Reuters Asia Business

TAIPEI (Reuters) – Taiwan authorities raided ten Chinese companies suspected of illegally poaching chip engineers and other tech talent this week, the island’s Investigation Bureau said on Thursday, the latest crackdown on Chinese firms to protect its chip supremacy. Home to chipmaker giant TSMC and accounting for the majority of the world’s most advanced semiconductor …

Taiwan raids Chinese firms in latest crackdown on chip engineer-poaching Read More »

TOKYO (Reuters) – Toshiba Corp nominated an executive from M&A advisory firm Houlihan Lokey as chairperson and activist shareholders as outside directors on Thursday, in a board overhaul that could intensify pressure to take the conglomerate private. Toshiba nominated Akihiro Watanabe, the founder of M&A advisory firm GCA Corp, which was recently bought by Houlihan …

Japan’s Toshiba brings in M&A adviser and activists in board overhaul Read More »

By Cynthia Kim and Joori Roh SEOUL (Reuters) – South Korea’s central bank on Thursday delivered back-to-back interest rate hikes and forecast further aggressive increases to wrestle consumer inflation down from 13-year highs. The Bank of Korea raised its benchmark policy rate by a quarter of a percentage point to 1.75%, the highest since mid-2019, …

South Korea steps up inflation fight with back-to-back rate hikes Read More »

By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) -Philippines President-elect Ferdinand Marcos gave strong indications that he will maintain continuity in economic policy through his picks for central bank governor and finance minister on Thursday by adding familiar faces to his cabinet. Marcos announced central bank chief Benjamin Diokno would become his finance …

Philippines’ Marcos signals continuity ahead with new economic team Read More »

BEIJING (Reuters) – China’s aviation regulator said on Thursday that air passenger traffic in April plunged 84.6% from a year earlier to 7.88 million trips, and was only 14.8% of the pre-COVID level in 2019. The Civil Aviation Administration of China provided the figures at a news conference. (Reporting by Stella Qiu and Ryan Woo; …

China air passenger traffic falls 84.6% in April y/y -regulator Read More »

By Leika Kihara TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Thursday the central bank can execute a smooth exit from its ultra-loose monetary policy, though doing so “won’t be easy”. Kuroda repeated his view that the central bank must maintain ultra-easy monetary policy for now, with consumer inflation expected to slow …

Kuroda says BOJ can achieve smooth exit from loose money policy Read More »

(Reuters) – Brazilian corn exports to China requires a deal about genetic modified grains to effectively begin, Abramilho, an association representing local corn growers, said on Wednesday. Abramilho’s comments come in the wake of China’s customs authority announcing an agreement with Brazilian authorities to allow imports of Brazilian corn. (Reporting by Roberto Samora)