Reuters Asia Business

By Makiko Yamazaki TOKYO (Reuters) -Japanese Minister of Finance Satsuki Katayama on Friday said the government has been monitoring foreign exchange movement “with a high sense of urgency”, her strongest comment on currency since assuming the role last week as the yen sits at a nine-month low. “We have been recently seeing one-sided, rapid moves,” …

Japan finance minister warns against forex volatility after yen plunge Read More »

By Leika Kihara TOKYO (Reuters) -Core inflation in Japan’s capital accelerated in October and stayed above the central bank’s 2% target, data showed on Friday, keeping alive market expectations for a near-term interest rate hike. But the increase was driven mostly by stubbornly high food costs with service-sector inflation staying modest, a sign companies were …

Core consumer prices in Japan’s capital accelerate, keep BOJ under pressure Read More »

SEOUL (Reuters) -SK Innovation Co Ltd, owner of South Korea’s top refiner SK Energy, on Friday said refining margins are expected to remain resilient in the fourth quarter amid global supply disruptions and the onset of the winter peak demand season. The company posted an operating profit of 573 billion won ($403.10 million) for the …

SK Innovation swings to quarterly profit, expects resilient Q4 refining margins Read More »

By Rae Wee and Jiaxing Li SINGAPORE/HONG KONG (Reuters) -China’s latest trade truce with the United States removes one big deterrent for foreign investors who’ve been circumspect all year about investing in a stock market that’s outrun most other major ones with its strongest annual run since 2019.  Foreign money managers have so far been …

Analysis-After trade truce, China becomes a bit more investible Read More »

By Sam Li and Lewis Jackson BEIJING (Reuters) -Tianyu Jiang took a 2,000-km (1,200-mile) road trip this month during China’s national holiday week, driving in his electric vehicle from the southwestern Sichuan basin to Beijing for the first time. “I used to drive a petrol car and had never taken an EV for such a …

EVs put an end to China’s usual holiday surge in gasoline use Read More »

By Kevin Yao BEIJING (Reuters) -China’s over-reliance on investment and exports to power its $19 trillion economy appears to have reached a limit. Chinese leaders are signalling a sharper shift towards supporting consumption over the next five years as limited investment room and slowing exports have exposed vulnerabilities, though measures may take time to yield …

Analysis-China signals sharper pivot to consumption as imbalances worsen Read More »

By Aditi Shah TOKYO (Reuters) -Toyota plans to launch 15 new and refreshed models in India by the end of the decade while deepening its rural network, sources said, as record profits in the country make the market increasingly important. Battered by stiff local competition in China, several global automakers have set their sights on …

Toyota steps up India expansion with new SUVs, rural push as profit surges Read More »

By Cynthia Kim, Yena Park and Youn Ah Moon SEOUL (Reuters) -President Donald Trump’s trade pact with South Korea could deal a major blow to the won when cash starts flowing out of the country to cover investment commitments in the U.S., though the pact will likely be a boon for the Kospi.  In exchange …

Trump’s Korea trade deal revives concerns about currency flight Read More »