Reuters Asia Business

TOKYO (Reuters) – Mitsubishi UFJ Financial Group (MUFG) and Morgan Stanley said on Tuesday they will collaborate on foreign exchange trading and in the Japanese research and equity businesses for institutional clients. The steps would deepen their collaboration, which started with MUFG’s $9 billion investment in Morgan Stanley in 2008. Under the new partnership, MUFG’s …

MUFG, Morgan Stanley to collaborate on forex trading, Japan equity research Read More »

(Reuters) – Asian bonds recorded net foreign inflows for a fourth straight month in June, supported by expectations of less aggressive monetary tightening measures from the U.S. Federal Reserve and easing local inflationary pressures. Foreigners purchased a net $4.24 billion worth of bonds in India, Indonesia, Malaysia, South Korea and Thailand, data from regulatory authorities …

Asian bonds see foreign inflows for fourth straight month Read More »

TOKYO (Reuters) -Japanese chipmaker Rohm said on Tuesday it will invest 100 billion yen ($722 million) in a fund backed by Japan Industrial Partners (JIP), which is launching a tender offer for Toshiba Corp. Rohm also plans to underwrite 200 billion yen of non-voting preferred stock issued by TBJ Holdings, which will be set up …

Japan chipmaker Rohm to invest $722 million in Toshiba buyout fund Read More »

TOKYO (Reuters) – Former Nissan Motor chairman Carlos Ghosn said on Tuesday the Japanese automaker and Renault are trying to go for “very small and reduced” cooperation between them with a deal to overhaul their long-standing alliance. “With the latest agreement, they’re trying to go for a mini alliance with a very reduced scope of …

Ghosn says Nissan, Renault are going for mini alliance with rebalancing deal Read More »

(Reuters) – Deutsche Bank lowered its forecast for China’s economic growth forecast this year to 5.3%, from 6% earlier, citing weakness in domestic consumption demand and a deterioration in the property sector. Data on Monday showed China’s economy grew 6.3% in the second quarter on a year-on-year basis, accelerating from 4.5% in the first three …

Deutsche Bank cuts China’s 2023 growth forecast to 5.3% Read More »

By Mike Scarcella (Reuters) – Chinese e-retailer Temu has filed a new lawsuit accusing rival Shein of violating U.S. antitrust law in its dealings with clothing manufacturers, escalating a legal clash for dominance in the fast-fashion market. Temu, represented by prominent U.S. law firm Boies Schiller Flexner, filed the new case on Friday in Boston …

Fast-fashion retailer Temu sues rival Shein over US antitrust law Read More »

By David Shepardson and Stephen Nellis WASHINGTON (Reuters) -U.S. chip company executives are meeting with Biden administration officials on Monday to discuss China policy, a source told Reuters, as the most powerful semiconductor lobby group urged a halt to more curbs that are under consideration. Secretary of State Antony Blinken met with chip company chief …

Chip companies, top US officials meet on China policy, source says Read More »

By Stephen Nellis, Karen Freifeld and Andrea Shalal (Reuters) – The U.S.-based Semiconductor Industry Association trade group on Monday called on the Biden administration to “refrain from further restrictions” on chip sales to China as chief executives from the biggest U.S. semiconductor firms planned to visit Washington this week to press their views on China …

U.S. chip lobby presses Biden to refrain from further China curbs Read More »