Yuan to surge as yen carry trade goes awry
TOKYO – Chinese regulators are worried about the impact of a stronger yuan on exporters. Those fears might be validated soon as the so-called “yen carry trade” goes awry across global currency markets.
Asian news from city Beijing
Japan group sends memory sticks of abduction film to North Korea: ‘better to try’
An organisation that supports the families of Japanese kidnapped by North Korea has started to send memory sticks containing a film about the abductions and details of around 470 missing individuals into the North attached to balloons or in bottles.
South China Sea: Filipinos ‘blocked’ from Scarborough Shoal amid concerns over fishing rights
Filipinos are increasingly being blocked from their traditional fishing grounds at Scarborough Shoal by Beijing’s enforcement of its territorial claims in the South China Sea, with new restrictions and aggressive patrolling creating a potential flashpoint over fishing rights and national sovereignty.
SK Group backs US$140 million fund to bring South Korean chip firms to China
SL Capital, a private equity firm formed by SK and Beijing-based Legend Capital, signed an agreement with authorities in the eastern Chinese city of Wuxi on Tuesday to jointly set up a 1 billion yuan (US$140 million) fund, according to a statement from the local government.
Macao leader says he will not seek another term due to health reasons, 2 months before the election
HONG KONG (AP) — Macao leader Ho Iat Seng announced Wednesday he would not seek another term due to health reasons, less than two months before the election for the top official of the casino city.
Former US Ambassador to the UN Nikki Haley calls for more international support for Taiwan
TAIPEI, Taiwan (AP) — The former U.S. ambassador to the United Nations, Nikki Haley, on Wednesday called for more international backing for Taiwan and a coordinated pushback against China’s claims over the self-ruled democracy.
Macao leader Ho Iat Seng says he will not seek second term
HONG KONG (AP) -- Macao leader Ho Iat Seng announced Wednesday he would not seek another term due to health reasons, less than two months before the election for the top official of the casino city.
Japan drugmaker Astellas says employee indicted by China prosecutors
TOKYO (Reuters) -- Chinese authorities have indicted a Japanese employee of Astellas Pharma detained since March 2023 on suspicion of espionage, the Japanese pharmaceutical company said on Wednesday.