Reuters Asia Business

(Reuters) -China has launched a trade dispute at the World Trade Organization against the United States over its chip export control measures, China’s commerce ministry said. The United States passed a sweeping set of regulations in October aimed at kneecapping China’s semiconductor industry, prompting a complaint from a top China trade group. “China takes legal …

China starts WTO dispute against U.S. chip export curbs Read More »

By Asif Shahzad ISLAMABAD (Reuters) -Pakistan will likely secure a multibillion-dollar financial support package from long-time ally Saudi Arabia this month, two sources said, as the country’s ninth review of a $7 billion IMF bailout ran into snags. The two finance ministry officials said the Saudi package would include deposits boosting the country’s foreign reserves …

Pakistan expects multibillion-dollar support from Saudi Arabia Read More »

(Reuters) – China’s loosening COVID-19 rules would likely lead to higher oil demand and in turn prices might increase by around $15 per barrel, Goldman Sachs said in a note on Sunday. “Chinese oil demand could rise by 1 million barrels per day on average from 2022 to 2023,” the bank’s Economics Research unit said. …

Goldman Sachs says China’s reopening could lift oil by 15/bbl Read More »

By Sam Tobin LONDON (Reuters) – The billionaire co-founder of Guangzhou R&F Properties Co Ltd is wanted in the United States accused of paying kickbacks to obtain permits for a construction project in San Francisco, a court in London heard on Monday. Zhang Li, the chief executive of Hong Kong-listed developer R&F, is wanted on …

Guangzhou R&F co-founder wanted in U.S. for ‘bribery’, London court hears Read More »

By Scott Murdoch and Kane Wu SYDNEY/HONG KONG (Reuters) – Morgan Stanley plans to slash investment bankers’ annual bonuses by as much as 50% in Asia, said two people with direct knowledge of the matter, as the Wall Street firm reins in costs to tackle tough market conditions that have hit its revenue. The scale …

Exclusive-Morgan Stanley to slash 2022 banker bonuses in Asia by up to half – sources Read More »

TAIPEI (Reuters) – Taiwan’s central bank is expected to raise its policy rate again this week at the same mild pace as before, according to economists polled by Reuters, but as exports and inflation slow it may hold that rate steady next year to support the economy. The central bank is likely to lift the …

Taiwan central bank likely to announce another mild rate hike: Reuters Poll Read More »

By Martin Quin Pollard WUHAN, China (Reuters) – Infections are delivering a fresh kick in the teeth for many small businesses in China’s central city of Wuhan, despite the easing of most stringent curbs last week. With the sick and those fearing infection keeping to their homes, hopes of brighter prospects after the end of …

Businesses in China’s Wuhan face fresh worries after COVID easing Read More »

By Julie Zhu and Scott Murdoch HONG KONG (Reuters) – Zeekr, Chinese automaker Geely’s upmarket electric car brand, has confidentially filed for a U.S. initial public offering, aiming to raise more than $1 billion, three sources with direct knowledge of the matter told Reuters. In what would be the first major Chinese float in the …

Exclusive-Geely’s premium electric car brand Zeekr seeks over $1 billion in U.S IPO – sources Read More »