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☆ BOJ policymaker sees shift in Japan's deflationary mindset
▼ + stars: | 2023-09-06 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

Policymaker Takata stressed the need to maintain ultra-loose monetary policy for the time being, as slowing global growth was heightening uncertainty on whether the Bank of Japan's (BOJ) 2% inflation target was sustainably achievable. In an earlier speech, he said he believe Japan's economy was "finally seeing early signs" of achieving the 2% target. Two other BOJ board members earlier gave diverging views on how soon the central bank should consider scaling back its radical stimulus. Japan's core inflation hit 3.1% in July, exceeding the BOJ's 2% target for the 16th straight month. BOJ officials have said the central bank must keep interest rates ultra-low until robust domestic demand and sustained wage growth replace rising import costs as key drivers of inflation.

Persons: Androniki, Takata, Hajime Takata, Policymaker Takata, Haruhiko Kuroda, Leika Kihara, Tetsushi Kajimoto, Takahiko Wada, Tom Hogue, Lincoln, John Stonestreet Organizations: REUTERS, Bank of Japan's, CHINA IMPACT, Thomson Locations: Japan, Tokyo, TOKYO, China, CHINA

☆ BOJ policymaker sees signs of change in Japan's deflationary mindset
▼ + stars: | 2023-09-06 | by ( Leika Kihara | ) www.reuters.com time to read: +2 min

An office employee walks in front of the bank of Japan building in Tokyo, Japan, April 7, 2023. Takata stressed the need to maintain ultra-loose monetary policy for the time being, as slowing global growth heightens uncertainty on whether Japan can sustainably achieve the Bank of Japan's (BOJ) 2% inflation target. "Personally, I believe Japan's economy is finally seeing early signs of achieving the BOJ's 2% inflation target," Takata said in a speech. The remarks follow those of two other BOJ board members, who gave diverging views on how soon the central bank should consider scaling back its radical stimulus. BOJ officials have said the central bank must keep interest rates ultra-low until robust domestic demand and sustained wage growth replace rising import costs as key drivers of inflation.

Persons: Androniki, Takata, Hajime Takata, Haruhiko Kuroda, Leika Kihara, Tom Hogue Organizations: REUTERS, of Japan's, Thomson Locations: Japan, Tokyo, TOKYO, Lincoln

☆ Tsinghua Unigroup's chief said company will expand internationally, targeting SE Asia
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: 1 min

A researcher plants a semiconductor on an interface board during a research work to design and develop a semiconductor product at Tsinghua Unigroup research centre in Beijing, China, February 29, 2016. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsBEIJING, Sept 6 (Reuters) - Chinese state-owned semiconductor company Tsinghua Unigroup plans to accelerate its international expansion, with Southeast Asia one of the most important regions, Chairman Li Bin said Wednesday at the AIPF event in Jakarta during the ASEAN summit. Tsinghua Unigroup operates three factories in Indonesia, Malaysia and Singapore, Li said, and aims to further expand its manufacturing and R&D capabilities in the region. Reporting by Yelin Mo and Brenda Goh; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Kim Kyung, Li Bin, Li, Yelin Mo, Brenda Goh, Tom Hogue Organizations: Tsinghua, REUTERS, Rights, Southeast, ASEAN, Tsinghua Unigroup, Thomson Locations: Beijing, China, Rights BEIJING, Southeast Asia, Jakarta, Indonesia, Malaysia, Singapore

☆ China's Li promotes greater cooperation with Indonesia
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +1 min

China's Premier Li Qiang (L) is greeted by Indonesia’s President Joko Widodo upon his arrival at the 43rd Association of Southeast Asian Nations (ASEAN) Summit in Jakarta, Indonesia, 06 September 2023. Indonesia will host the 43rd ASEAN Summit and related summits on 05 to 07 September 2023. MAST IRHAM/Pool via REUTERS Acquire Licensing RightsBEIJING, Sept 6 (Reuters) - China wants to work with Indonesia to expand cooperation in various areas including green energy, the digital economy, biomedicine, and artificial intelligence, China's foreign ministry reported on Wednesday, citing Premier Li Qiang. Li, in Indonesia for a regional summit, told a late Tuesday dinner with business leaders that they should be confident in cooperation, after weak economic data indicating a slowdown in China had raised doubts in other markets about China's rise. China hoped that Indonesia would maintain its open market open and provide a fair and just business environment for Chinese enterprises, Li said.

