Reuters Asia Business

(Reuters) -Top U.S. liquefied natural gas producer Cheniere Energy beat adjusted core profit estimates on Friday, as higher-than-expected export volumes countered lower natural gas prices. The U.S. emerged as the top LNG exporter in 2023 as buyers scrambled to find alternate sources after Western sanctions squeezed supplies from Russia. Cheniere’s overall loaded LNG volumes remained …

LNG producer Cheniere’s export volumes fuel core profit beat Read More »

By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) – Elon Musk’s carmaker Tesla has sued an Indian battery maker for infringing its trademark by using the brand name “Tesla Power” to promote its products, seeking damages and a permanent injunction against the company from a New Delhi judge. Tesla in a hearing at the …

Tesla vs Tesla: US carmaker sues Indian namesake for copying trademark Read More »

HONG KONG (Reuters) – Global investment houses are increasingly bullish about Chinese stocks as resilient corporate earnings, policies to support the economy and enhance shareholder returns, boosted sentiment China’s top securities regulator issued draft rules in April aimed at bolstering the ailing stock market, including strengthening the supervision of company listings, improving corporate governance, encouraging …

Factbox-Global investment banks upgrade China equities, brace for weaker yuan Read More »

By Bernadette Christina JAKARTA (Reuters) – Malaysia’s palm oil inventories likely shrank further in April to hit their lowest in a year as local consumption increased amid festive demand, a Reuters survey showed on Friday. Palm oil stocks in the world’s second-biggest producer were seen declining for a sixth consecutive month to 1.68 million metric …

Malaysia palm oil stocks seen declining to the lowest in a year: Reuters poll Read More »

By Ankur Banerjee and Rae Wee SINGAPORE (Reuters) – Japan appears to have bought some time and respite for a tumbling yen through its latest bursts of suspected , yet it has also set itself up for a protracted war with a market that views the currency as a compelling sell, analysts say. Traders estimate …

Analysis-Japan faces a tough tug-of-war with yen bears Read More »

By Amanda Cooper and Dhara Ranasinghe LONDON (Reuters) -Japan’s attempts to shore up its currency are putting trading desks across the globe on high alert and dealers are taking no chances ahead of a long weekend in London and Tokyo that might offer authorities another opportunity to bolster the frail yen. The Japanese currency, which …

Analysis-Traders prep for another round of yen whack-a-mole Read More »

By Faith Hung TAIPEI (Reuters) – Money is pouring into Taiwan exchange-traded funds as investors scramble for exposure to the artificial intelligence supply chain, raising analyst and regulator caution just as a rally in the sector has turned fickle and volatile. The rush into exchange-traded funds (ETFs) has changed the ownership structure of a $2 …

Investors flood into Taiwan ETFs on AI boom, unnerving some Read More »

BANGKOK (Reuters) -Thailand’s headline inflation rate rose for the first time in seven months in April but remained below the central bank’s target range of 1% to 3% for a 12th consecutive month, data showed on Friday. The consumer price index (CPI) rose 0.19% in April from a year earlier, after a 0.47% year-on-year drop …

Thai inflation rate positive in April, still below central bank target Read More »

By Hyonhee Shin SEOUL (Reuters) – South Korea’s antitrust regulator said on Friday food makers and suppliers will be required to notify shoppers if they reduce the size of their products or face fines of up to 10 million won ($7,300). The Fair Trade Commission (FTC) said it has designated the practice of some businesses …

South Korea to slap fines on food suppliers for ‘shrinkflation’ Read More »

By Summer Zhen HONG KONG (Reuters) – Global hedge funds that use an equities long-short strategy are growing increasingly bullish on China, evidenced by the heavy pick-up in their purchases of Hong Kong-listed shares, UBS Group said in a note. Hong Kong’s stock markets, which closely mirror China’s struggling performance, have recovered since March as …

Global hedge funds chase Hong Kong stocks rally, UBS says Read More »