By Summer Zhen HONG KONG (Reuters) -The yuan came under renewed pressure against the dollar on Thursday, giving up some initial gains as markets reflected on a Reuters report that China may weaken the yuan to weather the risk of U.S. trade tariffs. At 0400 GMT, the yuan was 0.03% lower at 7.2637 to the …
Yuan pressured by depreciation expectations; long-term yields fall to record lows Read More »
BEIJING (Reuters) – China’s customs chief Yu Jianhua, a top trade negotiator who navigated the country through the trade war during Donald Trump’s previous presidential term, died of an undisclosed sudden illness on Tuesday. The 63-year-old abruptly fell ill on Tuesday and emergency rescue efforts failed to save him, the General Administration of Customs …
China’s customs chief and trade veteran dies of sudden illness Read More »
By Yoshifumi Takemoto TOKYO (Reuters) – Japan’s government plans to raise the country’s key taxes starting in April 2026 to fund more defence spending after a one-year delay, according to a document seen by Reuters on Thursday. The plan, following through on former Prime Minister Fumio Kishida’s commitment to raise taxes to double defence spending …
Japan plans to raise key taxes in 2026 to fund defence budget expansion Read More »
KUALA LUMPUR (Reuters) – Malaysia launched on Thursday a national artificial intelligence office aimed at shaping policies and addressing regulatory issues, as it looks to establish itself as a regional hub for AI development. The Southeast Asian country has secured billions of dollars in investment in the past year from global tech firms seeking to …
Malaysia launches national AI office for policy, regulation Read More »
(Corrects title of Saxo’s Charu Chanana to chief investment strategist from head of currency strategy) (Reuters) – Reuters reported on Wednesday that China is considering allowing the yuan to weaken in 2025 to brace for higher trade tariffs in a second Donald Trump presidency, citing people familiar with the matter. Foreign exchange markets moved on …
By David Dolan and Rocky Swift TOKYO (Reuters) – A rise in shareholder activism in Japan is poised to fuel a new wave of management buyouts by founding families, after the battle for 7-Eleven’s parent company prompted a $58 billion takeover offer from the Ito dynasty that built the retail giant. Seven & i Holdings …
Analysis-7-Eleven battle shows resilience of Japan Inc’s family ties Read More »
By Tom Westbrook and Alun John SINGAPORE/LONDON (Reuters) -High-level discussions in China about allowing its currency to weaken next year underscore the risk for investors and companies that big foreign exchange moves are coming as U.S. tariffs shift global trade and money flows, analysts said. Reuters reported on Wednesday that China was considering letting the …
Weaker Chinese yuan talk raises spectre of FX race to the bottom Read More »
By Yantoultra Ngui and Stefanno Sulaiman SINGAPORE/JAKARTA (Reuters) -Indonesian telcos XL Axiata, Smartfren Telecom and its unit Smart Telcom (SmartTel) have agreed to merge to create an entity with an enterprise value of 104 trillion rupiah ($6.5 billion), the companies said on Wednesday. Reuters first reported on the merger with financial details earlier on Wednesday. …
Indonesia’s XL Axiata, Smartfren agree to $6.5 billion merger Read More »
By Anton Bridge and Anirban Sen TOKYO/NEW YORK (Reuters) -Japanese eyecare products maker TopCon is exploring going private and other measures to raise corporate value, it said in a statement, following reports that private equity firms were placing bids to buy the company. Private equity firms including KKR & Co are bidding to acquire the …
Japan’s TopCon says it is exploring going private and other options Read More »
SHANGHAI (Reuters) – Huawei’s new Mate 70 smartphone contains a chip whose design shows only an “incremental improvement” over its predecessor and, contrary to some expectations, was made using the 7 nanometer (nm) process node, consultancy TechInsights said on Wednesday. The consultancy said a teardown it conducted of the Mate 70 Pro+ found that it …
Huawei’s new Mate 70 phone chip shows no major redesign, TechInsights says Read More »
