Reuters Asia Business

TAIPEI (Reuters) – The U.S.-led “Fab 4” semiconductor alliance of Taiwan, the United States, Japan and South Korea held its first video meeting of senior officials last week focused on supply chain resilience, Taiwan’s Foreign Ministry said on Saturday. The United States last September convened the first meeting of the working group, colloquially called “Fab …

Taiwan says ‘Fab 4’ chip group held first senior officials meeting Read More »

By David Lawder BENGALURU (Reuters) – U.S. Treasury Secretary Janet Yellen said on Saturday that she believes the strong qualifications of the U.S. nominee to lead the World Bank, ex-Mastercard CEO Ajay Banga, will overcome any criticism of the selection process. In an interview, Yellen affirmed her support for the longstanding tradition of the United …

Yellen says World Bank nominee’s credentials will overcome selection criticism Read More »

(Reuters) – Bank of Japan (BOJ) Governor Haruhiko Kuroda on Saturday stressed anew the central bank’s resolve to maintain ultra-loose monetary policy, even as inflation continued to exceed its 2% target. Japan’s core consumer inflation hit a fresh 41-year high of 4.2% in January, data showed on Friday, keeping the central bank under pressure to …

BOJ’s Kuroda says he is resolved to keep ultra-loose policy Read More »

BEIJING (Reuters) – Chinese weather balloon manufacturer Zhuzhou Rubber Research & Design Institute said it had no connection to the balloon shot down by the United States earlier this month and was not a military company.     Zhuzhou Rubber, a unit of Chinese state chemical giant ChemChina, said it “is mainly engaged in manufacturing sounding …

Chinese weather balloon maker denies connection to downed spy balloon Read More »

By Orathai Sriring and Satawasin Staporncharnchai BANGKOK (Reuters) – Thailand’s economy is expected to grow 3.8% this year, helped by a rebound in the vital tourism sector, while inflation should cool to its target range, the finance minister said on Saturday. Domestic spending has increased and the government will accelerate large project investment to help …

Thai economy to grow 3.8% this year, inflation to ebb – minister Read More »