SEOUL (Reuters) – South Korea is expected to attend a preliminary meeting for a U.S.-led group of major microchip manufacturers including Taiwan and Japan, South Korea’s foreign minister said on Thursday. Seoul’s participation in the preliminary meeting for the so-called “Chip 4” group could heighten the stakes for South Korea as it seeks to navigate …
S.Korea to attend preliminary meeting of U.S.-led chipmaker group Read More »
TAIPEI (Reuters) -The United States and Taiwan have agreed to start trade talks under a new initiative to reach agreements with “economically meaningful outcomes”, with a Taiwan official saying China’s “economic coercion” would also be discussed. Washington and Taipei unveiled the U.S.-Taiwan Initiative on 21st-Century Trade in June, just days after the Biden administration excluded …
U.S., Taiwan to start formal trade talks under new initiative Read More »
By Ritsuko Shimizu and Rocky Swift TOKYO (Reuters) – Japan beverage giant Asahi Group Holdings Ltd is considering full-scale entry into the North American market, its chief executive said on Thursday. Japan’s largest beer maker is considering the push after pausing major acquisitions in the past couple years to pay down debts acquired in buying …
Japan’s Asahi considering full-scale push into North America beer market – CEO Read More »
BEIJING (Reuters) – China firmly opposes trade talks between the United States and Taiwan and says it will take all necessary measures to firmly safeguard its sovereignty, security and development interests, the commerce ministry said on Thursday. Taiwan and the U.S. have said they will start trade talks under a new initiative. “One China” policy …
China strongly opposes trade talks between U.S. and Taiwan Read More »
TOKYO (Reuters) – The Tokyo 2020 Olympic sponsor fee for Japanese fashion firm Aoki Holdings was less than half the standard fee, news agency Kyodo reported on Thursday, one day after the arrest of the former Aoki chairman on suspicion of bribery. To become a sponsor for the Tokyo 2020 Games, Aoki Holdings paid 500 …
Olympic sponsor fee for Japan retailer in bribery scandal was more than halved -Kyodo Read More »
By Chibuike Oguh (Reuters) -Global equities fell and U.S. Treasury yields rose on Wednesday after the Federal Reserve’s meeting minutes showed that officials were ready to slow the pace of interest rate hikes in tandem with signals of a slowdown in inflation. In their July meeting minutes released on Wednesday, Fed officials said the pace …
Global shares fall, U.S. Treasury yields rise after dovish Fed minutes Read More »
BEIJING (Reuters) – China will support around 300 service platforms to help with the digital transformation of 4,000-6,000 small- and medium-sized enterprises till 2025, the country’s industry and information technology ministry and finance ministry said on Wednesday. “From 2022 to 2025, the central government plans to support local governments to carry out digital transformation pilots …
China vows to support digitalisation of 4,000-6,000 small firms by 2025 Read More »
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar pared its gains on Wednesday after minutes from the Federal Reserve’s July meeting showed that Fed officials are concerned the U.S. central bank could raise rates too far as part of its commitment to get inflation under control. In a glimpse of the emerging debate …
Dollar pares gains as some Fed officials show caution on growth Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose about 1.5% after hitting a six-month low on Wednesday, as a steeper-than-expected drawdown in U.S. crude stocks outweighed concerns over rising Russian output and exports as well as recession fears. U.S. crude stocks fell by 7.1 million barrels in the week to Aug. 12 to 425 million …
Oil edges off low as strong export demand drains U.S. crude stocks Read More »
ISLAMABAD (Reuters) – The International Monetary Fund (IMF) will meet later this month to take up Pakistan’s programme review to decide whether to approve a tranche of funding for the cash-strapped country, the lender’s resident representative Esther Perez Ruiz said on Wednesday. The combined seventh and eighth reviews if approved will release more than $1.1 …
IMF board to meet on Aug 29 to decide on Pakistan’s tranche of $1.1 billion Read More »
