Reuters Asia Business

By David Shepardson WASHINGTON (Reuters) -Major U.S. airlines and aviation unions on Thursday urged the Biden administration to pause approvals of additional flights between China and the United States, citing ongoing “anti-competitive policies of the Chinese government.” In February, the U.S. Transportation Department said Chinese passenger airlines could boost weekly round-trip U.S. flights to 50 …

Exclusive-US airlines, unions urge Biden administration not to approve more China flights Read More »

BRUSSELS (Reuters) – Nippon Steel’s $14.9 billion acquisition of U.S. Steel Corp will be decided by European Union antitrust regulators by May 17, with their approval a formality, a European Commission filing showed. The Japanese steelmaker sought EU clearance on April 9, with the EC reviewing the deal under a simplified procedure, according to the …

EU to decide on Nippon Steel’s US Steel bid by May 17, approval a formality Read More »

TOKYO (Reuters) -Japan’s Fujifilm will invest $1.2 billion to expand its North Carolina plant as part of its plans to expand biopharmaceutical contract manufacturing businesses in the United States and Europe, the company said on Thursday. The investment will generate an additional 680 jobs at the unit Fujifilm Diosynth Biotechnologies’ facility in Holly Springs, North …

Fujifilm to invest $1.2 billion in North Carolina plant in biopharma expansion Read More »

By Jamie McGeever ORLANDO, Florida (Reuters) – Far from cementing itself as a world reserve currency, China’s yuan has gone into reverse and its share of global foreign exchange reserves has fallen to the lowest level in three years. The gradual but steady decline since early 2022 reflects the international community’s unease about investing in …

Column-China yuan’s global FX reserve footprint smallest in 3 years: McGeever Read More »

WASHINGTON (Reuters) – Pakistan is in discussions with the International Monetary Fund on a potential follow-up program to its nine-month, $3 billion stand-by arrangement, IMF chief Kristalina Georgieva said on Thursday, adding that it had important issues to solve. Georgieva told an event at the Atlantic Council think tank, that Pakistan was successfully completing its …

IMF chief says Pakistan seeking potential follow-up loan program Read More »

BEIJING (Reuters) – China has banned the senior executives of two U.S. defence companies from entering the country and frozen their property in response to their arms sales to Taiwan, the foreign ministry said on Thursday. The measures effective from Thursday were against General Atomics Aeronautical Systems, which manufactures unmanned aerial systems, and military vehicle …

China sanctions two US defence firms for selling Taiwan weapons Read More »

(Reuters) – Foreign investors snapped up Japanese stocks in the week ended April 5, as they sought value opportunities following a substantial drop in late-March amid profit booking by domestic institutions. They pumped in a net 829.45 billion yen ($5.42 billion) into Japanese equities during the week, the highest since Jan. 12 and a sharp …

Foreign investors snap up Japanese stocks for bargains Read More »

By Leika Kihara TOKYO (Reuters) – The yen’s fresh slide to a 34-year low complicates the Bank of Japan’s deliberations on the timing of a next interest rate hike, as a resulting rise in import costs pushes up inflation but also hurts already weak consumption and the broader economy. If that weakness persists and discourages …

Analysis-Weak yen may actually deter Bank of Japan from hiking rates soon Read More »