Reuters Asia Business

SEOUL (Reuters) – Samsung Electronics Executive Chairman Jay Y. Lee met with Tesla CEO Elon Musk last Wednesday to discuss ways to cooperate in future high-tech industries, Samsung said on Sunday. The two companies are currently seeking ways to cooperate in the development of IT-related technologies, such as semiconductors for autonomous vehicles, Samsung added. The …

Samsung Elec, Tesla heads meet to discuss cooperation in high-tech Read More »

TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida will issue an order on Monday for the government and the central bank to conduct an assessment on whether recent wage hikes would be sustainable, the Nikkei newspaper reported on Sunday. The assessment will focus on whether wealth is distributed in a way that allows households to …

Japan’s Kishida to order assessment on wage outlook by govt, BOJ- Nikkei Read More »

By Andrea Shalal NIIGATA, Japan (Reuters) -Treasury Secretary Janet Yellen on Saturday called a showdown over raising the U.S. debt ceiling “more difficult” than in the past but said she remained hopeful a solution could be found to avert a first ever U.S. default Yellen told Reuters in an interview on the sidelines of a …

Yellen hopeful of a solution to ‘more difficult’ debt ceiling showdown Read More »

TOKYO (Reuters) -The Group of Seven (G7) rich nations is set to agree on establishing a new programme to distribute vaccines to developing countries at next week’s summit of leaders, Japan’s Yomiuri newspaper said on Saturday. In addition to the G7, G20 nations such as India and international groups such as the World Health Organization …

G7 plans new vaccine effort for developing nations, Yomiuri reports Read More »

By Christian Kraemer and Leika Kihara NIIGATA, Japan (Reuters) -Finance leaders of the Group of Seven (G7) nations warned on Saturday of mounting economic uncertainty, in a subdued end to a three-day meeting overshadowed by concerns about the U.S. debt stalemate and fallout from Russia’s invasion of Ukraine. The gathering in the Japanese city of …

At G7, a warning about economic outlook as US debt crisis looms Read More »

NIIGATA, Japan (Reuters) – Finance ministers and central banks from the Group of Seven rich nations agreed the global financial system is resilient but the need for vigilance remains, Japan’s finance minister Shunichi Suzuki said on Saturday. The officials issued a joint statement vowing to address regulatory gaps in the banking system discovered during recent …

G7 agreed global financial system resilient but needs vigilance, Japan Finance Minister says Read More »

By Trevor Hunnicutt WASHINGTON (Reuters) -Leaders of the Group of Seven (G7) countries are set to discuss concern about China’s use of “economic coercion” in its dealings abroad as part of their larger joint statement next week, according to a U.S. official familiar with the discussions. The statement, a likely component of the overall communique …

Exclusive-G7 summit statement to target China’s ‘economic coercion’ -source Read More »

By Leika Kihara NIIGATA, Japan (Reuters) – Many central bank governors from the Group of Seven (G7) rich nations appeared to feel the impact of past interest rate hikes has yet to show fully as they look to guide future monetary policy, Bank of Japan Governor Kazuo Ueda said on Saturday. “Participants seemed to share …

G7 central banks see need to weigh effects of past rate hikes -BOJ’s Ueda Read More »

By Xie Yu HONG KONG (Reuters) – Shareholders of China Evergrande New Energy Vehicle Group accepted a proposal to dispose of two subsidiaries in a restructuring, according to a filing with the Hong Kong stock exchange on Friday night. More than 50% of the votes under the EV company, a unit of embattled property developer …

Shareholders of Evergrande’s EV unit agree on restructuring deal Read More »