Reuters Asia Business

Exclusive-SoftBank’s Arm China lays off workers as outlook grim -sources

12 Feb 2023

By Jane Lanhee Lee, Josh Horwitz and Stephen Nellis OAKLAND, Calif/SHANGHAI (Reuters) -SoftBank Group Corp’s chip technology firm Arm Ltd’s China joint venture laid off 90-95 employees last week to cope with a challenging business outlook this year, according to two sources familiar with the situation. The layoffs come as SoftBank tries to set up …

Exclusive-SoftBank’s Arm China lays off workers as outlook grim -sources Read More »

China’s Sany Heavy Industry moves closer to Frankfurt listing

11 Feb 2023

SHANGHAI (Reuters) – Sany Heavy Industry Co, China’s biggest maker of engineering machinery, published a set of revised internal rules on Saturday in preparation for a Frankfurt listing – potentially the first there under a mechanism for cross-border listings and investment. China last year expanded the Shanghai-London Stock Connect to include Switzerland and Germany, since …

China’s Sany Heavy Industry moves closer to Frankfurt listing Read More »

Crucial $1.1 billion IMF deal eludes Pakistan for now; talks continue

11 Feb 2023

By Ariba Shahid KARACHI (Reuters) – Pakistan and the International Monetary Fund are to resume talks online next week they said on Friday, after ten days of face-to-face discussions in Islamabad on how to keep the country afloat ended without a deal. With the nuclear-armed nation in the grip of a full-blown economic crisis, the …

Crucial $1.1 billion IMF deal eludes Pakistan for now; talks continue Read More »

China tightens requirements on classifying banks’ asset risks

11 Feb 2023

SHANGHAI (Reuters) – China on Saturday tightened risk management requirements on banks, requiring them to classify financial-asset risks in a timely and prudent manner, in a bid to better assess lenders’ credit risks. From July 1, banks must classify assets beyond the currently required loans – including bond investment, interbank lending and off-balance-sheet assets – …

China tightens requirements on classifying banks’ asset risks Read More »

Biden plans to bar some U.S. investments in China, track others -sources

11 Feb 2023

By Karen Freifeld and Alexandra Alper WASHINGTON (Reuters) -The Biden administration plans to outright ban investments in some Chinese technology companies and increase scrutiny of others, three sources said, part of its plan to crack down on the billions that American firms have poured into sensitive Chinese sectors.  The ban is expected to apply to …

Biden plans to bar some U.S. investments in China, track others -sources Read More »

Marketmind: China CPI spy

11 Feb 2023

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Chinese inflation on Friday grabs the data spotlight in Asia at the end of a week in which hawkish Fed commentary has taken some froth of risk assets, as investors also ponder the market implications of deepening Sino-U.S. …

Marketmind: China CPI spy Read More »

Dollar rises as investors look to next week’s inflation report; yen gains

11 Feb 2023

(Recasts, adds new comment, U.S. data, updates prices) By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar gained on Friday as investors grew concerned about a U.S. inflation report next week that could show a number that is higher than markets forecast amid data showing expectations for a continued rise in prices over the next …

Dollar rises as investors look to next week’s inflation report; yen gains Read More »

Close Bitnami banner
Bitnami