By Julie Zhu, Kevin Huang and Jing Xu (Reuters) -Chinese authorities are set to allow Didi Global’s ride-hailing and other apps back on domestic app stores as soon as next week, five sources told Reuters, in yet another signal that their two-year regulatory crackdown on the technology sector is ending. Didi has been awaiting authorities’ …
SEOUL (Reuters) – South Korea’s police on Friday said a lack of preparations and an inadequate response were the main causes of the deadly Halloween crush in Seoul last year, wrapping up a monthslong investigation into the tragedy that killed 159 people. The annual festivities in the popular nightlife area of Itaewon turned deadly on …
South Korean police blame fatal Halloween crush on lack of preparation, poor response Read More »
SHANGHAI/BEIJING (Reuters) -Chinese automaker Seres Group has cut starting prices for its Aito electric cars by 30,000 yuan ($4,460) from Friday, following price cuts by Tesla last week and fuelling expectations of a wider price war. The Aito M5 and M7 electric sports-utility vehicles, which were co-developed by the Chongqing automaker with China’s tech giant …
Huawei-backed Aito cuts prices in China, following Tesla Read More »
By Dominique Patton (Reuters) -China’s soybean imports jumped 19% in December compared with a year ago, customs data showed on Friday, as buyers stocked up on beans to ease tight supplies in the world’s top oilseed importer. China imported 10.56 million tonnes of soybeans in December, the highest for a month since June 2021, after …
China’s December soybean imports jump, annual volumes fall for 2nd year Read More »
By Jihoon Lee SEOUL (Reuters) -South Korea will unveil a range of measures in the coming months to open its domestic financial markets, including plans to extend trading hours on the foreign exchange market, the country’s finance minister said on Thursday. As part of such efforts, the government will announce next month plans to extend …
South Korea seeks to improve foreign access to its markets Read More »
(Reuters) – China’s exports shrank sharply in December as global demand cooled, while imports also tumbled again as surging COVID infections and a property downturn weighed heavily on domestic demand, highlighting risks to the country’s economic recovery this year. Exports had been one of the few bright spots in the world’s second-largest economy during the …
China’s exports, imports fall sharply in December Read More »
BEIJING (Reuters) – China’s Commerce Minister Wang Wentao said China is willing to listen to the opinions of foreign companies including U.S. firms, a ministry statement said on Friday. In a video telephone call with U.S.-China Business Council president Craig Allen, Wang discussed bilateral trade and China’s opening up, saying the country was willing to …
China open to foreign firms’ opinions, commerce ministry says Read More »
By Choonsik Yoo and Jihoon Lee SEOUL (Reuters) -South Korea’s central bank raised its policy interest rate by 25 basis points on Friday, as expected, but bond yields plunged in response to comments suggesting its 1-1/2-year rate-hike campaign had ended. The benchmark 10-year treasury bond yield dived as much as 14.3 basis points to 3.270%, …
Bank of Korea raises interest rates, hints they will now be steady Read More »
BEIJING (Reuters) – China’s exports of rare earths in December rose 5.4% from a year earlier, data from the General Administration of Customs showed on Friday. Exports of the group of 17 minerals from the world’s largest producer were 4,307 tonnes, up from 4,087.60 tonnes in December 2021, the data showed. The month-on-month increase was …
China Dec rare earth exports at 4,307 tonnes -customs Read More »
By Sarah N. Lynch and Jeff Mason WASHINGTON (Reuters) -U.S. Attorney General Merrick Garland named a special counsel on Thursday to probe the improper storage of classified documents at President Joe Biden’s home and former office, an echo of a wider-ranging inquiry directed at former President Donald Trump. The inquiry is a distraction for the …
Special counsel appointed to probe Biden’s handling of classified documents Read More »
