By Katanga Johnson and Xie Yu WASHINGTON/HONG KONG (Reuters) – “Significant issues remain” in reaching a deal with China over a long-running dispute around auditing compliance of China-based companies listed on U.S. stock exchanges, a U.S. Securities and Exchange Commission (SEC) official said on Tuesday. The SEC’s international affairs chief, YJ Fischer, told an audience …
(Reuters) -Apple Inc has told its suppliers to speed up iPhone development after China’s strict COVID-19 lockdowns hampered schedule for at least one of the new phones, Nikkei reported on Wednesday, citing multiple sources with knowledge of the matter. Lockdowns due to China’s zero-COVID policy led iPhone assembler Pegatron Corp to suspend operations at its …
Apple’s iPhone development schedule delayed by China lockdowns – Nikkei Read More »
By Takaya Yamaguchi TOKYO (Reuters) -Japan’s government will urge the central bank to aim at achieving its 2% inflation target in a “sustainable and stable fashion,” a draft of its long-term policy outline seen by Reuters showed on Wednesday. That was a change from the wording of the current policy outline, which voices hope that …
Japan govt to urge BOJ to meet inflation goal sustainably – draft Read More »
By Heekyong Yang SEOUL (Reuters) -South Korean battery makers have stepped up their U.S. investment ambitions and cumulative spending announcements since 2018 now total some $13 billion. This year alone, plans worth $5.5 billion have been flagged. Spurred on by incentives that come with the Biden administration’s push to shift more of the electric vehicle …
Factbox-South Korean EV battery makers in $13 billion spree to win U.S. market Read More »
JAKARTA (Reuters) – Indonesia will audit all palm oil companies operating in the country and require them to move their headquarters onshore amid efforts to improve governance of the sector, senior cabinet minister Luhut Pandjaitan told local media. The industry has faced heightened scrutiny and a series of flip-flopping regulations in recent months as the …
Indonesia to audit palm oil companies, ask for onshore HQ -official Read More »
By Anshuman Daga SINGAPORE – Two top executives at Grab Holdings’ fintech business have quit, adding to other senior departures in recent months, as the Southeast Asian ride-hailing and delivery firm rejigs the key unit at the loss-making group, two sources said. Chris Yeo, who heads Grab’s payments and rewards business and has been with …
By Xie Yu HONG KONG (Reuters) – China and the United States are committed to reach an arrangement on the audit inspection issue that is in line with legal and regulatory requirements for both sides, China’s securities regulator said on Wednesday. The statement from the China Securities Regulatory Commission (CSRC) came in response to a …
China and U.S. are committed to reach audit deal, Chinese regulator says Read More »
By M. Sriram MUMBAI (Reuters) – India’s Digit Insurance, backed by Canadian billionaire Prem Watsa’s Fairfax Group, is considering raising about $500 million in an initial public offering at a valuation of $4.5 billion to $5 billion, three people aware of the matter told Reuters. Founded in 2017, Digit is trying to capitalise on India’s …
Exclusive-India’s Digit Insurance targets $5 billion in IPO valuation – sources Read More »
By David Shepardson and Joseph White WASHINGTON (Reuters) -Stellantis NV and Samsung SDI said on Tuesday they will invest more than $2.5 billion to build a new joint venture battery plant in Kokomo, Indiana as the Chrysler-parent ramps up electric vehicle production plans. Targeted to start in 2025, the plant aims to have an initial …
Stellantis, Samsung SDI to build $2.5 billion Indiana JV battery plant Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices steadied on Tuesday after choppy trade as tight supply worries offset concerns over a possible recession and China’s COVID-19 curbs. Prices turned negative after U.S. Energy Secretary Jennifer Granholm said President Joe Biden had not ruled out using export restrictions to ease soaring domestic fuel prices. “Initially …
Oil steadies after choppy trade, U.S. says export ban not ruled out Read More »
