TAIPEI (Reuters) -Taiwan has “smooth” communication channels with the United States and the two will keep talking on issues such as exchange rate policy, a Taiwanese central bank official said on Friday after the U.S. Treasury kept the island on its monitoring list. Taiwan again exceeded the thresholds for two of three criteria on U.S. …
Taiwan to continue U.S. communications on exchange rate policy Read More »
By Huw Jones LONDON (Reuters) – Systemic vulnerabilities in investment funds and other “non-banks” that make up almost half the world’s financial system will be addressed by tweaking existing rules before assessing whether more radical action was needed, a G20 watchdog said on Thursday. Central banks had to inject liquidity when money market funds ran …
G20 watchdog in step-by-step approach to funds sector ‘vulnerabilities’ Read More »
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – The trust bank unit of Japan’s Mizuho Financial Group Inc is fielding about 100 enquiries a month from companies seeking advice on shareholder engagement, highlighting deepening pressure from activist investors in Japan. The number of such enquiries “has more than tripled or quadrupled from last year, …
Mizuho Trust seeing surge in advisory requests as activists target Japan Read More »
TOKYO (Reuters) -Japanese companies, including Nippon Telegraph and Telephone Corp and Kioxia Holdings Corp, have decided to invest in a new government-backed company that aims to mass-produce next-generation logic semiconductors, TV Tokyo reported on Thursday. Other companies, including Toyota Motor Corp, Sony Group, SoftBank and Denso Corp, also plan to invest about 1 billion yen …
NTT, Kioxia to invest in new Japan-backed logic semiconductor firm – TV Tokyo Read More »
BEIJING (Reuters) – China’s most important auto fair, the Beijing International Automobile Exhibition, will not ahead in 2022 due to the city’s COVID-19 situation, its organiser said in a notice on Thursday. (Reporting by Beijing newsroom; Editing by Jan Harvey)
ISLAMABAD (Reuters) – Pakistan will receive $500 million as co-financing for the BRACE development program from the Asian Infrastructure Investment Bank (AIIB), the country’s finance minister Ishaq Dar said on Wednesday. The BRACE (Building Resilience with Active Counteryclical Expenditures Program) is an Asian Development Bank financing programme to counter the social fallouts of economic crisis. “These funds …
By Aditya Soni and Nivedita Balu (Reuters) – Meta Platforms Inc said on Wednesday it would cut more than 11,000 jobs, or 13% of its workforce, as the Facebook parent doubled down on its risky metaverse bet amid a crumbling advertising market and decades-high inflation. The mass layoffs, among the biggest this year and the …
Meta cuts 11,000 jobs as it sinks more money into the metaverse Read More »
SHANGHAI/BEIJING (Reuters) -China’s auto sales rose at their slowest pace in five months in October, from a weak base a year ago, as zero-COVID policies kept consumers away from showrooms and weighed on sentiment, while the effect of incentives for buyers also waned. The world’s biggest auto market posted sales of 2.51 million units in …
China auto sales rise at slowest pace in five months in Oct – industry body Read More »
(Reuters) – Boeing said on Thursday that Japan’s Skymark Airlines plans to add up to 12 737 MAX airplanes to its fleet. Skymark will order four airplanes, including the 737 MAX-8 and 737 MAX-10 variants, with options for two additional jets, while it will lease six 737 MAX-8s to its fleet, Boeing said in a …
Japan’s Skymark Airlines plans to buy Boeing’s 737 MAX Airplanes Read More »
BANGKOK (Reuters) – A rebound in Asian airline travel is “doing well” going into 2023 based on forward bookings, Subhas Menon, director general of the Association of Asia Pacific Airlines (AAPA), said on Thursday. Speaking on the sidelines of the group’s meeting in Bangkok, Menon told reporters that airlines underestimating pent-up demand had led to …
Asia airline travel underpinned by 2023 forward bookings -industry body Read More »
