(This Sept 6 story corrects spelling of Export-Import Bank of China in second paragraph) BEIJING (Reuters) – China has named Zhang Qingsong as deputy governor of the People’s Bank of China (PBOC), the cabinet said on Tuesday, as part of a reshuffle of the bank’s leadership ahead of an important Communist Party meeting. Zhang, 57, …
China names Zhang Qingsong as deputy central bank governor amid reshuffle Read More »
By Muyu Xu SINGAPORE (Reuters) -State energy giants Gazprom and China National Petroleum Corporation (CNPC) signed several agreements on Tuesday, including on the use Russian roubles and Chinese yuan to pay for Russian natural gas supplies to China, Gazprom said. The agreements were in addition to a February deal between them to increase gas supplies …
Russia’s Gazprom, CNPC agree to use rouble, yuan for gas payments – Gazprom Read More »
(Corrects to clarify Nissan will buy all shares from INCJ) TOKYO (Reuters) – Japan’s Nissan Motor Co said on Wednesday it has agreed to acquire Vehicle Energy Japan Inc, a lithium-ion battery maker. Nissan will acquire all the common shares of the company held by the Innovation Network Corporation of Japan (INCJ), a state-backed fund, …
Nissan to acquire automotive battery firm Vehicle Energy Japan Read More »
By Diana Mandia PARIS (Reuters) -Shares in Ubisoft Entertainment tumbled on Wednesday after it announced a deal that sees China’s Tencent Holdings raise its stake in the company, a move which analysts say dampens the prospect of a full sale of the French game maker. The deal with Tencent Holdings values the maker of “Assassin’s …
Ubisoft shares tumble as Tencent deal seen dampening buyout prospects Read More »
JAKARTA (Reuters) -Indonesia’s President Joko Widodo said on Wednesday he had ordered provincial governments to use their budgets to rein in transportation costs and counter the inflationary impact of last week’s fuel price hike on Southeast Asia’s biggest economy. Under pressure to control a swelling energy subsidy budget, Widodo, popularly known as Jokowi, hiked subsidised …
Indonesia regions told to curb transport costs to contain inflation Read More »
By Joyce Lee PYEONGTAEK, South Korea (Reuters) – Samsung Electronics Co Ltd is seeking a “common denominator” as it navigates restrictions on U.S. tech exports to China where the South Korean firm makes chips, with potential challenges including bringing in new chip-making equipment. The United States is considering limiting shipments of such equipment to memory …
Samsung CEO seeks ‘common denominator’ in Sino-U.S. chip war Read More »
By Kantaro Komiya and Tetsushi Kajimoto TOKYO (Reuters) -Japan’s government wants to act if “rapid, one-sided” moves seen in the currency market recently continue, the country’s top government spokesperson warned on Wednesday as the yen slid to a fresh 24-year low. The comments marked officials’ latest verbal warning against the fall of the yen, which …
Japan concerned about ‘rapid, one-sided’ moves in FX market Read More »
SHANGHAI (Reuters) – Tesla Inc has shortened delivery waiting times for Model 3 and Model Y cars in China to a maximum of 14 weeks, according to its Chinese website. The U.S. automaker slashed the waiting times for most of the Model 3 and Model Y cars to six to 10 weeks, the website showed. …
Tesla cuts waiting time for Model 3, Model Y deliveries in China -website Read More »
FRANKFURT (Reuters) – Deutsche Bank chief Christian Sewing, painting a bleaker assessment of the Germany economy, on Wednesday warned that China was a considerable risk for the nation and that Europe needed big banks to fend off American competitors. Sewing, speaking at a conference in Frankfurt, said Germany would “no longer be able to avert …
Deutsche Bank CEO warns on recession, China and U.S. banks Read More »
(Corrects paragraph 30 to show Center for Financial Stability is based in New York, not London) By Marc Jones and Uditha Jayasinghe LONDON/COLOMBO (Reuters) – Sri Lanka’s International Monetary Fund bailout plan could be a turning point in its worst economic crisis, but far-from-stable politics and a need to get debt relief from competing powers …
Sri Lanka has an IMF deal, now it courts China and India Read More »
