By Leika Kihara TOKYO (Reuters) – The Bank of Japan must thoroughly examine its stimulus programme and adjust interest rates more flexibly in response to cyclical economic swings, said Sayuri Shirai, an academic seen as a candidate to become deputy central bank governor next year. With Japan’s economy lacking momentum, the BOJ will likely need …
BOJ deputy governor candidate calls for more flexible rate policy Read More »
BEIJING (Reuters) -China’s banks should step up credit support for the economy, including expanding medium to long-term loans to support infrastructure investment, the central bank and the banking and insurance regulator said on Monday. Hurt by COVID-19 curbs and a sharp property downturn, China’s economy has been struggling to get back on its feet, even …
China tells banks to step up credit support for economy Read More »
By Nick Carey SOLIHULL, England (Reuters) – Chinese electric vehicle (EV) makers have set their sights on winning over European drivers and large corporate customers with more affordable cars that come with top safety ratings and lots of high-tech features. In the last few months, several Chinese EVs have received five-star European New Car Assessment …
Chinese carmakers target more European sales with five-star EVs Read More »
LONDON (Reuters) – Russian online retailer Ozon Holdings said on Monday it was opening an office in Shenzhen in China to boost cross-border sales to Russian shoppers on its platform. Russian companies have been rapidly boosting business ties with China as firms grapple with unprecedented Western sanctions. It follows a similar move into Turkey earlier …
Russia’s Ozon to open China office to boost cross-border sales Read More »
By Tetsushi Kajimoto TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki vowed on Monday to guide economic and fiscal policy in a “responsible” manner, as he urged lawmakers to enact a second extra budget with spending of $207 billion, backed mostly by new debt issuance. Prime Minister Fumio Kishida’s cabinet has compiled the spending plan …
Japan finance minister urges swift adoption of more spending measures Read More »
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s economy grew at its fastest pace in over a year in the third quarter, as a revival in tourism, increased consumption and a pick-up in private investment boosted growth, but the state planning agency flagged global growth risks ahead. Southeast Asia’s second-largest economy expanded 4.5% in …
Thai economy posts fastest growth in a year, global risks cloud outlook Read More »
JAKARTA (Reuters) – Indonesia’s annual economic growth may slow to 4.37% next year partly due to the impact of domestic monetary tightening, the country’s central bank (BI) governor told a parliamentary hearing on Monday. In last week’s policy meeting, BI maintained 2022 GDP growth forecast biased toward the upper end of 4.5% to 5.3%. BI …
Indonesia 2023 GDP growth may slow to 4.4% – central bank Read More »
By Sarah Wu TAIPEI (Reuters) -Taiwanese chipmaker TSMC is planning to produce chips with advanced 3-nanometre technology at its new factory in the U.S. state of Arizona but the plans are not completely finalised yet, the company’s founder Morris Chang said on Monday. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), a major Apple Inc supplier and …
TSMC planning advanced chip production in Arizona, says company’s founder Read More »
BEIJING (Reuters) – China’s exports to North Korea surged in 46.3% October from a month earlier, with foodstuffs including rice and sugar among the main items, though it shipped less COVID-related items except for rubber gloves, Chinese customs data showed on Sunday. Totaling $132.43 million in October, China’s exports to North Korea were 2.5 times …
China ships more rice, sugar and plastic bags to N. Korea as exports surge in Oct Read More »
(This Nov. 18 story has been corrected to say workers will be offered support by the company, not necessarily new jobs in paragraph 5) BERLIN (Reuters) – A manual transmission plant owned by Volkswagen’s joint venture with SAIC Motors will close next March, the carmaker said on Friday. The news was communicated to staff this …
Volkswagen-SAIC venture to close manual transmission plant in China Read More »