Persons: Li Qiang, Joko Widodo, Li, Liz Lee, Ella Cao, Tom Hogue, Robert Birsel Organizations: 43rd Association of Southeast Asian Nations, ASEAN, ASEAN Summit, REUTERS Acquire, Rights, Beijing, Thomson Locations: Jakarta, Indonesia, Rights BEIJING, China

☆ Japan Launches Rocket Carrying Moon Lander SLIM After Three Delays
▼ + stars: | 2023-09-06 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

By Kantaro KomiyaTOKYO (Reuters) -Japan launched the H-IIA rocket carrying the national space agency's moon lander on Thursday morning, after unfavourable weather led to three postponements in a week last month. Japan Aerospace Exploration Agency (JAXA) said the rocket took off from Tanegashima Space Center in southern Japan as planned. The rocket is carrying JAXA's Smart Lander for Investigating Moon (SLIM) spacecraft, dubbed the "moon sniper" for its experimental precision landing technology. SLIM's lunar landing is scheduled for early next year. Political Cartoons on World Leaders View All 226 ImagesTwo earlier attempts by Japan to land on the moon failed in the past year.

Persons: JAXA's Smart Lander, Kantaro Komiya, Tom Hogue, Gerry Doyle Organizations: Japan Aerospace Exploration Agency, JAXA, Tanegashima Space, Mitsubishi Heavy Industries, NASA Locations: TOKYO, Japan, India

☆ Japan launches rocket carrying moon lander SLIM after three delays
▼ + stars: | 2023-09-06 | by ( Kantaro Komiya | Thomson Reuters | Kantaro Writes About Everything Japan'S Economic Indicators To North Korea'S Missiles To Global Regulation On Ai Companies. His Previous Stories Have Been Published In The Associated Press | ) www.reuters.com time to read: +1 min

H-IIA launch vehicle number 47 is seen on the launching pad at Tanegashima Space Center on the southwestern island of Tanegashima, Japan in this photo taken by Kyodo on August 28, 2023. Mandatory credit Kyodo/via REUTERS/File photo Acquire Licensing RightsTOKYO, Sept 7 (Reuters) - Japan launched the H-IIA rocket carrying the national space agency's moon lander on Thursday morning, after unfavourable weather led to three postponements in a week last month. Japan Aerospace Exploration Agency (JAXA) said the rocket took off from Tanegashima Space Center in southern Japan as planned. The rocket is carrying JAXA's Smart Lander for Investigating Moon (SLIM) spacecraft, dubbed the "moon sniper" for its experimental precision landing technology. SLIM's lunar landing is scheduled for early next year.

Persons: JAXA's Smart Lander, Kantaro Komiya, Tom Hogue, Gerry Doyle Organizations: Kyodo, Rights, Japan Aerospace Exploration Agency, JAXA, Tanegashima Space, Mitsubishi Heavy Industries, NASA, Thomson Locations: Tanegashima, Japan, India

☆ Thousands without power after Typhoon Haikui batters Taiwan
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +2 min

[1/2] A collapsed canopy is seen at a parking lot as Typhoon Haikui approaches, in Hualien, Taiwan September 3, 2023, in this screengrab taken from a video provided by CTI. Haikui made landfall in the mountainous and sparsely populated far southeast of Taiwan on Sunday afternoon, the first typhoon to directly hit Taiwan in four years. Counties and cities across southern, eastern and central Taiwan cancelled classes and declared a day off for workers on Monday. Haikui is much weaker than Typhoon Saola, which hit Hong Kong and the southern Chinese province of Guangdong on Saturday. As of Monday morning, Haikui had started to enter the Taiwan Strait and head towards China, Taiwan's Central Weather Bureau said.

