SEOUL (Reuters) – South Korean singer Moonbin, a member of K-pop boy band Astro, has died at the age of 25, his music label Fantagio said on Thursday. “Members of Astro and fellow artists and staff at Fantagio are deeply saddened and shocked as we mourn him,” the label said in a statement. Mooonbin was…
By Kevin Yao BEIJING (Reuters) -A recovery in Chinese consumer demand needs time to pick up due to the “scarring effect” of COVID-19, but there is no basis for any long-term deflation, an official from the People’s Bank of China (PBOC) said on Thursday. While the world’s second-largest economy reported better-than-expected growth in the first…
By YP Rajesh NEW DELHI (Reuters) – India is poised to overtake China as the world’s most populous nation, with almost 3 million more people than its neighbour by the middle of this year, data released on Wednesday by the United Nations showed. India’s population by mid-year is estimated at 1.4286 billion, against 1.4257 billion…
By Yukiko Toyoda TOKYO (Reuters) -Japan will keep calling for China to act responsibly on the world stage, Prime Minister Fumio Kishida said on Thursday, a sign of Tokyo’s deepening concern about stability in the Taiwan Strait following Beijing’s recent military drills. The comments from Kishida, after China conducted drills in the waters off Taiwan…
By Karen Freifeld Reuters) -Seagate Technology Holdings PLC has agreed to pay a $300 million penalty in a settlement with U.S. authorities for shipping over $1.1 billion worth of hard disk drives to China’s Huawei in violation of U.S. export control laws, the Department of Commerce said on Wednesday. Seagate sold the drives to Huawei…
By David Kirton SHENZHEN, China (Reuters) – China’s Huawei Technologies said on Thursday it is replacing internal software management systems it once sourced from U.S. vendors with its own in-house version, hailing it as a victory over U.S. curbs that once threatened its survival. Huawei held an internal ceremony to celebrate the switch to its…
A look at the day ahead in U.S. and global markets from Mike Dolan Throwing another curve ball into an already confusing inflation picture, crude oil prices have retreated sharply again this week and take some of the edge off renewed anxiety in interest rate markets. Both Brent crude and West Texas Intermediate crude futures…
BANGKOK (Reuters) – Chinese auto maker Changan Auto will invest $285 million in a facility in Thailand to produce 100,000 electric vehicles (EVs) annually, Thailand’s Board of Investment said on Thursday. The company aims to sell the EVs in Thailand, Southeast Asia, Australia, and South Africa, said the board’s secretary-general, Narit Therdsteerasukdi. Thailand is Asia’s…
By Ankur Banerjee SINGAPORE (Reuters) -Corporate governance in Japan has suddenly become a cause celebre, rousing the world’s third-largest stock market out of decades of lethargy and drawing in hordes of foreign investors. Japan’s stock market has long been seen by investors as a ‘value trap’ where companies focus on market share, hoard cash and…
By A. Ananthalakshmi and Rozanna Latiff KUALA LUMPUR (Reuters) – Malaysia has launched an investigation to uncover how hundreds of migrant workers arrived from South Asia without jobs, despite having paid steep fees to get employment, officials and rights groups said. The issue revives concerns over labour abuses in Malaysia, a key manufacturing hub at…
