By Kantaro Komiya and Tetsushi Kajimoto TOKYO (Reuters) – Japan’s major companies have agreed at their annual labour talks with average wage hikes of 3.8% for the coming fiscal year, the largest raise in about three decades, trade union confederation Rengo said on Friday. The preliminary survey of 805 unions affiliated with Rengo showed the …
Japan’s labour unions confirm three-decade-high wage hikes of 3.8% Read More »
By Kiyoshi Takenaka and Ju-min Park TOKYO/SEOUL (Reuters) -Business leaders from Japan and South Korea pledged on Friday to work more closely on chips and technology, seeking to put behind years of acrimony over wartime history that have stoked South Korean public anger. South Korean President Yoon Suk Yeol met executives from both countries in …
Japan and South Korea top businesses push to leave behind a difficult history Read More »
SHANGHAI (Reuters) – China is set to keep benchmark lending rates unchanged for a seventh month in March, a Reuters survey showed, as early signs of a domestic economic recovery, combined with global market turmoil, leave Beijing disinclined to shift its monetary policy stance. All 22 participants in a Reuters poll this week predicted no …
China to hold benchmark lending rates for 7th month – Reuters Poll Read More »
By Phuong Nguyen HANOI (Reuters) – Vietnam’s central bank is seeking to reduce the maximum stake investors can hold in Vietnamese banks, according to a published draft document on a regulatory change that would make the sector less attractive to foreigners. Under the proposal, published by State Bank of Vietnam on its website, individual investors …
Vietnam plans tighter limits on stakes in banks in blow to foreign investors Read More »
By Kane Wu and Yantoultra Ngui HONG KONG (Reuters) – Chinese private equity firm DCP Capital aims to sell its Singaporean portfolio firm MFS Technology, which makes flexible printed circuit boards, for at least $550 million, two people with knowledge of the matter told Reuters. The firm, founded by former KKR & Co dealmakers David …
By Phuong Nguyen HANOI (Reuters) – Vietnamese electric-vehicle (EV) start-up VinFast said on Friday three senior sales and customer-service have left the company this week. The departures are the latest in a string of executive changes for the ambitious Vietnamese automaker. They also come after a delayed and costly rollout of VinFast’s first EVs in …
Vietnam’s VinFast says three sales executives have left EV company Read More »
By Lewis Jackson and Scott Murdoch SYDNEY (Reuters) – An A$300 billion ($201.21 billion) refinancing task for Australia’s biggest banks is about to get harder, say analysts, as appetite for new debt shrinks across global markets roiled by concerns about bank stability and liquidity. Australia’s biggest banks, Westpac , ANZ Group Holdings , Commonwealth Bank …
Global turmoil makes Australian banks’ refinancing mountain a harder climb Read More »
By Daniel Leussink TOKYO (Reuters) -Mazda Motor Corp will appoint 40-year company veteran Masahiro Moro as its new president and CEO, the Japanese automaker said on Friday, as it ramps up spending to electrify its vehicles and considers investing in battery production. Moro, 62, currently a director and senior managing executive officer, had previously served …
Mazda to appoint former North America head Moro as next CEO Read More »
By David Shepardson WASHINGTON (Reuters) -The chair of a U.S. House of Representatives panel wants TikTok CEO Shou Zi Chew to address questions next week about the popular Chinese-owned video app’s efforts to protect children from inappropriate content and potential exploitation. Chew will be appearing for the first time before Congress when he testifies before …
U.S. lawmaker wants TikTok CEO to detail actions to protect kids Read More »
(In March 2 story, corrects first and second paragraphs to show the addition of one unit of BGI Genomics to the list and three total units of BGI Group) By Alexandra Alper and David Shepardson (Reuters) -The Biden administration on Thursday added 37 companies to a trade blacklist, including a unit of Chinese genetics company …
US adds units of China’s BGI, Inspur to trade blacklist Read More »
