EASIA

Stocks in Asia surge, dollar eases on Powell’s “disinflationary” comment

SINGAPORE, Feb 2 (Reuters) – Asian shares soared on Thursday while the dollar eased after Federal Reserve Chair Jerome Powell said a “disinflationary” process was underway, boosting risk appetite as investors hope the climb in US interest rates will come to an end soon . MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was …

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Honda to start producing new hydrogen fuel cell system co-developed with GM

TOKYO, Feb 2 (Reuters) – Japan’s Honda Motor Co (7267.T) said it will start producing a new hydrogen fuel cell system jointly developed with General Motors Co (GM.N) this year and gradually step up sales this decade, in a bid to expand its hydrogen business. Honda will target annual sales of around 2,000 units of …

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Disillusioned at home, super-rich Chinese set their sights on Singapore

SINGAPORE, Jan 31, (Reuters) – Like many rich Chinese, graduate student Zayn Zhang thinks Singapore could be ideal to park his family’s wealth. He’s hoping that studying at a university in the Asian financial hub will lead to permanent residency and while the 26-year-old hits the books, his wife is out looking for a S$5-7 …

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Samsung to keep up chip investment, undeterred by 8-year-low profit

Chip profit lowest since Q1 2009 Analysts expect chip business to report Q1 loss Company flags organic chip production curb Says demand to recover starting H2 SEOUL, Jan 31 (Reuters) – South Korea’s Samsung Electronics Co Ltd (005930.KS) on Tuesday indicated it has no plan to cut investment in chips this year, even as a …

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China central bank to roll over lending tools to spur growth

BEIJING, Jan 29 (Reuters) – China’s central bank said on Sunday it will roll over three lending tools to increase support for targeted sectors of the economy. The People’s Bank of China will roll over a lending tool for supporting carbon emission reduction to the end of 2024, and extend a lending tool for promoting …

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