TAIPEI (Reuters) – Taiwan chipmaker TSMC is feeling “good” about talks towards setting up its first European factory in Germany, where it is in subsidy discussions with the government, the company’s chairman said on Tuesday. The world’s largest contract chipmaker, TSMC has been in talks with the German state of Saxony since 2021 about building …
TSMC feels ‘good’ about possible Germany plant, in subsidy talks Read More »
By Georgina Lee HONG KONG (Reuters) – Hong Kong ‘s central bank plans to test the use of its digital currency under a pilot project in its HK$1.8 trillion ($229 billion) mortgage market, with an aim to slash a month-long loan approval process by half, according to the pilot participants. The test comes amid fierce …
By Tetsushi Kajimoto TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida’s government on Tuesday unveiled an action plan on his “new capitalism” programme of driving growth and wealth distribution through wage hikes, signalling his commitment to shift the economy into a higher gear. Kishida’s economic strategy will focus on investment in human resources, science and …
Japan PM Kishida unveils economic action plan on ‘new capitalism’ Read More »
By Bernadette Christina and Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s state-owned enterprises (SOEs) ministry plans to inject an additional 30.5 trillion rupiah ($2.05 billion) into two construction firms by 2024 to help shore up the companies, an official said on Monday. On top of providing additional capital for state-owned Hutama Karya and Wijaya Karya (Wika), …
Indonesia plans $2 billion injection for troubled state builders Read More »
(Corrects advisory to show item adds details to June 5 report) (Reuters) -Evergrande Property Services Group Ltd said on Monday it would have sufficient working capital to meet its financial obligations up to mid-2024 through various measures aimed at boosting liquidity. These include talks with embattled parent China Evergrande Group on repaying 13.4 billion yuan …
Evergrande Property Services works to ensure working capital until mid-2024 Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka will slash the price of 60 essential drugs by 16% from June 15, the Health Minister said on Tuesday, as the country sees a glimmer of relief from its worst financial crisis in decades. The island off India’s southern coast plunged into crisis last year as its …
Sri Lanka to reduce drug prices by 16% as crisis eases- minister Read More »
By Rocky Swift TOKYO (Reuters) – Japan’s Nikkei index extended its climb to scale a near 33-year high on Tuesday, with trading houses and Uniqlo operator Fast Retailing leading the gains on technical support for heavyweight shares ahead of the fixing of special quotation prices. The Nikkei recouped from early losses to close nearly 1% …
Fast Retailing, trading houses lift Japan’s Nikkei to 33-year high Read More »
By Muyu Xu and Florence Tan SINGAPORE (Reuters) – Asian refiners are likely to take less oil from Saudi Arabia for July and buy more spot cargoes such as those from the United Arab Emirates after the world’s top exporter unexpectedly raised prices and pledged to cut output, traders said on Tuesday. Saudi Arabia raised …
Asian refiners to cut July Saudi oil imports after surprise price hike, output cut Read More »
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s May headline inflation rate dropped to its lowest in 21 months due to lower energy and food prices and a high base in 2022, the commerce ministry said on Tuesday, with consumer prices expected to fall further. The headline consumer price index (CPI) rose 0.53% …
Thai May headline inflation lowest in 21 months, seen falling further Read More »
(Reuters) – Apple Inc unveiled its first augmented-reality (AR) headset, as well as a series of upgrades to its devices and software, at the company’s annual developers conference on Monday. Apple’s Vision Pro, pitted against Meta Platforms Inc’s Quest line and PlayStation VR from Sony Group, marks the iPhone maker’s foray into a new product …
Factbox-Here’s what Apple unveiled at WWDC: Vision Pro, 15-inch MacBook Air, OS updates Read More »
