Reuters Asia Business

By Danial Azhar and Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s civil aviation regulator has cut the duration of Malaysia Airlines’ air operator certificate to one year from three years, following a probe into technical issues faced by the state carrier, the transport minister said on Wednesday. The airline’s parent, Malaysia Aviation Group (MAG), announced on …

Regulator cuts Malaysia Airlines’ air operator certificate duration after probe Read More »

By Clare Jim HONG KONG (Reuters) – Some Hong Kong developers are now turning to housing rental and the leasing market to weather a prolonged downturn in its property market and to serve surging rental demand from mainland Chinese professionals and students. The shift in developers’ strategy is a rare move in a city that …

Betting on Chinese demand, Hong Kong developers turn to rental market Read More »

BEIJING (Reuters) – Chinese ride-hailing giant DiDi Global will swap cash plus its smart driving and cockpit unit for 16.5% of AutoAi, a subsidiary of state-backed maps firm NavInfo, the latter said in a stock exchange filing on Wednesday. DiDi Smart Transportation Technology will make up 87% of AutoAi’s plan to boost its registered capital …

China’s DiDi to become 2nd-largest shareholder of state-backed NavInfo unit Read More »

By Takahiko Wada and Makiko Yamazaki KOFU/TOKYO (Reuters) -Bank of Japan Deputy Governor Ryozo Himino on Wednesday reiterated the central bank’s stance that it would continue to raise interest rates if inflation stayed on course, while also closely monitoring financial market conditions. His comments echo those from Governor Kazuo Ueda last week, who suggested that …

BOJ’s Himino reiterates readiness to raise rates if economy on track Read More »

BEIJING (Reuters) -Chinese electric vehicle maker Xpeng priced the first model of its budget sub-brand MONA from $16,813 on Tuesday, wedging into the mainstream but highly competitive segment of the world’s largest auto market. The MONA M03 electric hatchback coupe is Xpeng’s most affordable model and will compete with other EVs priced in the 100,000-150,000 …

China’s Xpeng prices its first budget EV from $16,813 Read More »

By Raphael Satter WASHINGTON (Reuters) -A Chinese hacking group exploited a software bug to compromise several internet companies in the U.S. and abroad, a cybersecurity firm said on Tuesday. Researchers at the firm, Lumen Technologies, said in a blog post that the hackers took advantage of a previously unknown vulnerability in Versa Director – a …

Chinese hackers exploited bug to compromise internet companies, cybersecurity firm says Read More »

By Jonathan Stempel (Reuters) – TuSimple reached a $189 million settlement of a lawsuit accusing the self-driving truck technology company of defrauding shareholders by overstating its safety record and concealing three insiders’ control of a Chinese trucking rival. A preliminary settlement of the proposed class action was filed on Monday in the federal court in …

Self-driving truck company TuSimple settles fraud lawsuit for $189 million Read More »