By Leika Kihara TOKYO (Reuters) -Japan’s large manufacturers saw exchange rate stability as the biggest factor they wanted out of the central bank’s monetary policy, a Bank of Japan survey showed on Monday. Roughly 70% of firms polled said they experienced drawbacks from the BOJ’s 25-year-long monetary easing measures including a weak yen that pushed …
Japan manufacturers want BOJ to keep yen stable, survey shows Read More »
By Mei Mei Chu and Ryan Woo BEIJING (Reuters) -China’s agriculture minister, under investigation by Beijing’s graft watchdog for potential corruption, has been removed from the leadership roster on the ministry’s website, a change analysts said could delay China’s food security plans. Tang Renjian, 61, was placed under investigation for “serious violations of discipline and …
China’s agriculture chief stripped from ministry’s leadership roster amid investigation Read More »
By Kentaro Sugiyama TOKYO (Reuters) -Top Japanese companies agreed to wage increases of an average 5.58% at annual labour talks that wrapped up in March, the Keidanren business lobby’s preliminary data showed on Monday, representing the heftiest pay hike in 33 years. The average wage increase at the “shunto” spring wage talks this year exceeded …
Top Japan companies agree to 5.58% average pay hike, business lobby says Read More »
By Yantoultra Ngui and Kane Wu SINGAPORE/HONG KONG (Reuters) – Asia-Pacific investment firm PAG said on Monday it had raised $550 million for its first renewable energy fund, which focuses on investments in physical assets in Asia and includes solar power in Japan as its primary target. PAG, which manages more than $55 billion of …
PAG raises $550 million for Asia renewable energy fund, investors include Mubadala Read More »
By Colleen Howe BEIJING (Reuters) -China’s gasoline exports in April fell to the lowest level since July 2015, customs data and Reuters records showed on Saturday, as domestic travel and fuel use increased in the recovering economy. April exports of gasoline stood at 400,000 million metric tons (3.38 million barrels per day), down 50.8% from …
By Qiaoyi Li and Sarah Wu BEIJING (Reuters) -China’s commerce ministry on Sunday launched an anti-dumping probe into POM copolymers, a type of engineering plastic, imported from the European Union, United States, Japan and Taiwan. The plastics can partially replace metals such as copper and zinc and have various applications including in auto parts, electronics, …
China launches anti-dumping probe into EU, US, Japan, Taiwan plastics Read More »
By Liam Mo and Sarah Wu BEIJING (Reuters) – Didi Global Inc’s co-founder Jean Liu has stepped down from her roles as president and board director of China’s biggest ride-hailing firm to take on a new role, according to an internal company memo. Didi, which is seen as China’s answer to Uber but has faced …
Didi co-founder Liu steps down after decade at helm of Chinese ride-hailing company Read More »
By Stefanno Sulaiman DENPASAR (Reuters) -Elon Musk and Indonesian Health Minister Budi Gunadi Sadikin launched SpaceX’s satellite internet service for the nation’s health sector on Sunday, aiming to improve access in remote parts of the sprawling archipelago. Musk, the billionaire head of SpaceX and Tesla, arrived on the Indonesian resort island of Bali by private …
Musk, Indonesian health minister, launch Starlink for health sector Read More »
SEOUL (Reuters) – South Korea’s financial watchdog plans to partially lift a ban on stock short-selling sometime in June, Yonhap News reported, citing Lee Bok-hyun, the head of the regulator. South Korea in November prohibited short selling of stocks in the domestic market until June 2024, after it found illegal trading by two foreign firms. …
South Korea plans to partially lift short-selling ban in June -Yonhap Read More »
(Reuters) – Sony Pictures Entertainment and Apollo Global Management have signed nondisclosure agreements that will allow them to look at Paramount’s books ahead of a potential bid for the movie studio’s assets, the New York Times reported on Friday, citing people familiar with the matter. The companies are, however, backing away from an initial plan …
