Reuters Asia Business

By Ayushman Ojha and Yantoultra Ngui (Reuters) -A consortium of U.S. investment firm KKR and Singapore Telecommunications will invest S$1.75 billion ($1.3 billion) in ST Telemedia Global Data Centres, one of Asia’s biggest data centre providers, the parties said on Tuesday. Reuters reported in late May that the KKR-SingTel consortium had emerged as the frontrunner …

KKR-SingTel consortium to invest $1.3 billion in ST Telemedia Global Data Centres Read More »

By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said the central bank could raise interest rates next month depending on economic data available at the time, underscoring its resolve to steadily push up borrowing costs from current near-zero levels. While rising import costs from a weak yen may weigh on household spending, …

BOJ chief Ueda signals chance of July rate hike Read More »

By Leika Kihara TOKYO (Reuters) – The price Japanese companies charge each other for services with high labour costs rose 2.8% in April from a year earlier, the fastest increase in nearly four years, central bank data showed on Tuesday. The data highlights how prospects of steady wage increases are prompting more companies to charge …

BOJ index shows more Japan firms passing on wage costs in services prices Read More »

By Mei Mei Chu BEIJING (Reuters) -China has opened an anti-dumping investigation into imported pork and its by-products from the European Union, a step that appears mainly aimed at Spain, the Netherlands and Denmark, in response to curbs on its electric vehicle exports. Below are details on the probe into EU pork imports and other …

Factbox-China’s potential probes on EU products following EV tariffs Read More »

TOKYO (Reuters) – Japan’s top oil refiner, Eneos Holdings, and trading house Mitsubishi Corp said on Tuesday they will explore expanding their alliance to include hydrogen and decarbonised fuels, in addition to sustainable aviation fuel (SAF). The move comes as part of a broader effort by Japanese energy companies to develop global supply chains of …

Japan’s Eneos, Mitsubishi to expand alliance into hydrogen, decarbonised fuels Read More »

By Kirsty Needham and Melanie Burton SYDNEY (Reuters) -Chinese Premier Li Qiang visited a lithium processing plant in resource-rich Western Australia state on Tuesday, highlighting China’s push to secure critical minerals as Washington tries to break Beijing’s supply dominance. Western Australia supplies more than half of the world’s seaborne iron ore, with China its top …

Chinese premier’s Western Australia tour spotlights global race for critical minerals Read More »

SEOUL (Reuters) -The South Korean government issued a return-to-work order for private practitioners on Tuesday as more doctors including medical professors join the months-long strike to protest increasing medical school admissions. Around four percent of some 36,000 private clinics have notified the government of plans to be closed on Tuesday to take part in the …

South Korea orders doctors to return to work amid prolonged strike Read More »

By Liangping Gao and Marius Zaharia BEIJING/HONG KONG (Reuters) – China’s latest property support measures have boosted transactions in its biggest cities, but activity in smaller localities is struggling to get off the ground, pointing to more pain ahead for most of the country’s real estate market. On May 17, China cut minimum mortgage rates …

China’s property measures give sales a boost, but only in big cities Read More »