Reuters Asia Business

Exclusive-Samsung hikes memory chip prices by up to 60% as shortage worsens, sources say

By Hyunjoo Jin and Fanny Potkin SEOUL/SINGAPORE (Reuters) -Samsung Electronics this month raised prices of certain memory chips – now in short supply due to the global race to build AI data centres – by as much as 60% compared to September, two people with knowledge of the hikes said. Shares of Samsung, SK Hynix …

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Japan considers new cyptocurrency rules, Asahi newspaper reports

TOKYO (Reuters) -Japan’s Financial Services Agency (FSA) is considering regulations that would define cryptocurrency as financial products subject to insider trading rules and reduce the tax rate on profits, the Asahi newspaper reported on Sunday. The regulations will apply to 105 types of cryptocurrencies available in Japan such as bitcoin and ethereum, and would require …

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Samsung Elec shares rise more than 3% after investment pledge

SEOUL (Reuters) -Shares of Samsung Electronics gained more than 3% at the market opening on Monday after the company pledged to invest 450 trillion won ($310.14 billion) in the country and add a chip production line in city of Pyeongtaek. (Reporting by Cynthia KimEditing by Ed Davies)

Samsung, Hyundai announce domestic investments after US-South Korea trade deal

SEOUL (Reuters) -Samsung Electronics, Hyundai Motor and other major South Korean manufacturers on Sunday unveiled domestic investment plans, as a U.S. trade deal raised concern investment in the U.S. could weaken manufacturing at home. Samsung Electronics will add a chip production line at its plant in the South Korean city of Pyeongtaek to meet rising …

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Dyed hair and nail art ok! More Japanese firms relax rules in tussle for workers

By Satoshi Sugiyama TOKYO (Reuters) -When 22-year-old Hinako Mori moved to Tokyo last year, she chose to work part-time at Don Quijote, a major discount retailer, for one main reason – it doesn’t care what colour her hair is. Sporting ash blonde locks with light and dark blue streaks when interviewed, Mori likes to dye …

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Top German minister departs for China seeking dialogue on trade tensions

By Maria Martinez BERLIN (Reuters) -Dialogue with China is key to find solutions for pressing problems like supply chain uncertainty and Chinese overcapacity, German Finance Minister and Vice Chancellor Lars Klingbeil said on Sunday ahead of his trip to the country. His visit comes as Germany reassesses its trade policy towards China, accelerating a policy …

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ASML CEO says Dutch-China tension has not hit chip-gear maker

AMSTERDAM (Reuters) -ASML’s CEO said the Dutch chip-gear maker has not been affected by tensions between The Netherlands and China over the Dutch government’s takeover of chipmaker Nexperia. “It will not affect our business in the short term”, ASML CEO Christophe Fouquet said in a Dutch television interview, adding he believes the worst of the …

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Japan’s finance minister says stimulus package to exceed $110 billion, Nikkei reports

TOKYO (Reuters) -Japan’s economic stimulus package will exceed 17 trillion yen ($110 billion), Finance Minister Satsuki Katayama said after meeting with Prime Minister Sanae Takaichi, the Nikkei business daily reported on Sunday. Since taking office in October, Takaichi has pledged to compile a sizeable package of spending measures to cushion the economic blow from rising …

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Indonesian regulator to gradually raise free float rule to 25%, state media says

JAKARTA (Reuters) -Indonesia’s financial regulator will raise the minimum free float requirement for listed firms to 25% from 7.5% currently in stages, state news agency Antara reported on Saturday, in a bid to improve market liquidity. The regulator will soon gradually raise it first to 10%, including on future initial public offerings, before eventually reaching …

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China to strengthen fiscal policy, finance minister says in Xinhua interview

BEIJING/SHANGHAI (Reuters) -China will strengthen fiscal policy over the next five years, said the country’s finance minister on Saturday in an interview with Xinhua News Agency. Finance Minister Lan Foan said the country will strengthen counter-cyclical and cross-cyclical regulation and set the deficit-to-GDP ratio and scale of government borrowing to suit evolving conditions. China will …

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