Reuters Asia Business

By Toby Sterling and Philip Blenkinsop AMSTERDAM (Reuters) – The Dutch government has not yet defined crucial aspects of new restrictions on chip-technology exports to China including whether ASML Holding NV can service chip-printing machines the company has already sold in the country. “Those details still need to be worked out,” Dutch Trade Minister Liesje …

ASML, China customers haunted by uncertainty on new Dutch chip export rules Read More »

By Luc Cohen NEW YORK (Reuters) -Former Goldman Sachs banker Roger Ng was sentenced to 10 years in prison on Thursday, after he was convicted of helping loot billions of dollars from Malaysia’s 1MDB sovereign wealth fund. A jury in federal court in the New York City borough of Brooklyn last April found Ng, Goldman’s …

Ex-Goldman banker Ng sentenced to 10 years prison in 1MDB corruption case Read More »

By Richard Valdmanis and Ernest Scheyder HOUSTON – Officials from President Joe Biden’s administration warned leaders of the U.S. clean energy transition this week to decarbonize quickly and keep the supply chain out of China’s control. Washington’s message at the CERAWeek energy conference in Houston reflects growing concern that the rapid investment it is encouraging …

CERAWEEK-Don’t let China control clean energy supply chain, US officials warn Read More »

By Matt Tracy WASHINGTON (Reuters) – The downgrade of Nissan Motor’s credit rating from investment grade to junk by S&P Global on Tuesday marks the start of a cycle that could see as much as $55 billion of so-called “fallen angels” this year, said fund managers. Global supply-chain disruptions, higher labor costs and persistently high …

Nissan downgrade seen as start of ‘fallen angels’ cycle Read More »

By Laila Kearney (Reuters) – New solar installations in the U.S. dropped 16% to 20.2 gigawatts (GW) in 2022 from the prior year, largely because a ban on some Chinese goods limited the availability of panels, according to a market report released on Thursday.    The quarterly report by the Solar Energy Industries Association and …

U.S. solar installations fell 16% in 2022, but market rebounding -report Read More »

YOKOHAMA, Japan (Reuters) – Nissan Motor Co Ltd on Thursday said it will overhaul its approach to powertrains for all-electric and hybrid petrol-electric vehicles as it aims to bring hybrid prices in line with those of petrol-powered cars by 2026. The Japanese automaker said it will use the same components across models to make electric …

Nissan to overhaul electric powertrains for EVs, hybrids in search of cost cuts Read More »

By Yena Park and Jihoon Lee SEOUL (Reuters) -South Korea’s finance minister said on Thursday foreign exchange authorities were in talks to reactivate market stabilizing measures, including a foreign exchange swap programme between the pension fund and central bank. “The measures we took in the fourth quarter to stabilize the foreign exchange market will continue …

South Korea to reactivate FX swap between pension fund, cenbank Read More »

By Asif Shahzad ISLAMABAD (Reuters) -Pakistan’s Finance Minister Ishaq Dar said on Thursday his country was “very close” to signing a staff level agreement with the International Monetary Fund, a critical lifeline for taming a balance of payment crisis. “We seem to be very close to signing the staff level agreement, hopefully, God willing, in …

Pakistan ‘very close’ to signing IMF agreement -finance minister Read More »