Reuters Asia Business

(Reuters) -China’s automakers are outpacing foreign rivals in their push for assisted-driving technology, eager to woo motorists hungry for rapid innovation. Yet, Beijing has a nuanced message for its rising stars: move fast – but be careful. Regulators this week have been finalising new safety rules for driver-assistance systems as Beijing sharpens scrutiny of the …

Analysis-China urges caution – and speed – on assisted-driving technology Read More »

By Mikhail Flores and Karen Lema MANILA (Reuters) -Philippine annual inflation quickened slightly in June, driven by increased utility costs, but remained below the central bank’s target range and left the door open for further interest rate cuts to support economic growth. The consumer price index rose by 1.4% year-on-year in June, marginally above May’s …

Philippine annual inflation quickens slightly, but no bar to more rate cuts Read More »

By Satoshi Sugiyama TOKYO (Reuters) -Japanese household spending surged at the fastest pace in nearly three years in May, offering some hopes that tepid consumption might be turning a corner even as risks from U.S. tariffs remain a drag on confidence and economic growth. Analysts say consumers will be wary of the outlook at a time …

Japan’s household spending rises at quickest pace in 3 years as tariff risks loom Read More »

(Reuters) -Chinese tech giant Alibaba Group is seeking to raise around HK$12 billion ($1.53 billion) through exchangeable bonds to boost investments in its cloud infrastructure and global commerce operations, the company said on Thursday. Investors can later exchange these bonds, which link to Alibaba Health Technology, for shares in Alibaba Health, and the bonds will …

Alibaba plans to raise $1.53 billion with exchangeable bonds for cloud, commerce push Read More »

By Arsheeya Bajwa and Medha Singh (Reuters) -Shares of Synopsys and Cadence Design Systems jumped on Thursday after the U.S. lifted export curbs on chip design software to China, easing uncertainty around access to the crucial market. The restrictions, announced in late May, had essentially cut off the market that brings over 10% of revenue …

Chip design software firms climb as US lifts curbs on China exports Read More »

By Arathy Somasekhar and Karen Freifeld HOUSTON (Reuters) -The U.S. cleared the way to resume ethane exports to China on Wednesday, sending letters to producers Enterprise Products Partners and Energy Transfer rescinding a restrictive license requirement put in place just weeks ago, a sign that the U.S.-China trade truce was on track. The U.S. had …

US paves way to resume ethane exports to China amid trade truce Read More »

BEIJING (Reuters) -Only 15 out of the 129 brands that currently sell electric vehicles and plug-in hybrids in China will be financially viable by 2030, as intense competition forces consolidation and some to exit the market, consultancy AlixPartners said on Thursday. These 15 brands are projected to account for approximately 75% of China’s EV and …

Only 15 electric vehicle brands in China will be financially viable by 2030, AlixPartners says Read More »