TAIPEI (Reuters) – Taiwan’s central bank said on Saturday it has smooth communication channels with the U.S. Treasury Department and will keep talking with them about foreign exchange policies, after the United States kept the island on a monitoring list. Treasury said on Friday it found that no major U.S. trading partners had manipulated their …
Taiwan says will it keep talking to US on forex policies Read More »
TOKYO (Reuters) – Japan plans to stoke competition in smartphone app payments, dominated by Apple and Google, by banning major app store operators from forcing software developers to use the operators’ own payment systems, a government panel said. The final report by the panel, released on Friday, also said major suppliers of smartphone operating systems …
Japan to open up Apple- and Google-dominated phone apps to competition Read More »
HONG KONG (Reuters) -Chinese President Xi Jinping discussed the global rise of artificial intelligence with Bill Gates on Friday and said he welcomed U.S. firms including Microsoft bringing their AI tech to China, two sources familiar with the talks said. Xi also discussed Microsoft’s business development in China during their meeting in Beijing, one of …
Exclusive-China’s Xi tells Bill Gates he welcomes U.S. AI tech in China-sources Read More »
BEIJING (Reuters) -Chinese President Xi Jinping called Bill Gates “an old friend” and said he hoped they could cooperate in a way that would benefit both China and the United States, in Xi’s first meeting with a foreign entrepreneur in years. In a meeting at Beijing’s Diaoyutai state guest house, where China’s leaders have traditionally …
Chinese President Xi meets Bill Gates, calls him ‘an old friend’ Read More »
BEIJING/STOCKHOLM (Reuters) -China firmly opposes some EU countries’ ban on Huawei and said the European Commission has no legal basis nor factual evidence to prohibit the Chinese telecom giant, a Chinese foreign ministry spokesperson said on Friday. ZTE, also singled out by EU industry chief Thierry Breton as a high-risk vendor, criticised the move to …
China slams EU ban on Huawei, ZTE demands equal treatment Read More »
By Elizabeth Howcroft LONDON (Reuters) -Cryptocurrency investors have grown more cautious about who they do business with, after being burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and others, and fearing a regulatory crackdown will put more pressure on remaining firms. The recent crypto platform bankruptcies trapped customer assets now worth …
Crypto investors step up risk management after last year’s meltdowns Read More »
(Reuters) -Micron Technology on Friday warned of a bigger hit to revenue from a Chinese ban on sale of its chips to key domestic industries, sending the memory chipmaker’s shares down about 2%. The company said it now expects an impact on about half of its revenue from China-headquartered firms, which equates to a low-double-digit …
Micron warns of bigger revenue hit from China ban Read More »
By Christoph Steitz, Andreas Rinke and Sarah Marsh FRANKFURT/BERLIN (Reuters) -A Chinese delegation led by Premier Li Qiang will meet Germany’s top CEOs next week as part of a visit to Europe, hoping to strengthen ties at a time when Berlin is pursuing a strategy to lessen its economic dependence on Beijing. The meetings highlight …
Chinese delegation to meet with Germany’s top corporate brass next week Read More »
By Charlotte Greenfield (Reuters) -The Taliban’s acting governor of the Afghan central bank met China’s ambassador this week to discuss banking relations and business, the bank’s spokesperson told Reuters on Friday. Afghanistan’s banking system has been severely hampered by U.S.-led sanctions, a drop in liquidity from frozen central bank assets and a cut in development …
Taliban’s central bank governor meets Chinese envoy to discuss banking ties Read More »
HANOI (Reuters) – Vietnamese electric vehicle (EV) maker VinFast has reported a drop in first-quarter revenue by 49%, with a net loss deepening to $598 million in the first full reporting period since it started exporting to the United States. VinFast made the disclosure in a filing late on Thursday with U.S. securities regulators as …
VinFast posts deeper loss in Q1, eyes July completion of SPAC merger Read More »
