TOKYO, Dec 2 (Reuters) – Japanese Finance Minister Satsuki Katayama said on Tuesday she sees no gap between the government and the Bank of Japan on their assessment of the economy, after the central bank chief voiced confidence in the outlook and hinted at a rate hike. “We believe there is no discrepancy between the …
Japan finance minister says no divergence with BOJ on economic assessment Read More »
KUALA LUMPUR, Dec 2 (Reuters) – Malaysian Prime Minister Anwar Ibrahim said U.S. chipmaker Intel has announced an additional investment of 860 million ringgit ($208 million) in the country for assembly and testing operations. Anwar said in a social media post on Monday that the announcement followed a meeting between himself and Intel CEO Lip-Bu …
Intel to invest additional $208 million in Malaysia, PM says Read More »
By Cynthia Kim SEOUL, Dec 2 (Reuters) – South Korea’s consumer prices rose 2.4% in November from a year earlier, driven by higher food and services costs, bolstering the case for the Bank of Korea to maintain interest rates at the current level for longer. The consumer price index was roughly in line with median …
South Korea headline inflation at 2.4% y/y, bolstering case for rate pause Read More »
By Samuel Shen, Jiaxing Li and Rae Wee SINGAPORE/SHANGHAI, Dec 1 (Reuters) – Fund managers are picking Chinese industrial stocks and holding volatile tech shares, betting a two-year-old equities rally can withstand an economic rough patch, as valuations and steady returns lure foreign investors back. China’s blue-chip index CSI300 <.CSI300> has matched the S&P 500 …
China’s slow-motion stock rally starts to win investor trust Read More »
By David Lawder Dec 1 (Reuters) – U.S. Commerce Secretary Howard Lutnick on Monday confirmed that the general tariff rate on imports from South Korea, including on autos, would drop to 15% retroactive to November 1 because South Korea has introduced legislation in parliament to implement the country’s strategic U.S. investment commitments. In a statement …
US Commerce chief confirms South Korea’s 15% tariff rate retroactive to November 1 Read More »
SEOUL, Dec 2 (Reuters) – The U.S. will lower import duties on South Korean autos to 15% effective retroactively to November 1 and match the reciprocal tariffs imposed on Japan and the EU, Commerce Secretary Howard Lutnick said on Tuesday. The move is according to a trade agreement between the two countries announced last month …
US to lower tariffs on South Korean autos to 15% effective Nov 1, Lutnick says Read More »
SINGAPORE, Dec 2 (Reuters) – Singapore-based fintech firm YouTrip said on Tuesday it will launch in Australia, its first new market since the COVID-19 pandemic, aiming to use it as a springboard for further expansion into other high-travel Asia-Pacific markets. YouTrip now operates in Singapore and Thailand, offering a multi-currency travel card and processing more …
Singapore’s YouTrip to enter Australia, first new market since COVID-19 pandemic Read More »
By Hyunjoo Jin and Joyce Lee SEOUL, Dec 1 (Reuters) – South Korean police said on Monday they were tracing IP addresses and looking into possible tech vulnerabilities at Coupang after the e-commerce giant suffered the country’s worst data breach in over a decade. Shares of the company fell 6.5% in morning trading. The personal …
South Korean police probe massive data leak at Coupang Read More »
By Arriana McLymore NEW YORK, Dec 1 (Reuters) – U.S. Republican Senator Tom Cotton of Arkansas sent a letter to Attorney General Pam Bondi on Monday calling for the U.S. departments of Justice and Homeland Security to investigate online retailers Shein and Temu, which ship most of their merchandise from China, for wide-scale intellectual property theft …
By Jonathan Stempel Dec 1 (Reuters) – Texas Attorney General Ken Paxton said on Monday he is investigating Shein, to determine whether the fast fashion retailer violated state law related to unethical labor practices and the sale of unsafe consumer products. Paxton’s investigation increases pressure on Shein, which was embroiled in scandal last month after …
Shein probed by Texas attorney general over labor practices, product safety Read More »
