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LG Energy Solution to invest $3.1 billion in S.Korea battery production
SEOUL (Reuters) - South Korean battery maker LG Energy Solution said in a statement on Monday it plans to invest 4 trillion won ($3.1 billion) between this year and 2026 to build and expand cylindrica...
Dec 18, 2022
Foxconn fine for unauthorised China investment likely to be imposed soon – source
TAIPEI (Reuters) - Foxconn, the world's largest contract electronics maker, is likely to be fined soon by Taiwan's government for an unauthorised investment in a Chinese chip maker, a person with dire...
Dec 18, 2022
Festivity on hold for stocks as rate hikes beckon
By Tom Westbrook SINGAPORE (Reuters) - Asia's stockmarkets made a wobbly start to the final full trading week of 2022, with the prospect of interest rates rising further next year taking the edge off ...
Dec 18, 2022
Taiwan probes TikTok for suspected illegal operations
TAIPEI (Reuters) - Taiwan's government has opened a probe into Chinese-owned social media platform TikTok on suspicion of illegally operating a subsidiary on the island, and warned that the social med...
Dec 18, 2022
Japan govt to consider revising joint statement with BOJ – sources
TOKYO (Reuters) - The Japanese government will consider revising next year a 2013 joint statement with the Bank of Japan (BOJ) that commits the central bank to meeting its 2% inflation target "at the ...
Dec 18, 2022
Yen rises on report of Japan govt move for more flexible inflation target
By Rae Wee SINGAPORE (Reuters) - The yen climbed on Monday on news that the Japanese government is set to revise a joint statement with the Bank of Japan (BOJ) over the latter's inflation target, pote...
Dec 18, 2022
Oil climbs on optimism over China’s demand recovery
By Florence Tan SINGAPORE (Reuters) - Oil prices reclaimed ground on Monday after tumbling more than $2 a barrel in the previous session as optimism from China's reopening and oil demand recovery outw...
Dec 18, 2022
Chinese business confidence lowest in almost a decade – survey
BEIJING (Reuters) - China's business confidence hit its lowest level since at least January 2013, a survey by World Economics showed on Monday, reflecting the impact of surging COVID-19 cases on econo...
Dec 18, 2022
Defense firm L3Harris to buy Aerojet for $4.7 billion with eye on missile demand
(Reuters) - U.S. defense contractor L3Harris Technologies Inc said on Sunday it would buy Aerojet Rocketdyne Holdings Inc for $4.7 billion in an all-cash transaction, as it looks to tap into rising de...
Dec 18, 2022
Renesas halts work at Beijing plant due to COVID spread
TOKYO (Reuters) - Japanese chip maker Renesas Electronics Corp suspended work at its Beijing plant from Friday for several days due to the spread of COVID-19 in the city and out of consideration for w...
Dec 18, 2022
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