Reuters Asia Business

By Elena Fabrichnaya MOSCOW (Reuters) – Digital platform Qifa has expanded into facilitating two-way trade between Russia and China as it seeks to solve payment issues currently stunting the flow of goods and services. Moscow and Beijing have resorted to complex steps to try to avoid payment delays, including a workaround using small, regional Chinese …

Digital platform Qifa bets on increase in Russia-China trade and payments Read More »

BANGKOK (Reuters) – Thailand’s cabinet on Tuesday approved a 100 billion-baht ($2.8 billion) soft loan scheme where funds would be lent to commercial banks so they could on-lend to borrowers at below-market rates, a deputy finance minister said. The programme is aimed at helping smaller businesses obtain loans, Paopoom Rojanasakul told reporters after a cabinet …

Thailand approves $2.8 billion soft loan scheme for commercial banks Read More »

By Yantoultra Ngui SINGAPORE (Reuters) – A unit of state-owned brokerage China Galaxy Securities (CGS) plans to expand its investment banking team in Southeast Asia to 50 people next year from 30 now, a senior executive said, betting on a rise in dealmaking in the region amid a sluggish market at home. CGS International Securities …

Chinese state-owned brokerage to ramp up investment banking business in Southeast Asia Read More »

By Gursimran Mehar and Linda Pasquini (Reuters) -German fashion house Hugo Boss cuts its sales and earnings forecasts for the year, citing weakening global consumer demand, especially in China and the UK, sending its shares down as much as 10%. It now expects full-year sales to fall between 4.20 billion euros ($4.58 billion) and 4.35 …

Hugo Boss cuts full-year forecast on sagging China, UK demand Read More »

BEIJING (Reuters) -China plans to cut carbon emissions in its coal power industry by piloting the firing of power plants using coal mixed with either green ammonia or biomass, as well as by carbon capture, utilisation and storage. Carbon-intensive coal power continues to be the primary source of energy in the world’s top energy consumer, …

China plans low-carbon upgrades for coal power sector Read More »

By Rozanna Latiff KUALA LUMPUR (Reuters) – The global aircraft repair industry will see more growth in the next six years as airlines keep flying their jets longer because of a shortage of new planes, said Mahesh Kumar, the CEO of Malaysia-based aviation services firm Asia Digital Engineering (ADE). New deliveries have dropped sharply in …

Malaysia’s ADE sees boom in aircraft repairs amid new plane shortages Read More »

By Laura Matthews, Carolina Mandl and Rae Wee NEW YORK/SINGAPORE (Reuters) -For global investors with money in China’s stock markets, the latest economic numbers are not of any comfort and just a reminder that the recovery they are betting on will take a while to happen. Monday’s second-quarter growth figures in China pointed not only …

For global investors, China is a slow-burning trade Read More »