By David Kirton SHENZHEN, China (Reuters) -China’s Huawei Technologies Co Ltd said it was “out of crisis mode” as it posted a small increase in annual revenue, adding it was making headway with replacing components affected by sanctions thanks to the billions it is spending on research. The tech conglomerate’s revenue climbed 0.9%, in line …
China’s Huawei says ‘out of crisis’ mode as revenue edges up Read More »
(Corrects number of poll participants in 2nd paragraph) By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan’s central bank looks set to raise its key interest rate by 200 basis points to a record high of 22% at its review on April 4, as it struggles to bring down stubborn inflation, the median estimate in a …
Pakistan central bank seen raising key rate to record 22% as inflation bites Read More »
By Siyi Liu and Dominique Patton BEIJING (Reuters) -China’s top lithium producers agreed this week to set a floor price of 250,000 yuan ($36,380) per tonne of lithium carbonate, six people familiar with the matter said, in an effort to slow a plunge in the price of the battery raw material. The price was agreed …
Exclusive-Chinese lithium producers set price floor as demand evaporates – sources Read More »
By Jason Xue and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – The number of U.S. IPOs by Chinese firms jumped in March, as some of them rushed to set up offshore listings before rules take effect that will complicate the process, though with markets jittery, several met with a tepid response. Seven Chinese firms including Chanson International …
Chinese companies rush for U.S. listings ahead of new rules Read More »
By Maki Shiraki and Joyce Lee TOKYO/SEOUL (Reuters) – South Korea’s Samsung Electronics Co Ltd is considering setting up a chip test line in Japan, five people said, to bolster its advanced packaging business and forge closer ties with Japanese makers of semiconductor equipment and materials. It would be the first such test line in …
Samsung considers chip test line in Japan for advanced chip packaging -sources Read More »
TOKYO (Reuters) – Japan has seen its share of the semiconductor market fall from 50% in the late 1980s to about 10% but still hosts some of the most advanced chipmaking equipment manufacturers, making it relevant to U.S. attempts to curb technology exports to China. The United States in October imposed restrictions on shipments of …
Factbox-The Japanese chipmaking equipment manufacturers navigating export curbs Read More »
By Tim Kelly and Miho Uranaka TOKYO (Reuters) -Japan said on Friday it will restrict exports of 23 types of semiconductor manufacturing equipment, aligning its technology trade controls with a U.S. push to curb China’s ability to make advanced chips. Japan, home to major chip equipment makers such as Nikon Corp and Tokyo Electron Ltd, …
Japan restricts chipmaking equipment exports as it aligns with US China curbs Read More »
TAIPEI (Reuters) – The United States has sent officials to Taiwan to listen to concerns in the chip industry about the criteria for new U.S. semiconductor subsidies, Taiwan Economy Minister Wang Mei-hua said on Friday. The criteria are worrying companies like Samsung Electronics Co Ltd and SK Hynix Inc, South Korean President Yoon Suk Yeol …
Taiwan says US officials have visited to discuss concerns about chip subsidies Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is expected to keep interest rates unchanged at a policy meeting next week, a month after a 100 basis points increase ahead of a bailout package from the International Monetary Fund (IMF). Inflation remains at slightly over 50 percent, although it is on a downward …
Sri Lanka central bank likely to hold rates next week after 100 bps hike earlier Read More »
BANGKOK (Reuters) – Thailand’s economy in February continued to improve compared with the previous month as the value of exports rose while private consumption and tourism activities also increased, the central bank on Friday. Economic activity was seen rebounding, alongside rising tourist arrivals, the Bank of Thailand said in a statement, adding it would monitor …
Thailand’s economic activity improves in February -central bank Read More »
