In South Korea, Samsung Electronics Co.’s hit from US tariffs may be smaller than feared after Vietnam agreed on a 20% levy on exports to the US, down from the 46% rate announced in April, BI said. With most of its smartphones made in Vietnam and shipped to the US, the tariff impact on operating […]
The Ministry of Industry and Information Technology said in a statement that it would strengthen its guidance over the industry to help it solve urgent problems. Minister Li Lecheng met Thursday with leaders from 14 solar companies, and stressed that they need to better manage disorderly competition and speed up the elimination of outdated production […]
A major draw for global investors like Cerberus has been Indian companies’ balance sheets. On average the loan-to-value ratio among Indian private credit borrowers, which measures the size of a financing against its collateral, is about 40%, Ghosh said. “In the rest of Asia, and even in developed markets, the gauge would be over 60%,” […]
The panel will likely recommend the RBI ask the government to keep the target at 4%, with a tolerance band of 2%-6%, the people said, asking not to be identified because the discussions are private. The panel is also in favor of retaining the consumer price index as the target, they said, instead of using […]
Swathes of eastern China, home to major population centers including Shanghai, Nanjing, and Hangzhou, will see temperatures around 35C to 39C (95F to 102F), with some places touching 40C, according to a forecast from the China Meteorological Administration. The region may face a “long-lasting high temperature war,” the state weather bureau said last week.
The peso, which tumbled over 3% earlier this month before trimming losses, may end this quarter somewhere around its current level of 56.5 to the US dollar, according to strategists at Australia & New Zealand Banking Group Ltd., ING Financial Markets and Wells Fargo Securities.
“Middle Eastern borrowers, given the significant borrowing requirements, have been much more open to diversifying their lending relationships and willing to tap into the demand from Asia,” said Amit Lakhwani, global head of loan syndicate at Standard Chartered Plc. Asia also offers opportunities to borrow in new currencies or tenors versus what is available to […]
“Russia does have more vessels at its disposal compared to the summer/fall of 2024,” Malte Humpert, founder of the Arctic Institute, a Washington-based think-tank, said in an email. “If it can find buyers, this small fleet should be sufficient to lift cargoes.”
With Palantir’s software, the Nuclear Company is digitizing the paperwork required to build the last plants, “so that when supply chain delays are happening, our teams on the front lines are aware of it,” said Nuclear Company Chief Executive Officer Jonathan Webb. Webb and Gallagher plan to streamline construction at the startup, which hopes to […]
“In today’s data, the slowdown in rice price hikes and the drag from energy were pretty significant, and it really feels like policy factors pushed down the overall figure,” said Harumi Taguchi, principal economist at S&P Global Market Intelligence. “Going forward, since import prices have been coming down, the upward pressure isn’t as strong as […]