By Kevin Buckland TOKYO (Reuters) – Japan’s Nikkei share average rallied to a fresh 34-year peak on Monday as the U.S. S&P 500’s record-high close on Friday buoyed investor sentiment, despite continued signs of overheating in the Asian market. After opening sharply higher, the Nikkei fell back a bit in the morning session before rising …
Japan’s Nikkei scales 34-year peak on Wall Street record Read More »
TAIPEI (Reuters) -A pilots’ union on Monday voted to strike at Taiwan’s Eva Airways in a dispute over salaries and working conditions, raising the prospect of industrial action that could impact flights over the crucial Lunar New Year holidays next month. Taoyuan Union of Pilots says Eva has not raised salaries enough and has been …
Union votes to strike at Taiwan’s Eva Air in salary, conditions dispute Read More »
BEIJING (Reuters) – Saudi Basic Industries Corp (SABIC) will go ahead with building a petrochemical complex in southeastern China’s Fujian province, the company said in an exchange filing on Sunday, shoring up Saudi ties with China, the world’s top oil importer. The project, expected to cost around $6.4 billion, will be developed in a joint …
Saudi’s SABIC gives go-ahead for $6.4 billion China petrochemical plant Read More »
SEOUL (Reuters) – South Korea will take steps to make its financial markets more investor friendly and attractive to foreigners, the financial regulator said on Monday. The comments by vice chairman of the Financial Services Commission (FSC), Kim So-young, came at a meeting with foreign financial firms in Seoul to discuss ways of helping them …
South Korea to make financial markets more attractive, regulator says Read More »
TOKYO (Reuters) – Japan’s primary budget balance is expected to remain in the red in the fiscal year 2025/26 when policymakers had hoped to achieve a surplus, the Cabinet Office estimates showed, highlighting the stiff costs of servicing a record public debt. The primary balance – a key measure of how much Japan’s national and …
Japan seen missing primary budget surplus target in FY2025 Read More »
JAKARTA (Reuters) – A fire broke out at a nickel smelter in eastern Indonesia, an official said on Saturday, less than a month after a fire at the same industrial park killed 21 people. No workers were injured in the late Friday furnace fire at the smelter in Morowali, operated by Sulawesi Mining Investment, said …
Another fire at nickel smelter in Indonesia’s Sulawesi, no injuries Read More »
MANILA (Reuters) – Philippine central bank Governor Eli Remolona said on Saturday that supply shocks could derail the bank’s forecast that inflation will decelerate back to its target range. The Southeast Asian economy is “not out of the woods yet” as supply shocks could trigger second-round effects and heighten inflation expectations, the Bangko Sentral ng …
Philippine cbank: supply shocks could keep inflation above target Read More »
BEIJING (Reuters) – China’s coal imports from Australia picked up in 2023 after a ban of nearly two years was lifted, but they remained below pre-ban levels as the supplier tries to regain market share from cheaper competitors Mongolia and Russia. China imported 52.47 million metric tons of Australian coal in 2023, customs data showed …
China’s 2023 coal imports from Australia rise, but below pre-ban era Read More »
By Andrew Hayley BEIJING (Reuters) – Russia leapfrogged Saudi Arabia to become China’s top crude oil supplier in 2023, data showed on Saturday, as the world’s biggest crude importer defied Western sanctions to purchase vast quantities of discounted oil for its processing plants. Russia shipped a record 107.02 million metric tons of crude oil to …
China defies sanctions to make Russia its biggest oil supplier in 2023 Read More »
By Chris Prentice, Jody Godoy and Hannah Lang (Reuters) -Binance is due to square off against the U.S. Securities and Exchange Commission (SEC) in a Washington courtroom next week, in another high-profile hearing involving the agency and a crypto exchange that could define how cryptocurrencies are regulated. The world’s largest crypto exchange previously asked federal …
Binance to face off against US securities regulator in court Read More »
