SHANGHAI (Reuters) -China’s industry ministry said on Wednesday that it would accept complaints from auto suppliers if major Chinese automakers fail to honor their commitment to timely payments, aiming to address suppliers’ concerns over loopholes in payment regulations. The Ministry of Industry and Information Technology launched an online platform allowing suppliers to report automakers that …
By Joyce Lee and Ju-min Park SEOUL (Reuters) -South Korea will follow terms previously agreed with the United States on defense cost sharing, its foreign ministry said on Wednesday, following a call by U.S. President Donald Trump for Seoul to pay more for the U.S. troop presence in the country. Just before Trump won the …
South Korea cites previously agreed terms on sharing defense costs after Trump’s demand Read More »
BEIJING (Reuters) -China unveiled new measures on Wednesday to stabilise employment, including expanded social insurance subsidies, special loans, and targeted support for young people looking for jobs, as the country grapples with a prolonged trade war with the United States. Local governments in some regions will raise unemployment insurance refund rates for small firms to …
China unveils new steps to aid employment amid trade tensions Read More »
SINGAPORE (Reuters) -Sri Lanka has the right balance of monetary policy at the moment, and domestic inflation is expected to turn positive around next month, Central Bank of Sri Lanka Governor P. Weerasinghe said on Wednesday. Sri Lanka’s inflation, which was minus 0.6% year-on-year in June, is expected to reach the central bank’s target of …
REUTERS NEXT-Sri Lanka’s central bank chief says monetary policy in right balance Read More »
By Seher Dareen and Trixie Yap LONDON/SINGAPORE (Reuters) -The recovery in global jet fuel demand is set to slow and stall below pre-pandemic levels this year and next as the Chinese travel abroad less, stringent U.S. immigration policies deter some tourists and aircraft fleets become more fuel-efficient. Jet fuel accounts for around 7% of global fuel …
Analysis-Jet fuel demand falters as Chinese curb overseas trips, US policies weigh Read More »
By Liz Lee BEIJING (Reuters) -China’s June new yuan loans tripled compared with a month ago, likely supported by front-loaded public funding and strength in corporate loans against the backdrop of a sustained trade truce between China and the United States. Chinese banks are estimated to have issued 1.8 trillion yuan ($250.69 billion) in net …
China’s June lending seen tripling as trade truce holds: Reuters Poll Read More »
SINGAPORE (Reuters) -Mixed martial arts promotion company ONE Championship’s Co-Founder and Group President Hua Fung Teh said on Wednesday that launching an initial public offering has always been part of the company’s plan. “We have definitely been in conversations with exchanges, both in the West and over here,” he said on a panel at the …
ONE Championship president says IPO always part of the plan Read More »
SINGAPORE (Reuters) -Singapore-headquartered financial technology company Ant International is “seriously considering” stablecoin license applications in multiple jurisdictions around the world, an executive said on Wednesday. “Firstly, we will not be focusing on crypto transactions,” Ant International’s Head of Platform Tech Kelvin Li said in a panel at the Reuters Next Conference in Singapore. “On the …
REUTERS NEXT-Ant International ‘seriously considering’ stablecoin license applications Read More »
SINGAPORE (Reuters) -Budget airline AirAsia is nearing the conclusion of talks with potential strategic investors as the Malaysia-based airline approaches the end of its restructuring process, Deputy Group CEO Farouk Kamal said on Wednesday. The airline, whose parent company Capital A was classified as financially distressed by Malaysia’s stock exchange in 2022, is arranging a …
AirAsia talks with investors near conclusion, says deputy CEO Read More »
BEIJING (Reuters) -China’s industry ministry on Wednesday opened an online channel for complaints about automakers’ pledges to make timely supplier payments, saying it will coordinate with relevant parties to help with solutions. Last month, major Chinese automakers including BYD, Chery, SAIC and Xiaomi vowed to make payments to suppliers within 60 days, as the backlash …
China opens online channel for complaints on automakers’ supplier payments Read More »
