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June 13, 2021

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S.Korea considers vaccinating workers at major companies

Reuters
by Reuters00
South Korea is considering plans to vaccinate workers at key businesses including chip and electronics firms to minimise disruptions to production, the government said on Thursday, amid global efforts to boost supply of scarce computer chips. The labour ministry has sent letters to companies including Samsung Electronics Co Ltd (005930.KS),......
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Asian shares hold range as investors eye U.S. CPI

Reuters
by Reuters00
A man walks past a stock quotation board at a brokerage in Tokyo, Japan February 26, 2021. REUTERS/Kim Kyung-Hoon/File Photo Asian shares edged higher but held their recent trading range on Thursday as investors focussed on U.S. inflation data and the risk of an upside surprise that could prompt the......
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Battery maker Northvolt raises $2.75 bln to expand factory

Reuters
by Reuters00
Northvolt logo is pictured in the Northvolt office in Stockholm, Sweden June 14, 2018. REUTERS/Esha Vaish/File Photo Swedish lithium-ion battery maker Northvolt has raised $2.75 billion in equity to expand capacity at the factory it is developing in northern Sweden to 60 gigawatt hours (GWh) from 40GWh to meet increasing......
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Asia shares hesitate, China imports underpin resources

Reuters
by Reuters00
Asian shares turned sluggish on Monday as relief over a benign U.S. jobs report was chilled by caution ahead of key inflation data, while a coronavirus outbreak in Taiwan took an increasing toll on hard-pressed chip makers. Data out of Beijing showed China’s imports grew at their fastest pace in......
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Global equities nearly grasp all-time record, dollar drops after U.S. jobs data

Reuters
by Reuters00
Global stocks rallied on Friday and closed near all-time highs, and oil and gold rose while the dollar dropped after U.S. jobs data was strong but not as robust as expected, easing investor worries that the Federal Reserve would soon rein in monetary stimulus. U.S. employers increased hiring in May......
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Asia tracks Wall St lower as U.S. inflation bets perk up

Reuters
by Reuters00
Asian stocks followed Wall Street lower on Friday as signs of a strengthening U.S. recovery boosted bets for higher inflation and an earlier tapering of Federal Reserve stimulus. U.S. Treasury yields jumped, lifting the dollar and hurting tech shares, after better-than-expected employment data overnight raised expectations for a strong reading......
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Asia shares off 3-month highs, caution ahead of U.S. payrolls

Reuters
by Reuters00
Asian shares were a touch below a recent three-month top on Thursday with China a tad weaker as investors weighed inflation concerns ahead of key U.S. economic data while oil prices rose to near 1-1/2 year highs. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.3% to 711......
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S.Korea’s inflation hits 9-year high as commodity prices jump

Reuters
by Reuters00
A shopkeeper wearing a mask to prevent contracting the coronavirus waits for a customer at a traditional market in Seoul, South Korea, February 27, 2020. REUTERS/Heo Ran South Korea’s consumer inflation accelerated to a more than nine-year high in May, reinforcing calls for gradual monetary tightening, though the increase was......
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GLOBAL ECONOMY Factory activity racing but supply squeeze dims outlook

Reuters
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Factory activity powered ahead in Europe last month and stayed strong in Asia as demand grew, surveys showed, but rising raw material costs and supply bottlenecks posed a headache for business and weighed on the recovery in export-driven economies. European manufacturers ramped up activity at the fastest monthly pace in......
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S.Korea May exports at full throttle, set fastest pace in 32 years

Reuters
by Reuters00
A truck carrying a shipping container travels past cranes at Pyeongtaek port in Pyeongtaek, South Korea, July 9, 2020. REUTERS/Kim Hong-Ji South Korea exports logged their sharpest expansion in 32 years in May, marking another robust month of shipments fuelled by stronger consumer demand globally as many economies start to......
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Indian court orders COVID-related audit of Renault-Nissan plant

Reuters
by Reuters00
A security guard walks past ‘Micra’ cars lined at the newly-inaugurated Renault-Nissan Alliance auto plant in the southern Indian city of Chennai March 17, 2010. REUTERS/Babu An Indian court on Monday ordered officials to inspect coronavirus-related safety protocols at Renault-Nissan’s Tamil Nadu car plant, where workers are on strike over......
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N.Korea slams end to U.S. guidelines limiting S.Korea missile range

Reuters
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North Korea’s leader Kim Jong Un listens to U.S. President Donald Trump as they meet in a one-on-one bilateral session at the start of their summit at the Capella Hotel on the resort island of Sentosa, Singapore June 12, 2018. REUTERS/Jonathan Ernst North Korea’s state media on Monday criticised the......
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S.Korea says 1 mln doses of J&J COVID-19 vaccines to arrive this week from U.S.

Reuters
by Reuters00
A box of Johnson & Johnson’s coronavirus disease (COVID-19) vaccines is seen at the Forem vaccination centre in Pamplona, Spain, April 22, 2021. REUTERS/Vincent West/File Photo South Korea’s Prime Minister Kim Boo-kyum said on Sunday that 1 million doses of Johnson & Johnson’s (J&J) (JNJ.N) coronavirus vaccines will arrive this......
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With bells and flowers, Hungary marks anniversary of Danube boat disaster

Reuters
by Reuters00
With the tolling of a bell and a wreath lowered into the water, Hungary marked the second anniversary on Saturday of a Budapest boat accident which killed 27 people, mostly South Korean tourists, in the worst river accident on the Danube in decades. The 135-metre (443 ft) Swiss river cruiser......
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EXCLUSIVE Hyundai to slash combustion engine line-up, invest in EVs – sources

Reuters
by Reuters00
Hyundai Motor Group will slash the number of combustion engine models in its line-up to free up resources to invest in electric vehicles (EVs), two people close to the South Korean automaker told Reuters. The move will result in a 50% reduction in models powered by fossil fuels, one of......
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Lenovo’s Q4 profit growth of 512% beats estimates

Reuters
by Reuters00
The Lenovo logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/Illustration China’s Lenovo Group (0992.HK) on Thursday posted a better-than-expected rise of 512% in fourth-quarter profit, as more consumers working and studying from home powered demand for the world’s biggest maker of personal computers. Profit for the......
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Asia shares track Wall Street up as inflation fears fade

Reuters
by Reuters00
Asian shares advanced on Tuesday, tracking a rally on Wall Street, while the dollar held near a fourth-month low as inflation worries faded after Federal Reserve officials allayed fears about monetary policy tightening. In early European trade, pan-region Euro Stoxx 50 futures were up 0.27%, while German DAX futures and......
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U.S. says tires from Vietnam subsidized by undervalued currency

Reuters
by Reuters00
The U.S. Commerce Department said on Monday that car and light truck tires from Vietnam are being unfairly subsidized due to a currency undervaluation, the first finding of its kind by the agency. Tires from Vietnam are being subsidized at a rate ranging from 6.23% to 7.89% through the conversion......
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Biden, South Korea’s Moon express willingness to engage North diplomatically

Reuters
by Reuters00
U.S. President Joe Biden and South Korean President Moon Jae-in on Friday expressed a desire to engage North Korea in diplomacy in trying to reduce tensions over Pyongyang’s nuclear weapons and ballistic missile programs. “We both are deeply concerned about the situation,” Biden said at the start of a joint......
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Asia shares perk up as receding inflation fears lift Wall Street

Reuters
by Reuters00
Asian stocks rose on Friday, setting the region up for a weekly gain, as investors tempered fears about hot inflation and the prospects of an early tapering of stimulus by the Federal Reserve. Japan’s Nikkei (.N225) jumped 1%, while MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.6%.......
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