(Reuters) – Germany’s Rheinmetall has won a double-digit million-euro order from China’s SAIC Motor to produce engine blocks for hybrid vehicles, the industrial group said in a statement on Wednesday. Production is set to begin in China in 2024, the company said. (Reporting by Anastasiia Kozlova and Amir Orusov, Editing by Friederike Heine)
SEOUL (Reuters) -South Korea’s financial regulator said on Wednesday that rumours of financial troubles at two local savings banks were groundless and warned of legal action against those behind the rumours. The Financial Supervisory Service (FSS) said in email and text messages to reporters that the banks named in the rumours – Welcome Savings Bank …
South Korea regulator says rumours of troubles at two banks are false Read More »
By Tetsushi Kajimoto TOKYO (Reuters) -More Japanese households are expecting prices to rise a year from now, a Bank of Japan survey showed, reflecting stubborn inflation and heaping pressure on the central bank to adjust or ditch its yield curve control. Speculation has been rife in markets that the BOJ may soon phase out yield …
Japan households expect prices to rise – BOJ survey Read More »
By Joe Cash BEIJING (Reuters) – China’s exports and imports likely extended their declines in March, a Reuters poll showed on Wednesday, as weakening global demand squeezed factory supply chains and order books. Data for March is expected to show a 7% fall in exports from a year earlier, bigger than the 6.8% drop recorded …
China’s trade likely extended declines in March on weak demand: Reuters poll Read More »
By Marco Aquino LIMA (Reuters) – A Peruvian industry group said on Tuesday that a major Chinese deal to buy two local power suppliers would hand the Asian country a near monopoly over the sector in Peru, particularly in and around populous capital Lima. Italy’s biggest utility Enel said on Friday it had agreed to …
Chinese Peru energy deal risks monopoly, industry group says Read More »
By David Lawder and Hannah Lang WASHINGTON (Reuters) – The International Monetary Fund warned on Tuesday that lurking financial system vulnerabilities could erupt into a new crisis and slam global growth this year, but urged member countries to keep tightening monetary policy to fight persistently high inflation. The warnings set an ominous tone for the …
IMF flashes financial risk warnings but urges continued inflation fight Read More »
By Hyunsu Yim and Heekyong Yang SEOUL (Reuters) -South Korea’s antitrust regulator has fined Alphabet Inc’s Google 42.1 billion won ($31.88 million) for blocking the release of mobile video games on a competitor’s platform. The Korea Fair Trade Commission (KFTC) said on Tuesday that Google bolstered its market dominance, and hurt local app market One …
South Korea fines Google $32 million for blocking games on competing platform Read More »
By Saeed Azhar NEW YORK (Reuters) -HSBC Holdings plc’s U.S. unit has hired dozens of Silicon Valley Bank bankers led by David Sabow, who most recently led the technology and healthcare banking segment for the California-based bank that collapsed last month. HSBC USA said in a statement the hiring will help the bank establish a …
HSBC hires Silicon Valley Bank bankers to focus on tech, healthcare Read More »
(Reuters) -Accounting firm EY has called off a plan to break up its audit and consulting units, slamming the brakes on a proposed overhaul of its businesses that was meant to address regulatory concerns over potential conflicts of interest. The company, which is one of the Big Four accounting giants, announced its plans for a …
EY calls off plan to split audit, consulting units Read More »
By Alasdair Pal and Dominique Patton SYDNEY/BEIJING (Reuters) – Australia has reached an agreement with China to resolve their dispute over barley imports, the two countries said on Tuesday, a latest sign of improving ties between the major commodity trade partners. Relations between the two had been strained for years, and worsened after Australia called …
Australia reaches deal with China in barley dispute as trade ties improve Read More »