Persons: Haikui, Taipower, chipmaker, Saola, Ben Blanchard, Yimou Lee, Liz Lee, Tom Hogue Organizations: CTI, REUTERS Acquire, Rights, Sunday, Taiwan Semiconductor Manufacturing, Civil Aeronautics Administration, Weather Bureau, Thomson Locations: Hualien, Taiwan, Rights TAIPEI, State, Taitung, Counties, Taipei, Hong Kong, Chinese, Guangdong, Taiwan Strait, China, Fujian, Beijing

☆ APPEC-Trafigura exec says $72-$88 is fair price for oil, eyes Russia cuts
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +1 min

"The markets are probably a bit too relaxed," Ben Luckock, co-head of oil trading at Trafigura, told the APPEC conference in Singapore. "I suspect there's a little bit more to come," he said, referring to interest rate increases from the U.S. Federal Reserve to fight inflation. Luckock added that Russia has a different set of challenges "evacuating their crude products out of the country", which could prolong tighter supplies. "I guess the issue a little bit with the Russians has always been the credibility of the cuts," he said. Reporting by Florence Tan, Jeslyn Lerh and Trixie Yap; Editing by Jamie Freed and Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence Tan, Ben Luckock, Brent, Luckock, it's, Jeslyn Lerh, Trixie Yap, Jamie Freed, Tom Hogue Organizations: REUTERS, Rights, U.S . Federal Reserve, OPEC, Organization of Petroleum, Thomson Locations: Singapore, Rights SINGAPORE, Asia, U.S, Russia

☆ Japan finance minister offers no clues on intervention as yen weakens
▼ + stars: | 2023-09-01 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +2 min

Banknotes of Japanese yen are seen in this illustration picture taken June 15, 2022. Some market players were surprised by the lack of determination to keep the yen from falling beyond 145 yen to the dollar. Traders are watching for any signs of intervention by Japanese officials to shore up the ailing currency. However, Japanese officials have rarely escalated verbal warnings since last month against speculators trying to sell off the yen. The weak yen has driven up import bills for fuel and foods, depriving households of purchasing power and prompting Prime Minister Fumio Kishida to scramble for measures to subsidise gasoline retail prices and to mitigate rises in utility bills.

Persons: Florence Lo, Shunichi Suzuki, Suzuki, Japan's, Daisaku Ueno, Fumio Kishida, Tetsushi Kajimoto, Tom Hogue, Kim Coghill Organizations: REUTERS, Rights, Japanese Finance, Mitsubishi UFJ Securities, Authorities, U.S . Federal Reserve, Bank of Japan, Thomson Locations: Japan

☆ Japan capex growth weakens with companies wary about China slowdown
▼ + stars: | 2023-09-01 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +2 min

Capital expenditures climbed 4.5% from a year earlier and fell 1.2% on a seasonally adjusted quarterly basis, finance ministry data showed. If that spreads to bigger cities, that will cool demand for China-bound shipments and capex," said Takeshi Minami, chief economist at Norinchukin Research Institute. If Europe and America, which have held firm so far, cave to inflation pressure, that would further sap Japanese corporate appetite for investment." The capex data will be used to calculate revised gross domestic product figures due on Sept. 8. Corporate recurring profits surged 11.6% during the second quarter from the same period a year ago to hit a record 31.6 trillion yen, while corporate revenues rose 5.8%.

Persons: Takeshi Minami, Minami, Tetsushi Kajimoto, Tom Hogue, Edwina Gibbs Organizations: Norinchukin Research, Thomson Locations: TOKYO, China, Japan, U.S, Europe, America

☆ China's Baichuan, Zhipu AI launch AI models after receiving approval
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: 1 min

AI (Artificial Intelligence) letters and robot hand miniature in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSHANGHAI, Aug 31 (Reuters) - Chinese artificial intelligence (AI) firms Baichuan Intelligent Technology and Zhipu AI on Thursday opened their AI large language models to the public after receiving approval from Chinese authorities. The companies made the launch announcements in separate WeChat statements. It comes after Baidu said it had received a regulatory nod to launch its artificial intelligence Ernie Bot to the general public starting from Aug. 31. Reporting by Brenda Goh; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Baidu, Ernie Bot, Brenda Goh, Tom Hogue Organizations: REUTERS, Rights, Intelligent Technology, Thomson

