Reuters Asia Business

SHANGHAI (Reuters) -China stocks ended largely flat on Monday, as investors awaited a key Politburo meeting later this week in the hope of stimulus measures to underpin the world’s second-largest economy. Meanwhile, Hong Kong stocks tracked their regional peers higher. ** Asian shares bounced on Monday into a week packed with earnings and a trio …

China stocks end flat ahead of Politburo meeting; Hong Kong tracks regional peers higher Read More »

TOKYO (Reuters) -Shares in Mitsubishi Motors surged on Monday following media reports that the Japanese automaker is in talks to join Nissan’s and Honda’s planned strategic partnership. Nissan and Honda said in March they were looking at collaborating on electric vehicle components and artificial intelligence in automotive software platforms, though they are not planning a …

Mitsubishi Motors’ shares up on reports it will join Honda-Nissan partnership Read More »

By Maki Shiraki, Daniel Leussink TOKYO (Reuters) -Nissan cut planned production by a third at its top Japanese plant this month, a move that will also see it slash output of a flagship crossover model, two people said, as it struggles with weak U.S. demand for its ageing line-up.  The Japanese automaker on Thursday reported …

Nissan cuts output at top Japanese plant, sources say Read More »

By Joe Cash BEIJING (Reuters) – China’s factory activity likely shrank for a third month in July, a Reuters poll showed on Monday, keeping alive expectations officials will need to release further stimulus as a protracted property crisis and job insecurity drag on growth. The official purchasing managers’ index (PMI) was forecast at 49.3, down …

China’s manufacturing activity seen extending decline in July: Reuters poll Read More »

TAIPEI (Reuters) – Economic growth in trade-dependent Taiwan probably slowed in the second quarter in spite of robust exports driven by high demand for AI technology, a Reuters poll showed on Monday. Gross domestic product (GDP) in April-June was expected to have expanded 4.8% from a year earlier, down from 6.56% in the first quarter, …

Taiwan Q2 economic growth seen slowing, but supported by AI boom: Reuters poll Read More »

By Leika Kihara TOKYO (Reuters) – Japan will achieve a goal of running a primary budget surplus next year for the first time since it was introduced in 2002, a government estimate showed on Monday, as improvements in the economy and robust corporate profits boost tax revenues. The achievement will help Prime Minister Fumio Kishida’s …

Japan to achieve primary budget surplus next year, govt estimate shows Read More »

By Leika Kihara TOKYO (Reuters) – Japan’s government and central bank must guide policy by taking into careful consideration recent yen weakness that is hurting consumption, the government’s top economic council said on Monday. Achieving a recovery in consumption, which shrank for four straight quarters, is key to the government’s near-term economic policy, the council …

Japan’s top council urges govt, BOJ to guide policy with eye on weak yen Read More »

By Aditya Kalra NEW DELHI (Reuters) – SoftBank-backed Indian e-scooter maker Ola Electric’s IPO is set to draw investor bids from Fidelity, Nomura and Norway’s Norges Bank, as well as several Indian mutual funds, two sources with direct knowledge told Reuters. Ola Electric’s roughly $740 million IPO will open this week and will be the …

Fidelity, Nomura line up bids for Ola Electric’s India IPO, sources say Read More »

By Ariba Shahid KARACHI (Reuters) – Pakistan has initiated talks on reprofiling its power sector debt to China, alongside talks on structural reforms suggested by the International Monetary Fund, Pakistan’s finance minister told a press conference on Sunday. He said that Pakistan will address the reprofiling of Chinese credit to the power sector on a …

Pakistan initiated talks on reprofiling Chinese power sector debt in Pakistan Read More »