Reuters Asia Business

U.S. to expand solar panel tariffs after probe finds Chinese evasion

3 Dec 2022

By Nichola Groom (Reuters) -The United States will impose new duties on imports from some major Chinese solar panel makers after a months-long investigation found they were trying to dodge tariffs by finishing their products in Southeast Asian countries, trade officials said on Friday. The preliminary decision was bad news for U.S. solar project developers …

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U.S. judge dismisses indictment against Huawei CFO that strained U.S.-China relations

2 Dec 2022

By Karen Freifeld and Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Friday dismissed an indictment against Meng Wanzhou, the chief financial officer of Huawei Technologies Co, formally ending a criminal sanctions case that strained U.S.-China relations. Meng, whose father Ren Zhengfei founded Huawei and is the telecommunications company’s chief executive, entered an …

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As IMF funding delayed, Pakistan expects $3 billion from friendly country

2 Dec 2022

By Asif Shahzad ISLAMABAD (Reuters) -Pakistan expects to secure $3 billion in external financing from a friendly country in two weeks, its finance minister said on Friday as the South Asian country awaits IMF funding. An International Monetary Fund (IMF) review for the release of its next tranche of funding has been pending since September, …

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Factbox-Global banks take axe to jobs as cost pressures mount

2 Dec 2022

LONDON (Reuters) – Banks typically trim jobs towards the end of the year, but 2022 has seen a bigger wave of redundancies and layoffs. Rising cost pressures as a result of inflation and shrinking revenues in many core business lines amid volatile markets are making bank bosses nervous about profitability in 2023. The following major …

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German strategy paper targets China trade dependence

2 Dec 2022

By Andreas Rinke and Sarah Marsh BERLIN (Reuters) -Germany’s Economy Ministry recommends excluding using components from providers from authoritarian states in critical infrastructure and imposing stricter requirements for firms dealing with China, a strategy paper seen by Reuters shows. Those German firms particularly exposed to China should share details on that business with the government …

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Exclusive-China’s top banks to issue offshore loans to help developers repay debt -sources

2 Dec 2022

By Julie Zhu, Engen Tham and Jing Xu HONG KONG/SHANGHAI/BEIJING (Reuters) -China has ordered its top four state-owned banks to issue offshore loans to help developers repay overseas debt, three people with knowledge of the matter told Reuters, in Beijing’s latest support measure for the cash-starved property sector. The regulators have given the banks ‘window …

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Up, down, up again: Japan’s soccer-related stocks mirror Samurai Blue’s performance

2 Dec 2022

By Nobuyo Saito TOKYO (Reuters) – Japanese shares of soccer-related companies had a good day on Friday as they mirrored the national team’s roller-coaster performance at the World Cup where the “Samurai Blue” delivered another shocking win, this time over global powerhouse Spain. Having also beaten four-times champions Germany in their first match last week, …

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