Reuters Asia Business

By Archishma Iyer (Reuters) – Bearish bets on most Asian currencies solidified on waning optimism of sooner-rather-than-later U.S. rate cuts, although the Indian rupee was an exception by racking up bullish bets for the first time in about six months, a Reuters poll showed on Thursday. Most Asian currencies have been under pressure so far …

Bearish bets on most Asian FX edge higher as US rate cut bets wane: Reuters poll Read More »

By Samuel Shen and Vidya Ranganathan SHANGHAI/SINGAPORE (Reuters) – China’s real estate investment products are tumbling, extending last year’s slump as investors lose hope for a recovery in the economy and property assets such as industrial parks and logistics hubs. Chinese real estate investment trusts (REITs), which issue shares to investors against a portfolio of …

China REITs plumb record lows as economic gloom lingers Read More »

BRASILIA (Reuters) – Brazil President Luiz Inacio Lula da Silva on Wednesday discussed with Japanese Prime Minister Fumio Kishida a potential trade deal between Japan and South American bloc Mercosur, the Brazilian government said in a statement. Lula and Kishida spoke by phone about strengthening trade between Latin America’s largest economy and Japan, according to …

Brazil’s Lula, Japan’s Kishida discuss potential Mercosur trade deal Read More »

JAKARTA (Reuters) – Indonesia in 2023 approved the replanting of 53,012 hectares (130,995.5 acres) of palm oil trees on land owned by smallholder farmers under a subsidised programme, data from the country’s palm oil funding (BPDPKS) agency showed on Wednesday. The size of the replanting increased from 30,759 hectares in 2022, but still fell below …

Indonesia approved 53,012 hectares of palm oil replanting in 2023 Read More »

MILAN (Reuters) -Italy’s biggest insurer Generali on Wednesday said it would acquire full control of a non-life insurance joint-venture in China by buying out local partner CNPC Capital for around 99 million euros ($108 million). Generali said it planned to expand its distribution network in China and bet in particular on green business insurance to …

Italy’s Generali spends $108 million to grow China non-life insurance business Read More »

By Joe Cash BEIJING (Reuters) – China’s exports likely grew more quickly and for a second month in December, a Reuters poll showed, adding to signs global trade is starting to recover thanks to an upturn in the electronics industry and expectations of lower borrowing costs in 2024. Outbound shipments from the world’s second-largest economy …

China’s exports seen improving in December as global trade picks up Read More »