By Brigid Riley TOKYO (Reuters) – The Bank of Japan (BOJ) is expected to unveil details of a quantitative tightening (QT) plan at its monetary policy meeting next week, aimed at reducing its holdings of government bonds. Given the size of its balance sheet and large presence in the market, it’s a massive undertaking with …
Explainer-What the BOJ’s reduced bond buying will mean for markets Read More »
TOKYO (Reuters) -Japan’s Toyota Motor plans to build a battery plant for electric vehicles in the southwestern prefecture of Fukuoka and supply its batteries to a factory that makes luxury Lexus brand cars, the Nikkei business daily reported on Friday. The world’s top-selling automaker would seek to make the island of Kyushu where Fukuoka is …
Toyota to build EV battery plant for Lexus cars, Nikkei reports Read More »
KUALA LUMPUR (Reuters) – Malaysia’s state energy firm Petroliam Nasional Berhad (Petronas), Italy’s Enilive SpA, and Japanese company Euglena Co have reached a final investment decision to develop a biorefinery in Malaysia, the companies said on Friday. A joint venture will be formed and construction is expected to start in the fourth quarter of this …
Petronas, Enilive and Euglena to develop biorefinery in Malaysia’s Pengerang Read More »
By Ellen Zhang and Kevin Yao BEIJING (Reuters) – China’s use of ultra-long treasury bonds to fund a consumer goods trade-in programme deviates from the usual playbook of boosting investment to support the economy and is fuelling expectations for more stimulus that targets household demand. The state planning agency said on Thursday that about 150 …
Fridges not bridges: China veers off beaten path with consumer stimulus Read More »
By Fransiska Nangoy JAKARTA (Reuters) – Chinese companies are in talks with potential investors to reduce their stakes in Indonesian nickel smelters amid efforts to make their products eligible for U.S. electric vehicle tax credits, an Indonesian official said on Friday. Under the U.S. Inflation Reduction Act, to be eligible for an electric vehicle (EV) …
Chinese firms seek to cut stakes in new Indonesian nickel smelters Read More »
By Neil Jerome Morales and Adrian Portugal MANILA (Reuters) – Heavy rain from Typhoon Gaemi has flooded the Philippine capital Manila and nearby cities, forcing authorities to shut schools, offices and cancel flights on Wednesday and declare a state of calamity in a region that is home to 13 million people. The storm, which is …
Floods, flights cancelled as Typhoon Gaemi dumps heavy rain on Manila Read More »
(Reuters) – Asahi Group plans to sell its struggling restaurant business, Nadaman, to a Japanese peer as the country’s biggest brewer looks to exit the segment to focus on alcoholic and other beverages, Nikkei reported on Friday. The brewing giant is looking to sell the business for an undisclosed sum, the report said, adding that …
Brewing giant Asahi set to sell restaurant business, Nikkei reports Read More »
By Asif Shahzad ISLAMABAD (Reuters) -Pakistan’s Finance Minister Muhammad Aurangzeb arrived in Beijing on Thursday for talks on power sector debt relief alongside structural reforms suggested by the International Monetary Fund, two government sources said. He held a meeting with his Chinese counterpart in Beijing, they said, and is leading a delegation, along with Power …
Pakistan’s finance minister in Beijing to seek debt relief, say sources Read More »
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – The increased use of digital assets in cross-border settlements between Russia and China is easing bilateral payment issues, digital platform Qifa told Reuters, as some settlements directly through banks are taking months to clear due to sanctions. Qifa, founded in 2013 and Chinese owned, initially focused …
Russia, China turn to digital payments as sanctions hamper bilateral trade settlements Read More »
By Yantoultra Ngui and Roushni Nair SINGAPORE (Reuters) -Singapore’s Cyan Renewables, which operates vessels for offshore wind farms, said on Thursday it has bought MMA Offshore for A$1.1 billion ($726 million) in the largest takeover deal in this renewables segment in the Asia Pacific region so far this year. MMA shareholders will receive A$2.70 per …
Cyan Renewables buys Australian vessel operator MMA Offshore for A$1.1 billion Read More »
