By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar slipped against the euro on Wednesday, but its losses were capped as traders were hesitant to make any big bets ahead of next week’s central bank meetings, including the Federal Reserve and the European Central Bank. In addition, much of Asia is observing Lunar New Year …
Dollar eases as traders look to central banks for cues Read More »
By Toby Sterling AMSTERDAM (Reuters) – ASML Holding NV’s exports to mainland China will likely hold at last year’s level in 2023 despite ongoing U.S-Dutch government talks over new restrictions on the company’s sales to the country, CEO Peter Wennink said on Wednesday. ASML, which dominates the market for machines used in one step of …
ASML CEO expects steady China sales in 2023 despite restrictions Read More »
TOKYO/PARIS (Reuters) – Nissan and Renault are closing in on a sweeping overhaul of their globe-spanning automaking alliance as top executives meet on Thursday for talks to reset the two-decade-old partnership and chart a course for an uncertain electric future. Leaders of Nissan Motor Co Ltd and Renault SA are meeting via video link for …
Nissan and Renault close in on overhaul of alliance Read More »
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s central bank raised its key interest rate by 25 basis points for a fourth consecutive meeting on Wednesday, in an attempt to curb high inflation even as the return of Chinese tourists brightens the country’s economic growth prospects. With last year’s headline inflation at a 24-year …
Thai central bank raises key rate as economy recovers, flags further hikes Read More »
By Toby Sterling VELDHOVEN, Netherlands (Reuters) -ASML Holding NV, Europe’s largest technology company, beat fourth-quarter earnings forecasts on Wednesday and forecast a rise more than 25% in 2023 sales despite possible new curbs on its exports to China. The maker of equipment to produce semiconductors has struggled to meet demand as top customers TSMC, Samsung …
ASML beats earnings forecasts, sees 2023 growth amid China worries Read More »
TOKYO (Reuters) – Japan cut its view on the overall economy for the first time in 11 months in January, as China’s COVID-19 infections and a slowdown in global demand for tech and semiconductors hurt exports, especially to Asia. The government expects the economy, the world’s third largest, will pick up going forward but Japan …
Japan cuts economic view as exports to Asia weaken Read More »
JAKARTA (Reuters) – Indonesia plans to introduce a requirement for exporters to keep their foreign exchange earnings in the local banking industry for three months, a top government official was cited by media as saying on Wednesday. The government was discussing the plan with the central bank and a review on current requirements for export …
Indonesia to make exporters hold FX earnings onshore for 3 months -media Read More »
By Bernadette Christina JAKARTA (Reuters) -Indonesia’s palm oil exports fell 8.5% last year because of a volatile regulatory environment and sluggish output that is expected to continue this year, the Indonesia Palm Oil Association (GAPKI) said on Wednesday. The world’s top palm oil producer exported 30.8 million tonnes of palm oil product in 2022, down …
Indonesia’s 2022 palm oil exports fell 8.5%, output sluggish Read More »
(Reuters) – Japan’s IHI Corp has started studies on possible conversion of liquefied natural gas (LNG) receiving and storage terminals located close to gas-fired power plants into ammonia-based facilities, it said on Wednesday. IHI will look at possibility to modify LNG terminals in the second half of this decade, as it wants to use ammonia …
Japan’s IHI to study converting LNG terminals into ammonia-based facilities Read More »
TOKYO (Reuters) – Japan’s Hitachi Transport System Ltd said on Wednesday it would raise 127.2 billion yen ($975 million) by issuing a single preferred share to majority shareholder KKR & Co. It will also issue a second class of preferred share for 10 billion yen to KKR as an indemnity claim. Hitachi Transport is due …
Hitachi Transport to issue preferred share to KKR, raise $975 million Read More »
