Reuters Asia Business

By Tom Westbrook SINGAPORE (Reuters) – China’s patchy economic growth and a renewed slump in home sales have redoubled investors’ resolve to steer clear of the country’s markets, sending shares tumbling as foreigners quit in the absence of fresh policy support. Gross domestic product growth was 5.2% for 2023, hitting Beijing’s target and market expectations. …

Analysis-Weak data, limited stimulus keep investors away from China Read More »

By Kevin Yao and Ellen Zhang BEIJING (Reuters) -China’s economy grew 5.2% in 2023, slightly more than the official target, but the recovery was far shakier than many analysts and investors expected, with a deepening property crisis, mounting deflationary risks and tepid demand casting a pall over the outlook for this year. Expectations that the …

China’s 2023 GDP shows patchy economic recovery, raises case for stimulus Read More »

By Jeslyn Lerh SINGAPORE (Reuters) – Marine biofuel demand at the world’s largest bunker hub Singapore could potentially double by 2025 to almost 1 million metric tons from 2023 levels as shippers seek to cut emissions, a senior TotalEnergies executive said. More shipping companies have been conducting refuelling trials using marine biofuel as an alternative …

Singapore’s marine biofuel demand could double by 2025 -TotalEnergies exec Read More »

BEIJING (Reuters) – China’s crude steel output in 2023 was flat from a year earlier, official data showed on Wednesday, steadying after two years of decline, as resilient demand and the lack of a government cap on output allowed mills to boost operating rates. The world’s largest steel manufacturer produced about 1.02 billion metric tons …

China’s 2023 crude steel output halts two-year downturn Read More »

BEIJING (Reuters) – China’s President Xi Jinping on Tuesday stressed the high-quality development of China’s financial sector and vowed to accelerate the creation of a modern financial system with Chinese characteristics, the Xinhua News Agency reported. Xi made the remarks at the opening of a study session at the Party School of the CPC Central …

China’s Xi stresses high-quality development of financial sector – state media Read More »

TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida’s cabinet decided on Tuesday to double the planned amount of emergency budget reserves for fiscal 2024/25 to help recovery from the deadly Noto peninsula quakes, government officials said on Tuesday. The magnitude 7.6 earthquake devastated the Noto peninsula, northwest from Tokyo, on New Year’s Day, leaving over …

Japan doubles planned emergency budget reserves to back Noto quake relief Read More »

By Trixie Yap SINGAPORE (Reuters) – China’s oil products exports are set to rebound in January as refiners, armed with fresh quotas, boost diesel shipments and jet fuel sales for peak Lunar New Year travel, estimates from traders and analysts showed. Resurgent fuel exports from China, which overtook the United States to become the world’s …

China to boost January diesel, jet fuel exports, add to global supply Read More »

TOKYO (Reuters) – Fast Retailing said on Tuesday its Uniqlo unit filed a lawsuit in Japan against the operators of Shein, claiming the Chinese fashion company copied its round mini shoulder bag. The petition was filed on Dec. 28 in the Tokyo District Court against Roadget Business Pte, Fashion Choice Pte, and SHEIN JAPAN, Fast …

Uniqlo sues Shein in Japan over sale of round shoulder bag Read More »