Reuters Asia Business

By Xie Yu and Julie Zhu HONG KONG (Reuters) – China’s financial regulators have invited some of the world’s biggest investors to a rare symposium next week, three sources said, seeking to encourage foreigners to keep investing in the world’s second-largest economy despite its recent weakness and rising geopolitical tensions. The meeting in Beijing next …

Exclusive-China invites global investors for rare meeting as economy sputters-sources Read More »

By Raphael Satter WASHINGTON (Reuters) – In late June, one of cybersecurity expert Steven Adair’s clients got an alert from Microsoft: one of the client’s employees working on human rights issues had their email account compromised. The client wanted to know if Adair could get to the bottom of it. Adair, who used to work …

Microsoft under fire after hacks of US State and Commerce departments Read More »

TOKYO (Reuters) -Carmakers Nissan Motor Co and Renault have reached an agreement that Nissan will invest some 100 billion yen in Renault’s EV unit Ampere, the Yomiuri Shimbun newspaper said on Friday. It added an announcement on the agreement, reached on Thursday, would be made soon, quoting people with knowledge of the situation, adding a …

Nissan, Renault agree that Nissan will invest some 100 billion yen in EV unit Ampere -Yomiuri Read More »

By Nikunj Ohri and Shivangi Acharya NEW DELHI (Reuters) – India will not impose countervailing duty (CVD) on select steel products imported from China despite a recommendation from trade officials and lobbying from local steel manufacturers, a government source told Reuters. In a rare move the ministry is to reject the recommendation by the Directorate …

Exclusive-India to reject call for anti-subsidy tax on some Chinese steel products Read More »

WASHINGTON (Reuters) -China’s economy is slowing due to weaker private investment, slowing exports and reduced domestic demand after a strong performance in the first quarter as the economy reopened from COVID-19 lockdowns, the International Monetary Fund said on Thursday. “So the overall picture for growth in China is one of a slowing economy and that …

IMF says China growth slowing after strong Q1 reopening Read More »

HONG KONG/BEIJING (Reuters) -Two creditors of China’s Guangzhou R&F Properties have sued the property developer to seek a bankruptcy restructuring, notices in an official database showed, deploying a rare court tactic against a mid-sized firm of its kind. While many developers, including R&F, have faced legal action by creditors for non-repayment, such restructuring requests to …

Chinese property developer Guangzhou R&F faces bankruptcy restructure demand Read More »

By Casey Hall and Akanksha Khushi (Reuters) – Cinema operator IMAX has proposed to acquire full ownership of its Hong Kong-listed China subsidiary in a deal valued at about $124 million, it said late Wednesday. The acquisition of IMAX China will improve the company’s operational flexibility and enable it to apply its technology in the …

IMAX looks to take full control of China unit amid box office recovery Read More »