Reuters Asia Business

China’s SMIC earns record revenue in 2021, boosted by global chip shortage

11 Feb 2022

SHANGHAI (Reuters) – Business boomed last year for Chinese chip maker Semiconductor Manufacturing International Corp (SMIC) on the back of a global chip shortage, with revenues and profits soaring despite pressure from U.S. sanctions, it said. Sales for calendar 2021 were up 39% on the year at a record of $5.4 billion, propelled by worldwide …

China’s SMIC earns record revenue in 2021, boosted by global chip shortage Read More »

Tesla plans to locate China design centre in Beijing, city govt says

11 Feb 2022

SHANGHAI (Reuters) – U.S. electric carmaker Tesla plans to place its China design centre in Beijing, a government document issued by the Chinese capital said. Tesla said in 2020 it planned to open such a centre in the country to make “Chinese-style” vehicles but has not said where it would be. Last year, Reuters reported …

Tesla plans to locate China design centre in Beijing, city govt says Read More »

Several Asian refiners to receive full Saudi crude allocation in March -sources

11 Feb 2022

By Florence Tan SINGAPORE (Reuters) – Saudi Aramco has notified at least six Asian buyers that it will supply full contractual volumes of crude oil in March, sources with knowledge of the matter said on Friday. The full supply assurance came after the state oil giant raised March official selling prices to Asia. The world’s …

Several Asian refiners to receive full Saudi crude allocation in March -sources Read More »

Vale Indonesia 2021 nickel matte output down 9.5% -statement

11 Feb 2022

JAKARTA (Reuters) – Nickel miner PT Vale Indonesia produced 65,388 tonnes of nickel matte in 2021, down from 72,237 tonnes produced in 2020, the company said in a statement late on Thursday. In the October-December quarter, its nickel matte production was 17,015 tonnes, up 3.5% on an annual basis. (Reporting by Bernadette Christina Munthe; Writing …

Vale Indonesia 2021 nickel matte output down 9.5% -statement Read More »

S.Korea says central bank may buy more govt bonds to calm bond markets

11 Feb 2022

SEOUL (Reuters) – South Korea’s central bank and finance ministry said on Friday they agreed the Bank of Korea will need to buy more government bonds if needed to stabilise the local bond market. The Bank of Korea, the finance ministry and regulators held a meeting on Friday to discuss recent surge in government bond …

S.Korea says central bank may buy more govt bonds to calm bond markets Read More »

International bookings to Southeast Asia rising as borders open -Skyscanner

11 Feb 2022

SYDNEY (Reuters) – International bookings for flights to Southeast Asian countries that are relaxing tight pandemic-related border controls rose sharply in January, data from online travel company Skyscanner shows, in a positive sign for the region’s hard-hit airlines. International passenger travel in the Asia-Pacific region was down 93% from pre-pandemic levels last year, leaving airlines …

International bookings to Southeast Asia rising as borders open -Skyscanner Read More »

U.S. inflation data hits global stocks, lifts benchmark yields

11 Feb 2022

By Chris Prentice and Tommy Wilkes WASHINGTON/LONDON (Reuters) – Major global stock indexes fell on Thursday under pressure from crucial U.S. inflation data, falling technology shares and rising benchmark bond yields. U.S. consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years, which could fuel financial market speculation …

U.S. inflation data hits global stocks, lifts benchmark yields Read More »

Close Bitnami banner
Bitnami