HANOI (Reuters) – Vietnam’s electric vehicle maker VinFast said on Thursday it has struck a deal with U.S. car subscription service Autonomy to supply more than 2,500 units, its largest corporate order to date, as part of a plan to expand further in the market. VinFast, which ceased production of gasoline-powered cars in August, is …
SINGAPORE (Reuters) – The collapse of crypto exchange FTX has raised “very serious allegations that amount to potential fraud”, Singapore’s finance minister and deputy prime minister said on Thursday. Lawrence Wong said recent developments in the crypto market reinforced the city-state’s position that it was “on the right track” in focusing on digital assets innovation, …
Singapore’s deputy PM: FTX case has raised ‘serious allegations’ Read More »
By Selena Li and Xie Yu HONG KONG (Reuters) – China’s securities regulator has appointed a new head for its department leading talks aimed at resolving a lengthy U.S.-China dispute over company auditing and also has oversight of Chinese companies’ offshore listings, two people told Reuters. Huo Ruirong has been appointed director-general of the international …
China securities regulator names new key department head – sources Read More »
HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate eased to 3.8% in the August-October quarter, improving for the sixth consecutive period as economic activities revive in an easing COVID situation, the government said on Thursday. In the July-September period, the unemployment rate stood at 3.9%. “As long as the epidemic remains under control …
Hong Kong’s August-October unemployment eases to 3.8%, improving for 6th straight period Read More »
By Joyce Lee and Soo-hyang Choi SEOUL (Reuters) -South Korean and Saudi Arabian leaders pledged stronger ties on Thursday in the fields of energy, defence industry and building projects, as the oil-rich kingdom signed investment agreements worth $30 billion with South Korean companies. South Korean President Yoon Suk-yeol told Saudi Arabia’s Crown Prince Mohammed bin …
South Korea, Saudi to boost ties on energy, defence; $30 billion in deals signed Read More »
(Reuters) – The founder of collapsed crypto exchange FTX, Sam Bankman-Fried, said he regretted his decision to file for bankruptcy and, in an interview published by Vox, criticized regulators. Bankman-Fried said later on Twitter that the basis of the interview, an exchange of messages on the same platform, was not supposed to be public. The …
Bankman-Fried says filing for FTX bankruptcy was a mistake – Vox Read More »
JAKARTA (Reuters) – Indonesia’s central bank raised its key interest rate by 50 basis points for a third consecutive monthly meeting as it sought to rein in inflation expectations while supporting the rupiah. Bank Indonesia (BI) raised the 7-day reverse repo rate to 5.25%, as expected by the majority of economists polled by Reuters. It …
Indonesia central bank delivers another 50-bp hike Read More »
BEIJING (Reuters) – China’s imports and exports will face greater pressure in the fourth quarter, due to insufficient external demand, commerce ministry spokesperson Shu Jueting told a news conference on Thursday. The world’s second-biggest economy saw an unexpected contraction in exports and imports in October, the first simultaneous slump since May 2020, as a perfect …
China’s imports, exports will see greater pressure in Q4 – commerce ministry Read More »
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – The Philippine central bank raised its key policy rate by 75 basis points on Thursday, as previously flagged by its governor, to combat inflation and prevent the peso from declining further against the U.S. dollar. Bangko Sentral ng Pilipinas Governor Felipe Medalla, who as …
Philippines central bank raises policy rate by 75 bps Read More »
FRANKFURT (Reuters) – BASF Chief Executive Martin Brudermueller still sees China as a growth market despite unfavourable political developments, but there are “red lines” for the company’s presence there, he told the Handelsblatt newspaper on Thursday. There are “red lines for us, which are based on our value system and corporate principles. Once they are …
BASF CEO: China not suddenly bad, but there are red lines Read More »
