Reuters Asia Business

By Marcelo Teixeira NEW YORK (Reuters) – Sugar crops in India and Thailand, two main Asian producers, are looking better in the final stages of the sugarcane harvesting, indicating higher sugar supplies in the region, said Singapore-based commodities trader Wilmar on Friday. “Thailand tail crop is much better than expected,” said Karim Salamon, head of …

India, Thailand sugar crops looking better than expected, says Wilmar Read More »

By Leika Kihara SAO PAULO (Reuters) – The G20 finance leaders’ upbeat take on the global economic outlook will likely give Bank of Japan Governor Kazuo Ueda further impetus to proceed with the bank’s carefully telegraphed plan to exit negative interest rates as early as this month. The chance of a hard landing in the …

Analysis – G20 optimism on global outlook gives BOJ impetus for early stimulus exit Read More »

MADRID (Reuters) – Grifols’ $1.8 billion sale of a 20% stake in Shanghai RAAS will proceed after a due diligence process concluded “satisfactorily”, the Spanish drug maker said on Friday. Grifols said the sale to Haier Smart Home, announced in late December, will be completed by the end of the first half of this year …

Grifols says due diligence done, Shanghai RAAS stake sale to go ahead Read More »

(Reuters) – Global energy majors Exxon Mobil and Shell will work with Singapore to develop a cross-border carbon capture and storage (CCS) project, both companies said on Friday. The Singapore-based units of the two companies, ExxonMobil Asia Pacific Pte. Ltd. and Shell Singapore Pte. Ltd., have formed the S-Hub consortium to work with the Singapore …

ExxonMobil, Shell to work with Singapore on carbon capture and storage project Read More »

By Emily Chow KUALA LUMPUR (Reuters) – Energy companies are ramping up exploration activities in Southeast Asia to boost natural gas output and meet long-term demand growth, drawn by recent discoveries and improved investment policies, company executives and analysts said. Malaysia and Indonesia have recently seen successful upstream discoveries, including a major discovery by Mubadala …

Energy firms boost gas exploration in Southeast Asia to meet growing demand Read More »

By Kevin Yao BEIJING (Reuters) – China’s parliament is expected to unveil moderate stimulus plans to stabilise growth at an annual meeting beginning on Tuesday, but may disappoint those calling for a detailed roadmap of bold policies to fix the country’s deep structural imbalances. Premier Li Qiang will lay out economic targets for this year …

China’s parliament to unveil more stimulus next week, bold reforms unlikely Read More »

(Reuters) – Asia’s major manufacturing economies struggled to claw their way out of decline in February with Japan particularly squeezed by a steeper fall in demand while an uneven recovery in China overshadowed some signs of improvement elsewhere in the region. A raft of business surveys released on Friday highlighted a patchy performance across Asia …

Asia’s factories struggle for growth as China, Japan falter Read More »