By A. Ananthalakshmi KUALA LUMPUR (Reuters) – Ten former workers from Dyson’s biggest parts supplier, Malaysian firm ATA IMS, are claiming compensation from the home appliance maker over poor working and living conditions at ATA factories, a law firm representing them said on Friday. The ex-employees allege that “Dyson was unjustly enriched as a result …
Dyson faces claims from former workers at Malaysian supplier Read More »
BEIJING (Reuters) – A former vice president of China Development Bank (CDB), He Xingxiang, was arrested on suspicion of accepting bribes, China’s Supreme People’s Procuratorate said on Sunday, amid a series of probes into officials at state financial firms. He is also suspected of issuing financial bills in violation of regulations, illegally issuing loans and …
Ex-China Development Bank exec arrested on bribery suspicion Read More »
SINGAPORE (Reuters) – A sharp fall in trade visitors is expected at the Singapore Airshow this week compared to the last edition two years ago as COVID-19 continues to hit the industry, the organiser of Asia’s biggest aerospace industry gathering said on Sunday. More than 13,000 trade visitors are expected at the biennial show from …
Singapore Airshow expects sharp fall in visitor numbers – organiser Read More »
MANILA (Reuters) – The Philippine government will launch this month its first retail bonds for 2022, offering a minimum principal amount of 30 billion pesos ($585 million). The peso-denominated, five-year bonds will be sold between Feb. 15 and Feb. 8 with a swap offer for bonds expiring in 2022, the Bureau of the Treasury said …
Philippines to offer at least $585 million in retail treasury bonds this month Read More »
SHANGHAI (Reuters) – China’s Dongfang Jingyuan Electron, which makes software for chip manufacturing procedures, has denied reports about alleged IP theft from Dutch lithography giant ASML Holding NV, calling them “false information.” On an official social media account on Friday, the company said the “recent appearance of a large number of reports related to our …
Chinese company denies alleged IP infringement of ASML Read More »
BEIJING (Reuters) -China’s medical products regulator said on Saturday it has given conditional approval for Pfizer’s COVID-19 drug Paxlovid, making it the first oral pill specifically developed to treat the disease cleared in the country. The National Medical Products Administration said Paxlovid is approved to treat adults who have mild to moderate COVID-19 and high …
China approves use of Pfizer’s COVID drug Paxlovid Read More »
By Heekyong Yang and Joyce Lee SEOUL (Reuters) – South Korean authorities have ordered a production halt at one of petrochemical company Yeochun NCC’s (YNCC) three naphtha crackers after a blast killed four people and injured four. The incident at YNCC’s third plant in the city of Yeosu comes as South Korean businesses brace for …
S.Korea orders production halt at petchem plant after blast kills four Read More »
By Stephen Culp and Chris Prentice NEW YORK/WASHINGTON (Reuters) -Global shares dropped on Friday on rising worries over escalating Ukraine-Russia tensions and the prospect of a tightened interest rate hike timeline from the U.S. Federal Reserve in response to decades-high inflation. Benchmark Treasury yields lost ground, and German bond yields backed off the 2018 highs …
Wall Street drops, oil prices jump on Ukraine conflict worries Read More »
By Hannah Lang and Herbert Lash WASHINGTON (Reuters) -The dollar rose along with other safe-haven assets on Friday after the United States said Russia has massed enough troops near Ukraine to launch a major invasion. A Russian attack could begin any day and would likely start with an air assault, White House national security adviser …
Dollar gains as Ukraine tensions rise after U.S. warning Read More »
By Poppy McPherson and Fanny Potkin (Reuters) – Myanmar’s military has given the go-ahead for a local company to own most of Norwegian telco Telenor’s operations in the country, under a deal to be finalised shortly, communications seen by Reuters show. Civil rights groups said the deal could put the data of 18 million people …
Exclusive-Myanmar firm poised to control Telenor unit after military backs bid-sources Read More »
