Global investment banks rush to cut yuan forecasts
SHANGHAI (Reuters) – Global investment houses have rushed to downgrade forecasts for the Chinese yuan after it weakened past the…
Asia
Analysis-Diverging rates outlook has China’s yuan eying 2022 lows
By Winni Zhou, Tom Westbrook and Brenda Goh SHANGHAI/SINGAPORE (Reuters) – Bond markets are putting Chinese and global rates on…
Toyota wins over shareholders at AGM after questions on strategy, governance
TOKYO (Reuters) – Toyota shareholders backed the board and voted down the first resolution proposed in 18 years at an…
Thai central bank to hike more as rate not neutral yet, says core inflation high
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s central bank expects further gradual policy tightening as the benchmark…
Australia’s central bank owes underpaid workers over $770,000
SYDNEY (Reuters) – Australia’s central bank will pay out just over A$1 million in back pay after an internal review…
China industry minister, Siemens CEO discuss digital manufacturing, development
BEIJING (Reuters) – China’s industry minister met Siemens’ chief executive on Wednesday and discussed intelligent manufacturing, digital economy development and…
Tech investor Prosus flags sharp drop in full-year profit
AMSTERDAM (Reuters) – Technology investor Prosus on Wednesday said its profit dropped significantly last year due to impairments and lower…
Indian wholesale prices fall 3.48% in May
By Shivangi Acharya and Nikunj Ohri NEW DELHI (Reuters) -India’s annual wholesale prices fell for the second consecutive month in…
Explainer – Why are other automakers chasing Tesla’s ‘Gigacasting’?
(Reuters) – Toyota Motor said this week it will adopt a technology Tesla pioneered known as “Gigacasting” as part of…
Exclusive-Russia’s Sberbank to issue yuan bonds in 2023 if opportunity arises
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Russia’s dominant lender Sberbank will issue bonds in Chinese yuan this…