BERLIN (Reuters) – Mercedes will invest billions of dollars to modernise its plants in China, Germany and Hungary over the coming years, magazine Automobilwoche reported, as the carmaker prepares to switch to electric vehicles and cut emissions. The European Union has set a goal to halve CO2 emissions per passenger car over their life cycle …
Mercedes set to invest billions in e-vehicles plants Read More »
BEIJING (Reuters) – China is launching an annual recruitment of college graduates in large and midsize cities, the official Xinhua news agency said on Sunday, as authorities double down on efforts to meet a more ambitious job creation goal this year. The recruitment drive, hosted by the Ministry of Human Resources and Social Security, will …
China launches recruitment drive for college graduates Read More »
BEIJING (Reuters) – A former party chief of the rural credit union in China’s southern province of Guangdong has been placed under investigation for suspected serious violations of law and discipline, the Guangdong anti-graft regulator said on Sunday. The regulator said Wang Shuoping had accepted the disciplinary review, according to a statement on its website. …
China probes ex-party chief of Guangdong rural credit union over discipline violations Read More »
By Stefania Spezzati, Oliver Hirt and John O’Donnell (Reuters) -UBS AG is asking the Swiss government to cover about $6 billion in costs if it were to buy Credit Suisse, a person with knowledge of the talks said, as the two sides raced to hammer together a deal to restore confidence in the ailing Swiss …
UBS seeks $6 billion in govt guarantees for Credit Suisse takeover -source Read More »
By Ahmad Masih Noori and Lisa Barrington KABUL/DUBAI (Reuters) -Dozens of Afghan businesswomen took part in an exhibition in Dubai remotely this week to promote carpets, jewellery, dried fruit and other handmade goods as part of a push to access international markets after work options for women shrank in Afghanistan under the Taliban administration. The …
Female entrepreneurs from across Afghanistan seek out foreign markets Read More »
By Sakura Murakami and Andreas Rinke TOKYO (Reuters) -Germany and Japan agreed to cooperate closely on economic security on Saturday during their first ever high-ministerial government consultations, held amid tensions over global supply chains and economic disruptions caused by the war in Ukraine. German Chancellor Olaf Scholz, accompanied to Japan by six ministers, is looking …
Germany, Japan seek cooperation on economic security amid supply chain strains Read More »
By Tetsushi Kajimoto TOKYO (Reuters) – Japan and Germany agreed on Saturday to coordinate closely on financial jitters stemming from problems among Western banks while carefully monitoring global markets and economy, a Japanese finance ministry official told Reuters. The agreement came in a 45-minute meeting between Japanese Finance Minister Shunichi Suzuki and German Finance Minister …
Japan, Germany agree to carefully monitor markets, coordinate as needed Read More »
(Reuters) – A senior official at the People’s Bank of China said on Saturday the collapse of Silicon Valley Bank (SVB) showed how rapid monetary policy shifts were having spillover effects, state-owned newspaper Shanghai Securities News reported. Xuan Changneng, a deputy governor at the People’s Bank of China told the Global Asset Management Forum in …
SHANGHAI (Reuters) – China will encourage foreign capital to participate in its financial markets and may allow foreign-funded financial institutions to go public in the country when “conditions are ripe”, local media quoted a former finance minister as saying on Saturday. Such moves would be in line with the country’s opening up of its financial …
Beijing may allow foreign financial firms to list in China – ex-finance minister Read More »
SHANGHAI (Reuters) – China’s central bank made a “timely” move by pumping liquidity into the banking system to respond to rising pressures in the domestic banking industry and growing risks abroad, a state-owned Chinese newspaper said on Saturday. The central bank on Friday reduced the amount of cash banks must hold as reserves for the …
China cuts reserve ratio given domestic pressures, overseas risks – state media Read More »
