By Trevor Hunnicutt and Elaine Lies TOKYO (Reuters) -President Joe Biden launched his plan for U.S. economic engagement in Asia on Monday, leaving it to the 13 founding countries to work out how to enforce their agreements and whether China could ever join. Biden chose on his first trip in office to Asia to formally …
Biden’s Asian economic talks include 13 countries and not China Read More »
By Trevor Hunnicutt and Sakura Murakami TOKYO (Reuters) -U.S. President Joe Biden said on Monday he would be willing to use force to defend Taiwan against Chinese aggression in a comment that seemed to stretch the limits of the ambiguous U.S. policy towards the self-ruled island. While Washington is required by law to provide Taiwan …
Biden says he would be willing to use force to defend Taiwan against China Read More »
By Bernadette Christina and Fransiska Nangoy JAKARTA (Reuters) – Indonesia allowed the resumption of palm oil exports from Monday after a three-week ban, but industry players said shipments were unlikely to restart until details emerge on how much of the edible oil must be held back for domestic use. Indonesia, the source of 60% of …
Indonesia policy uncertainty hampers resumption of palm oil exports Read More »
BANGKOK (Reuters) – Thailand will try to keep inflation below 5% this year, the country’s prime minister said on Monday, amid surging fuel prices. The country’s inflation is still among the lowest in the world, and the government will manage the price of goods as much as possible, Prayuth Chan-ocha told a news conference. (Reporting …
Thailand will try to keep inflation under 5% this year – PM Read More »
JAKARTA (Reuters) – Indonesia’s biggest tech company PT GoTo Gojek Tokopedia Tbk intends to issue a maximum amount of 118.44 billion of shares worth around 10% of its total capital through a private placement. The private placement will be put forward for shareholder approval at GoTo’s annual general meeting on June 28th, it said in …
Indonesia tech firm GoTo seeks approval to issue 118.44bln shares Read More »
(Reuters) – Central banks are wrestling with inflation and sliding stocks are feeling the heat, leaving investors to ponder just where the so-called “Fed put” has gone. Meeting minutes from the world’s foremost policy makers may shed some light, while New Zealand and South Korean central banks ponder how big their rate hikes need to …
Take Five: Surging inflation, recession risk and tanking markets Read More »
TOKYO (Reuters) – U.S. President Joe Biden said he was weighing cutting tariffs on Chinese goods while increasing calls on OPEC to raise oil production as he grappled with a politically damaging wave of inflation. “I am considering it. We did not impose any of those tariffs. They were imposed by the last administration and …
Biden says weighs reducing tariffs on China, asking OPEC to pump more oil Read More »
By Aditya Kalra DAVOS, Switzerland (Reuters) -Global private equity firm General Atlantic plans to plough $2 billion into India and Southeast Asia over the next two years after falling valuations made the region’s startups more attractive, a senior executive told Reuters. General Atlantic is in early-stage investment talks with about 15 companies in sectors including …
General Atlantic plans $2 billion investment in India, Southeast Asia Read More »
By Praveen Menon and Sonali Paul SYDNEY/MELBOURNE (Reuters) -Uranium miners are racing to revive projects mothballed after the Fukushima disaster more than a decade ago, spurred by renewed demand for nuclear energy and a leap in yellowcake prices after Russia’s invasion of Ukraine. Spot prices for uranium have doubled from lows of $28 per pound …
Unloved since Fukushima, uranium is hot again for miners Read More »
By Trevor Hunnicutt and Heekyong Yang SEOUL (Reuters) -Hyundai Motor Group said on Sunday it would invest an additional $5 billion in the United States by 2025 to strengthen collaboration with U.S. firms in advanced technology. The investments, announced during a visit to Seoul by President Joe Biden, are for robotics, urban air mobility, autonomous …
Hyundai Motor Group to invest more than $10 billion in U.S. up to 2025 Read More »
