT , said on Friday it has completed the merger of its Hong Kong-based business services firms Vistra and Tricor, valuing the combined entity at $6.5 billion, including debt. BPEA bought business expansion specialist Tricor from private equity firm Permira in 2021 for $2.8 billion. …
BPEA EQT completes $6.5 billion merger of Vistra and Tricor Read More »
By Chen Lin SINGAPORE (Reuters) – Singapore’s private home prices rose 3.1% in the first half of the year, official data showed on Friday, bucking a downward trend in global property markets and resisting government measures to cool the red-hot market and rising living costs. Real estate prices in the second quarter dipped just 0.2%, …
Singapore home prices rise despite cooling measures Read More »
(Reuters) – The Bank of Japan made its yield curve control policy more flexible and loosened its defence of a long-term interest rate cap on Friday, in moves seen by investors as a prelude to an eventual shift away from massive monetary stimulus. Following are excerpts from BOJ Governor Kazuo Ueda’s comments at his post-meeting …
By Leika Kihara TOKYO (Reuters) -The Bank of Japan made its yield curve control policy more flexible and loosened its defence of a long-term interest rate cap on Friday, in moves seen by investors as a prelude to an eventual shift away from massive monetary stimulus. While the central bank kept ultra-low interest rates and …
BOJ makes yield control more flexible as markets bet on policy shift Read More »
