SHANGHAI (Reuters) -China’s yuan pared some earlier gains against the dollar on Tuesday after fresh U.S. tariffs on Chinese goods kicked in, heightening trade tensions and threatening to put more pressure on the uneven economy. The United States doubled trade tariffs on Chinese goods to 20% on Tuesday, and Beijing quickly said it will impose …
China’s yuan pares some gains after US tariffs kick in Read More »
TOKYO (Reuters) – Japan’s output gap in the October-December quarter turned positive for the first time in six quarters, the Cabinet Office estimated on Tuesday. A positive output gap occurs when actual output exceeds the economy’s full capacity, and is considered a sign of strong demand. It is among data the Bank of Japan watches …
Japan Q4 output gap turns positive for first time in 6 quarters, govt says Read More »
By Neha Arora NEW DELHI (Reuters) – India’s finished steel imports from China, South Korea and Japan hit a record high in the first 10 months of the financial year, according to provisional government data seen by Reuters on Tuesday. India, the world’s second-biggest crude steel producer, shipped in record quantities of finished steel during …
India’s April-January finished steel imports from S.Korea, China, Japan hit record high Read More »
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka should avoid tax exemptions and focus on passing a national budget that is in line with parameters set by the International Monetary Fund to continue with a $2.9 billion program from the international lender, an IMF official said on Tuesday. Sri Lanka mounted a “remarkable” recovery from a deep financial …
Sri Lanka should avoid tax exemptions, focus on passing budget, IMF says Read More »
BEIJING (Reuters) – China’s central bank should develop new policy tools to help boost consumption, while beefing up efforts to support property and capital markets, a central bank adviser said in remarks published on Tuesday. China should “explore the establishment of structural monetary policy tools related to consumer spending” by prodding financial institutions to issue …
China central bank urged to add policy tools to spur consumption Read More »
BEIJING (Reuters) – The progress of DeepSeek reflects the rise of Chinese companies in artificial intelligence (AI), a spokesperson for China’s parliament told reporters on Tuesday. Lou Qinjian, responding to a question on China’s progress in AI, said what DeepSeek’s young team had achieved was “commendable”. “DeepSeek adheres to an open-source approach and promotes the …
DeepSeek’s progress shows rise of China’s AI companies, says Chinese official Read More »
TAIPEI (Reuters) – Taiwan government will assist TSMC with its future investments in the United States while ensuring that the most advanced semiconductor technology will stay at home, the presidential office said in a statement on Tuesday. TSMC plans to make a fresh $100 billion investment in the United States that would involve building five …
Taiwan will keep most advanced chip technology at home, presidential office says Read More »
BEIJING (Reuters) – Founder of China’s Seres Auto Zhang Xinghai, a delegate to China’s top political advisory body, said that competition in China’s electric vehicle market is extremely intense on price and technology, state media reported on Tuesday. The government should improve regulation to ensure an orderly market, Zhang suggested, according to the Securities Times. …
Seres Auto founder says China EV market competition is intense on price, technology Read More »
By Ella Cao and Mei Mei Chu BEIJING (Reuters) -China’s customs authorities suspended beef imports from seven companies in Brazil, Argentina, Uruguay and Mongolia on Monday amid record imports last year that led to an oversupply and heavy losses at farms. In a notice on its website, China’s General Administration of Customs said it has …
China suspends beef imports from 7 firms in top supplier countries Read More »
TAIPEI (Reuters) – Taiwan’s cabinet spokesperson said on Tuesday that the government will take into account TSMC’s development and Taiwan’s position in the global chips industry when reviewing the chip foundry’s investment plans in the United States. Michelle Lee said the Taiwanese government’s position on overseas investment was to view it positive if it contributed …
Taiwan to review TSMC investment in US, cabinet spokesperson says Read More »
