Reuters Asia Business

By David Lawder MILWAUKEE (Reuters) -U.S. Treasury Secretary Janet Yellen said on Friday that Treasury officials visiting Beijing recently received assurances that Chinese banks are “doing well” despite turmoil in the country’s financial and real estate markets, adding that she did not see large spillovers to the U.S. economy at this stage. Yellen told reporters …

China told US officials its banks ‘doing well’ despite financial turmoil, Yellen says Read More »

By Karen Freifeld (Reuters) – A congressional committee focused on China has introduced a bill that would restrict federally funded medical providers from allowing China’s BGI Group, WuXi Apptec and other biotech companies from getting genetic information about Americans. The House select committee on China, led by Republican congressman Mike Gallagher, said the legislation unveiled …

US House bill would curb genetic info sharing with China’s Wuxi Apptec, BGI Read More »

(Reuters) -Evergrande Property Services said on Friday its units have started legal proceedings against parent China Evergrande to recover 11.4 billion yuan ($1.59 billion) of pledge guarantees on deposit certificates. The lawsuits, which also name China Evergrande’s other units including Hengda Real Estate, come ahead of a high-profile case on Monday where a judge will …

China Evergrande unit starts legal proceedings against parent Read More »

By Alun John LONDON (Reuters) – Investors poured almost $12 billion into Chinese equity funds in the week to Wednesday in the largest inflow since 2015 and the second largest ever, a BofA Global Research report showed on Friday – a positive sign for battered Chinese stocks. Hong Kong’s Hang Seng Index is up nearly …

China equity funds draw largest weekly inflows since 2015 -BofA Read More »

By Satoshi Sugiyama and Kantaro Komiya TOKYO (Reuters) – Tokyo Metro Co, which operates most of the Japanese capital’s subway system, is set to go public – a major privatisation effort by Japan as it seeks to take advantage of a stock market that has shot to 34-year peaks. The company, which is 53.4% owned …

Tokyo Metro to go public as Japan seeks to reap benefits of buoyant stock market Read More »

HANOI (Reuters) – Fifteen U.S. semiconductors firms have expressed interest in investing $8 billion in Vietnam, a senior U.S. official said on Friday. That investment is conditional on development of a renewables regime in Vietnam, Jose Fernandez, undersecretary for economic growth, energy and the environment at the State Department, told a press briefing in Hanoi. …

Fifteen U.S. semiconductors firms eye $8 billion investment in Vietnam – senior U.S. official Read More »

SHANGHAI (Reuters) – A Shanghai-listed fund that holds U.S. stocks took the unusual step of suspending trading on Friday, saying it was necessary to protect investors after prices hit record levels in a scramble for overseas assets. Trading in the exchange-traded fund (ETF) that tracks the MSCI USA 50 Index was halted for the afternoon …

China fund with US stocks halts trading to calm investor fever Read More »

By Yantoultra Ngui and Danial Azhar SINGAPORE/KUALA LUMPUR (Reuters) – Malaysia’s largest asset manager, Permodalan Nasional Bhd (PNB), said on Friday its president and group CEO, Ahmad Zulqarnain Onn, would resign to take the helm of the country’s biggest state pension fund, the Employees Provident Fund (EPF). The news of the change at EPF, the …

Malaysia names PNB chief to lead its biggest pension fund EPF Read More »

By Rae Wee SINGAPORE (Reuters) – Investors positioning for Japan’s first rate hike in nearly two decades have cooled on outright cash bets on the yen rising and turned to the options market to guard against any potential disappointment. Japanese inflation has run above policymakers’ target for well over a year and Bank of Japan …

Yen bulls stock up on options for any BOJ spring surprises Read More »