Reuters Asia Business

SEOUL (Reuters) – South Korea’s central bank governor said on Thursday that the most important factor determining the health of Asia’s fourth-largest economy in the next few months was whether recent political turmoil would stabilise. “Previously, the biggest variable was U.S. monetary and trade policy. Now, more than that, the biggest factor determining the economy …

Bank of Korea governor says resolving political turmoil key for economy Read More »

JAKARTA (Reuters) – Indonesia’s central bank said the rupiah’s fall against U.S. dollar was still under control, after the currency slid to its weakest level in more than six months on Thursday following a surprise cut in interest rates the day before. “The market reaction that occurred this morning is still under control and short …

Indonesia central bank says rupiah’s weakness under control Read More »

HANOI (Reuters) – The Vietnam government said late on Wednesday that it will consider removing regulatory hurdles to allow aircraft manufactured by Chinese state-owned planemaker COMAC to operate in the country. COMAC is seeking to establish itself as an alternative to leading Western planemakers Airbus and Boeing. However, its two passenger plane models currently operate …

Vietnam considers removing barriers for China-made COMAC aircraft to operate in country Read More »

BEIJING (Reuters) – Chinese artificial intelligence-related Beijing Zhipu Huazhang Technology said on Thursday it “strongly opposes” the United States commerce department’s intention to add the company and its subsidiaries to its export control entity list. Zhipu said the decision lacked factual basis, in a statement on its official WeChat social media account. (Reporting by Joe …

Chinese AI-related firm Zhipu says strongly opposes inclusion in US export control entity list Read More »

WASHINGTON (Reuters) – A Toyota Motor Corp unit agreed to plead guilty and pay over $1.6 billion in a settlement with U.S. government agencies to settle violations related to an emissions fraud scheme, the U.S. Justice Department said in a statement on Wednesday. The Justice Department, FBI and Environmental Protection Agency, among other bodies, reached …

US says Toyota unit to plead guilty, pay over $1.6 billion to settle fraud scheme Read More »