Reuters Asia Business

By Katya Golubkova TOKYO (Reuters) -Nippon Steel’s proposed acquisition of U.S. Steel risks raising decarbonisation costs for Japan’s top steelmaker, an activist shareholder group said, urging the company to address the takeover’s impact on its climate goals. Nippon Steel, the world’s fourth biggest steelmaker, last year announced a $15 billion takeover offer for U.S. Steel, …

Shareholders warn Nippon Steel faces higher decarbonisation costs with U.S. Steel takeover Read More »

BEIJING (Reuters) -The amount of detailed information regarding Chinese automakers’ supply chains the European Commission requested during an eight month-long anti-subsidy probe was unprecedented and undermined fair competition, China’s commerce ministry said on Thursday. The European Commission, which oversees trade policy for the 27-nation strong European Union, announced on June 12 that it would impose …

China says information requested by EU electric vehicle probe ‘unprecedented’ Read More »

By Leika Kihara TOKYO (Reuters) – Japanese financial institutions’ profitability has decreased significantly in the past 25 years, making them vulnerable to potential losses from any sharp rises in interest rates, the central bank said on Thursday. While many companies increased long-term, fixed-rate loans to take advantage of Japan’s ultra-low interest rates, some have suffered …

Bank of Japan warns of potential hit to lenders from rising rates Read More »

SHANGHAI (Reuters) – China should further relax data export rules, building on the recent easing of some curbs for global firms enacted by the city of Shanghai, senior executives from investment management firm Neuberger Berman and global bank Citi told a forum on Thursday. Foreign banks and asset managers have been lobbying the Chinese government …

China should further ease data export rules, Neuberger Berman, Citi say Read More »

By Corina Pons, Emma Pinedo and Charlie Devereux MADRID (Reuters) -China’s dumping probe into EU pork imports following duties slapped on Chinese EVs caught Spain’s pig farmers on the hop this week, but the sector has shown it is resilient and is far less vulnerable than the bloc’s car industry. Spain supplied 22% of China’s …

Analysis-China’s dumping probe to test resilience of Spain’s pig farmers Read More »

By Kevin Yao and Ellen Zhang BEIJING (Reuters) – Long-touted changes to China’s tax system will focus on allowing local governments to retain more fiscal revenues, say policy advisers, widely seen by markets as an important step towards removing an immediate threat to financial stability. Measures that redistribute income from central authorities to municipalities, curbing …

Analysis-China’s key plenum aims to fix decades-old tax revenue imbalance Read More »

By Joe Cash BEIJING (Reuters) – China may impose provisional anti-dumping measures on pork imports from the European Union as part of a year-long probe that started on June 17, its commerce ministry said on Thursday. China has opened an investigation into EU pork and its by-products, escalating tensions after the bloc imposed anti-subsidy duties …

China may take anti-dumping measures against EU pork imports, official says Read More »

By Takahiko Wada and Leika Kihara TOKYO (Reuters) -Japan Post Bank said on Thursday it will expand investment into long-term government bonds to take advantage of rising yields from the central bank’s expected tapering of its huge bond purchases. The investment appetite by Japan Post Bank, a former state-owned giant with total assets of $1.5 …

Japan Post Bank to buy more bonds in light of BOJ taper plan Read More »