By Leika Kihara TOKYO (Reuters) – The Bank of Japan is staying guarded on the timing of the next rate hike with December hardly a done deal given soft consumption, its governor’s cautious decision-making style and anxiety over U.S. economic policy in a second Trump presidency. BOJ Governor Kazuo Ueda signalled that December will be …
Analysis-BOJ is holding cards close to its chest on December rate hike Read More »
HONG KONG (Reuters) – China’s Xinjiang Cotton Association said that international brands should give “full respect and trust” to Xinjiang cotton, following an executive’s comment last week that clothing company Uniqlo does not take supply from the region. The association called on brands like Uniqlo to resume the use of cotton from China’s far western …
China’s Xinjiang Cotton Association calls on international brands to restore cotton use Read More »
BEIJING (Reuters) -China is seeking public feedback on new guidelines for the reporting of greenhouse gas emissions from the steel industry, the environment ministry said on Friday, part of efforts to prepare mills for their entry into the country’s carbon market. China issued a draft plan in September to extend its emissions trading scheme to …
China seeks feedback on draft guidelines to measure steel sector emissions Read More »
By Satoshi Sugiyama TOKYO(Reuters) -Japanese household spending fell at a slower pace than forecast in October, but while the broader consumption trends remain soft the Bank of Japan is still expected to raise rates again to normalise monetary conditions after a decade of easy policy. Some analysts say a recovery in wages would eventually spur …
Japan’s soft consumer spending unlikely to deter BOJ from raising rates again Read More »
By Neha Arora NEW DELHI (Reuters) – India’s finished steel imports from China reached an all-time high during the first seven months of the current financial year from April, according to provisional government data reviewed by Reuters, rattling hundreds of small Indian steel producers. China, the world’s biggest steel producer, shipped 1.7 million metric tons …
India’s steel imports from China hit record high, latest data shows Read More »
TOKYO (Reuters) – Japan’s base salary grew at a 32-year-high pace in October, government data showed on Friday, boosting real wages after two months of decreases and offering statistical support for the prospects of a central bank rate hike this month. The Bank of Japan must scrutinise various data at its Dec. 18-19 rate review, …
Japan Oct wages show 32-year-high base pay growth, positive for BOJ hike Read More »
WASHINGTON (Reuters) -U.S. Federal Communications Commission Chairwoman Jessica Rosenworcel is proposing that communications service providers be required to submit an annual certification attesting that they have a plan in place to protect against cyberattacks, the agency said in a statement on Thursday.The proposal is in part in response to efforts by an allegedly Beijing-sponsored group …
FCC chair proposes cybersecurity rules in response to China’s Salt Typhoon telecom hack Read More »
By Phuong Nguyen and Khanh Vu HANOI (Reuters) -Chinese online retailers Temu and Shein have suspended their operations in Vietnam as the companies work to register their e-commerce services with the Southeast Asian nation’s authorities, the two companies said on Thursday. The Vietnamese government and domestic businesses have voiced concern about the impact of deep …
Temu, Shein suspend Vietnam operations amid crackdown on e-commerce platforms Read More »
(Reuters) – The National Highway Traffic Safety Administration said on Thursday that Honda would recall about 205,760 SUVs in the United States over a fuel leak issue. The recall includes some Passport and Pilot vehicles from model years 2023-2025. The filler neck tube and pipe may separate, allowing fuel to leak on impacted models, the …
Honda to recall over 205,000 US SUVs over fuel leak concern, NHTSA says Read More »
KARACHI (Reuters) – Saudi Arabia has extended the term of a $3 billion deposit placed with Pakistan to support its economy for another year, Pakistan’s central bank said on Thursday. The term of the deposit, which was maturing on Thursday, was initially signed with State Bank of Pakistan in 2021, and was subsequently rolled over …
Saudi Arabia extends term of $3 billion deposit with Pakistan for another year Read More »
