By Mayu Sakoda and Yoshifumi Takemoto TOKYO (Reuters) -Japan will restart more idled nuclear plants and look at developing next-generation reactors, Prime Minister Fumio Kishida said on Wednesday, setting the stage for a major policy shift on nuclear energy a decade after the Fukushima disaster. The comments from Kishida – who also said the government …
Japan signals return to nuclear power to stabilise energy supply Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar gained against a basket of currencies on Wednesday, holding near a 20-year high as investors waited for a Friday speech by the Federal Reserve chairman for fresh clues on how aggressive the central bank will be in its battle against inflation. Investors have pared back expectations …
Dollar gains, Fed’s Powell expected to remain hawkish Read More »
BERLIN (Reuters) – China is exerting increasing pressure on foreign companies doing business in its markets to bring them into line with its political agenda, broadening the “red lines” for issues to which it is allergic, a German study seen by Reuters shows. A survey of more than 100 companies by the Berlin-based Merics think …
China exerting growing pressure on foreign companies, study finds Read More »
By Uditha Jayasinghe and Jorgelina do Rosario COLOMBO/LONDON (Reuters) -An International Monetary Fund (IMF) team met Sri Lanka’s president on Wednesday for talks on a bailout, including restructuring debt of about $29 billion, amid the nation’s worst financial crisis in more than seven decades. The second such visit in three months comes as the Indian …
IMF team holds talks with crisis-hit Sri Lanka on debt restructuring Read More »
By Indranil Sarkar (Reuters) -Singapore Telecommunications Ltd (Singtel) on Wednesday warned of a challenging operating environment due to rising inflation and interest rates after posting a 41% jump in June quarter profit. Companies around the world are facing pressure from rising labour and fuel costs, prompting them to take a number of belt-tightening steps to …
Singtel warns of inflationary hurdles while Airtel turnaround buoys Q1 profit Read More »
TOKYO (Reuters) -Honda Motor Co Ltd is considering building a separate supply chain that would lower its dependence on China, the Sankei newspaper reported on Wednesday, in what would be a high profile move by a major Japanese manufacturer. Many big Japanese companies have built extensive production hubs in China but have recently seen output …
Honda considering decoupling supply chain from China, Sankei says Read More »
SHANGHAI (Reuters) – Chinese bourses have halted processing more than 20 initial public offering (IPO) plans sponsored by China Merchants Securities, following an investigation into the broker, according to exchange disclosures. The Shenzhen Stock Exchange has suspended 15 IPO plans set for its ChiNext board, while the Shanghai exchange has paused five IPOs targeting its …
China halts more than 20 IPOs sponsored by China Merchants Securities amid probe Read More »
TOKYO (Reuters) -Toyota Motor Corp and others involved in a commercial vehicle partnership have expelled Hino Motors from the group over a scandal involving falsification of engine data by the truckmaker, Toyota said on Wednesday. It is the most severe step announced so far by Toyota, which has a controlling 50.1% in Hino, since the …
Truckmaker Hino expelled from Toyota-led commercial vehicle partnership Read More »
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s central bank will raise interest rates gradually and in a measured manner to ensure economic recovery as it fights high inflation, its governor said on Wednesday. Keeping inflation under control in Southeast Asia’s second-largest economy is key but there is “no need for aggressive, heroically …
No need for aggressive Thai rate hikes, central bank chief says Read More »
By Rae Wee SINGAPORE (Reuters) – Indonesia’s first interest rate hike in four years made its central bank one of the last to abandon pandemic-era monetary settings, but it’s also given investors cause to stay bullish on one of the world’s more resilient emerging markets. Bank Indonesia raised its benchmark rate on Tuesday as it …
Analysis-Indonesia bulls cheer better-late-than-never rate hike Read More »
