TAIPEI (Reuters) – Semiconductor-powerhouse Taiwan will on Thursday hold high-level trade talks with the European Union, a source familiar with the matter told Reuters, amid a concerted push by the bloc to boost its chip industry. In February, the EU unveiled a European Chips Act, with the bloc mentioning Taiwan, home to the world’s largest…
By Praveen Menon and Clara Denina SYDNEY/LONDON (Reuters) – Glencore is likely to reject a $3.60 a share offer by coal producer Yancoal Australia Ltd’s Chinese parent to buy its minority stake in the miner as too low, two sources with knowledge of the matter said. Yankuang Energy Group made an offer last week to…
By Harish Sridharan (Reuters) – Bearish bets on Asian currencies reduced on signs that China’s economic pain may abate with easing of COVID-19 curbs, but analysts were still wary of future lockdowns and the direction of U.S. monetary policy, a Reuters poll showed on Thursday. Short positions on South Korea’s won and the Taiwanese dollar…
By Arsh Tushar Mogre and Prerana Bhat BENGALURU (Reuters) – The Reserve Bank of India will concentrate interest rate hikes over the coming months in a relatively short tightening cycle, according to a Reuters poll of economists who expect the repo rate to reach its terminal level early next year. Following a surprise rate rise…
By Engen Tham and Winni Zhou SHANGHAI (Reuters) – Banks in China are urging regulators to relax rigid documentation rules as companies there have not been able to fulfill them due to COVID-19 lockdowns, forcing the lenders to halt services such as loan disbursements, sources said. In China, contracts and transactions are legally recognised only…
(Reuters) – Australian bourse operator ASX Ltd on Thursday appointed internal candidate Helen Lofthouse as its first female chief executive officer, replacing Dominic Stevens. Lofthouse, who will be starting her new role from Aug. 1 is entitled to an annual fixed remuneration of A$2 million ($1.44 million), the same as Stevens’ yearly pay as seen…
