By Joe Cash and Ethan Wang BEIJING (Reuters) -China’s manufacturing activity expanded at the fastest pace in a year in March, a factory survey showed on Monday, with new orders boosting production, giving the world’s No. 2 economy some reprieve as it deals with an intensifying U.S. trade war. The reading should reassure officials that …
China’s manufacturing hits 12-month high, driven by strong orders Read More »
TOKYO (Reuters) – Fuji Media should apologise to victims of a sexual assault scandal and set up a mechanism to address human rights-related grievances involving the company, according to a report commissioned by the Japanese broadcaster and released on Monday. The probe followed allegations in the Japanese media of sexual misconduct by Masahiro Nakai, a …
Fuji Media report calls for grievance mechanism after sexual assault scandal Read More »
HONG KONG (Reuters) -A pro-Beijing Hong Kong newspaper stepped up criticism of CK Hutchison’s deal to sell its Panama ports to a BlackRock-led group, sending its shares lower on Monday, as sources said the transaction, due to be signed by April 2, would be delayed. The deal has become highly politicised as the Hong Kong …
Pro-Beijing media ramp up attack on CK Hutchison ports deal Read More »
SHANGHAI (Reuters) – China’s top copper smelters decided not to set second quarter guidance for copper concentrate processing treatment and refining charges (TC/RCs) at a meeting on Monday, source said, as the industry grapples with an acute shortage of concentrate. The scramble for stock has kept spot TC/RC prices negative since December, resulting in a …
China’s smelter group agrees not to set Q2 copper TC/RCs guidance, sources say Read More »
By Anton Bridge TOKYO (Reuters) -Japan’s Government Pension Investment Fund (GPIF) will retain its existing portfolio composition, an equal split between domestic stocks and bonds, and foreign stocks and bonds in 2025 and beyond, it said on Monday. Over the fund’s five year mid-term plan period to the end of the 2029 financial year, the …
Japan’s $1.7 trillion GPIF to keep portfolio composition unchanged Read More »
BEIJING (Reuters) – Chinese artificial intelligence startup Zhipu AI unveiled a free AI agent on Monday, joining a wave of similar launches in China’s increasingly competitive AI market. The product, called AutoGLM Rumination, can perform deep research as well as tasks including web searches, travel planning, and research report writing, CEO Zhang Peng said at …
China’s Zhipu AI launches free AI agent, intensifying domestic tech race Read More »
By Kane Wu and Anton Bridge TOKYO (Reuters) – Investment firm Granite Asia has set up a joint venture with Japanese private equity firm Integral to invest in Japanese tech startups and support foreign tech firms’ expansion into the Japanese market, it said in a release on Monday. Singapore-based Granite and Integral will each contribute …
Granite Asia and Integral establish $100 million Japan joint venture Read More »
(Reuters) -One of the world’s largest aircraft leasing companies, BOC Aviation, will purchase 120 single-aisle planes from Airbus and Boeing, it said on Monday, as it seeks to grow its fleet to 1,000 by the end of the decade. Singapore-based BOC Aviation, majority-owned by Bank of China, ordered 70 A320neo family aircraft from Airbus and …
Lessor BOC Aviation to buy 120 Airbus, Boeing jets to grow fleet Read More »
By Aditi Shah and Norihiko Shirouzu NEW DELHI/AUSTIN (Reuters) – Soaring demand for Toyota’s gasoline-electric hybrids has left suppliers struggling to keep pace, leading to shortages of parts and months-long waits for car buyers, according to four people familiar with the situation. Stocks of hybrids are low at Toyota dealers across major markets, including the …
Exclusive-Dude, where’s my car? Toyota buyers face long waits amid hybrid boom Read More »
By Ben Blanchard and Faith Hung TAIPEI (Reuters) – TSMC said on Monday that its newly built domestic fab would add 7,000 tech jobs to the island’s economy and that it will continue to expand in Taiwan, following concern that its investment in the U.S. will dilute its presence at home. Y.P. Chyn, TSMC’s executive …
TSMC affirms commitment to Taiwan with new domestic fab amid overseas expansion Read More »
