Reuters Asia Business

By Kay Johnson and Orathai Sriring BANGKOK (Reuters) – Thailand’s central bank will focus monetary policy efforts on shoring up sluggish growth in Southeast Asia’a second-largest economy, its chief said on Monday, even as surging global price pressures force its peers to raise interest rates. The central bank is among a shrinking number globally that …

Thai central bank chief says growth a bigger worry than inflation for now Read More »

By Leika Kihara TOKYO (Reuters) -The Bank of Japan on Monday cut its assessment for most regional economies in the country and its governor warned of “very high uncertainty” over the fallout from the Ukraine crisis, underscoring heightening risks to the economic recovery. The downgrade highlights a growing concern among policymakers over the pain from …

BOJ cuts view on most Japan regions, warns on Ukraine impact Read More »

SHANGHAI/BEIJING (Reuters) – Auto sales in China fell 11.7% in March versus an 18.7% rise in February, industry data showed on Monday, as the country’s zero COVID-19 policies kept people from shopping for cars. (Reporting by Zhang Yan, Brenda Goh and Beijing Newsroom; Editing by Christopher Cushing)

SHANGHAI (Reuters) – Chinese electric vehicle (EV) maker Nio said on Saturday it has suspended production after the country’s measures to contain the recent surge of COVID-19 cases disrupted operations at its suppliers. “Since March, due to reasons to do with the epidemic, the company’s supplier partners in several places including Jilin, Shanghai and Jiangsu …

China EV maker Nio suspends production due to supply chain disruptions Read More »

BERLIN (Reuters) – Semiconductor chip supply is unlikely to be enough to completely satisfy demand again until 2024, Volkswagen Chief Financial Officer (CFO) Arno Antlitz said in an interview with German daily Boersen-Zeitung on Saturday. He said that although bottlenecks would likely begin to ease towards the end of this year, with production returning to …

Chip undersupply to last until 2024, says Volkswagen CFO -Boersen-Zeitung Read More »

(Reuters) -Saudi Arabia will let up to 1 million people join the Haj pilgrimage this year, greatly expanding the key event to participants from outside the kingdom after two years of tight COVID restrictions, state media said on Saturday. Pilgrims to Mecca this year must be under age 65 and fully vaccinated against the coronavirus, the …

Saudi Arabia expands Haj to 1 million pilgrims, easing COVID curbs Read More »