By Leika Kihara NIIGATA, Japan (Reuters) – Calm has returned to the global financial system after the recent failure of several U.S. banks, but Group of Seven (G7) finance leaders will communicate closely to respond to any renewed instability, Bank of Japan (BOJ) Governor Kazuo Ueda said on Thursday. Ueda also said there was no…
By A. Ananthalakshmi and Rozanna Latiff KUALA LUMPUR (Reuters) – Stranded without work for months, hundreds of South Asian migrants in Malaysia say they are losing hope after failing to find jobs promised to them by recruitment agents in exchange for thousands of dollars in fees. At a students’ dormitory about 40 km (25 miles)…
By Sarah Wu TAIPEI (Reuters) – Taiwanese chipmaker TSMC said on Thursday that while war in Ukraine has impacted the company’s costs, customers need not worry about the impact being passed on in price hikes. “War happening in a far away place – the Ukraine war – has ripple effects that reach us,” said Taiwan…
BEIJING (Reuters) – China will resolutely object if the U.S. restricts its firms from investing in Chinese semiconductor industry, said Shu Jueting, a spokesperson at China’s commerce ministry on Thursday. Shu said at a news briefing that such U.S. behaviors will affect companies’ normal operation and damage the international economic and trade order. (Reporting by…
By Andrea Shalal NIIGATA, Japan (Reuters) – U.S. Treasury Secretary Janet Yellen highlighted the fight against climate change and other goals shared by the United States and Brazil, in a meeting with Brazilian Finance Minister Fernando Haddad in Japan on Thursday. Japan, chairing the Group of Seven advanced economies this year, invited Brazil to take…
TOKYO (Reuters) – Japanese automaker Subaru Corp laid out targets for selling and making battery electric vehicles (EVs) on Thursday, aiming for global sales of 200,000 units a year by around 2026 as it seeks to tap into the growing EV market. The company, known for its Outback crossover and heavy dependence on the North…
PARIS/BEIJING (Reuters) – French Foreign Minister Catherine Colonna and her Chinese counterpart Qin Gang agreed on the need to “develop an economic relationship that is both stronger and more balanced”, the foreign ministry in Paris said after they met on Wednesday. The meeting followed French President Emmanuel Macron’s visit to China in April and came…
(Reuters) – China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil, coal and some metals now settled in the Chinese currency instead of dollars, people familiar with the matter said. Chinese imports of major commodities from its northern neighbour totalled…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s Prime Minister Chris Hipkins will head to Papua New Guinea on May 21 to attend the United States-Pacific Summit, his office said in a statement on Thursday. U.S. President Joe Biden will meet leaders of 18 Pacific countries and territories including Hipkins, who have been invited to…
(Reuters) – Share prices of COSCO SHIPPING Ports Ltd rose to as much as a three-month high on Thursday, after the German government cleared it to buy part of a Hamburg port-based container terminal, amid a political row over Chinese investment. The Hong Kong-listed subsidiary of China’s state-owned conglomerate China COSCO SHIPPING Corporation Limited rose…
