Reuters Asia Business

BEIJING (Reuters) – China’s central bank will seek to “enrich” its monetary policy toolbox and will gradually increase buying and selling of treasury bonds in its open market operations, its second-quarter monetary policy implementation report said on Friday. The People’s Bank of China (PBOC) will also seek to steadily lower companies’ financing and household credit …

China central bank says it will increase treasury bond trading Read More »

BEIJING (Reuters) – China’s Harvest Fund Management said on Friday that Chairman Zhao Xuejun had resigned and is cooperating with relevant authorities regarding an investigation pertaining to “personal problems”, without elaborating. Co-chairman An Guoyong will serve as acting chairman. The probe has nothing to do with the company’s fund business, Harvest Fund said in a …

China’s Harvest Fund chairman under investigation steps down Read More »

FRANKFURT (Reuters) – German utility EnBW is considering whether to use Chinese wind turbines for future projects, its chief financial officer said on Friday, saying the number of Western suppliers was fairly small and pointing to potential economic benefits. “It is indeed the case that we naturally only have a limited number of suppliers for …

EnBW may consider Chinese wind turbines for future projects Read More »

BENGALURU (Reuters) – Indian companies are slowly resuming normal operations in neighbouring Bangladesh following disruption linked to deadly anti-government protests that forced Prime Minister Sheikh Hasina to resign and flee to India. Here are some details of what Indian companies have said about their activities in Bangladesh, where many products made by India-based firms are …

Factbox-Indian firms resume Bangladesh operations after protest disruptions Read More »

BEIJING (Reuters) – China’s new yuan loans likely fell sharply in July from the previous month, a Reuters poll showed on Friday, dragged down by tepid credit demand and seasonal factors even as the central bank steps up policy support for the economy. Chinese banks are estimated to have issued 450 billion yuan ($62.80 billion) …

China’s July bank lending set to dip, keeps Beijing focused on policy support: Reuters poll Read More »

SHANGHAI (Reuters) -China’s securities regulator has ordered some brokerages to inspect their bond trading activities, three people with knowledge of the matter said, as authorities seek to rein in frenzied buying of Chinese government bonds. The brokerages, all of which are domestic, have been told to conduct compliance checks on all parts of their bond …

Exclusive-China tells some brokerages to conduct compliance checks on bond trading, sources say Read More »

By Byron Kaye and Rishav Chatterjee SYDNEY (Reuters) -Rupert Murdoch’s News Corp said it may sell Australian cable TV and streaming unit Foxtel after receiving an approach, a deal that would end its involvement in a high-overhead asset that has struggled to adapt to the Netflix era. News Corp said it was considering the deal …

News Corp considers selling Australia pay TV and streaming unit Read More »

By Isabelle Yr Carlsson and Tom Little COPENHAGEN (Reuters) – Danes in central Copenhagen on Thursday marked the return to supermarket shelves of fiery South Korean ramen noodles that had been banned for being too spicy, a decision that has since been partly reversed. Stores in Denmark in June removed three variants of South Korean …

Denmark welcomes return of banned South Korean noodles Read More »