TOKYO (Reuters) – Japan’s service activity maintained a brisk pace of growth in June as the relaxation of pandemic-related restrictions revived consumer demand, a private-sector survey showed on Wednesday. The final au Jibun Bank Japan Services purchasing managers’ index (PMI) fell to a seasonally adjusted 54.0 last month from a record-high 55.9 in May. That…
SAO PAULO (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Tuesday he wants the Mercosur trade bloc to advance in talks for deals with Canada, South Korea and Singapore, while aiming to increase commerce with other countries in Latin America and Asia. The leftist president’s remarks during a summit of Mercosur leaders in…
By Amy Lv and Brenda Goh BEIJING/SHANGHAI (Reuters) -Companies caught out by China’s decision to restrict exports of two metals widely used in semiconductors and electric vehicles were racing to secure supplies on Tuesday as some industry suppliers worried that curbs on rare earth exports could follow. Monday’s abrupt announcement of controls from Aug. 1…
TAIPEI (Reuters) – Leading Taiwan presidential candidate William Lai wrote in the Wall Street Journal on Wednesday that he could keep the peace with China if elected, reiterating his willingness for talks without preconditions and a pledge to boost defences. Lai, Taiwan’s vice president and the candidate for the ruling Democratic Progressive Party (DPP), has…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The most important Asian economic indicator from a pretty packed calendar on Wednesday, and biggest potential market-mover, will be China’s services purchasing managers index report for June, which comes amid the latest ratcheting up of…
SAO PAULO (Reuters) – Chinese automaker BYD on Tuesday said it will invest 3 billion reais ($620.17 million) in a new industrial complex in northeastern Brazil, as it aims to boost local production to offer more competitive prices. The complex, made up of three plants, will be built in the Camacari industrial park in the…
TOKYO (Reuters) -Japan is set to begin pumping out more than a million tonnes of treated water from the destroyed Fukushima Daiichi nuclear power plant this summer, a process that will take decades to complete. The water was distilled after being contaminated from contact with fuel rods at the reactor, destroyed in a 2011 earthquake….
By Krishn Kaushik and YP Rajesh NEW DELHI (Reuters) -Leaders of the Shanghai Cooperation Organisation (SCO) on Tuesday sought to forge closer ties and boost cooperation within the expanding Eurasian bloc but stressed the group is not directed against any other states. A joint declaration by the leaders at the end of an online summit…
By Echo Wang and Anirban Sen NEW YORK (Reuters) – China-founded online retailer Shein is working with at least three investment banks about a potential U.S. initial public offering, and has been in talks with the New York Stock Exchange and Nasdaq, people familiar with the matter said. Goldman Sachs, Morgan Stanley and JPMorgan Chase…
(Reuters) -The June 29 story on Shein has been withdrawn because it incorrectly stated that the China-founded online retailer had registered with U.S. regulators for an initial public offering. A new story will follow. STORY_NUMBER: L1N38L1WF STORY_DATE: 29/06/2023 STORY_TIME: 1830 GMT
