Reuters Asia Business

HONG KONG (Reuters) – China International Capital Corp (CICC), the country’s third-largest investment bank by market value, has told analysts not to publish bearish views on China’s economy or its financial markets, according to an internal memo seen by Reuters. The memo, which was sent to the bank’s research department, also told them to refrain …

Analysts at China’s CICC told not to publish bearish views, wear luxury items -memo Read More »

By Clare Jim, Scott Murdoch and Xie Yu HONG KONG (Reuters) – China Evergrande Group, the world’s most indebted property developer, is seeking to avert a potentially imminent liquidation with a last-minute debt restructuring proposal, three people with direct knowledge of the matter said. The defaulted company has until a Hong Kong court hearing on …

Exclusive-China Evergrande seeks to avoid liquidation with last-ditch debt plan-sources Read More »

By Summer Zhen HONG KONG (Reuters) – Many of Asia’s hedge fund managers who pivoted from China’s languid markets to Japan’s soaring stocks in 2023 have struggled to make money, hamstrung by a lack of local insight and having no playbook to unlock the world’s third-largest economy. Fund managers reduced exposure to China and swerved …

Asian hedge funds find it harder to make money in Japan as they pivot from China Read More »

BEIJING (Reuters) – China said on Thursday it would review the need for anti-dumping and anti-subsidy tariffs on Australian wine imports, a highly anticipated move that is part of a push to improve the relationship between the two countries. The Commerce Ministry said in a statement that it had decided to conduct the review from …

China to review anti-subsidy tariffs on Australia wine imports Read More »

By Clare Jim and Scott Murdoch HONG KONG (Reuters) – China Evergrande Group, the world’s most indebted property developer, is seeking to avert a potentially imminent liquidation with a last-minute debt restructuring proposal, three people with direct knowledge of the matter said. The defaulted company faces a Monday deadline to present a “concrete” revised debt …

Explainer-Possible Evergrande liquidation order and what happens next Read More »

By Libby George and Bansari Mayur Kamdar LONDON (Reuters) – Public pension and sovereign wealth funds managing $4.3 trillion in assets are pessimistic about investing in China, but keen to cut net emissions of their portfolios, according to a survey by the Official Monetary and Financial Institutions Forum (OMFIF). The survey of 22 funds by …

Public investors with $4.3 trln are down on China but in on net zero Read More »

By Jeslyn Lerh SINGAPORE (Reuters) -Oil was little changed on Thursday as investors remained cautious ahead of expected production cuts by the OPEC+ group, and as weaker-than-expected Chinese factory data underscored slowing growth in the world’s second largest economy. Brent crude futures climbed 13 cents, or 0.2%, to $83.23 a barrel by 0740 GMT, while …

Oil steady; market eyes OPEC+ meet, weak demand indicators Read More »

By Rozanna Latiff and Yantoultra Ngui KUALA LUMPUR/SINGAPORE (Reuters) – Sime Darby, Malaysia’s industrial and automotive conglomerate, is looking to set up a luxury car retail business in India and expand in Indonesia to tap into the growth potential of both economies, its top executive told Reuters. “We cannot ignore India,” Group Chief Executive Officer …

Malaysia’s Sime Darby seeks to expand car retail business into India, Indonesia – CEO Read More »

By Scott Murdoch, Abigail Summerville and Rocky Swift SYDNEY (Reuters) -Japanese retail conglomerate Seven & i Holdings said on Thursday it has agreed to purchase the 7-Eleven convenience store chain in Australia for A$1.71 billion ($1.1 billion), further expanding its ownership of the brand. The Australian convenience and petrol retailer, owned by the Withers and …

Japan’s Seven & i expands 7-Eleven empire with purchase of Australian franchise Read More »

By Colleen Howe and Ella Cao YULIN, China (Reuters) – On a flat, dusty patch of land 13 kilometres (8.1 miles) west of Yulin in the heart of China’s coal country, construction workers braved sub-freezing temperatures at the site of a planned 700 megawatt (MW) power plant set to open in less than a year. …

Analysis-In China’s coal country, full steam ahead with new power plants despite climate pledges Read More »