Reuters Asia Business

By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) – Standard Chartered PLC Chief Executive Bill Winters on Friday acknowledged the bank’s underwhelming share price and vowed to fix it as the lender announced increased dividends, a fresh $1 billion buyback and an 18% increase in annual profit. “The share price is crap. I know …

StanChart unveils big buyback, profit jump as CEO bemoans ‘crap’ share price Read More »

By Xinghui Kok, Lisa Barrington and Brenda Goh SINGAPORE (Reuters) – Parts shortages and delivery delays plaguing the global aviation industry are easing, but could take up to two years to resolve, firms at the Singapore Airshow said, adding to the pressures clouding a post-pandemic recovery in travel demand. European planemaker Airbus said it was …

Supply chain strains set to weigh on aviation industry bounce-back Read More »

BEIJING (Reuters) – Chinese electric vehicle giant BYD on Friday unveiled a version of its Dolphin hatchback with a lower starting price. The new Dolphin EV goes for a starting price of 99,800 yuan ($13,865.35), a 14.6% fall from the previous version. The EV rollout came on the heels of BYD’s introduction of lower-priced plug-in …

China’s BYD unveils new Dolphin EV with lower starting price Read More »

By Xie Yu HONG KONG (Reuters) -A group of offshore creditors of China South City is set to file a lawsuit against the debt-laden developer’s biggest state-owned shareholder for dues, four sources said, in what would be the first such case in the crisis-hit property sector. China South City earlier this month missed a principal …

Exclusive-In a first, Chinese developer’s creditors plan to sue state-owned shareholder for dues Read More »

TOKYO (Reuters) – Toyota Motor has extended until March 1 the shutdown of two production lines at two manufacturing plants run by Toyota group companies in Japan, it said on Friday. The production lines have been suspended since Jan. 29 after the discovery of irregularities in certification tests for diesel engines developed by affiliate Toyota …

Toyota extends shutdown of two production lines after emission test irregularities Read More »

By Gerry Doyle SINGAPORE (Reuters) – The Singapore Airshow included the foreign debuts of new weapons systems, growing interest in systems that could destroy ballistic missiles and swat down drones – but it was missing any Russian presence and major defence deals were scarce. The trade portion of Asia’s biggest aviation gathering ended on Friday, …

Foreign debuts, but few defence deals at Singapore air show Read More »

KUALA LUMPUR (Reuters) -Malaysia’s Prime Minister Anwar Ibrahim on Friday said the ringgit currency’s fall to a 26-year-low this week was concerning but emphasised that strong fundamentals underpinned a promising outlook for the economy. The ringgit is trading near lows last seen in January 1998, when it reached 4.8850 against the dollar. “This is concerning, …

Malaysia’s ringgit fall is concerning but economic fundamentals strong, PM says Read More »

BEIJING (Reuters) – Chinese stock exchanges do not limit share selling and only carry out regulatory measures on abnormal trading activities of certain institutions, the securities regulator said on Thursday. The Chinese Securities Regulatory Commission (CSRC) was responding to a media report that suggested that China had banned major institutional investors from reducing equity holdings …

China regulator says stocks exchanges do not limit share selling Read More »