(Corrects and clarifies Bank of America forecast.) By Chen Lin and Aradhana Aravindan SINGAPORE (Reuters) -Singapore’s central bank is likely to tighten its policy settings at its review this month, the third time in a row, as inflationary pressures intensify due to global supply-side disruptions and an easing of the city-state’s border controls. All 15 …
Singapore expected to tighten monetary policy – but by how much? Read More »
By Stephanie Kelly NEW YORK (Reuters) – Oil futures were set to open for Asian trade on Sunday, after both Brent and U.S. crude benchmarks posted their biggest weekly falls in two years last week as the United States announced the largest ever release from the U.S. Strategic Petroleum Reserve. Both contracts settled down around …
Oil prices set to open after largest weekly fall in 2 years,traders await SPR details Read More »
(Refiles to clarify in headline, first paragraph that BYD stops making fully combustion engine cars but smaller gasoline engines still used in plug-in hybrids) BEIJING (Reuters) -China’s largest electric vehicle (EV) maker BYD Co Ltd (002594.SZ) said that as of last month it stopped making combustion engine vehicles and now produces full electric and heavily …
China’s BYD ends full combustion engine cars to focus on electric, plug-in hybrids Read More »
SHANGHAI (Reuters) -Tesla has notified workers and suppliers that production at its Shanghai factory will not resume on Monday as it had hoped, according to an internal notice shared with Reuters. Reuters reported earlier on Sunday that the U.S. automaker aimed to resume production on Monday, citing two sources, as it expected to see its …
Tesla unable to restart Shanghai production on Monday -internal memo Read More »
(Reuters) – Chinese fast fashion e-commerce startup Shein is weighing a funding round at a valuation of about $100 billion, Bloomberg reported on Sunday, citing people familiar with the matter. The online retailer is in talks with potential investors to raise about $1 billion, the report added. Shein’s plan to list in the United States …
Fashion startup Shein raising funds at $100 billion value – Bloomberg News Read More »
BEIJING (Reuters) – China will implement an upgrade to the free trade agreement between Beijing and Wellington to eliminate tariffs of 12 wood and paper products imported from New Zealand from April 7, the Ministry of Finance said on Sunday. The move follows the deal signed by the two governments in January to upgrade their …
China to cut paper and wood tariffs from New Zealand from April 7 Read More »
TOKYO (Reuters) – Japan may expand a subsidy programme for gasoline and other fuels among measures under consideration to ease soaring energy costs, the industry minister said on Sunday. The measure will be part of a fresh relief package which Japanese Prime Minister Fumio Kishida ordered his cabinet last Tuesday to put together by the …
Japan may expand fuel subsidy to curb energy costs-minister Read More »
SHANGHAI (Reuters) – China’s central bank said on Saturday it will further expand a pilot scheme of its digital currency to more areas, including cities in the eastern Zhejiang province which is set to host the Asian Games later this year. The People’s Bank of China (PBOC) said it will promote the research and development …
China central bank expands digital yuan pilot scheme to more cities Read More »
SHANGHAI (Reuters) – Organisers of the Beijing autoshow, which was scheduled to be held in late April, said on Saturday that they will postpone the event until further notice due to the COVID-19 resurgence across the country. “We will pay close attention to the development of the epidemic, and strive to enhance the event’s organisation …
Beijing autoshow postponed until further notice – statement Read More »
SHANGHAI/BEIJING (Reuters) -China on Saturday proposed revising confidentiality rules involving offshore listings, removing a legal hurdle to Sino-U.S. cooperation on audit oversight while putting the onus on Chinese companies to protect state secretes. The draft rules, announced by China’s securities watchdog, mark Beijing’s latest attempt to resolve a long-running audit dispute with Washington that could …
China plans to remove hurdle to Sino-U.S. audit cooperation Read More »
