Reuters Asia Business

COPENHAGEN (Reuters) – Novo Nordisk said on Thursday it expects Wegovy to be approved for sale in China this year and plans to soon launch the popular weight-loss drug in the largest Asian market with capped volumes. The upcoming launch in China will initially focus on patients paying out-of-pocket for Wegovy, the head of Novo’s …

Novo Nordisk expects China to approve Wegovy this year Read More »

(Corrects in paragraph 9 to say that Tong chairs a commission on remuneration of members of executive council and legislature, instead of serves as a member in the council and legislature; updates in paragraph 17 that HKEX spokesman confirms the management changes) By Selena Li HONG KONG (Reuters) -Hong Kong Exchanges and Clearing (HKEX) is …

Hong Kong stock exchange poised to name Carlson Tong as new chair, sources say Read More »

SEOUL (Reuters) – South Korea’s personal data protection watchdog said on Thursday it is looking into consumer data practices of major overseas shopping platforms, as South Korean use of Chinese e-commerce platforms like Alibaba’s AliExpress and Temu jumped. The Personal Information Protection Commission said it has been investigating overseas e-commerce platforms since last month, after …

South Korea probes data protection by e-commerce platforms like AliExpress, Temu Read More »

By Joe Cash BEIJING (Reuters) -China’s export and import growth in the January-February period beat forecasts, suggesting global trade is turning a corner in an encouraging signal for policymakers as they try to shore up a stuttering economic recovery. China’s improved export data joins those of South Korea and Germany, and Taiwan, who all saw …

China’s exports top forecasts as global demand returns Read More »

By Leika Kihara MATSUE, Japan (Reuters) – The Bank of Japan’s (BOJ) governor and one of its board members said on Thursday the economy was moving towards the central bank’s 2% inflation target, in comments that heightened market expectations of an imminent end to negative interest rates. The remarks came as Japan’s largest trade union …

BOJ’s growing confidence in prices, wages shifts focus to March meeting Read More »

TOKYO (Reuters) – Japanese drugmaker Eisai on Thursday said the distribution of its Alzheimer’s drug Leqembi in the United States has proceeded slower than it expected. The company expects to reach 90% of its target for integrated delivery networks (IDNs) used to administer the drug in the U.S. in the fiscal year ending this month, …

Japan’s Eisai says US introduction of Alzheimer’s drug Leqembi slower than expected Read More »

BEIJING (Reuters) – China’s foreign exchange reserves unexpectedly rose in February, official data showed on Thursday, even as the dollar climbed against other major currencies. The country’s foreign exchange reserves – the world’s largest – rose by $6.5 billion to $3.226 trillion last month, compared with $3.205 trillion tipped by a Reuters poll of analysts …

China forex reserves unexpectedly rise to $3.226 trillion in Feb Read More »

By Francesco Guarascio HANOI (Reuters) – Large foreign multinationals said they may freeze new investment plans in Vietnam in the absence of subsidies to help offset the cost of a new top-up tax, said a person involved in talks on the matter between investors and the government. The investment-reliant manufacturing hub has been one of …

Foreign firms warn Vietnam of investment freeze without new tax offset, source says Read More »

By Rishav Chatterjee (Reuters) -Singapore Telecommunications on Thursday said it has sold a 0.8% stake in India’s Bharti Airtel for S$950 million (nearly $711 million) to U.S. investment firm GQG Partners. The deal marks the latest effort by Southeast Asia’s largest telcom operator to recycle capital, bringing the total to S$8 billion since its strategic …

SingTel sells 0.8% stake in India’s Bharti Airtel to GQG Partners for $711 million Read More »