☆ Japan has no plans to boost funds to ease reputation damage from Fukushima water release
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: 1 min

A view of the Fukushima Daiichi nuclear power plant after it started releasing treated radioactive water into the Pacific Ocean, seen from the nearby Ukedo fishing port in Namie town, Fukushima Prefecture, Japan, Aug. 25, 2023. REUTERS/Tom Bateman/File Photo Acquire Licensing RightsTOKYO, Aug 30 (Reuters) - Japan's industry minister said on Wednesday the government had no plan to substantially boost funds aimed at helping the fishing industry hit by reputation damage from the release of treated water from the crippled Fukushima nuclear power plant. The government currently has two such funds worth 80 billion yen ($547 million). ($1 = 146.1700 yen)Reporting by Kiyoshi Takenaka; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Tom Bateman, Kiyoshi Takenaka, Tom Hogue Organizations: REUTERS, Rights, Thomson Locations: Fukushima, Fukushima Prefecture, Japan

China, Brazil's largest trading partner, funneled $1.3 billion in direct investments into the country last year, the lowest level since 2009, according to a CEBC study. The performance contrasts with overall foreign direct investment (FDI) in Brazil in 2022, which skyrocketed by 95% to $90.6 billion, highest in a decade. Last year, just 28% of announced Chinese projects worth $4.7 billion went ahead, the CEBC said. That compares poorly with 2021, when pledged investments of $5.9 billion were fully realized, bolstered by two oil projects worth nearly $5 billion. Chinese mining firm Honbridge (8137.HK), for example, announced investments worth $2.1 billion that failed to proceed due to a pending environmental license.

Persons: Cariello, Hua Sheng, Getulio Vargas, Luiz Inacio Lula da Silva, Bernardo Caram, Tom Hogue Organizations: Brazil tanked, China Business Council, HK, U.S ., Sao Paulo Business Administration School, Getulio Vargas Foundation, Thomson Locations: BRASILIA, Brazil, China, Ukraine, U.S, Asia, Beijing

☆ Oil slips as demand worries outweigh supply concerns
▼ + stars: | 2023-08-29 | by ( Emily Chow | ) www.reuters.com time to read: +2 min

Mandatory credit Kyodo/via REUTERS Acquire Licensing RightsSINGAPORE, Aug 29 (Reuters) - Oil prices slipped on Tuesday as worries that further possible U.S. interest rate hikes could pull down demand outweighed concerns that a tropical storm off the U.S. Gulf Coast may impact supply. Investors await key U.S. economic data later this week that will help determine the path of interest rates this year and next. FEDWATCH"It may be difficult for oil prices to maintain the strong bull trend (seen) in July at this stage. The U.S. and European economies will face downward pressure in the fourth quarter until interest rates peak," said CMC Markets analyst Leon Li. "So there might be a concern about demand, which puts pressure on oil prices.

Persons: Brent, Jerome Powell, Leon Li, Idalia, Emily Chow, Arathy, Tom Hogue Organizations: Kyodo, REUTERS Acquire, Rights, U.S, West Texas, Federal, National Australia Bank, Thomson Locations: Idemitsu, Ichihara, Tokyo, Japan, U.S, Gulf, Beijing, WTI, Cuba, Florida, Singapore, Houston, Lincoln

☆ Oil trades flat as supply concerns offset worries over demand
▼ + stars: | 2023-08-29 | by ( Emily Chow | ) www.reuters.com time to read: +2 min

Mandatory credit Kyodo/via REUTERS Acquire Licensing RightsSINGAPORE, Aug 29 (Reuters) - Oil prices traded flat on Tuesday as worries that further possible U.S. interest rate hikes could pull down demand were countered by concerns a tropical storm off the U.S. Gulf Coast may impact supply. Investors await key U.S. economic data later this week that will help determine the path of interest rates this year and next. FEDWATCH"It may be difficult for oil prices to maintain the strong bull trend (seen) in July at this stage. The U.S. and European economies will face downward pressure in the fourth quarter until interest rates peak," said CMC Markets analyst Leon Li. "So there might be a concern about demand, which puts pressure on oil prices.

