By Rachna Uppal ABU DHABI (Reuters) -Binance Chief Executive Changpeng Zhao said on Wednesday there was significant interest from industry players in a recovery fund his company plans to launch to help crypto projects facing a liquidity squeeze following the collapse of rival FTX. Speaking at a conference in Abu Dhabi, Zhao said he doesn’t …
Binance CEO Zhao: Significant interest in crypto industry recovery fund Read More »
By Chayut Setboonsarng and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economic stimulus policies will be more targeted toward vulnerable groups and low-income households, Finance Minister Arkhom Termpittayapaisith said on Wednesday. “Government stimulus will be lessened as more people come back to work,” he told a business forum, adding that growth was being driven by exports, …
Thai government spending to target low-income groups – Finance Minister Read More »
JAKARTA (Reuters) – Indonesia has issued a regulation standardising banks’ investments into financial technology companies in response to a booming digital finance sector, the country’s financial regulator said in a statement on Wednesday. Before this, there were no specific rules on such investments. Some Indonesian banks have already invested in fintech firms through their venture …
Indonesian regulator gives banks green light to invest in fintech Read More »
By Satoshi Sugiyama TOKYO (Reuters) – Toyota Motor Corp rolled out a 2-litre plug-in version of its Prius on Wednesday, in an attempt to reboot the 25-year-old hybrid that was once at the cutting edge of low-emissions technology and appeal more widely to cost-conscious drivers. Toyota billed the new Prius, with its shark-like front and …
Toyota revamps Prius in bid to give hybrids back their halo Read More »
TOKYO (Reuters) -Japanese chipmaker Rohm Co Ltd said on Wednesday it was considering joining a consortium led by private equity fund Japan Industrial Partners (JIP) to buy out Toshiba Corp, as JIP works to consolidate its proposal. The Nikkei newspaper reported that Kyoto-based Rohm planned to invest up to about 300 billion yen ($2.14 billion) …
Japanese chipmaker Rohm considering joining JIP for Toshiba buyout Read More »
By Ben Blanchard and Sarah Wu TAIPEI (Reuters) -Taiwan President Tsai Ing-wen has decried what she called “rumours” about the risk of investing in the island’s semiconductor industry and said the government was working hard to ensure investments continued. Taiwan, home to the world’s largest contract chipmaker TSMC as well as several other chip manufacturers, …
Taiwan president decries ‘rumours’ about the island’s chip investment risk Read More »
By Angus Berwick, Anirban Sen, Elizabeth Howcroft and Lawrence Delevingne (Reuters) – As customers withdrew billions of dollars from crypto exchange FTX one frantic Sunday this month, founder Sam Bankman-Fried worked the phones in a futile bid to raise $7 billion in emergency funds. Hunkered in his Bahamas apartment, Bankman-Fried toiled through the night, calling …
By Stefanno Sulaiman JAKARTA (Reuters) – Coal miner PT Indika Energy and Taiwan-based Foxconn, which are partnering to make electric vehicles in Indonesia, are considering bringing in a Thai firm as a third partner, Indika’s top executive told Reuters on Wednesday. Arsjad Rasjid, President Director of Indonesian miner Indika, declined to name the Thai company …
Indonesia’s Indika, Taiwan’s Foxconn mull EV partnership with Thai firm Read More »
By Clare Jim HONG KONG (Reuters) – Global investors Warburg Pincus and Greystar Real Estate Partners are pushing deeper into China’s rental housing, as a growing number of distressed developers are looking to divest some of their assets to temper a stifling liquidity crunch. The two asset managers, whose focus is on top tier Chinese …
In China’s property crisis, global asset managers see opportunity in rental housing Read More »
By Akriti Sharma and Daniel Leussink (Reuters) – Collapsed crypto exchange FTX outlined a “severe liquidity crisis” in U.S. bankruptcy filings, which said the group could have more than 1 million creditors, as regulators opened probes and the crypto pain spread with the Wall Street Journal reporting BlockFi was planning layoffs and a possible bankruptcy …
FTX creditors may number over 1 million as regulators seek answers Read More »
