WASHINGTON (Reuters) – The Chinese government’s recent ban on U.S. chipmaker Micron Technology over security concerns is “not based in fact,” the White House said on Tuesday. The Biden administration is troubled by Beijing’s recent actions and by raids targeting American firms, White House press secretary Karine Jean-Pierre told reporters. The White House is communicating…
By Stephen Nellis and Karen Freifeld WASHINGTON (Reuters) -The U.S. Commerce Department should put trade curbs on Chinese memory chip maker Changxin Memory Technologies (CXMT) after Beijing earlier this week banned the sale of some chips by U.S.-based Micron Technology Inc, the chair of the U.S. House of Representatives’ committee on China said on Tuesday….
By Sam Nussey TOKYO (Reuters) – Sony Group Corp said on Wednesday that the success of hit drama “The Last Of Us” from television network HBO is boosting sales of the game series upon which it is based, in a stand-out case of the group repurposing its popular franchises. “We could see very, very clearly…
By Tetsushi Kajimoto TOKYO (Reuters) -Business sentiment at big Japanese manufacturers turned positive for the first time this year and service-sector morale hit a five-month high, the Reuters Tankan poll showed, as the economy continued to improve from a COVID-led recession. Wednesday’s monthly poll, which tracks the Bank of Japan’s closely watched quarterly tankan survey,…
By Kevin Buckland TOKYO (Reuters) – Japan’s Nikkei 225 share average will drop 4% from 33-year highs, returning to the psychologically key 30,000 level by year-end and trading around the same level in mid-2024, according to the median estimates of analysts polled by Reuters. Responses varied widely, however, revealing a deep split over the outlook…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. An expected interest rate hike in New Zealand will be the main regional focus for Asian and Pacific markets on Wednesday, as another day without agreement in Washington over the U.S. debt ceiling looks certain to sour global…
By Patricia Zengerle and Simon Lewis WASHINGTON (Reuters) -The leaders of the U.S. House of Representatives Foreign Affairs Committee on Tuesday privately viewed a classified cable related to the August 2021 U.S. withdrawal from Afghanistan, as the panel’s Republican chairperson and State Department grapple over providing access to the document. Representatives Michael McCaul, the panel’s…
By Chris Prentice and Alun John NEW YORK/LONDON (Reuters) -Global equities retreated and benchmark U.S. Treasury yields eased off two-month highs on Tuesday as talks over the U.S. debt ceiling continued without resolution. Hawkish comments from Federal Reserve officials about the possibility of further rate hikes sent the U.S. dollar to a two-month high. Oil…
By Echo Wang and Michael Martina NEW YORK (Reuters) -China’s new ambassador to Washington Xie Feng said on Tuesday that he will seek to enhance China-U.S. cooperation, but that relations face serious challenges. “I have come here to safeguard China’s interest. This is my sacred responsibility,” Xie told reporters after landing at New York City’s John…
By Karen Brettell and Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar hit a two-month high against a basket of currencies on Tuesday as a lack of progress in talks over increasing the U.S. debt limit hurt investors’ appetite for risk-taking. Representatives of President Joe Biden and congressional Republicans ended another round of…
