TOKYO (Reuters) -Japan’s core consumer inflation probably accelerated in October for the second straight month, a Reuters poll showed on Friday, as smaller energy subsidies compared with a year earlier pushed up utility costs, while food price gains moderated. The nationwide core consumer price index (CPI), which includes energy items but excludes fresh food prices, was …
SEOUL (Reuters) -South Korea and the United States signed a memorandum of understanding to realise $350 billion in strategic investments in various industries in the U.S., South Korea’s Industry Minister Kim Jung-kwan said at a briefing on Friday. The two countries will complete the selection of investment plans by January 2029, Kim said. (Reporting by …
South Korea, US sign MOU on $350 billion strategic investment, Seoul says Read More »
(Reuters) -China’s BYD has told some suppliers it wants to stop using in-house financial notes to pay them, people briefed on the matter said – a seismic shift away from a practice that helped power its rise but has been criticised for disadvantaging its parts makers. BYD, one of the world’s biggest electric vehicle makers, …
BYD shifts away from in-house payment system that strained suppliers, sources say Read More »
By Rozanna Latiff KUALA LUMPUR (Reuters) – Malaysia’s economy expanded at its fastest pace in a year in the third quarter, with 2025 growth slated to register in the upper end of Bank Negara Malaysia’s (BNM) forecast, the central bank said on Friday. Gross domestic product rose 5.2% in the July-to-September period, data from BNM …
Malaysia’s Q3 growth hits 5.2%, outlook for 2025 at high end of forecast Read More »
By Maria Martinez BERLIN (Reuters) -Germany’s parliament appointed an expert commission on Thursday to rethink trade policy towards China, accelerating a policy of “de-risking” after Beijing’s curbs on rare earths exports exposed how quickly German industry could be throttled. While a 2023 China strategy paper, which was commissioned by the previous government, contained only general …
Germany rethinks China policy as trade squeeze exposes vulnerabilities Read More »
(Reuters) -Country Garden Holdings said on Friday it will seek shareholder approval for an offshore debt restructuring proposal aiming to deleverage by around $11 billion, as well as for other loan repayment plans, that will see a dilution in their stakes. Aimed at easing one of the biggest defaults in China’s property sector, the debt …
Country Garden seeks shareholder approval on $13 billion convertible bonds issue Read More »
SEOUL (Reuters) -South Korea’s government said on Friday it would boost subsidies for electric vehicles (EVs) by 20% next year as part of a package to help the country’s auto industry weather risks caused by U.S. tariffs. The government said in a statement passenger EV subsidies would be increased to 936 billion won ($658.47 million) …
South Korea to boost EV subsidies in 2026 to help auto industry weather US tariffs Read More »
By Leika Kihara TOKYO (Reuters) -As Japanese authorities once again battle a slide in the yen, their efforts this time are struggling for traction, undermined by new prime minister Sanae Takaichi’s promotion of advocates of big fiscal and monetary stimulus to key posts. While Tokyo officials this week warned against sharp downward moves in the …
Analysis-Japan’s fight with yen bears dulled by Takaichi’s doves Read More »
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s new home prices fell at the fastest monthly pace in a year in October, official data showed on Friday, highlighting persistently weak demand in the crisis-hit property sector and reinforcing the need for further policy support. Prices fell 0.5% month-on-month, the steepest decline since October last …
China’s October new home prices fall at fastest pace in a year Read More »
By Che Pan and Brenda Goh BEIJING (Reuters) -Semiconductor Manufacturing International Corp <0981.HK>, China’s largest contract chipmaker, on Friday said growing worries about a shortage of memory chips are prompting its customers to hold back their orders for other types of semiconductors. “People don’t dare place too many orders for the first quarter next year,” …
SMIC says worries over memory shortage prompt customers to hold back Q1 orders Read More »
