Reuters Asia Business

BEIJING (Reuters) – China will use “all strengths” to accelerate the advancement and use of agricultural technology to secure higher productivity and a stable supply of crops, the agriculture ministry said on Thursday. “It is necessary to intensify the application of research and development, leave no stone unturned to accelerate high-yield and high-oil soybeans, breakthrough …

China to speed up innovation, use of farm technology to hit higher productivity goals Read More »

By Scott Murdoch SYDNEY (Reuters) – Asia’s dealmakers are hoping for a 10% increase in dollar bond issuance in 2024 as interest rates stabilise and companies beef up borrowing to fund capital spending plans, following the weakest year for debt markets in eight years. The first few days of 2024 have brought a rush of …

Dealmakers bank on stable rates to revive Asian dollar bond issuance in 2024 Read More »

By Leika Kihara TOKYO (Reuters) -Japan’s central bank governor on Thursday voiced hopes for sustained inflation and wage growth this year, even as concerns over a recent earthquake hit stocks and led some analysts to trim bets of a near-term exit from ultra-low interest rates. “Last year, there has been some shift away” from Japan’s …

BOJ’s Ueda keeps wage hike hopes, quake dampens bet of January policy shift Read More »

SEOUL (Reuters) – Hong Kong’s Cathay Pacific Airways said on Thursday it was evaluating options for new orders of mid-sized widebody aircraft, after a recent run of purchases to renew its fleet. Bloomberg on Wednesday reported Cathay had issued a so-called request for information from Airbus and Boeing for new aircraft to replace some of …

Cathay Pacific in market for new mid-sized widebody planes Read More »

By Jihoon Lee SEOUL (Reuters) – South Korea’s government will put its focus on supporting people’s livelihoods and managing risk factors, as it cut the country’s 2024 GDP forecast and raised its inflation projection. In its biannual economic policy plan released on Thursday, the finance ministry expected the economy to grow 2.2% in 2024, down …

South Korea sees slower economic recovery, inflation cooldown Read More »

LONDON (Reuters) -U.S. insurer AIG was the lead insurer on a $130 million “all-risks” policy for the Japan Airlines airplane which collided with another plane at Tokyo’s Haneda airport, two insurance industry sources said on Wednesday. AIG declined to comment. All 379 people aboard the Japan Airlines Airbus A350 escaped after a collision with a …

U.S. insurer AIG leads policy for Japan Airlines plane -sources Read More »

By Praveen Paramasivam and Phuong Nguyen CHENNAI/HANOI (Reuters) -Vietnamese electric vehicle maker VinFast is set to open its first Indian manufacturing facility, where it will make batteries, in the southern state of Tamil Nadu, three people familiar with the matter said. The company will make batteries for EVs at the plant in the city of …

Vietnam’s VinFast to set up EV battery plant in India -sources Read More »

(Reuters) – Toyota Motor North America on Wednesday reported a 6.6% rise in annual U.S. auto sales, benefiting from strong demand for its affordable sedans and crossover SUVs. The company, a unit of Toyota Motor Corp, sold 2.25 million vehicles in 2023, compared with about 2.1 million units a year earlier. Sales of Toyota’s electrified …

Toyota’s 2023 US sales rise 6.6% Read More »

MOSCOW (Reuters) – Russian energy giant Gazprom said on Wednesday it set a new daily record the previous day for gas supplies to China through the Power of Siberia pipeline. Gazprom did not provide a figure for the new daily record but said total gas exports to China via the pipeline amounted to 22.7 billion …

Russia’s Gazprom breaks daily record for gas supply to China Read More »

SHANGHAI (Reuters) -Chinese gaming stocks rose on Wednesday to outperform a weak broader market, after Reuters reported China removed a gaming regulatory official. China’s CSI Anime Comic Game Index gained as much as 3.1% in early trading, against a 0.3% drop in the broad market. China removed Feng Shixin from a government body overseeing its …

China’s gaming stocks climb on report regulatory official removed Read More »