Reuters Asia Business

By Gaurav Dogra (Reuters) – Foreign investors channelled massive money into Asian equities in June, after two months of selling, as easing U.S. price pressures raised hopes that the Federal Reserve would cut interest rates this year. Market optimism was further fuelled by a surge in global AI-linked firms, enhancing demand for tech and semiconductor …

Asian stocks draw robust foreign inflows on US rate outlook, tech rally Read More »

SHANGHAI (Reuters) – Tesla’s best-selling Model Y was included in a list of electric and plug-in hybrid models that a local government in China can purchase as a service car, according to the official Chinese media outlet the Paper on Thursday. It was the first time Tesla’s cars have been made eligible for government purchases …

Tesla cars for first time on Chinese government purchase list Read More »

TOKYO (Reuters) -Japanese financial groups including Tokio Marine, Sompo and two MS&AD units will sell Honda Motor shares worth 535 billion yen ($3.3 billion) to unwind cross-shareholdings, a regulatory filing showed on Thursday. Mitsubishi UFJ and Mizuho, Japan’s first- and third-largest financial groups, also plan to participate in the sale, a sign that the unwinding …

Japanese insurers, banks to sell Honda shares worth $3.3 billion, filing shows Read More »

By Scott Murdoch and Anton Bridge SYDNEY/TOKYO (Reuters) – Japanese asset managers are increasingly supporting the targeting of poorly performing firms by activist fund Oasis Management, its founder said, paving the way for more campaigns to improve corporate governance and deliver higher shareholder returns. Hong Kong-based Oasis, which does not publicly declare its assets under …

Japan asset managers back corporate governance push, Oasis founder says Read More »

By Yantoultra Ngui and Selena Li SINGAPORE/HONG KONG (Reuters) – China International Capital Corp (CICC) plans to expand its presence in Southeast Asia by opening offices in countries including Indonesia and Malaysia, said its investment banking head, as a slump in deals at home hurts its prospects. Founded in 1995, the Beijing-based investment bank currently …

China’s CICC eyes Southeast Asia expansion in bid to ease domestic woes Read More »

SINGAPORE (Reuters) – The Civil Aviation Authority of China (CAAC) launched the country’s first technical centre for sustainable aviation fuel (SAF) that focuses on standard setting and product research, a report published in the aviation regulator’s news channel showed late on Tuesday. The new centre, based in the southwestern city of Chengdu, will take the …

China regulator launches country’s first ‘green’ jet aviation fuel centre Read More »

By Pushkala Aripaka and Uditha Jayasinghe (Reuters) – Sri Lanka has secured a deal to move forward on restructuring about $12.5 billion of international bonds, the government said on Wednesday, a major step in the island nation’s fragile recovery from a severe financial crisis. The South Asian country defaulted for the first time on its …

Sri Lanka reaches provisional deal on $12.5 billion bond rework Read More »

BERLIN (Reuters) – Weak European demand for auto parts will weigh on Continental’s second-quarter results, with strong demand growth in China and cost controls expected to take effect in the second half of the year, the company said on Wednesday. In its final communication ahead of publishing quarterly results on Aug. 7, the German maker …

Weak European auto parts demand hampers Continental’s second quarter Read More »