BEIJING (Reuters) -China’s consumer inflation hit a five-month low in November as fresh food prices pulled back while factory deflation persisted, suggesting Beijing’s recent efforts to shore up faltering economic demand are having only limited impact. The world’s second-largest economy is bracing for likely fresh tariffs from a second Donald Trump White House and still …
China’s inflation weakens as new risks cloud horizon Read More »
By Leika Kihara and Takahiko Wada TOKYO (Reuters) -The Bank of Japan must raise interest rates and continue phasing out a controversial stimulus programme blamed for causing unwelcome yen declines, Yoshihiko Noda, leader of the country’s biggest opposition party, told Reuters on Friday. Noda said in an interview that Japan needs to focus more on …
Japan’s main opposition leader calls for gradual BOJ rate hikes Read More »
By Helen Reid LONDON (Reuters) – Workers in some of the world’s biggest garment manufacturing hubs in Bangladesh, Vietnam, and Pakistan are increasingly exposed to extreme heat as climate change pushes temperatures up, a report found on Sunday, a problem multinational retailers and brands will have to help address. New European Union regulations make retailers …
Extreme heat puts garment factory workers at risk, study shows Read More »
By Kanjyik Ghosh (Reuters) -The president and financial chief of China’s Ant Group, Cyril Han, will take over from Eric Jing as chief executive from March 1, showed an internal memo seen by Reuters which was confirmed by a spokesperson. Han will continue to report to Jing who will remain as chairman, the memo showed. …
Ant Group’s President Han to become CEO in March; Jing to stay as chairman Read More »
HANOI (Reuters) – Vietnamese electric vehicle (EV) manufacturer VinFast on Sunday announced a plan to build its second domestic production plant that will double its output capacity, saying it is needed to meet increased demand for its small and mid-sized models. VinFast said the new facility is expected to produce 300,000 units annually in its …
EV maker VinFast to build second production plant in Vietnam Read More »
TOKYO (Reuters) – Japan’s Chugoku Electric Power on Saturday restarted its Shimane nuclear power station in western Japan, shuttered since shortly after the 2011 Fukushima meltdown, the company said. The long-delayed restart of the 820 plant’s megawatt (MW) No. 2 reactor, which was shut down in January 2012, boosts the number of Japan’s operational reactors …
Japan’s Chugoku Elec restarts Shimane reactor for first time in 13 years Read More »
SHANGHAI (Reuters) – China’s central bank resumed buying gold for its reserves in November after a six-month pause, official data by the People’s Bank of China (PBOC) showed on Saturday. The PBOC was the world’s largest official sector buyer of gold in 2023. Resumption of its purchases may support Chinese investor demand which was muted …
China’s central bank resumes gold purchases after six-month hiatus in Nov Read More »
By David Shepardson and Mike Scarcella WASHINGTON (Reuters) -A U.S. federal appeals court on Friday upheld a law requiring Chinese-based ByteDance to divest its popular short video app TikTok in the United States by early next year or face a ban. The decision is a major win for the Justice Department and opponents of the …
US appeals court upholds TikTok law forcing its sale Read More »
(Reuters) – Teva Pharmaceutical Industries said on Thursday it will transfer ownership of its business venture that sold generics in Japan to JKI. Israel-based Teva’s deal with JKI will transfer all the shares of the unit Teva-Takeda and its subsidiary Teva Takeda Yakuhin to the firm. Teva-Takeda is a joint venture established in 2016 by …
Pharma firm Teva to divest its business venture in Japan Read More »
(Reuters) -Country Garden said on Friday the Shanghai Stock Exchange would impose self-regulatory measures on the embattled property developer, its chairman, chief financial officer and president due to the failure to publish its 2023 annual report on time. The Shanghai Stock Exchange and the Shenzhen Stock Exchange have also made the decision to impose self-regulatory …
Shanghai Stock Exchange to impose self-regulatory measures on China’s Country Garden Read More »
