Reuters Asia Business

HONG KONG (Reuters) – Residents leaving Hong Kong permanently withdrew HK$1.716 billion ($218.65 million) from pension accounts in the fourth quarter of 2022, down 28% from a year earlier, government data showed on Tuesday. A total of 7,000 claims to withdraw money from the Mandatory Provident Fund (MPF) were made over October-December by people moving …

Relocating Hong Kongers withdrew $219 million from pensions in Q4, down 28% y/y Read More »

By Rae Wee and Tom Westbrook SINGAPORE (Reuters) – The threat of China invading Taiwan, long considered a highly improbable event, has moved to the centre of global money managers’ risk radars and is factoring in their investment decisions, analysts say. Fund managers say they are fielding more queries from clients about the odds of …

Analysis-Investors consider battle plans amid risk of China-Taiwan conflict Read More »

BEIJING (Reuters) – Tian Huiyu, a former president of China Merchants Bank, was charged for suspected bribery and insider trading, China’s top prosecutor said on Tuesday. Tian, also the bank’s former party secretary, abused his positions in the bank and previous roles to benefit others in exchange for “exceptionally huge” bribes, the Supreme People’s Procuratorate …

Former president of China Merchants Bank charged with bribery – Chinese prosecutor Read More »

BEIJING (Reuters) – China says the United States is overstretching the concept of national security, abusing state power to suppress foreign companies after the White House gave government agencies 30 days to remove Chinese-owned app TikTok on federal devices. “We firmly oppose those wrong actions,” said Chinese foreign ministry spokesperson Mao Ning at a regular …

China says US overstretching concept of national security on TikTok ban -Chinese foreign ministry Read More »

By Ismail Shakil OTTAWA (Reuters) -Canada on Monday announced a ban on Chinese-owned social media app TikTok from government-issued devices, saying it presents an “unacceptable” level of risk to privacy and security, adding to the growing rift between the two countries. The move underscores the growing lobby against TikTok, owned by Chinese firm ByteDance Ltd, …

Canada bans TikTok from government devices citing security risks Read More »

By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department and other government agencies approved about 69.9% of export license applications involving China in the 2022 budget year, according to written testimony made public ahead of a U.S. House hearing Tuesday. Under Secretary of Commerce for Industry and Security Alan F. Estevez will tell the …

U.S. approved 70% of export license applications from China in 2022 Read More »

By Lawrence Delevingne and Amanda Cooper (Reuters) -Wall Street and global shares rebounded on Monday on positive economic data and bargain hunting, but remained within sight of recent six-week lows as investors prepared for higher interest rates in the United States and Europe. U.S. core capital goods orders accelerated in January, beating forecasts, according to …

Wall Street gets respite from positive data, pause in dollar rally Read More »

By Jane Lanhee Lee OAKLAND, Calif. (Reuters) – Paris-based startup Prophesee, a maker of camera chips inspired by the way the human eye works, said on Monday it has signed a multi-year deal with Qualcomm Inc to be used with the smartphone technology giant’s product. While today’s camera chips continuously process the full frame of …

Camera chip startup Prophesee and Qualcomm sign multi-year deal Read More »