By Khanh Vu HANOI (Reuters) -Vietnam aims to cut its rice exports to 4 million tonnes a year by 2030, the government said in a document detailing its rice export strategy, down from 7.1 million tonnes last year. Vietnam is the world’s third-largest rice exporter, after India and Thailand. The move is aimed at “boosting …
Vietnam to cut annual rice exports by 44% to 4 million tonnes by 2030 Read More »
BEIJING (Reuters) – Economic and trade development in the Asia-Pacific still faces many disturbances and challenges, China’s commerce minister Wang Wentao said. Wang made the comments at the Asia-Pacific Economic Cooperation (APEC) conference in Detroit, where he met with several leaders and exchanged views on multilateral and bilateral economic and trade issues amid wider global …
Economic development in Asia still faces many challenges, China minister says Read More »
KUALA LUMPUR (Reuters) -Malaysia’s state oil firm Petronas said on Saturday an anti-corruption probe into the firm’s dealings involving a $90 million project had not found any wrongdoing by the company. Malaysia’s Anti-Corruption Commission (MACC) said on Friday it was investigating allegations of corruption involving Petronas and an international oil and gas company in a …
Petronas says Malaysian anti-graft probe found no wrongdoing by the firm Read More »
BEIJING (Reuters) -Profits at China’s industrial firms slumped in the first four months of 2023, official data showed on Saturday, as companies continued to struggle with margin pressures and soft demand amid a faltering economic recovery. Profits fell 20.6% in January-April from a year earlier, compared with a 21.4% decline in the first three months, …
China industrial profits tumble 18% in April as demand sputters Read More »
TOKYO (Reuters) -The United States and Japan will deepen cooperation in the research and development of advanced chips and other technologies, they said on Friday, the latest sign of the two allies strengthening ties in semiconductors. The move, which also includes collaboration on quantum computing and discussions on artificial intelligence, comes as both Washington and …
Washington and Tokyo vow closer chip cooperation Read More »
By David Lawder DETROIT (Reuters) – Trade ministers from the Asia Pacific Economic Cooperation (APEC) countries agreed on Friday to promote more inclusive and sustainable trade, but failed to produce a joint statement due to Russia and China’s objections to language on Ukraine. Closing out two days of talks in Detroit, the APEC host, U.S. …
APEC trade chiefs agree on more inclusive trade, but no joint statement Read More »
By David Lawder DETROIT (Reuters) -U.S. Trade Representative Katherine Tai raised complaints about China’s state-led economic policies during a meeting on Friday with Chinese Commerce Minister Wang Wentao, who objected to U.S. tariffs and trade policies, their offices said. But statements from the U.S. Trade Representative’s office and China’s Commerce Ministry both emphasized the need …
US Trade Rep Tai exchanges objections with China’s commerce minister in Detroit meeting Read More »
By Kantaro Komiya TOKYO (Reuters) – Group of Seven (G7) nation officials will meet next week to consider problems posed by generative artificial intelligence (AI) tools like ChatGPT, Japan said on Friday. Leaders of the G7, which includes the United States, European Union and Japan, last week agreed to create an intergovernmental forum called the …
G7 officials to hold first meeting on AI regulation next week Read More »
(Reuters) – China’s natural gas consumption and LNG imports dropped in 2022 as a result of lower economic growth and higher gas prices, marking the first annual decline in consumption since 1990, the U.S. Energy Information Administration (EIA) said on Thursday. Natural gas consumption edged 1% lower (0.4 billion cubic feet per day) over the …
China’s yearly natgas use logs first decline in over three decades – EIA Read More »
By Makiko Yamazaki and Daniel Leussink TOKYO (Reuters) -Proxy adviser Glass Lewis has recommended that shareholders of Toyota Motor Corp vote against the re-election of Chairman Akio Toyoda as a board director at an upcoming meeting, citing his responsibility for the lack of a sufficiently independent board. Glass Lewis made the recommendation against the chairman …
Glass Lewis recommends investors vote against Toyota chairman Read More »
