Reuters Asia Business

By Anshuman Daga SINGAPORE (Reuters) – A.P. Moller Capital, the asset management unit of Danish transportation and logistics giant A.P. Moller Group, said on Monday it aims to invest more than $750 million in the high-growth markets of South and Southeast Asia. The investment firm said in a statement it had set up an office …

A.P. Moller Capital plans $750 million infrastructure deals in South, Southeast Asia Read More »

By Lucy Craymer WELLINGTON (Reuters) – Expected damage to New Zealand’s economy from severe weather over the past three weeks has prompted financial markets to downgrade the outlook for interest rate rises. An initial disaster, flash flooding in Auckland, New Zealand’s largest city, hit on Jan. 27. Then on Feb. 12 to 15 a cyclone …

Disasters lower outlook for New Zealand interest rate rise Read More »

KABUL (Reuters) – The Taliban administration will move ahead with plans to turn former foreign military bases into special economic zones for businesses, the acting deputy prime minister for economic affairs said in a statement on Sunday. The acting commerce minister had told Reuters in December that his ministry was working on the plan for …

Taliban plans to turn former foreign bases into special economic zones Read More »

BEIJING (Reuters) – China’s banking regulator and the central bank plan to adopt a more differentiated regulatory system for assessing commercial banks’ capital adequacy and risk management, in a step to better prevent risks in the country’s financial system. The China Banking and Insurance Regulatory Commission and the People’s Bank of China on Saturday jointly …

China refines capital and risk management of commercial banks Read More »

HANOI (Reuters) – Vietnam’s electric vehicle (EV) maker VinFast is recalling 2,781 of its sports utility model VF8 sold in the domestic market to check and replace the bolt connecting the front brake caliper to the knuckle, the company said on Saturday. VinFast, which began operations in 2019, is gearing up to expand in the …

Vietnam’s EV maker VinFast recalls nearly 2,800 units domestically Read More »

By Xie Yu HONG KONG (Reuters) – Well-known Chinese dealmaker Bao Fan, founder of investment bank China Renaissance Holdings Ltd, has gone missing in the latest disappearance of a top business executive in the country, unnerving investors. The dealmaker’s disappearance is the latest in a series of cases of high-profile Chinese executives going missing with …

Factbox-Five facts about missing star Chinese dealmaker and his firm Read More »

BEIJING (Reuters) -The global buzz around Microsoft chatbot ChatGPT has spread to China, shoring up stocks in artificial intelligence (AI) related firms and prompting a flurry of local companies to announce rival projects. Like Microsoft and Google，Chinese tech giants such as Baidu and Alibaba as well as smaller start-ups have been working on AI projects …

Factbox-Chinese tech firms working on ChatGPT-style technology Read More »