By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) -U.S. President Donald Trump hosts South Korean President Lee Jae Myung in Washington for their first summit meeting on Monday, after the countries struck a trade deal last month lowering U.S. tariffs on the Asian ally to 15% from a threatened 25%. Alongside trade, U.S. pressure to …
Factbox-What issues are likely to be discussed at the US-South Korea summit? Read More »
BANGKOK (Reuters) – Car production in Thailand fell for the first time in three months in July as tariff uncertainty hurt export demand, while sales extended recent gains helped by strong growth in electric vehicles, the Federation of Thai Industries said on Monday. Last month’s car output dropped 11.39% from a year earlier to 110,616 …
Thailand car production drops in July, local sales up Read More »
BEIJING (Reuters) -Shanghai on Monday announced adjustments to its real estate policies, removing restrictions on the number of homes eligible families can buy outside the city’s outer ring road. Single adults would be also be treated as families and enjoy the eased measures, the municipal housing authority said in a statement. The adjustments are set …
Shanghai relaxes home buying restrictions for eligible families Read More »
SEOUL (Reuters) -South Korea’s parliament on Monday approved a bill that intends to increase the accountability of corporate boards to shareholders, as the ruling party-controlled parliament pushes reforms to boost the country’s equity valuations. The revised Commercial Act bill, a follow-up to earlier revisions passed on July 3, will force large companies to implement more …
South Korea parliament passes amended bill to target low equity valuations Read More »
HONG KONG (Reuters) -Shares of Chinese state-owned automaker Dongfeng Motor Group surged 69.2% as they resumed trade on Monday, after the company’s parent said on Friday it planned to take the automaker private at a premium. The stock opened at HK$10.10 ($1.29) per share, the highest since November 2017, before trimming gains later to trade …
Dongfeng Motor Group at near 8-year peak on privatisation plan Read More »
By Iain Withers and Anton Bridge LONDON/TOKYO (Reuters) -Japanese banks Mizuho and MUFG are targeting buying or partnering with overseas money managers, they told Reuters, joining other Japanese financial companies aiming for a larger share of the global investing market. Mizuho is prioritising a tie-up with a private asset specialist in Europe or the United …
Mizuho, MUFG join race by Japan’s banks for money manager deals overseas Read More »
By Chen Aizhu and Marianna Parraga SINGAPORE/HOUSTON (Reuters) -China Concord Resources Corp has begun developing two Venezuelan oilfields, planning to invest more than $1 billion in a project to produce 60,000 barrels per day of crude oil by end-2026, an executive directly involved in the project said. The project marks a rare investment by a …
Private Chinese firm producing oil in Venezuela under rare 20-year pact, source says Read More »
By Howard Schneider and Leika Kihara JACKSON HOLE, Wyoming (Reuters) -Bank of Japan Governor Kazuo Ueda said wage hikes are spreading beyond large firms and likely to keep accelerating due to a tightening job market, signaling his optimism that conditions for another interest rate hike were falling into place. The remarks are likely to reinforce …
BOJ’s Ueda expects tightening job market to push up wages Read More »
BEIJING (Reuters) -U.S. protectionism is undermining agricultural cooperation with China, Beijing’s ambassador to Washington said, warning that farmers should not bear the price of the trade war between the world’s two largest economies. “It goes without saying that protectionism is rampant, casting a shadow over China-U.S. agricultural cooperation,” said Xie Feng, according to the transcript …
China says ‘rampant’ US protectionism threatens agricultural ties Read More »
SEOUL (Reuters) -South Korea’s parliament expanded protection for subcontracted workers on Sunday by passing new union rules, shrugging off concerns by businesses that they might undermine competitiveness and worsen labour relations. Since liberal President Lee Jae Myung came to power in June, his Democratic Party, which controls parliament, has pushed to amend the labour union …
South Korea expands labour protections with new union rules Read More »
