(Corrects to 15 aircraft, not 11, in headline) TAIPEI, Dec 3 (Reuters) – Taiwan low-cost carrier Tigerair said on Wednesday that its board had approved the purchase of four new A321neo aircraft from Airbus and the lease of 11 more for T$40 billion ($1.28 billion) to expand its network. Tigerair, majority owned by Taiwan’s China …
Taiwan’s Tigerair to add 15 A321s in $1.3 billion deal Read More »
TAIPEI, Dec 4 (Reuters) – China’s economy is in a bad way and President Xi Jinping should focus on improving the lives of his people and not “territorial expansion”, Taiwan President Lai Ching-te said in an interview with the New York Times. China, which views the democratically governed island as its own territory, has ramped …
China should focus on economy not ‘territorial expansion’, Taiwan president says Read More »
BEIJING, Dec 3 (Reuters) – Dan Katz, the International Monetary Fund’s No.2 official, is on his first visit to China since leaving his role as U.S. Treasury Secretary Scott Bessent’s chief of staff, as the fund’s annual review of the Chinese economy looms. Katz, who became IMF deputy managing director in October, met with People’s …
IMF’s Dan Katz makes first China visit after leaving Trump administration Read More »
BEIJING, Dec 3 (Reuters) – China is likely to stick to its current annual economic growth target of around 5% next year, government advisers and analysts said, a goal that would require authorities to keep fiscal and monetary spigots open as they seek to snap a deflationary spell. The target would be part of Beijing’s …
China likely to chase 5% GDP growth in 2026 in bid to end deflation Read More »
By Jamie McGeever ORLANDO, Florida, Dec 3 (Reuters) – Stocks rose while U.S. bond yields and the dollar fell on Wednesday, after surprisingly weak private sector jobs data increased the likelihood that the Federal Reserve will lower interest rates again next week. More on that below. In my column today, I look at China’s seemingly …
By Andrea Shalal NEW YORK, Dec 3 (Reuters) – U.S. Treasury Secretary Scott Bessent on Wednesday expressed optimism about the economic outlook next year, but said interest rate cuts were still needed given a weakening in sectors including housing. Bessent also told the New York Times DealBook summit that President Donald Trump has “normalized” the …
Bessent says Fed rate cuts needed, China making good on soybean purchases Read More »
By Amy Lv and Lewis Jackson BEIJING, Dec 3 (Reuters) – Australia’s Fortescue said on Wednesday that it would cooperate with a subsidiary of China Baowu, the world’s largest steelmaker, to explore new green technology for accelerating decarbonisation in the hard-to-abate steel industry. Fortescue, the world’s fourth-largest iron ore supplier, signed an agreement with China’s …
Fortescue works with Chinese steelmaker on new green iron technology Read More »
By Eduardo Baptista and Joey Roulette BEIJING/WASHINGTON, Dec 3 (Reuters) – The maiden test of LandSpace’s next-generation Zhuque-3 rocket ended in failure on Wednesday, dashing the Chinese firm’s hopes of becoming the third company after Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin to successfully test a reusable spacecraft. The rocket was not able to …
China’s LandSpace fails to complete reusable rocket test Read More »
By Phuong Nguyen HANOI, Dec 3 (Reuters) – Foxconn and Luxshare plan to add millions of gaming devices to Vietnam’s annual output, according to documents they submitted to local authorities, reinforcing the country’s role in the global supply of game consoles. Vietnam assembles a variety of electronic products destined for foreign markets, including smartphones, computers …
Foxconn, Luxshare plan to add millions to Vietnam’s game console output, documents show Read More »
By Wen-Yee Lee TAIPEI, Dec 2 (Reuters) – Taiwan prosecutors said on Tuesday they had charged Tokyo Electron’s Taiwan unit with violating the National Security Act and the Trade Secrets Act, after a former employee was indicted in August for alleged theft of trade secrets from chipmaker TSMC. The prosecutors said in a statement that …
Taiwan charges Tokyo Electron’s Taiwan unit in TSMC trade secrets case Read More »
