By Phuong Nguyen HANOI (Reuters) -Vietnamese electric vehicle (EV) maker VinFast said it is recalling all of the first batch of vehicles it shipped to the United States last year following a safety warning issued by U.S. authorities. The move came after the U.S. National Highway Traffic Safety Administration (NHTSA) said 999 of VinFast’s VF …
Vietnam’s VinFast recalls first batch of US-bound EVs over safety risk Read More »
By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s central bank kept its policy interest rates unchanged for a fourth straight meeting on Thursday, as expected amid cooling inflation, but its governor warned a slowdown in investment may hit economic growth for the rest of 2023. Bank Indonesia (BI) left unchanged its benchmark 7-day reverse …
Bank Indonesia keeps rates unchanged, flags risk of growth softening Read More »
By Zeba Siddiqui and Christopher Bing (Reuters) -A state-sponsored Chinese hacking group has been spying on a wide range of U.S. critical infrastructure organizations, from telecommunications to transportation hubs, Western intelligence agencies and Microsoft said on Wednesday. The espionage has also targeted the U.S. island territory of Guam, home to strategically important American military bases, …
Chinese hackers spying on US critical infrastructure, Western intelligence says Read More »
By Farah Master HONG KONG (Reuters) -Cathay Pacific needs to address staff and resource shortages and raise pay to boost morale, its flight attendant union said, after three staff were fired for allegedly mocking passengers who could not speak English. A passenger on the CX987 flight from the southwestern Chinese city of Chengdu to Hong …
Cathay needs to boost staff morale, union says, after “blanket-carpet” furore Read More »
SEOUL (Reuters) – South Korea’s producer prices rose in April at the slowest pace in 27 months, as agricultural and utility prices fell, central bank data showed on Thursday. The Producer Price Index stood 1.6% higher in April than the same month a year before, slower than the 3.3% rise in March, according to the …
South Korea producer inflation slows to 27-month low in April Read More »
By Krystal Hu and Arriana McLymore (Reuters) – Online fashion giant Shein is exploring plans to build a factory in Mexico as one of its manufacturing hubs outside China, sources familiar with the matter told Reuters, as the company faces increased scrutiny from U.S. lawmakers and looks to expand its Latin America footprint. The factory, …
Exclusive: Fast-fashion giant Shein plans Mexico factory – sources Read More »
By Laura Matthews NEW YORK (Reuters) – Expectations for lower returns in stocks and bonds are sending some pension funds into currency markets to diversify their portfolios and bolster performance. While both equities and fixed income have partially rebounded from last year’s steep declines, some portfolio managers worry the scope for upside in either asset …
Analysis-Global pension funds eye currencies for additional returns Read More »
By Andrea Shalal and Susan Heavey WASHINGTON (Reuters) – China’s move on Micron Technology Inc won’t torpedo larger efforts to get U.S.-China relations into better position, White House spokesman John Kirby said on Wednesday, adding that Washington was engaged directly with Beijing. Kirby told reporters the Chinese government’s recent ban on the U.S. chipmaker Micron …
White House says China’s actions on Micron won’t torpedo relations Read More »
By Lawrence White LONDON (Reuters) – HSBC is reviewing a possible exit from as many as a dozen countries, or one in five of the markets it operates in, to sharpen its focus on Asian expansion, Chief Financial Officer Georges Elhedery told Reuters in his first interview since taking the role. The reviews follow pressure …
Exclusive-HSBC puts global footprint under fresh scrutiny, considers dozen exits Read More »
By Walter Bianchi BUENOS AIRES (Reuters) – Argentina is in talks to renew and potentially expand its currency swap line with China, a central bank source said on Wednesday, as the South American country battles tumbling foreign reserves that threaten its ability to meet payments. The country has free access to some $5 billion as …
Argentina in talks to expand China currency swap line, source says Read More »
