Reuters Asia Business

SHANGHAI/SINGAPORE (Reuters) – China is widely expected to stand pat on lending benchmarks at the monthly fixing on Thursday, a Reuters survey showed, as economic recovery has been well on track – as seen from better-than-expected first-quarter data. China’s economy grew at a faster-than-expected pace in the first quarter, reducing the urgency for authorities to …

China may hold lending benchmarks steady as recovery remains on track -analysts Read More »

BANGKOK (Reuters) – Thailand’s industrial sentiment in March reached its highest level in a decade, boosted by a rebound in domestic demand and tourism, but high costs, slowing global growth and baht volatility were a worry, an industries group said on Wednesday. The industries sentiment index of the Federation of Thai Industries (FTI) rose to …

Thai industrial sentiment at decade high as demand and tourism pick up Read More »

By Kevin Yao BEIJING (Reuters) – China’s central bank has plenty of reasons to loosen policy as deflationary pressures in the economy deepen, but record credit growth is likely to limit the extent of any monetary support it’s able to provide. While the recovery from last year’s pandemic slump in the world’s second-largest economy gathered …

Analysis: China’s ‘atypical’ deflation cycle gives central bank a headache Read More »

By Paul Lienert (Reuters) – Chinese electric vehicle maker Xpeng Inc is the latest manufacturer hoping to save money and speed development and production by shifting to a digital vehicle architecture – an approach that bears a striking resemblance to Tesla Inc’s. Unveiled this week ahead of the Shanghai Auto Show, Xpeng’s Smart Electric Platform …

Analysis-China’s Xpeng takes cues from Tesla for its new EV platform Read More »

By Medha Singh and Lisa Pauline Mattackal (Reuters) – Beleaguered bitcoin miners are finally feeling the spring sunshine after a cold, hard crypto winter. The power-hungry companies that pump new bitcoin into circulation have been thrown a lifeline by the cryptocurrency’s rally to above $30,000 this year, which has conspired with falling electricity prices to …

Cryptoverse: Bitcoin miners escape the bear trap Read More »

WASHINGTON (Reuters) – There was “some evidence” that China wants the dollar to weaken as the international reserve currency, said a White House nominee for a top economist position on Tuesday, and he urged Congress to raise the U.S. debt ceiling to protect the dollar’s value. Jared Bernstein, a member of the White House Council …

China wants weaker US dollar as reserve currency, says Biden economist nominee Read More »

MOSCOW (Reuters) -India and China have snapped up the vast majority of Russian oil so far in April at prices above the Western price cap of $60 per barrel, according to traders and Reuters calculations. That means the Kremlin is enjoying stronger revenues despite the West’s attempts to curb funds for Russia’s military operations in …

India and China snap up Russian oil in April above ‘price cap’ Read More »

By Foo Yun Chee BRUSSELS (Reuters) -The European Union on Tuesday agreed a 43 billion euro ($47 billion) plan for its semiconductor industry in an attempt to catch up with the United States and Asia and start a green industrial revolution. The EU Chips Act, proposed by the European Commission last year and confirmed by …

EU takes on United States, Asia with chip subsidy plan Read More »