By Joyce Lee SEOUL (Reuters) -South Korea’s second-largest conglomerate SK Group is considering selling some of its assets in Southeast Asia and reinvesting in other businesses in countries in the region, including Vietnam, a South Korean newspaper reported. “We are considering some asset adjustments as part of regular changes to our portfolio from time to …
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BEIJING (Reuters) – Shipments of smartphones within China in October fell 27.2% year on year to 23.78 million handsets, a report from the China Academy of Information and Communications Technology said on Monday. Over January to October smartphone shipments fell 22% from the same period last year to 215 million units. (Reporting by Beijing newsroom; …
China’s October domestic smartphone shipments fell 27.2% Read More »
BEIJING (Reuters) – China’s State Administration for Market Regulation (SAMR) has fined China National Knowledge Infrastructure (CNKI) 87.6 million yuan ($12.6 million) for abusing a “dominant market position”, the watchdog said on its website on Monday. SAMR launched an antitrust investigation into the Chinese academic database in May. ($1 = 6.9601 Chinese yuan renminbi) (Reporting …
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By Leika Kihara TOKYO (Reuters) -Bank of Japan (BOJ) Governor Haruhiko Kuroda on Monday brushed aside the chance of a near-term exit from ultra-loose monetary policy, although markets and policymakers are signalling an increasing focus on what comes after Kuroda’s tenure ends. Investors have continued to push up Japanese government bond (JGB) yields on expectations …
BOJ Kuroda dismisses near-term chance of exiting easy policy Read More »
TOKYO (Reuters) – Three Japanese insurance companies that are set to halt marine coverage of risks related to the war in Ukraine starting next month are in talks with reinsurers to resume those operations, they said on Monday. Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance on Friday told shipowners …
Japan insurers in talks with reinsurers to resume coverage in Russian waters Read More »
TOKYO (Reuters) – Toyota Motor Corp reported on Monday a 1.5% rise in November global vehicle output, reaching a new record of 833,104. Domestic production slid 3.3% to 266,174 vehicles, while overseas output rose 3.8% to an all-time high of 566,930 for the month. Global sales and production in November exceeded last year’s levels due …
Toyota’s Nov global vehicle production rises 1.5% to record 833,104 Read More »
SEOUL (Reuters) – Samsung Electronics plans to increase chip production capacity at its largest semiconductor plant next year, despite forecasts of an economic slowdown, a South Korean newspaper reported late on Sunday. The move contrasts with the scaling back of investment by rival chipmakers amid falling demand and a glut of chips. Analysts have said …
Samsung Elec to expand chip production at largest plant next year – media Read More »
(Reuters) -Saudi Arabia and Japan signed a memorandum of cooperation (MoC) on Sunday in the fields of the circular carbon economy, carbon recycling, clean hydrogen and fuel ammonia, the Saudi Energy Ministry said on Twitter. The MoC was signed by Saudi Energy Minister Prince Abdulaziz bin Salman and Japanese Industry Minister Yasutoshi Nishimura, who is …
Japan minister signs clean energy cooperation document during Saudi visit Read More »
SHANGHAI (Reuters) – Tesla suspended production at its Shanghai plant on Saturday, according to an internal notice and two people with knowledge of the matter, bringing ahead a previous plan to pause most work at the plant in the last week of December. The U.S. automaker cancelled the morning shift and told all workers at …
SHANGHAI (Reuters) – A top advisor to the People’s Bank of China on Saturday called for strengthening of real estate policy in light of sluggish economic growth over the past several years as China has pursued its zero-COVID policy. Wang Yiming, a member of the Monetary Policy Committee of the People’s Bank of China, told …
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