BEIJING (Reuters) -China has called on its top hog producers to “take the lead” in cutting output, state-run Shanghai Securities News reported on Thursday, as the country battles a supply glut and sluggish consumer demand in its massive pork sector. At a high-level meeting on Tuesday, officials urged major companies – including Muyuan Foods and …
Beijing urges top hog producers to cut output, state media says Read More »
By Francesco Guarascio and Khanh Vu HANOI (Reuters) -Investors in Vietnam in energy, telecommunications, construction and other sectors, will need police approval for projects, under a major reform meant to boost security and ensure the “absolute leadership” of the ruling Communist Party, a draft decree says. The proposed text from the public security ministry, which …
Investors in Vietnam to face strict police screening under planned reform Read More »
By Yusuke Ogawa TOKYO (Reuters) -SoftBank’s plans to set up a joint venture with OpenAI to bring artificial intelligence services to corporate customers in Japan are significantly behind schedule, according to a source familiar with the matter. The joint venture was supposed to be set up this summer but preparations are taking longer than anticipated, …
SoftBank, OpenAI Japan AI joint venture is delayed, source says Read More »
BANGKOK (Reuters) – The Thai government will work with the central bank to manage the baht currency after it rose to its strongest levels in four years, and will monitor capital inflows and gold trading for any irregularities, the incoming finance minister said on Thursday. Ekniti Nitithanprapas told reporters that he discussed stabilising the baht …
Thai government says will work with central bank to tackle baht’s strength Read More »
(Reuters) – China is ending an antitrust probe into Google, as trade talks between Beijing and Washington picked up over TikTok and Nvidia amid rising tensions between the two countries, the Financial Times reported on Thursday. The move signals a tactical shift by Beijing, redirecting regulatory focus to Nvidia as leverage in the U.S.-China trade …
Beijing drops Google probe, shifting focus to Nvidia in US trade talks, FT reports Read More »
(Reuters) – Nomura now expects the Federal Reserve to deliver 25-basis-point interest rate cuts at each of its remaining two meetings this year, following the U.S. central bank’s widely anticipated quarter-point reduction and hints at continued policy easing. The Japanese brokerage had previously forecast a pause in October and a cut in December.The Fed, facing …
Nomura adds October Fed cut forecast after widely expected policy easing Read More »
HONG KONG (Reuters) – Hong Kong’s central bank on Thursday lowered its base interest rate by 25 basis points to 4.50%, tracking a cut by the U.S. Federal Reserve. It was the first easing by the Hong Kong Monetary Authority since a 25 basis point cut last December. The rate is charged via the overnight …
Hong Kong central bank cuts interest rate, tracking Fed; banks follow Read More »
By Leika Kihara TOKYO (Reuters) -The Bank of Japan could raise interest rates in October even if Sanae Takaichi, a proponent of aggressive monetary easing, wins the ruling party’s leadership race and becomes the next premier, former central bank executive Tomoyuki Shimoda said on Thursday. Seen as a leading candidate to win the race on …
SEOUL (Reuters) -South Korea’s competition regulator on Thursday conditionally approved a joint venture between Alibaba International’s AliExpress Korea and a unit of local company Shinsegae, but cited concerns over the sharing of customer information. The Korea Fair Trade Commission (KFTC) in a statement noted a “significant worry” over the joint venture that will control Korean …
South Korea conditionally approves AliExpress, Shinsegae unit joint venture Read More »
SHANGHAI (Reuters) – China’s central bank left a key interest rate unchanged on Thursday, as authorities appear in no rush to ease monetary settings despite the U.S. Federal Reserve’s decision to reduce rates just hours earlier. Resilient exports and a sharp stock market rally have allowed policymakers to withhold fresh stimulus, market watchers said, even …
China leaves policy rate unchanged after Fed rate reduction Read More »
