Reuters Asia Business

By David Shepardson WASHINGTON (Reuters) -The National Highway Traffic Safety Administration said on Monday it is opening a probe into 1.4 million Honda vehicles after reports of serious engine issues. Honda in November 2023 recalled 249,000 vehicles in the United States with a 3.5 liter V6 engine after the Japanese automaker said a manufacturing defect …

US opens probe into 1.4 million Honda vehicles over engine issues Read More »

By Jonathan Stempel NEW YORK (Reuters) – Huawei Technologies asked a U.S. judge to dismiss much of a federal indictment accusing the Chinese telecommunications company of trying to steal technology secrets from U.S. rivals and misleading banks about its business in Iran. In a Friday night filing in federal court in Brooklyn, Huawei said there …

China’s Huawei Technologies seeks dismissal of US criminal charges Read More »

By Simon Jessop, Karin Strohecker and Katy Daigle BAKU (Reuters) – The Asian Development Bank will increase its climate-related lending by up to $7.2 billion after the United States and Japan agreed to underwrite risk for some existing loans, an ADB executive said, marking the first ever sovereign guarantees for climate finance. The new strategy, …

Exclusive-ADB increases climate finance after US, Japan give world’s first sovereign guarantees Read More »

By Takaya Yamaguchi and Leika Kihara TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba on Monday unveiled a $65 billion plan to boost the country’s chip and artificial intelligence industries via subsidies and other financial incentives. The plan, which will provide support worth 10 trillion yen ($65 billion) or more by fiscal 2030, comes as countries …

Japan unveils $65 billion plan to aid domestic chip industry Read More »

SHANGHAI (Reuters) – China’s semiconductor index leapt close to a three-year high on Monday on bets a U.S. order halting Taiwan Semiconductor Manufacturing Co’s shipments of advanced chips to Chinese customers could accelerate Beijing’s self-reliance efforts. TSMC will from Monday suspend shipments of certain sophisticated chips to some Chinese clients after receiving a letter from …

China chip index nears 3-year high as TSMC order fuels self-reliance bets Read More »

By Kevin Yao and Liz Lee BEIJING (Reuters) -New bank lending in China tumbled more than expected to a three-month low in October, as a ramp-up of policy stimulus to buttress a wavering economy failed to boost credit demand. Chinese banks extended 500 billion yuan ($69.51 billion) in new yuan loans in October, down sharply …

China’s October new lending tumbles more than expected despite policy support Read More »

By Phuong Nguyen and Khanh Vu HANOI (Reuters) -Vietnam said Chinese online retailers Shein and Temu need to register with the government before the end of November or it will block their internet domains and apps from being used in the country. Vietnam’s government and local businesses have expressed concern about the impact of Chinese …

Vietnam says Temu, Shein must register with government or be blocked Read More »