DOHA (Reuters) – The International Monetary Fund’s managing director said on Wednesday she does not expect there to be a rapid shift in reserves of the US dollar. Asked about de-dollarisation of the world, Kristalina Georgieva said: “We don’t expect a rapid shift in reserves because the reason the dollar is a reserve currency is…
SHANGHAI (Reuters) – A U.S. lawmaker’s demand for trade curbs on a Chinese memory chipmaker in response to China calling products from Micron Technology a national security risk is the latest escalation of tension between the big powers. The United States and China have been tussling over a range of issues, from Taiwan to technology,…
WARSAW (Reuters) – Polish Defence Minister Mariusz Blaszczak said on Wednesday that Poland plans to launch a submarine purchase programme in 2023. Poland has increased military spending since Russia’s invasion of neighbouring Ukraine in February last year, with the government pledging to double the size of the army and spend 4% of GDP on defence…
BEIJING (Reuters) – The Asia-Pacific region does not welcome NATO’s plan to open a liaison office in Japan, Chinese foreign ministry spokesperson Mao Ning said at a press briefing on Wednesday, after Japan acknowledged NATO’s plan. “We want to say that the Asia-Pacific does not welcome group confrontation, does not welcome military confrontation,” Mao said….
By Kirsty Needham SYDNEY (Reuters) -Australian Prime Minister Anthony Albanese met Narendra Modi, his Indian counterpart, in Sydney on Wednesday to discuss regional security and economic ties and signed a migration deal to boost Indian student and business travel to Australia. The two leaders also discussed the impact of Russia’s conflict with Ukraine on developing…
TAIPEI (Reuters) -Taiwan will weigh both inflation and economic growth when deciding on its next interest rate decision in June but the island’s economy may not rebound until the fourth quarter, central bank governor Yang Chin-long said on Wednesday. While Taiwan has followed major economies in raising interest rates to control inflation, it has done…
By Sam Nussey TOKYO (Reuters) – Sony Group Corp said on Wednesday that its status as an independent provider of content to streaming services is paying off at a time when platform operators are coming under pressure to demonstrate profitability. “Our decision years ago to stay out of the crowded general streaming space and instead…
By Soo-hyang Choi SEOUL (Reuters) – South Korea has asked Washington to review its criteria for new semiconductor subsidies, concerned over the impact of rules to limit chip investment in countries such as China, a U.S. public filing showed. In March, the U.S. commerce department proposed rules to prevent China and other countries it deems…
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – Japan’s government is expected to fund part of its spending for childcare measures by issuing additional bonds over a period of roughly two years, the Yomiuri newspaper reported, raising concerns about an already high public debt burden. The plan will be included in the government’s long-term…
HONG KONG (Reuters) – Macau, the world’s biggest gambling hub, needs to diversify its economy and make greater efforts to safeguard national security, the Macau government quoted a top Chinese official as saying. The directives were part of six requirements laid out by Xia Baolong, the director of China’s Hong Kong and Macau Affairs Office,…
