Reuters Asia Business

GENEVA (Reuters) -Japan has become the latest country to join an alternative mechanism for resolving disputes to the World Trade Organization, it said in a statement on Friday, in a move that observers say could urge others to follow suit. The top appeals bench of the global trade watchdog which rules on trade disputes has …

Alternative to WTO trade arbitration gains steam as Japan joins Read More »

BRUSSELS (Reuters) -Belgian federal government employees will no longer be allowed to use the Chinese-owned video app TikTok on their work phones, Belgian Prime Minister Alexander De Croo said on Friday. De Croo said the Belgian national security council had warned of the risks associated with the large amounts of data collected by TikTok, which …

Belgium bans TikTok from federal government work phones Read More »

By Ernest Scheyder and Stephanie Kelly HOUSTON (Reuters) -U.S. Senator Joe Manchin said on Friday he is “totally opposed” to allowing Chinese battery maker CATL to access U.S. tax dollars that finance electric vehicle purchases as part of its partnership with Ford Motor Co. The blunt statements from Manchin, who wrote the Inflation Reduction Act …

CERAWEEK-U.S. Senator Joe Manchin blasts Ford’s battery deal with China’s CATL Read More »

By Naomi Rovnick and Mehnaz Yasmin LONDON (Reuters) – For months, investors had shrugged off the threat of rising interest rates. That changed this week. U.S. tech bank SVB Financial Group’s scramble for fresh capital, after losing $1.8 billion selling a package of bonds to meet depositor demands for cash, sparked a global rout in …

Analysis-Californian tech bank SVB sows global fear about rising cost of money Read More »

By Norihiko Shirouzu, Maki Shiraki and David Dolan TOKYO (Reuters) – Nissan Motor Co’s new Ariya electric vehicle has been hampered by problems at its high-tech production line, four people familiar with the matter said, slowing delivery of a car designed to put the automaker on the road to a comeback. Unveiled in 2020 to …

Exclusive-Nissan’s electric comeback stalled by Ariya production woes Read More »

By Judy Hua and Kevin Yao BEIJING (Reuters) – China reported unexpectedly strong credit growth for February, with money supply expanding at the fastest pace in nearly 7 years, as Beijing looks to support a nascent economic recovery amid rising global risks. The government’s lifting of harsh pandemic curbs in December and other policy easing …

China’s February credit grows faster than expected, supporting recovery Read More »

By Hari Kishan BENGALURU (Reuters) – Home prices in several major markets will extend their decline this year, according to a global Reuters poll of property analysts who either predicted slightly steeper drops or kept their view steady from a survey three months ago. Even greater drops may be in the offing, since the forecasts …

Global house prices set to extend declines, risk of more with higher rates: Reuters Poll Read More »

ASTANA (Reuters) – Japan’s Inpex will send a test batch of 7,000 tonnes of Kashagan crude from Kazakhstan via the Baku-Tbilisi-Ceyhan (BTC) pipeline this month, pipeline operator KazTransOil said on Friday. Kashagan crude is usually shipped via the Caspian Pipeline Consortium (CPC) which crosses Russia, but companies have started testing other routes after several interruptions …

Japan’s Inpex to send test batch of Kashagan crude via BTC pipeline Read More »

(Reuters) – Indonesia’s biggest tech firm PT Goto Gojek Tokopedia announced on Friday another round of layoffs aimed at streamlining the organisation and boosting the company’s profitability. About 600 roles will be affected, the company said in a statement, following 1,300 jobs that were cut late last year. “One such change is the consolidation of …

Indonesia tech firm GoTo to cut 600 more jobs – statement Read More »