By Heekyong Yang and Joyce Lee SEOUL (Reuters) – Battery maker LG Energy Solution Ltd (LGES) said on Tuesday it aims to boost sales by about 8% in 2022, forecasting a pick-up in demand for electric vehicle (EV) batteries as a global chip shortage eases later this year. The newly listed South Korean firm, which …
EV battery giant LG Energy Solution sees demand rising as chip shortage eases Read More »
JAKARTA (Reuters) – Indonesia’s foreign exchange reserves fell by $3.6 billion in January to $141.3 billion, a level equivalent to 7.6 months of imports, the central bank said on Tuesday. Bank Indonesia in a statement attributed the drop to repayment of public debt and a reduction in the level of commercial banks’ foreign currency placement …
Indonesia FX reserves fall $3.6 billion in Jan to $141.3 billion Read More »
BANGKOK (Reuters) – Thailand’s exports are expected to rise by 5% in the first quarter from a year earlier, helped by a global economic recovery, the national shippers’ council said on Tuesday. For 2022, the group maintains its export forecast at a 5% to 8% rise, the group said in a statement. Exports rose 17.1% …
Feb 8 (Reuters) – Malaysia’s industrial production in December rose 5.8% from a year earlier, below forecast, government data showed on Tuesday. December’s industrial production was expected to rise 7.1%, according to 12 economists surveyed in a Reuters poll.
SEOUL (Reuters) – South Korea’s economic policies should focus on stabilizing consumer inflation and managing household debt as higher interest rates have made repayments more onerous, President Moon Jae-said on Tuesday, with just a few months left in office. Presiding a cabinet meeting, Moon said consumer price pressures are building which could hurt household finances …
S.Korea’s president prioritises tackling inflation, rising household debt Read More »
(Reuters) – Tesla Inc decided to remove one of the two electronic control units included in the steering racks of some made-in-China Model 3 and Model Y cars to meet fourth-quarter sales goals while coping with global chip shortage, CNBC reported on Monday. The electric-car maker did not disclose the exclusion, which already affected tens …
Tesla cut steering component from some cars to deal with chip shortage – CNBC Read More »
By Shaloo Shrivastava BENGALURU (Reuters) – Indonesia’s central bank will raise rates faster than thought just a month ago as concerns mount about a weaker rupiah as the Federal Reserve gears up to increase its own interest rate next month amid soaring U.S. inflation, a Reuters poll showed. But unlike many major economies, Indonesian inflation …
Pressure on Bank Indonesia to raise rates, but will not until Q3’22- Reuters Poll Read More »
By Daniel Leussink TOKYO (Reuters) -Japan’s household spending posted an annual decline for the fifth straight month in December, as consumer demand stayed sluggish and policymakers now grapple with a fresh surge in coronavirus infections. The extended spending decline casts a cloud over the broader recovery prospects of the world’s third-largest economy, which has yet …
Japan’s Dec household spending falls for 5th straight month Read More »
TOKYO (Reuters) – Japan’s real wages posted the largest drop in more than 18 months in December, the government said on Tuesday, as global inflationary pressures and a rise in part-time workers hurt households’ purchasing power. The world’s third-largest economy has struggled to achieve a substantial improvement in wages for years, undermining its ability to …
Japan Dec real wages post biggest monthly fall since May 2020 Read More »
By Sarah N. Lynch WASHINGTON (Reuters) – The U.S. Justice Department said on Monday it has brought criminal charges against China-based telecommunications company Hytera, accusing it of conspiring with Motorola Solutions Inc employees to steal the American company’s digital mobile radio technology. In a partially redacted indictment unsealed in Chicago, the government said Shenzhen-based Hytera …
U.S. charges China’s Hytera with conspiring with ex-Motorola staff to steal technology Read More »
