By Junko Fujita and Tom Westbrook TOKYO (Reuters) – Investors have dialled down wagers on a policy shift at the Bank of Japan this week, which has opened a window of calm that ironically affords governor Kazuo Ueda a chance to move quickly. For months investors have been doubting policymakers’ assurances that the BOJ isn’t…
By Devjyot Ghoshal BANGKOK (Reuters) – Government and think-tank representatives from Myanmar and its neighbours, including India and China, held talks in New Delhi on Tuesday as part of a secretive effort to de-escalate a bloody crisis in the army-run Southeast Asian nation, two sources said. Myanmar was plunged into conflict and economic chaos in…
By Andrew MacAskill LONDON (Reuters) -British foreign minister James Cleverly urged China to be more open about what he called the biggest military build-up in peacetime history and said secrecy around its plans could lead to a “tragic miscalculation”. Relations between Britain and China are the worst in decades after London restricted Chinese investment over…
SHANGHAI (Reuters) – Chinese electric car maker BYD has set the starting price for its Seagull hatchback at 73,800 yuan ($10,658.89), about 6.3% lower than its initial advertised price, its website showed. The vehicle attracted significant attention at the Shanghai auto show at a price starting from 78,800 yuan – half the price of the…
SHANGHAI (Reuters) – The yuan became the most widely-used currency for cross-border transactions in China in March, overtaking the dollar for the first time, official data showed, reflecting efforts by Beijing to internationalise use of the yuan. Cross-border payments and receipts in yuan rose to a record $549.9 billion in March from $434.5 billion a…
By Karen Lema SAN ANTONIO, Philippines (Reuters) – U.S. and Philippine armed forces unleashed a volley of missiles on a mock enemy warship in the South China Sea on Wednesday, in a show of military power and a strengthening alliance at a time of rising regional tension. Philippine President Ferdinand Marcos Jr watched from a…
By Daniel Leussink TOKYO (Reuters) -Japan’s Honda Motor Co said on Wednesday it had struck a strategic collaboration agreement with Taiwan Semiconductor Manufacturing Co (TSMC) as part of efforts to secure a stable supply of semiconductors. Japanese automakers have struggled to completely shake off the hit from tight global chip and parts supply during the…
By David Brunnstrom WASHINGTON (Reuters) – At a summit with South Korean leader Yoon Suk Yeol on Wednesday, U.S. President Joe Biden will seek to reassure South Koreans that the U.S. nuclear umbrella is sufficient protection from North Korean attack. But with North Korean missiles now a direct threat to the United States, an old…
A look at the day ahead in U.S. and global markets from Mike Dolan Just as markets were getting all antsy again about regional U.S. banks, Big Tech mega caps seem to have calmed the investment world with cloud-covered earnings beats and giddy talk of the quantum leap in artificial intelligence. After Tuesday’s bank stress…
SHANGHAI (Reuters) – Leaders from a top U.S. business lobbying group said on Wednesday that Beijing’s probe against U.S.-based chipmaker Micron Technology Inc marked a “major concern” for other companies operating in the country. In the absence of data or “real evidence showing that Micron’s products provided or stood as an example of a particular…
