BEIJING (Reuters) – China said on Wednesday it would continue to enhance coal production and the fuel’s role as a baseline power source. In a wide ranging official report released on Wednesday, China also said it would push ahead with reforms to how clean energy is priced in the grid. China announced plans to scale …
China to boost coal supply capability and enhance fuel’s role as baseline power Read More »
TOKYO (Reuters) – Toyota Motor is increasingly focusing on return on equity as a performance measure, talking internally about raising ROE to 20% as one guideline, a senior finance executive at the Japanese automaker said during an interview on Monday. While cautioning that ROE is not a perfect measure, the executive emphasised consistency over time-bound …
Toyota aims for consistent return on equity, finance executive says Read More »
By Makiko Yamazaki and Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda called for global cooperation on Wednesday, saying geopolitical tension could impact financial stability such as by causing sudden reversals of cross-border capital flows. “Looking ahead, the resilience of Asian emerging market economies will be tested by rising geopolitical tension in several …
BOJ’s Ueda says geopolitical tension could cause capital flow reversal Read More »
SEOUL (Reuters) – The chief executive of South Korean battery maker Samsung SDI said on Wednesday demand for electric vehicles will remain sluggish until the first half of next year. CEO Choi Joo-sun also told reporters at a major battery expo that the company’s earnings will likely bottom out in the first quarter of this …
Samsung SDI CEO says EV demand to remain sluggish until H1 of 2026 Read More »
BEIJING/SHANGHAI (Reuters) – China said on Wednesday it would boost support for the application of artificial intelligence (AI) models and the development of venture capital investment, in a bid to foster more technology breakthroughs and become more self-reliant. The plans were included in a government document prepared for the annual meeting of the National People’s …
China says it will increase support for AI, science and tech innovation Read More »
By Gertrude Chavez-Dreyfuss and Alden Bentley NEW YORK (Reuters) -The euro climbed to a three-month peak against the U.S. dollar on Tuesday after Germany’s conservatives and Social Democrats announced proposals to set up a 500 billion euro fund for infrastructure and overhaul borrowing rules aimed at increasing defense spending. Other currencies in Europe also rose …
Euro gains after German debt reform; US dollar falls Read More »
By Che Pan and Brenda Goh BEIJING/SHANGHAI (Reuters) -China plans to issue guidance to encourage the use of open-source RISC-V chips nationwide for the first time, two sources briefed on the matter said, as Beijing accelerates efforts to curb the country’s dependence on Western-owned technology. The policy guidance on boosting the use of RISC-V chips …
Exclusive-China to publish policy to boost RISC-V chip use nationwide, sources say Read More »
By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) – South Korea and the United States have agreed to establish a working-level group to discuss a gas pipeline project in Alaska, energy, shipbuilding, tariffs and non-tariff barriers, South Korea’s Industry Minister Ahn Duk-geun said on Tuesday. The United States has asked South Korea and other countries …
South Korea and US to form working group on Alaska LNG project, tariffs Read More »
(Reuters) -Sea Ltd topped Wall Street estimates for fourth-quarter revenue on Tuesday, helped by strong growth in its financial services segment and e-commerce platform Shopee. U.S-listed shares of the Southeast Asian technology conglomerate were up 5.5% in early morning trading. Indonesia’s e-commerce market leader, Shopee, has attracted a large user base and become a significant …
Singapore’s Sea beats quarterly revenue estimates on e-commerce strength Read More »
HONG KONG (Reuters) – China’s Xiaomi said on Tuesday it will work with insurance institutions to launch a smart driving protection service with a maximum liability of 3 million yuan ($413,439.54). Xiaomi is the world’s third largest smartphone manufacturer and ventured into making cars last year. ($1 = 7.2562 Chinese yuan renminbi) (Reporting by Jessie …
China’s Xiaomi to launch smart driving protection insurance Read More »
