BEIJING/SHANGHAI (Reuters) – Growth in sales of China’s passenger vehicles was flat in March from a year earlier, industry data showed on Monday, as more price cuts by auto brands and the rollout of incentives by local governments helped to support demand. Car sales in March were 1.61 million units, the China Passenger Car Association …
China’s car sales stay flat in March amid price war -CPCA Read More »
By Leika Kihara TOKYO (Reuters) – New Bank of Japan Governor Kazuo Ueda’s main challenge will be to phase out yield curve control (YCC), which has come under criticism for distorting markets by keeping long-term interest rates from rising. Under YCC, the BOJ targets short-term interest rates at -0.1% and the 10-year government bond yield …
Explainer-How does Japan’s yield curve control work? Read More »
By Makiko Yamazaki TOKYO (Reuters) – A coalition of climate groups are stepping up pressure on Japan’s top three banks to cut financing linked to fossil fuels, filing shareholder resolutions to be voted on at the companies’ annual general meetings in June, sources said on Monday. The groups are targeting megabanks Mitsubishi UFJ Financial Group, …
Japan’s three megabanks to face votes on climate change – sources Read More »
((This April 7 story has been corrected to rectify the weight of the satellites, funding type and the amount in paragraph 7) ) By Eimi Yamamitsu TOKYO (Reuters) – The bankruptcy filing by Richard Branson’s Virgin Orbit Holdings Inc has dealt a blow to Japan’s hopes of building a domestic space industry, with plans for a …
Virgin Orbit bankruptcy casts shadow over Japan’s space dreams Read More »
JAKARTA (Reuters) – Indonesia expects to conclude negotiations with China in coming weeks on an additional $560 million loan for a high-speed rail project being built in the Southeast Asian country, a senior minister said on Monday. The cost of the line linking the capital Jakarta with the textile hub of Bandung has overshot, pushing …
Indonesia expects to clinch $560 million Chinese loan for high-speed train soon Read More »
By Leika Kihara TOKYO (Reuters) -Japan’s new central bank governor Kazuo Ueda faces a bumpy road as slowing global growth clouds prospects for a sustained pickup in inflation and wages, a prerequisite for phasing out his predecessor’s controversial monetary stimulus. The 71-year-old academic’s term began on Sunday, succeeding Haruhiko Kuroda, whose second, five-year term ended …
Japan’s new central bank chief assumes office as global risks loom Read More »
HONG KONG (Reuters) – China’s SenseTime on Monday unveiled an artificial intelligence (AI) powered chatbot called “SenseChat”, which it demonstrated performing tasks such as writing an email and a children’s story upon being prompted. SenseChat is based off the company’s big AI model SenseNova, said its CEO and co-founder Xu Li. (Reporting by Josh Ye; …
Chinese AI firm SenseTime unveils chatbot “SenseChat” Read More »
By Stefanno Sulaiman JAKARTA (Reuters) – Indonesia will propose a free trade agreement for some minerals shipped to the United States so that companies in the electric vehicle battery supply chain operating in the country can benefit from U.S. tax credits, a senior minister said on Monday. Washington has issued a new guidance for EV …
Indonesia to propose limited free trade deal with US on critical minerals Read More »
(This April 6 story has been corrected to show that the removal of 1.7 million videos was not at the government’s request, but because they did not follow TikTok’s guidelines, in paragraph 5) HANOI (Reuters) – Vietnam will probe TikTok’s operations in the country from May, as “toxic” content on the short-video platform “poses a …
SHANGHAI (Reuters) -Tesla Inc is opening a factory in Shanghai, capable of producing ten thousand Megapack energy product per year, to supplement output of Megapack factory in California, the company said in a tweet on Sunday. The news was first reported by Chinese state media outlet Xinhua. Elon Musk’s automaker will break ground on the …
Tesla to build Shanghai factory to make Megapack batteries Read More »
