Reuters Asia Business

Samsung workers to continue India plant strike after talks end without deal

12 Sep 2024

By Praveen Paramasivam SRIPERUMBUDUR (Reuters) -Samsung Electronics employees will continue their strike for the fifth day after a meeting on Thursday between their union, the company’s management and the state government could not reach any settlement, a union leader told Reuters. Appliances including televisions, refrigerators and washing machines are made at the plant, which contributes …

Samsung workers to continue India plant strike after talks end without deal Read More »

Factbox-Airlines suspend flights as Middle East tensions rise

12 Sep 2024

(Reuters) -Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have adjusted services to and from the region: AIR ALGERIE The Algerian airline suspended flights to and from Lebanon until further notice. …

Factbox-Airlines suspend flights as Middle East tensions rise Read More »

China to cut rates on $5 trillion of mortgages as soon as September, Bloomberg News reports

12 Sep 2024

(Reuters) – China is poised to cut interest rates on more than $5 trillion of outstanding mortgages as early as this month, Bloomberg News reported on Thursday, citing people familiar with the matter. Some banks are making final preparations to get ready for the upcoming adjustments on mortgage rates, the report said, adding that some …

China to cut rates on $5 trillion of mortgages as soon as September, Bloomberg News reports Read More »

China’s commerce minister to visit EU as EV tariff vote looms

12 Sep 2024

BEIJING (Reuters) – China’s Commerce Minister Wang Wentao will visit Europe in the coming days for discussions on the European Union’s anti-subsidy case against China-made electric vehicles (EVs) as a vote on imposing more EV tariffs looms. Wang will hold talks with the European Commission’s Executive Vice President and Trade Commissioner Valdis Dombrovskis on Sept. …

China’s commerce minister to visit EU as EV tariff vote looms Read More »

China’s Chery plans investment drive to build Omoda, Jaecoo brands in Europe

12 Sep 2024

MILAN (Reuters) – Chinese carmaker Chery Auto is ready to spend billions of euros to ensure its Omoda and Jaecoo brands are embraced by European customers within three years, the head of the two brands for the Italian market told Reuters. Chery Auto is launching Omoda and Jaecoo in Europe this year, with an initial …

China’s Chery plans investment drive to build Omoda, Jaecoo brands in Europe Read More »

Nippon Steel, U.S. Steel make last-ditch effort to win US nod, source says

12 Sep 2024

By Alexandra Alper and David Shepardson WASHINGTON (Reuters) -A top Nippon Steel executive and U.S. Steel’s CEO are meeting with senior U.S. officials on Wednesday in an effort to salvage Nippon’s $14.9 billion bid for U.S. Steel, a person familiar with the matter said. The meeting, including Takahiro Mori, a key Nippon negotiator on the …

Nippon Steel, U.S. Steel make last-ditch effort to win US nod, source says Read More »

Bank of Korea board member says growth, financial stability are key to rate cuts

12 Sep 2024

SEOUL (Reuters) – A board member of South Korea’s central bank said economic growth and financial stability are key factors for the monetary policy board to consider as it determines the timing and pace of interest rate cuts. “We should simultaneously consider the impact of interest rate cuts on growth and financial stability,” Hwang Kun-il, …

Bank of Korea board member says growth, financial stability are key to rate cuts Read More »

South Korea to fully lift short-selling ban in March 2025, regulator says

12 Sep 2024

SEOUL (Reuters) – South Korea’s financial regulatory agency said on Thursday that authorities intend to fully lift a ban on the short-selling of stocks in March next year, marking the first time this has been done in five years. “We will aim to fully resume short-selling at the end of March next year by amending …

South Korea to fully lift short-selling ban in March 2025, regulator says Read More »

Hawkish BOJ policymaker calls for rates to rise to at least 1%

12 Sep 2024

By Leika Kihara OKAYAMA, Japan (Reuters) -The Bank of Japan must raise interest rates to at least 1% as soon as the second half of next fiscal year, hawkish policymaker Naoki Tamura said on Thursday, reinforcing the bank’s resolve to persist with steady monetary tightening. It was the first time a BOJ policymaker publicly specified …

Hawkish BOJ policymaker calls for rates to rise to at least 1% Read More »

US seizes over 350 websites used to import gun parts from China

11 Sep 2024

By Nate Raymond BOSTON (Reuters) – U.S. authorities said on Wednesday they had seized more than 350 websites selling gun silencers and parts from China used to covert semiautomatic pistols into fully automatic machine guns. Federal prosecutors in Boston said the seizures followed an investigation since August 2023 into websites, businesses and people offering to …

US seizes over 350 websites used to import gun parts from China Read More »

Close Bitnami banner
Bitnami