Reuters Asia Business

SINGAPORE (Reuters) – Zurich-based Julius Baer has appointed Chin Lit Yee as its new head of South East Asia, the private bank said on Thursday. Kevin Tay will assume Yee’s previous role as group head of South East Asia, with all appointments coming into effect on Thursday, according to the statement. Yee has over 30 …

Swiss bank Julius Baer makes key appointments in Southeast Asia Read More »

BEIJING (Reuters) – China’s exports to Russia more than doubled in March from a year earlier while imports also surged at a double-digit pace, Chinese customs data showed on Thursday, despite a gloomy global economic outlook. China’s exports to Russia soared 136.4% in March to a total of $9 billion, significantly faster than a 19.8% …

China’s March trade with Russia was robust despite weak global outlook Read More »

By Victoria Waldersee BERLIN (Reuters) -Volkswagen said on Thursday its software unit Cariad is setting up a joint venture with Chinese technology group ThunderSoft to develop China-specific features for the German automaker’s ‘infotainment’ systems and car cockpits. Carmakers are racing to source necessary expertise to offer cutting-edge software in their vehicles, particularly in China where …

Volkswagen’s Cariad sets up China software venture with ThunderSoft Read More »

By Eimi Yamamitsu (Reuters) – Uniqlo parent Fast Retailing Co Ltd reported a 16% jump in first-half profit and lifted its full-year outlook on Thursday, as the Japanese apparel retailer saw signs of recovery in China and strong sales growth in Europe and North America. Known for its affordable fleece jackets and “Heattech” thermals, Uniqlo …

Uniqlo parent raises full-year outlook; sees China recovering Read More »

HONG KONG (Reuters) – Chinese ride-hailing giant Didi Global showed off a robotaxi concept car it called “Didi Neuron” during a company event broadcast online on Thursday, which has robotic arms that can help passengers pick up bottles of water or carry their luggage. The blue and white vehicle was unveiled by Didi Autonomous Driving …

China’s Didi Global unveils robotaxi concept car called Didi Neuron Read More »

By Josh Ye HONG KONG (Reuters) – After years of bankers quitting Hong Kong amid a China security crackdown and tight COVID curbs, the city is rolling out the red carpet to a finance sector tarnished by events elsewhere in a bid to bolster its status as a finance hub – cryptocurrencies. While scandals and …

Hong Kong woos mainland China crypto firms in push to bolster finance hub status Read More »

BERLIN (Reuters) -Germany is reviewing its decision to allow China’s Cosco to take a stake in one of logistics company HHLA’s three terminals at Hamburg port, a spokesperson for the German economy ministry said on Wednesday. The comments came after it emerged that the Tollerort terminal had been classified as critical infrastructure this year, threatening …

Germany to review China stake in Hamburg port terminal Read More »

By Christian Kraemer and David Lawder WASHINGTON (Reuters) -G7 finance leaders pledged on Wednesday to take action to maintain the stability of the global financial system after recent banking turmoil and to give low- and middle-income countries a bigger role in diversifying supply chains to make them more resilient. Their communique did not mention China …

G7 finance leaders pledge financial stability, supply chain diversity Read More »

SEOUL (Reuters) – South Korea’s import prices dropped in March at their fastest pace in 27 months, dragged down by weaker oil prices, central bank data showed on Thursday. The import price index, measured in the local won currency, fell 6.9% in March from the same month a year before, much faster than the 0.7% …

South Korea import prices drop in March at fastest pace in 27 months Read More »