[1/2] Mukesh Ambani (R), Chairman and Managing Director of Reliance Industries, poses with (from 2nd R to L) wife Nita Ambani, children Isha Ambani, Anant Ambani, and Akash Ambani before addressing the company's annual general meeting in Mumbai, India July 21, 2017. With Mukesh Ambani in his late 60s, "the time is probably right ... "This is also an attempt by Mukesh Ambani to ensure the next generation of Ambani siblings stay close to one another and do not have any discord." He is already the chairman of Reliance Jio Infocomm Limited, the telecom arm of Reliance. Akash's twin sister Isha is driving the expansion of Reliance Retail into new categories and geographies, and is already a director on the boards of the retail unit, Reliance Retail Ventures, which houses the conglomerate's bets in India's brick-and-mortar and e-commerce industries.

Persons: Mukesh Ambani, Nita Ambani, Isha Ambani, Anant Ambani, Akash Ambani, Shailesh Andrade, Isha, Akash, Ambani, Anant, Arun Dasmahapatra, Dhirubhai Ambani, Mukesh, Anil, Nita, Munsif Vengattil, Aditya Kalra, Tom Hogue, Mark Potter Organizations: Reliance Industries, REUTERS, India's Reliance Industries Ltd, Monday, Reliance, Brown University, Meta, Infocomm, Reliance Retail, Reliance Retail Ventures, Qatar Investment Authority, Investors, giga, Thomson Locations: Mumbai, India, BENGALURU, Jio, Bengaluru

Chevron's Gorgon and Wheatstone projects account for more than 5% of global LNG capacity, and news of the possible strikes sent European natural gas prices surging. "It's set to cost Chevron their LNG exports as (the industrial action) starts to bite," said the alliance that groups together the Maritime Union of Australia and the Australian Workers' Union. The unions last week warned that work stoppages could cost Chevron billions of dollars. "Ten hour work stoppages: it is a harsher initial industrial action than what the unions contemplated for Woodside," he said. Last week, Offshore Alliance and Woodside (WDS.AX) resolved worker disputes at North West Shelf, Australia's largest LNG facility, after negotiating higher wages, job security and employee-friendly rosters, averting industrial action.

Persons: Gaby Oraa, Wheatstone, Saul Kavonic, Renju Jose, Lewis Jackson, Florence Tan, Alasdair Pal, Chris Reese, Shri Navaratnam, Tom Hogue Organizations: Chevron, U.S, REUTERS, SYDNEY, Workers, Reuters, Offshore Alliance, Maritime Union of Australia, Australian Workers ' Union, Shell, Energy, Woodside, North West Shelf, Thomson Locations: Venezuela, Caracas, SINGAPORE, Australia, Woodside, WDS.AX, Asia, Chevron, Sydney, Singapore

☆ South Korea to toughen punishments for technology leaks in chips, displays
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +2 min

South Korea has been cracking down on technology leaks in recent months, as the country seeks to maintain its dwindling lead in memory chips and displays against competitors. South Korea's Sentencing Commission, overseen by the Supreme Court of Korea, decided this month to toughen punishments and lengthen jail times for leaking South Korean technology, the industry ministry said in a statement on Monday. The industry ministry did not say which country it is targeting, but analysts said China is the suspected destination of the bulk of South Korean technology leaks. This led to acquittal in 30% and suspended sentences in 54% of such cases before South Korean courts, it said. South Korean police said in June they had arrested 77 people in 35 cases of suspected industrial espionage in a nationwide investigation over the past four months.

Persons: Kacper, Joyce Lee, Tom Hogue Organizations: REUTERS, Rights, Samsung, South, Thomson Locations: Rights SEOUL, South Korea, Korea, China, South Korean, Korean

☆ Taiwan reports renewed Chinese military activity, planes in 'response' zone
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsTAIPEI, Aug 25 (Reuters) - Taiwan's defence ministry reported renewed Chinese military activity around the island on Friday, including 13 aircraft entering Taiwan's "response" zone and five ships carrying out combat readiness patrols. Taiwan does not publicise where its "response" zone is, but it keeps closest watch on the Taiwan Strait, and the area to the island's south and southwest where Chinese military activity often is concentrated. The ministry, in a separate statement on Friday morning, said that during the previous 24 hours it had spotted two Chinese drones near northern Taiwan. Both crossed the strait's median line, it said, which had until last year served as an unofficial barrier between the two sides but which Chinese aircraft now routinely cross. Taiwan has not reported any Chinese military aircraft in its territorial air space, though has said planes have come close to island's contiguous zone, which is 24 nautical miles (44 km) off its coast.

