Reuters Asia Business

By Ben Blanchard and Sarah Wu TAIPEI (Reuters) -Taiwan on Thursday proposed larger tax breaks for technology companies’ research and development (R&D), seeking to retain its leading position in semiconductor manufacturing as other countries offer billions to bolster their chip industries. The economy ministry said it is imperative for Taiwan to remain competitive as countries …

Chip giant Taiwan eyes bigger tax breaks for tech R&D to retain competitive edge Read More »

By Clare Jim HONG KONG (Reuters) – Property developer China Evergrande Group plans to use domestic assets as sweeteners to win offshore creditor approval for a long-awaited debt-restructuring proposal, two people with knowledge of the matter told Reuters. Evergrande, engulfed by $300 billion in liabilities, aims to start negotiating restructuring terms next month and is …

Exclusive-Evergrande eyes onshore assets as sweetener for offshore debt restructuring -sources Read More »

By Vansh Agarwal (Reuters) – Grab Holdings Ltd bumped up its 2022 revenue forecast on Wednesday as demand booms for the Southeast Asian super-app’s rideshare and delivery services, sending its U.S.-listed shares up 7%. The results capped a strong July-September period in which Grab’s adjusted operating loss also narrowed and its food and grocery delivery …

Grab lifts revenue forecast, delivery business breaks even Read More »

SHANGHAI (Reuters) – Local authorities in China’s Henan province are urging retired soldiers and government workers to take on stints at Foxconn’s iPhone factory in Zhengzhou, the official Shanghai Securities News reported on Tuesday. The plant, the world’s largest iPhone manufacturing facility, has been hit by discontent over government mandated measures to curb the spread …

Chinese authorities call on retired soldiers to help Foxconn iPhone plant -SSN Read More »

(Reuters) -Billionaire Elon Musk said on Tuesday that Twitter’s sought-after blue check subscription service will be relaunched on Nov. 29, a minor delay from his initial tentative timeline to bring back the service on the social media platform. “Punting relaunch of Blue Verified to November 29th to make sure that it is rock solid,” Musk …

Musk to relaunch Twitter’s blue check subscription on Nov 29 Read More »

BEIJING (Reuters) -China will step up implementation of its prudent monetary policy and stabilise employment and prices in an effort to consolidate and improve an upward trend of the economy amid rising downside risks from the global economy, its central bank on Wednesday. Beijing will keep liquidity ample, guide commercial banks to expand medium- and …

China to step up prudent monetary policy, expand upward economic trend -central bank Read More »