Reuters Asia Business

(Reuters) – Toyota Motor Corp said on Wednesday it will invest $2.1 billion more in its new U.S. battery plant in North Carolina, as the Japanese automaker deepens efforts to tap rising demand for electric vehicles. The automaker also said its first U.S.-made battery electric sports utility vehicles (SUVs) will be assembled at the company’s …

Toyota pledges $2.1 billion more for EV battery plant in North Carolina Read More »

By Karen Freifeld WASHINGTON (Reuters) – New rules under consideration would restrict the flow of U.S. investments and know-how into Chinese companies working on advanced semiconductors, artificial intelligence and quantum computing, a U.S. Treasury official said on Wednesday. Speaking before a Senate Banking Committee hearing, Paul Rosen, who oversees investment security at Treasury, said officials …

US seeks to curb investment in Chinese chips, AI and quantum computing Read More »

FRANKFURT (Reuters) – Policy normalisation by the Bank of Japan could test the resilience of global bond markets, the European Central Bank warned on Wednesday in an unusually strong message about policy prospects in another jurisdiction. Bank of Japan (BOJ) Governor Kazuo Ueda has said the central bank is unwavering in its stance of patiently …

BOJ normalisation could strain global bond markets: ECB Read More »

JAKARTA (Reuters) – A British consortium that includes mining giant Glencore will invest about $9 billion in Indonesia’s mining and electric vehicle (EV) battery sectors, a minister said on Wednesday, as the resource-rich country tries to lure a host of multinational firms. Indonesia, which has the world’s biggest nickel reserves, is keen to develop downstream …

British consortium to invest $9 billion in Indonesia mining, EV batteries, minister says Read More »

TAIPEI (Reuters) – Taiwan’s economic growth is likely to be low in the first half of the year under continuing global inflationary pressure, but export momentum may pick up in the second half, the island’s central bank said on Wednesday. Taiwan, home to major tech firms including the world’s largest contract chip maker TSMC, has …

Taiwan central bank sees export momentum picking up in H2 Read More »

By Kitiphong Thaichareon and Orathai Sriring BANGKOK (Reuters) – Thailand’s central bank delivered a widely expected hike in its key interest rate on Wednesday, adding 25 basis points in a sixth consecutive meeting to curb inflation risks as the economy gathers strength against rising global uncertainties. The Bank of Thailand’s (BOT) monetary policy committee voted …

Thai central bank hikes policy rate to 2.00%, as expected Read More »