Persons: Dado Ruvic, William Lai, Ben Blanchard, Tom Hogue, Gerry Doyle Organizations: REUTERS, Rights, Thomson Locations: Rights TAIPEI, China, Taiwan, Beijing, United States, Taiwan Strait

☆ Moon rover exits India's Chandrayaan-3 spacecraft to explore lunar surface
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

People watch a live stream of Chandrayaan-3 spacecraft's landing on the moon, inside an auditorium of Gujarat Science City in Ahmedabad, India, August 23, 2023. REUTERS/Amit Dave Acquire Licensing RightsNEW DELHI, Aug 24 (Reuters) - The moon rover of India's Chandrayaan-3 exited the spacecraft on Thursday morning to begin its exploration of the lunar surface, the country's space agency said on messaging platform X, formerly known as Twitter. the Indian Space Research Organisation (ISRO) said in its message. People across the country tuned in to watch the landing on Wednesday, with nearly 7 million people viewing the YouTube live stream alone. Chandrayaan-3 is expected to remain functional for two weeks, running a experiments including, a spectrometer analysis of the lunar surface's mineral composition.

Persons: Amit Dave, Russia's Luna, Sakshi Dayal, Tom Hogue, Christopher Cushing, Gerry Doyle Organizations: REUTERS, DELHI, Twitter, Rover, Indian Space Research Organisation, Thomson Locations: Gujarat Science City, Ahmedabad, India, Lander, Chandrayaan

☆ Malaysia's Permodalan Nasional weighs $2.15 bln automakers merger in EV push - sources
▼ + stars: | 2023-08-24 | by ( Yantoultra Ngui | Thomson Reuters | Yantoultra Ngui Is A Southeast Asia Deals Correspondent With Reuters In Singapore | ) www.reuters.com time to read: +2 min

PNB holds 60.6% of industrial group UMW Holdings (UMWS.KL), which in turn owns 38% of Perodua, the country's biggest automaker by market share. PNB, Sime Darby, UMW and Perodua declined to comment. Elsewhere in Southeast Asia, Vietnam has EV maker VinFast , while Indonesia has nickel producers including Merdeka Battery (MBMA.JK) and Trimegah Bangun (NCKL.JK) supplying the key battery metal in the global EV supply chain. Sime Darby Motor has been pushing for the adoption of EVs in Malaysia. Perodua is also eyeing breaking into the EV market and embarked last year on a study to build its first hybrid vehicle.

Persons: Otomobil, Sime Darby, PNB, Trimegah, Yantoultra Ngui, Tom Hogue, Sonali Paul Organizations: Malaysia EV, EV, Sime Darby, Permodalan, Darby Motors, State, Sime, Sime Darby Motors, UMW Holdings, country's, Daihatsu, MBM Resources, Mitsui & Co, VinFast, Merdeka, Sime Darby Motor, Thomson Locations: Malaysia, Malaysia SINGAPORE, Permodalan Nasional, Malaysian, Southeast Asia, Perodua's, Perodua, UMW, Vietnam, Indonesia, The Selangor, Peninsular Malaysia

WASHINGTON, Aug 23 (Reuters) - The United States does not encourage or enable attacks inside Russia, a U.S. State Department spokesperson said after Russian authorities said they downed drones that tried to attack Moscow early on Wednesday. Drone strikes deep inside Russia have increased since two unmanned aircraft were destroyed over the Kremlin in early May. The United States, which has supplied Ukraine with massive assistance in the form of weapons and other military equipment to combat the Russian invasion, has consistently said it does not support attacks inside Russia. One drone hit a building under construction in central Moscow early on Wednesday, Moscow Mayor Sergei Sobyanin said on his channel on Telegram, a messaging app. Moscow airports suspended flights early on Wednesday, Russia's TASS news agency reported.

