Reuters Asia Business

By Hyunjoo Jin and Akash Sriram (Reuters) -Tesla Inc’s advanced driver assistant software will not gain regulatory approval in 2022, Chief Executive Elon Musk said, signaling that the company is not yet able to satisfy authorities that its cars can be driven without someone behind the wheel. The Silicon Valley automaker sells a $15,000 software …

Tesla cars will not be approved as fully self driving this year, Musk says Read More »

By David Lawder and Andrea Shalal WASHINGTON (Reuters) – Global financial leaders are digging into a long to-do list after International Monetary Fund and World Bank member countries sent them a clear message on what is needed to tackle overlapping crises: vast amounts of additional money. It’s a big ask, and one that may prove …

Analysis-Overlapping crises add urgency for IMF, World Bank resources, reforms Read More »

By Mimosa Spencer PARIS (Reuters) -Birkin bag maker Hermes flagged plans to hike prices by 5% to 10% in 2023 on rising costs and currency fluctuations, much more than in the past, after a sharp rise in sales over the third quarter with no signs of any slowdown yet. Echoing upbeat comments earlier this month …

Hermes plans big price rises, says no sign of slowdown Read More »

By Chayut Setboonsarng BANGKOK (Reuters) -Thailand’s telecommunications regulator cleared the merger of the country’s second and third largest mobile operators, True Corporation Pcl and Telenor ASA’s Total Access Communication Pcl (DTAC) with conditions. The conditions include a price ceiling and price controls, the National Broadcasting and Telecommunication Commission (NBTC) said in a statement on Thursday. …

Thai telco regulator gives conditional clearance to True, DTAC merger Read More »

By Ludwig Burger and Natalie Grover FRANFURT/LONDON (Reuters) -Merck KGaA does not anticipate that a projected decline in smartphone sales this year will weigh on its semiconductor chemicals business, CEO Belen Garijo told Reuters on Thursday, insisting the market remained attractive. Sales of mobile phones, the biggest driver of the microchip market, are forecast to …

Germany’s Merck KGaA insists chip market remains attractive Read More »

By Fransiska Nangoy and Bernadette Christina JAKARTA (Reuters) – Indonesia, the world’s biggest exporter of refined tin, is planning to ban exports of the metal to attract investment in processing it domestically, although the government said the timing had yet to be decided. WHAT IS THE PLAN? Indonesia plans to ban the export of tin …

Explainer-What is Indonesia’s proposed tin export ban about? Read More »

HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate eased to 3.9% in the July-September quarter, improving for the fifth consecutive period as economic activities revive in an easing COVID situation with support from a consumption voucher scheme, the government said on Thursday. In the June-August period, the unemployment rate stood at 4.1%. “The …

Hong Kong’s July-September unemployment eases to 3.9% Read More »

TAIPEI (Reuters) – Taiwan’s export orders contracted slightly though at a less severe rate than expected in September, coming off a high base and supported by strong sales of new consumer electronics products like iPhones. The government said momentum for the rest of the year would be helped by the year-end holiday season in Europe …

Taiwan Sept export orders contract, but strong electronics sales reported Read More »

By Leika Kihara and Daniel Leussink TOKYO (Reuters) – The yen tumbled past the key psychological level of 150 to the dollar on Thursday for the first time since 1990, defying Japanese policymakers’ repeated threats of intervention to address excessive currency market volatility. The break above the key milestone heightens pressure for Tokyo to step …

Yen slides past key 150 level, markets brace for intervention Read More »

By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s central bank raised its policy rates by 50 basis points on Thursday, for the second month in a row, as it sought to curb rising inflation, while trying to slow capital outflows that have weighed on the rupiah. Bank Indonesia (BI) hiked the benchmark 7-day reverse …

Indonesia central bank delivers successive 50 bp hike to curb inflation Read More »