(Reuters) -China is pushing for Visa and Mastercard to lower their bank card transaction fees in the country to encourage spending by foreign visitors, Bloomberg News reported on Friday, citing a pers[...]
Read more
June 21, 2024
Nissan halts production at Changzhou plant as China woes persist
By Daniel Leussink and Kantaro Komiya TOKYO (Reuters) – Nissan Motor has halted production at its Changzhou plant in China as it seeks to optimise its operations, the Japanese automaker said on[...]
Read more
ABN Amro nears deal to buy HSBC’s German private bank, Boersenzeitung says
FRANKFURT (Reuters) -Dutch bank ABN Amro is seeking to further expand in Germany as it is nearing a deal to acquire HSBC’s wealth management unit in the country, newspaper Boersenzeitung reporte[...]
Read more
Huawei says it has made huge strides, from operating systems to AI
By David Kirton SHENZHEN, China (Reuters) -China’s Huawei Technologies said on Friday it had made breakthroughs in fields from operating systems to artificial intelligence, and that it had taken[...]
Read more
Bidders line up for HSBC’s German fund administration and custody units, sources say
By Amy-Jo Crowley and Emma-Victoria Farr FRANKFURT/LONDON (Reuters) – State Street, BNP Paribas and Caceis are lining up as potential bidders for the sale of HSBC Germany’s fund administra[...]
Read more
Chinese automakers retain grip over Southeast Asia’s booming electric car market
By Devjyot Ghoshal BANGKOK (Reuters) – Electric vehicle sales are surging in Southeast Asia, led by China’s BYD and Vietnam’s VinFast, eating into the internal combustion engine car[...]
Read more
BOJ deputy governor Uchida signals readiness to raise rates further
By Leika Kihara TOKYO (Reuters) -Bank of Japan Deputy Governor Shinichi Uchida said on Friday the central bank will “adjust the degree of monetary support” if the economy and prices move i[...]
Read more
Aircraft lessor DAE sees China’s COMAC breaking Airbus, Boeing duopoly
By Aditi Shah and Tim Hepher DUBAI (Reuters) – Chinese state-owned planemaker COMAC has the opportunity to break Airbus and Boeing’s duopoly of the passenger jet market over the next decad[...]
Read more
BlackRock will not take part in Malaysia Airports privatisation, GIP says
KUALA LUMPUR (Reuters) – Global Infrastructure Partners (GIP) said its buyer BlackRock will not be involved in privatising Malaysia Airports after criticism in Muslim-majority Malaysia over the[...]
Read more