Reuters Asia Business

By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) – The Japan Organization for Metals and Energy Security (JOGMEC) is preparing to give financial assistance to Japanese companies for new liquefied natural gas (LNG) projects to ensure a stable supply of the fuel, its CEO said in an interview this week. Japan is the world’s second-biggest …

Japan’s JOGMEC gearing up to support new LNG projects Read More »

By Clare Jim and Scott Murdoch HONG KONG (Reuters) – A key offshore bondholder group of China Evergrande plans to join a petition to liquidate the developer at a hearing in a Hong Kong court on Monday, Reuters reported this week. The bondholder group owns more than $2 billion in offshore notes guaranteed by Evergrande …

Explainer-Evergrande’s possible liquidation and what happens next Read More »

By Ellen Zhang and Ryan Woo BEIJING (Reuters) – Many provinces in China including the financial hub of Shanghai have set modest 2024 economic growth targets after missing their previous goals, in a sign that a nationwide recovery to pre-pandemic levels would yet again prove elusive this year. Last year, China’s gross domestic product (GDP) …

Chinese provinces target modest 2024 growth after missing previous goals Read More »

BANGKOK (Reuters) – Thailand’s exports rose for a fifth straight month in December but at a slower pace and less than analysts’ forecasts, and the commerce ministry said on Friday that it expected small export growth in 2024 after a slight drop last year. Customs-based exports rose 4.7% in December from a year earlier, compared …

Thai export growth misses forecast in Dec, small rise seen in 2024 Read More »

By Satoshi Sugiyama TOKYO (Reuters) – Japan’s industrial output likely expanded in December thanks to the easing of supply constraints, although the outlook for this month appears to be cloudy amid disruption in automobile production, a Reuters poll showed on Friday. Industrial production likely grew 2.4% in December from the previous month, according to a …

Japan Dec industrial output seen rising; outlook uncertain: Reuters poll Read More »

By Ariba Shahid KARACHI (Reuters) – Pakistan’s central bank is widely expected to hold its key rate at 22% for the fifth policy meeting in a row on Monday, though an expected easing of inflation could leave the door open for rate cuts in the future, analysts said. The decision is the last under a …

Pakistan cbank expected to hold rates steady ahead of elections: Reuters poll Read More »

By Stephen Nellis (Reuters) -Apple on Thursday outlined its plans to allow software developers to distribute their apps to users in the European Union outside of Apple’s own App Store. The move is in response to a new EU law called the Digital Markets Act (DMA), which requires companies with more than 45 million monthly …

Apple to allow downloads outside App Store in EU, with new fees Read More »

By David Shepardson WASHINGTON (Reuters) – Boeing CEO Dave Calhoun said Thursday the U.S. planemaker supports the Federal Aviation Administration (FAA) decision to bar the planemaker from expanding production of its best-selling 737 MAX planes, following “unacceptable” quality issues. Calhoun told Reuters in a brief interview after a Capitol Hill meeting he supported the FAA …

Boeing CEO says planemaker backs FAA halt to 737 MAX production expansion Read More »