Persons: Sergei Sobyanin, Kanishka Singh, Tom Hogue, Stephen Coates Organizations: U.S . State Department, State Department, Kremlin, Moscow, Russia's TASS, Defence Ministry, Thomson Locations: United States, Russia, U.S, Moscow, Ukraine, Russian, Bryansk, Washington

☆ India's July Russian oil imports dip; Saudi import down to 2-1/2-yr low -trade
▼ + stars: | 2023-08-22 | by ( Nidhi Verma | ) www.reuters.com time to read: +2 min

Both China and India, the world's biggest and third-biggest oil importers, cut imports from Russia and Saudi Arabia in July after prices rose and as the two oil producers reduced output and crude oil shipments. Russian oil imports declined 5.7% to 1.85 million bpd and Saudi shipments fell by 26% to 470,000 bpd, the data showed. India's import of Russian oil may now decline further in August and September, however, as refiners plan maintenance at their plants and as Russian crude prices are above the $60-a-barrel ceiling imposed by the European Union and G7 economies after spot discounts shrank, sources said. Russia was still the top oil supplier to India in July, though, followed by Iraq and Saudi Arabia. India's oil importsIndia's oil imports from various regions(This story has been corrected to say April-July, not April-June, in paragraph 11)Reporting by Nidhi Verma; Editing by Florence Tan and Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Nidhi Verma, Florence Tan, Tom Hogue Organizations: REUTERS, DELHI, Organization of, Petroleum, European Union, United Arab, Thomson Locations: Russia, Saudi Arabia, China, India, OPEC, Moscow, Ukraine, Iraq, United Arab Emirates, Nigeria

☆ Goldman Sachs weighs selling part of wealth business in broad strategy revamp
▼ + stars: | 2023-08-21 | by ( Saeed Azhar | ) www.reuters.com time to read: +3 min

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. The purchase was aimed at broadening Goldman's client list beyond the ultra-rich, but the unit has remained a small part of the bank's wealth business. High net worth individuals - who would fall within the business Goldman is considering selling - typically have about $1 million to $10 million to invest. Goldman's wealth business has lagged behind rivals, including Morgan Stanley (MS.N), where CEO James Gorman built the wealth management arm through a series of acquisitions that generate steady income from fees. The bank plans to grow its core wealth business serving ultra-high-net-worth clients, reiterating aspirations from its investor day in late February.

Persons: Goldman Sachs, Andrew Kelly, David Solomon, Goldman, Stephen Biggar, They've, Biggar, RIA, Morgan Stanley, James Gorman, Solomon, Marcus, Saeed Azhar, Lananh Nguyen, Tom Hogue, Sharon Singleton, Jonathan Oatis, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Argus Research, RIA, United Capital Financial Partners, Thomson Locations: New York City , New York, U.S, Ayco

☆ Goldman Sachs weighs sale of part of its wealth business
▼ + stars: | 2023-08-21 | by ( Saeed Azhar | ) www.reuters.com time to read: +3 min

The purchase aimed to broaden Goldman's client list beyond the ultra-rich, but the unit has remained a small part of the bank's wealth business. The potential divestments come after CEO David Solomon reorganized the firm into three units last year and scaled back ambitions for its loss-making consumer business. Goldman's wealth business has lagged rivals, including Morgan Stanley (MS.N), where CEO James Gorman built the wealth management arm through a series of acquisitions that generate steady income from fees. The bank plans to grow its core wealth business serving ultra-high net worth clients, reiterating aspirations from its investor day in late February. Other core wealth businesses include workplace financial planning through Ayco, and Marcus savings, Goldman said.

Persons: Goldman Sachs, Andrew Kelly, Goldman, RIABiz, David Solomon, Stephen Biggar, They've, Biggar, Morgan Stanley, James Gorman, Solomon, Marcus, Saeed Azhar, Lananh Nguyen, Tom Hogue, Sharon Singleton Organizations: New York Stock Exchange, REUTERS, GreenSky, RIA, United Capital Financial Partners, Argus Research, Thomson Locations: New York City , New York, U.S, Ayco

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