Reuters Asia Business

SHANGHAI (Reuters) – China’s securities regulator said on Thursday it had issued a warning letter to four analysts at China Merchants Securities who jointly wrote a strategy report last year that the regulator said was neither rigorously presented nor adequately explained. The research report, published in February 2022 when China was battling the pandemic, predicted …

Chinese regulators warn four analysts over Feb 2022 strategy report Read More »

(Adds Acer stock identifier) By Filipp Lebedev and Gleb Stolyarov (Reuters) – Taiwan-based computer manufacturer Acer supplied at least $70.4 million worth of computer hardware to Russia between April 8, 2022 and March 31, 2023, according to customs data seen by Reuters, after saying it would suspend its business there. While not illegal, Acer’s actions …

Exclusive-Taiwan’s Acer ships computer hardware to Russia after saying it would suspend business -data Read More »

ROME (Reuters) – Eni and oil and gas operator KazMunayGas (KMG) will work together to build Kazakhstan’s first hybrid renewables-gas power plant, the Italian energy group said on Thursday following a meeting with the Kazakh president in Astana. “The project we announced today marks a further step towards growing Eni’s renewable generation capacity, while supporting …

Eni, KMG to build Kazkahstan’s first hybrid renewables-gas plant Read More »

BEIJING/SHANGHAI (Reuters) -Passenger vehicle sales in China rose 7.3% in May from a month earlier, industry data showed on Thursday, as the government extended tax incentives to shore up demand amid a flagging economic recovery. Sales totalled 1.76 million vehicles in May, the China Passenger Car Association (CPCA) said. For January-May, sales were up 4% …

China passenger car sales rise in May on incentives, new models Read More »

TAIPEI (Reuters) – Taiwan’s top chip design company MediaTek Inc said on Thursday it will defend itself in court against accusations from Realtek that it paid a company that sues over patents a “secret litigation bounty” to file meritless lawsuits. Realtek Semiconductor Corp’s lawsuit, lodged in California, accuses MediaTek of conspiring with IPValue Management Inc …

MediaTek says will defend itself in accusation over patent ‘bounty’ agreement Read More »

SEOUL (Reuters) -South Korea pledged support for its chip sector on Thursday, with President Yoon Suk Yeol describing competition in the industry as an “all-out war” amid heightened Sino-U.S. tension. Earlier in the day, Yoon met with about 60 industry leaders, lawmakers and ministers to discuss how to maintain South Korea’s lead in memory chips, …

South Korea vows support for its chip sector amid China-US tension Read More »

By Muyu Xu, Emily Chow and Chen Aizhu SINGAPORE (Reuters) – An ongoing heatwave in China is boosting power demand for cooling, but tepid industrial demand and record high coal inventories are keeping prices at two-year lows and limiting spot liquefied natural gas (LNG) imports. Analysts do not see coal prices rising or spot LNG …

Despite China heatwave, weak factory demand curbs coal prices, LNG imports Read More »