By Rocky Swift TOKYO (Reuters) – Japan’s Suntory Holdings is betting on its spirits expertise to boost its share in the U.S. canned cocktails market, said a senior official from the drinks giant that aims to become the global leader in the sector by 2030. While Suntory is best known among overseas consumers for its …
By Tomo Uetake and Brigid Riley TOKYO (Reuters) – Japan’s Dai-ichi Life is waiting until after the U.S. election to accelerate superlong-dated Japanese government bond (JGB) purchases, expecting yields will rise, the insurer’s chief investment officer said. The life insurer also expects another Japanese interest rate hike in December. Its plans underscore market participants’ reticence …
Japan’s Dai-ichi Life to delay JGB buying while US votes Read More »
BEIJING (Reuters) – IBM will completely shutter its China R&D, with resulting layoffs affecting over 1,000 jobs, Chinese media outlet Yicai reported on Monday, citing a statement from the company. IBM, the world’s biggest technology services company, did not immediately respond to a request for comment. The decision comes amid the company’s struggles with falling …
IBM to close China R&D department, affecting over 1,000 jobs, Yicai reports Read More »
By Qiaoyi Li and Kevin Krolicki BEIJING (Reuters) – As China seeks to race ahead in humanoid robot development, its supply chains showcased cheaper and innovative parts at the world robot conference in Beijing, but some executives warn the industry has yet to improve product reliability. Wisson Technology (Shenzhen), known for its flexible robotic manipulators, …
China robots conference spotlights the changing face of humanoids Read More »
By Leika Kihara, Howard Schneider and Balazs Koranyi JACKSON HOLE, Wyoming (Reuters) – Growing signs of lackluster growth and risks emerging to the job market overshadowed a gathering of global policymakers at the U.S. Federal Reserve’s annual Jackson Hole conference, highlighting the changing trajectory of monetary policy as U.S. and European central banks eye cutting …
Analysis-Darkening global outlook, central bank pivots signal more turbulence Read More »
By Leika Kihara JACKSON HOLE, Wyoming (Reuters) – For academics and policymakers gathered at the U.S. Federal Reserve’s annual Jackson Hole economic conference to debate how central banks can affect market perceptions on the course of monetary policy, the Bank of Japan might appear to have gotten it right in July when it raised rates …
Analysis-BOJ shows how action matters more than hawkish signs Read More »
BEIJING (Reuters) -China’s Ministry of Commerce said on Sunday it strongly opposed a U.S. decision to add multiple Chinese entities to its export control list over Russia-related issues. The United States on Friday added 105 Russian and Chinese firms to a trade restriction list over their alleged support of the Russian military. The companies – …
China slams US for adding firms to export control list, vows action Read More »
BEIJING (Reuters) -Bank of China Vice Chairman and President Liu Jin resigned for personal reasons effective on Sunday, the bank said. The state-owned lender said its board had approved Chairman Ge Haijiao to serve as acting president, according to a filing released by the bank on Sunday. Bank of China (BOC) did not immediately reply …
By Ju-min Park SEOUL (Reuters) – South Korea’s government and ruling party have agreed to move up an electric vehicle battery certification programme, the party said on Sunday, as authorities seek to alleviate public safety concerns after a series of fires involving EVs. The government will start the battery certification scheme in October, earlier than …
South Korea to advance EV battery certification scheme after fires Read More »
(Reuters) – The United States on Friday added 105 Russian and Chinese firms to a trade restriction list over their alleged support of the Russian military as Washington seeks to keep up pressure on Moscow’s war effort in Ukraine. The companies — 63 Russian and 42 Chinese as well as 18 from other countries — …
U.S. targets 105 Russian and Chinese firms for aiding Russian military Read More »
