Reuters Asia Business

Japan household spending falls for second month in test for BOJ policy

8 Nov 2024

By Satoshi Sugiyama TOKYO (Reuters) -Japanese household spending fell in September for the second straight month, government data showed on Friday, as higher prices choked consumers’ appetite in a discouraging sign for the central bank’s plans to hike rates further. Consumer spending fell 1.1% from the year earlier, against the median market forecast for a …

Japan household spending falls for second month in test for BOJ policy Read More »

New Chinese stealth fighter to take centre stage at China’s biggest air show

8 Nov 2024

By Lisa Barrington and Sophie Yu SEOUL/BEIJING (Reuters) – China’s new J-35A stealth fighter jet will be displayed for the first time next week at the country’s biggest civil and military air show, a biennial event where Beijing showcases its expanding aerospace industry. The six-day China International Aviation & Aerospace Exhibition begins on Tuesday in …

New Chinese stealth fighter to take centre stage at China’s biggest air show Read More »

US judge narrows investor lawsuit against Rio Tinto over Mongolian mine

8 Nov 2024

By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Thursday dismissed some claims in a lawsuit accusing Rio Tinto and its former CEO Jean-Sebastien Jacques of defrauding investors by concealing problems developing the $5.3 billion Oyu Tolgoi copper and gold mine in Mongolia. U.S. District Judge Lewis Liman in Manhattan addressed recently added …

US judge narrows investor lawsuit against Rio Tinto over Mongolian mine Read More »

Japan spent $20.7 billion on currency intervention on July 11

8 Nov 2024

TOKYO (Reuters) – Japan spent 3.168 trillion yen ($20.69 billion) on dollar-selling intervention on July 11 and 2.367 trillion yen on July 12, quarterly data from the Ministry of Finance (MOF) showed on Friday. The data represents a detailed daily breakdown of the previously revealed 5.53 trillion yen currency intervention made during the period from …

Japan spent $20.7 billion on currency intervention on July 11 Read More »

South Korea to respond if market volatility heightens excessively, finance minister says

8 Nov 2024

SEOUL (Reuters) – South Korea’s finance minister said on Friday that authorities will respond in a timely manner if volatility heightens excessively in financial markets. Minister Choi Sang-mok said the government’s 24-hour monitoring system, which had been run to monitor the Middle East situation, would be expanded to cover financial and foreign exchange markets. Choi …

South Korea to respond if market volatility heightens excessively, finance minister says Read More »

Taiwan’s TSMC says US investment plan is unchanged after election

8 Nov 2024

TAIPEI (Reuters) -Chipmaker TSMC’s investment plan in the United States remains unchanged, the company said, responding to a question on the election of Republican Donald Trump as the next U.S. president. “Our investment plan in the U.S. remains unchanged,” the company said late on Thursday in an emailed statement, without elaborating. TSMC, the world’s largest …

Taiwan’s TSMC says US investment plan is unchanged after election Read More »

LG Energy Solution signs 5-year battery supply deal with Rivian

8 Nov 2024

SEOUL (Reuters) – South Korea’s LG Energy Solution on Friday said its subsidiary LG Energy Solution Arizona has signed a battery supply agreement with U.S.-based automotive manufacturer Rivian. Under the agreement, LGES, which supplies Tesla, General Motors and Hyundai Motor, will provide Rivian with its advanced 4695 cylindrical batteries for over five years, totaling 67 …

LG Energy Solution signs 5-year battery supply deal with Rivian Read More »

Trump victory heightens risks for BOJ as yen renews slide

8 Nov 2024

By Leika Kihara and Makiko Yamazaki TOKYO (Reuters) -A dollar rally triggered by Republican Donald Trump’s victory in the U.S. presidential election could heighten pressure on the Bank of Japan to raise interest rates as soon as December to prevent the yen from sliding back toward three-decade lows. Trump’s victory in the U.S. presidential election …

Trump victory heightens risks for BOJ as yen renews slide Read More »

Morning Bid: ‘Risk on’ as Powell signals Fed still on easing track

7 Nov 2024

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets.  Asian markets on Friday round off a monumental week on the front foot after Federal Reserve Chair Jerome Powell on Thursday expressed confidence in the U.S. economy and that inflation will continue to cool, signaling further interest rate cuts ahead. In …

Morning Bid: ‘Risk on’ as Powell signals Fed still on easing track Read More »

Close Bitnami banner
Bitnami