By Saikeerthi . (Reuters) -Dow on Thursday forecast sequentially flat sales for the current quarter after reporting a 10.4% drop for the fourth quarter, as persistently weak demand plagues the chemical maker’s operating segments. Chemical companies experienced a lackluster 2023 as they struggled to offload inventory amid a slowdown in demand in major markets such …
Dow forecasts muted demand after fourth-quarter sales drop Read More »
(Reuters) -China Evergrande said on Thursday one of its units had entered a deal to sell its entire stake in Shantou Hengmeng Property Development for 137.6 million yuan ($19.20 million). Hengda Real Estate Group Yuedong, a unit of the property giant, holds a 65% stake in Shantou Hengmeng, with the rest being held by Redleaf …
China Evergrande unit to sell entire stake in asset to cut debt Read More »
By Ryan Woo and Eduardo Baptista BEIJING (Reuters) -A delegation of about 200 Japanese business leaders and CEOs returned to China this week in their first visit since 2019 as they sought to bolster economic relations in the face of geopolitical headwinds that have strained bilateral ties. Japanese economic delegations had visited China every year …
Japanese business leaders return to China seeking to boost cooperation Read More »
By Kantaro Komiya TOKYO (Reuters) – The New Year’s Day earthquake that killed at least 236 in Japan’s Noto peninsula is likely to have a lasting impact on the economy and requires “full attention”, a government report showed on Thursday. The government also lowered its view on Japanese exports given weak Europe-bound shipments but kept …
Japan warns of economic impact of Noto earthquake – govt report Read More »
By Eduardo Baptista and Sophie Yu BEIJING (Reuters) – China said on Thursday it has given Boeing permission to resume deliveries of its 737 MAX 8 to local customers, ending an import freeze on the U.S. planemaker’s most profitable jets which was put in place shortly after its first delivery in 2019. China’s green-light is …
China says Boeing has permission to resume 737 MAX 8 deliveries Read More »
BEIJING (Reuters) – China’s financial institutions should actively fulfill reasonable financing demands for property projects, an official at the National Financial Regulatory Administration (NFRA) said on Thursday. Financial institutions should not blindly withdraw and cut off loans for eligible property projects that have encountered temporary difficulties on construction, Xiao Yuanqi, deputy director of the NFRA, …
China regulator urges banks to grant financing for property projects Read More »
BANGKOK (Reuters) – Thailand’s Prime Minister Srettha Thavisin stressed on Thursday that the country’s economy was in need of a big injection of stimulus to get out of what he called a “crisis”, and said it was at risk of falling further behind its competitors. Speaking at a business forum, Srettha painted a bleak picture …
Thai PM says economy needs major stimulus to get out of ‘crisis’ Read More »
TAIPEI (Reuters) – Some board members of Taiwan’s central bank noted “persistent” concerns about higher inflation and said more monetary policy tightening could not be ruled out if inflation continued to be high, minutes from its last board meeting showed on Thursday. The central bank, at its quarterly board meeting in December, unanimously decided to …
Taiwan central bank minutes: can’t rule out more tightening if high inflation persists Read More »
By Clare Jim HONG KONG (Reuters) – Chinese property shares rose on Thursday, strengthened by the latest relaxation in credit measures to support the embattled real estate industry, but few market participants expected them to overcome banks’ reluctance to lend. Authorities eased rules for bank loans on commercial property on Wednesday as they sought to …
New rules boost China property shares but could miss the mark, analysts say Read More »
(Reuters) – Foreign investors bolstered their positions in the rising Japanese stock market drawn by a depreciating yen that boosted exporter shares and a robust performance in the chip sector. According to exchange data, foreigners pumped in a net 395.84 billion yen ($2.68 billion) into Japanese stocks during the week to Jan. 19 after a …
International investors fuel further growth in Japanese stock market Read More »
