Reuters Asia Business

(Reuters) – U.S. auto safety regulator has opened a preliminary evaluation into 77,131 Nissan vehicles over reports of an issue with the steering tie rod, it said on Wednesday. The National Highway Traffic Safety Administration said the probe would involve Nissan’s 2021 Rogue crossover models, adding that it launched the investigation after reports of inner …

US auto regulator opens probe into more than 77,000 Nissan SUVs Read More »

By Sam Jahan and Tanvi Mehta DHAKA (Reuters) -Garment factories in Bangladesh, forecast to account for 90% of the country’s exports, reopened on Wednesday hoping to swiftly resume full operations after production was disrupted by violent protests that ousted Prime Minister Sheikh Hasina this week. Hasina resigned and fled the country on Monday after around …

Bangladesh garment factories reopen after Sheikh Hasina’s flight Read More »

By Roushni Nair and Yantoultra Ngui (Reuters) -DBS Group said on Wednesday Tan Su Shan, its head of institutional banking, will succeed Piyush Gupta as CEO when he retires in March, making her the first woman to lead Singapore’s and Southeast Asia’s biggest bank. CEO Gupta retires on 28 March 2025, when the bank hosts …

DBS picks insider Tan Su Shan as first female CEO to lead Southeast Asia’s biggest bank Read More »

By Vidya Ranganathan SINGAPORE (Reuters) – Global stock and bond markets, in particular Japan’s, are being rocked by an unwinding of the hugely popular yen carry trade. That trade, which involves borrowing yen at a low cost to invest in other currencies and assets offering higher yields, is being wrecked by Japan’s rate increases, a …

Explainer-What is the yen carry trade? Read More »

(Corrects month in gold reserves to at the end July, not at the end of May) BEIJING (Reuters) – China’s gold holdings stood at 72.8 million fine troy ounces at the end of July, unchanged from the end of June and for a third consecutive month, central bank data showed on Wednesday. The value of …

China’s central bank suspends gold purchases for a third month Read More »

By Gaurav Dogra (Reuters) – Foreign investment in Asian equities slowed in July amid increased market volatility and heavy selling in technology stocks, compounded by weak economic data and disappointing corporate earnings that dampened risk sentiment. Fears of a second Trump presidency also sparked concerns that his administration might impose new tariffs on exports from …

Foreign inflows into Asian equities slow sharply in July, hit by tech slump Read More »

TOKYO (Reuters) -Japan’s Honda Motor reported a 23% increase in first-quarter profit on Wednesday as the automaker benefited from a weaker yen, higher pricing and growing hybrid vehicle sales in the U.S. and its home market. Japan’s second-biggest carmaker said quarterly operating profit totalled 484.7 billion yen ($3.3 billion) in the April-June period, compared with …

Honda Q1 profit jumps 23%, helped by hybrid vehicle sales Read More »