Reuters Asia Business

By Asif Shahzad ISLAMABAD (Reuters) -Finance Minister Muhammad Aurangzeb said on Wednesday that Pakistan was keen to access Chinese capital markets as the cash-strapped country looked to raise finances from international markets. If that happens, it would be Pakistan’s first venture into China’s capital markets, Aurangzeb said. Islamabad could return to the international bond market …

Pakistan keen to access Chinese capital markets, says finance minister Read More »

By Dharamraj Dhutia MUMBAI (Reuters) – India’s government bonds will continue to attract foreign flows even as a narrower-than-expected victory margin for Prime Minister Narendra Modi-led alliance could prompt a shift in policy, fund managers said. Foreign investors have piled on bonds this year and remained on the buying side on Tuesday, despite the unexpected …

India bonds still a ‘buy’ for foreign investors despite post-election policy uncertainty Read More »

TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and Apple’s biggest iPhone assembler, reported on Wednesday revenue for May rose 22.1% year-on-year, a record high for the month. It said in a statement that its original outlook for the second quarter was for both quarter-on-quarter and year-on-year growth “Due to higher-than-expected demand …

Foxconn says May revenue climbs 22% y/y, raises outlook Read More »

By Bharath Rajeswaran MUMBAI (Reuters) – Indian consumer-focussed companies are likely to shine, while capital spending-linked firms could suffer as the government shifts its policy focus to support lower-income segments, fund managers and analysts said on Wednesday, a day after a surprise result in the national elections. Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) …

India’s consumer stocks have edge over capex-linked ones after shock poll verdict Read More »

(Reuters) – U.S. Energy Secretary Jennifer Granholm said on Tuesday the Biden administration’s plan to quadruple import duties on Chinese electric vehicles to over 100% is crucial to the health of the U.S. auto sector. “We need to have this industry here. And if we didn’t do that, we would just be ceding the entire …

Granholm says new tariffs on Chinese vehicles crucial to US auto industry Read More »

TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida instructed his government to compile a long-term economic and fiscal plan on Tuesday, drawing a line under nearly two decades of falling prices and economic stagnation. “Japan is now facing great opportunities to move out of the cost cut-focused economy and enter a new stage,” Kishida said …

Japan PM Kishida instructs compilation of 6-year economic, fiscal plan Read More »

BEIJING (Reuters) -China’s Longi Green Energy Technology, one of the world’s largest solar panel manufacturers, said on Tuesday it would “adjust” production amid a “complex industry environment”, but remains optimistic about the sector’s future. The photovoltaic industry has been hit by various factors including price changes and trade policy adjustments this year, Longi said in …

China’s Longi says it will adjust production amid ‘complex’ environment Read More »