China state banks seen selling US dollars to prop up yuan -sources
SHANGHAI/BEIJING (Reuters) -China’s major state-owned banks were seen selling U.S. dollars to buy yuan in both onshore and offshore spot…
Vietnam aims to raise annual raw rare earths output to 2 million t/yr by 2030
By Khanh Vu HANOI (Reuters) – Vietnam aims to raise its rare earths production to 2.02 million tonnes of unprocessed…
Indonesia plans incentives for EV makers, sets up meeting with BYD, Tesla
JAKARTA (Reuters) – Indonesia is finalising a new set of incentives to attract investment from manufacturers of electric vehicles (EVs),…
Driven by AI boom, TSMC to invest $2.9 billion in advanced chip plant in Taiwan
By Sarah Wu and Yimou Lee TAIPEI (Reuters) -Driven by a surge in demand for artificial intelligence, Taiwanese chip maker…
Russia talks of retaliation after ‘Ukrainian drone strike’ near Moscow army HQ
By Andrew Osborn MOSCOW (Reuters) -Russia spoke of taking harsh retaliatory measures against Ukraine after two drones damaged buildings in…
Cadence lifts full-year forecast, shares dip on short-term outlook
By Stephen Nellis and Tanya Jain (Reuters) -Cadence Design Systems Inc on Monday raised its full-year revenue forecast to slightly…
Canada releases framework to phase out inefficient fossil fuel subsidies
By Nia Williams (Reuters) -Canada on Monday released a framework for eliminating inefficient fossil fuel subsidies, making it the first…
Former US prison employee to admit to accepting payments from Rajaratnam -source
By Nate Raymond BOSTON (Reuters) – A former employee of a federal prison in Massachusetts has agreed to plead guilty…
South Korea’s Q2 GDP speeds up but weakness clouds outlook
By Jihoon Lee SEOUL (Reuters) -South Korea’s economy sped up faster than expected in the second quarter, flattered by headline…
US FDIC presses banks to fix ‘inaccurate’ statements as new fee looms
By Pete Schroeder and Niket Nishant (Reuters) -The U.S. Federal Deposit Insurance Corporation (FDIC) on Monday told banks to fix…