Reuters Asia Business

(Reuters) – Foreign investors significantly increased their bond purchases in key Asian markets in November, driven by a notable drop in U.S. Treasury yields and a shift in expectations for potential Federal Reserve rate cuts. Foreign investors made their largest monthly net purchase since May, buying a total of $6.36 billion in South Korean, Indian, …

Foreign investors boost Asian bond buys in November amid US rate cut signals Read More »

By Orathai Sriring and Chayut Setboonsarng BANGKOK (Reuters) -Thailand’s current policy rate at a neutral level remains appropriate for the economy, while inflation is expected to gradually increase to within a target range, central bank officials said on Wednesday. The policy rate, standing at a decade high of 2.50%, can see off both upside and …

Thai key rate still appropriate for economy, inflation to move to target -central bank Read More »

By Hyunsu Yim SEOUL (Reuters) – A South Korean academic group said on Wednesday that claims by some researchers in the country that a practical superconductor had been discovered were “baseless”, citing the group’s inability to replicate the results. Superconductors are materials that allow electrical current to flow with no resistance, a property that would …

Superconductor claims are ‘baseless’ say South Korean experts Read More »

PARIS (Reuters) – The capital loss resulting from Renault’s disposal of a first chunk of its stake in Nissan will amount to around 1 billion euros ($1.08 billion) after the transaction was executed via a share buyback, the French company said on Wednesday. The figure is significantly lower than the “up to 1.5 billion euro” …

Renault capital hit from partial Nissan stake sale lower than initial estimate Read More »

By Ruma Paul DHAKA (Reuters) – Bangladesh needs to tighten its monetary policy and have greater exchange rate flexibility to help contain high inflation, the International Monetary Fund said on Wednesday as its board cleared the first review of the country’s $4.7 billion bailout. Sharply rising living costs have sparked violent protests in recent months …

IMF board clears first review of Bangladesh’s $4.7 billion bailout Read More »

By Uditha Jayasinghe COLOMBO (Reuters) – The International Monetary Fund (IMF) said its executive board cleared the first review of Sri Lanka’s about $3 billion bailout on Tuesday, providing about $337 million in funds to help tackle the fallout from the country’s worst financial crisis in decades. The South Asian island nation is recovering from …

IMF board approves first review of Sri Lanka’s nearly $3 billion bailout Read More »

By Casey Hall and Emma Rumney SHANGHAI (Reuters) – French spirits maker Pernod Ricard launched The Chuan pure malt whisky in China on Tuesday, the first product released by its local distillery in southwestern Sichuan province. Pernod Ricard’s Chinese-made malt whisky will be distributed throughout the country from Wednesday, priced from 888 yuan ($123.74). According …

Pernod Ricard takes aim at Chinese market with locally made whisky Read More »