Reuters Asia Business

(Reuters) -China has urged the World Trade Organization to scrutinise US-led technology export restrictions aimed at curbing its ability to make advanced chips, state television said on Wednesday. Chinese representatives told a WTO meeting this week that Japan, the Netherlands and the United States should report their plans and subsequent measures to the body, which …

China urges stronger WTO monitoring of US-led chip export curbs Read More »

TOKYO (Reuters) – Japan’s economic output ran below full capacity for the 11th straight quarter in October-December, central bank data showed on Wednesday, suggesting that conditions for ending ultra-low interest rates have yet to fall into place. Japan’s output gap, which measures the difference between an economy’s actual and potential output, stood at -0.43% in …

Japan’s economy runs below capacity, low rates may stay in place Read More »

TAOYUAN, Taiwan (Reuters) -Terry Gou, the billionaire founder of major Apple Inc supplier Foxconn, said on Wednesday he would seek the presidential nomination for Taiwan’s main opposition party, the Kuomintang (KMT), for a second time. Gou stepped down as Foxconn chief in 2019 and made a presidential bid that year, but dropped out after he …

Foxconn founder Gou says he will seek Taiwan presidency Read More »

SINGAPORE (Reuters) – BHP Group’s programme to support promising minerals explorers will expand beyond copper and nickel to prospective uranium and lithium projects from September, the head of its Xplor program said on Wednesday. The Xplor accelerator program chose seven projects around the world to support for six months from January in its first year …

BHP’s exploration accelerator to open to uranium, lithium finds Read More »

By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – Philippine annual inflation eased for a second consecutive month in March on slower rises in food and transport costs, data showed on Wednesday, supporting the case for the central bank to consider a pause in its monetary tightening cycle. The consumer price index rose …

Philippine inflation eases for 2nd month, backs case for rate hike pause Read More »

(Reuters) – Dogecoin’s Shiba Inu dog replaced Twitter’s blue bird as the social media company’s logo on Monday, helping the meme coin add as much as $4 billion to its market value. The token, born as a satire of a cryptocurrency frenzy in 2013 and has no fundamental use, on Tuesday surged to 10 cents …

Dogecoin jumps as Musk’s Twitter flips logo to Shiba Inu dog Read More »

(Reuters) – Italy is studying ways to curtail the influence of China’s Sinochem on tire maker Pirelli SpA, Bloomberg News reported on Tuesday, citing people familiar with the matter. Sinochem is Pirelli’s largest shareholder, with a 37% stake. Italian officials are discussing several options as part of talks with Pirelli investors over the company’s ownership …

Italy reviews limiting China’s Sinochem influence over Pirelli -Bloomberg News Read More »

SAO PAULO (Reuters) – Chinese electric car maker Great Wall Motors (GWM) on Tuesday said is planning to install an electric vehicle charging network in Brazil through an exclusive partnership with local motor manufacturer WEG. The partnership involves developing “a broad network for recharging electrified vehicles at dealerships, parking lots, shopping malls and other commercial …

China’s GWM taps Brazil’s WEG for electric vehicle charging network Read More »

(This April 3 story has been corrected to fix the amount of Micron’s planned investment for New York factory to up to $100 billion instead of $15 billion, in paragraph 4.) By Stephen Nellis (Reuters) – Micron Technology Inc on Monday said that its business operations in China are normal while it is cooperating with …

Micron says operations normal in China amid government review Read More »