Reuters Asia Business

TOKYO (Reuters) – Japan’s nationwide consumer price inflation likely hit a fresh 40-year high in November, as firms increasingly passed on high energy, food and raw material costs to households, a Reuters poll showed. November’s nationwide core consumer price index (CPI), which excludes volatile fresh food prices but includes energy, will likely show a rise …

Japan Nov consumer inflation likely to hit fresh four-decade high – Reuters poll Read More »

NEW YORK (Reuters) – A consortium comprising a Singapore sovereign wealth fund, a Canadian pension fund and a British investment manager has acquired chassis lessor Direct ChassisLink from buyout firms Apollo Global Management Inc and EQT Partners AB for about $3.6 billion, including debt, people familiar with the matter said on Thursday. The deal’s completion …

Direct ChassisLink changes hands in $3.6 billion deal-sources Read More »

By Chris Prentice, Xie Yu and Susan Heavey NEW YORK/HONG KONG/WASHINGTON (Reuters) – The U.S. accounting watchdog on Thursday said it has gotten full access to inspect and investigate firms in China for the first time ever, removing the risk that around 200 Chinese companies could be kicked off U.S. stock exchanges. The statement from …

Chinese firms avert delisting as U.S. audit watchdog gets full inspection access Read More »

WASHINGTON (Reuters) – The Biden administration on Thursday added Chinese memory chipmaker YMTC and 21 “major” Chinese players in the artificial intelligence chip sector to a trade blacklist, broadening its crackdown on China’s chip industry. YMTC was added to the list over fears it could divert American technology to previously blacklisted Chinese tech giants Huawei …

Factbox-Chinese companies added to U.S. entity list Read More »

By Alexandra Alper WASHINGTON (Reuters) -The Biden administration on Thursday added Chinese memory chipmaker YMTC and 21 “major” Chinese players in the artificial intelligence chip sector to a trade blacklist, broadening its crackdown on China’s chip industry. YMTC, long in the crosshairs of the U.S. government, was added to the list over fears it could …

Biden blacklists China’s YMTC, crackdowns on AI chip sector Read More »

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen met with China’s ambassador to the United States, Qin Gang, on Thursday to discuss their “views on global macroeconomic and financial developments,” the Treasury Department said in a statement. The meeting comes as the Biden administration has said it hopes to keep lines of communication open with …

Yellen, China’s ambassador discuss economic developments, U.S. Treasury says Read More »

By Charlotte Greenfield and Mohammad Yunus Yawar KABUL (Reuters) – In one of the office towers of Kabul’s China Town, entrepreneur Yu Minghui sat gauging the aftershocks of the militant attack that severely wounded five of his compatriots in a city centre hotel. Armed men opened fire in the Longan Hotel on Monday, part of …

Chinese investors weigh risks after Kabul hotel attack Read More »

By Georgina Lee HONG KONG (Reuters) – Two exchange traded funds (ETF) that track U.S.-listed cryptocurrency futures have raised a combined $73.6 million ahead of their debut on the Hong Kong stock exchange on Friday in defiance of the sector’s meltdown. Cryptocurrencies have endured months of turmoil, with the collapse of crypto exchange FTX the …

Amid crypto turmoil, Hong Kong debuts first crypto futures ETFs Read More »

(Reuters) – Fitch Ratings affirmed China’s ratings at ‘A+’ with a stable outlook on Thursday. Fitch forecasted China’s economy to grow by 4.1% in 2023, up from 2.8% in 2022, the statement added. (Reporting by Mrinmay Dey in Bengaluru; Editing by Raissa Kasolowsky)