Reuters Asia Business

BEIJING (Reuters) -China’s aviation regulator’s deputy head on Friday told a Boeing executive in Beijing the airplane maker was welcome to deepen its development in the Chinese market. Boeing was welcome to continue to strengthen exchanges and co-operation with the regulator and the aviation industry in China, Civil Aviation Administration of China (CAAC) quoted Hu …

China says Boeing welcome to deepen development in its market Read More »

BEIJING (Reuters) – China’s industry ministry on Friday added five companies to its approved car manufacturers list, including Nio Inc and BMW-backed Spotlight. (Reporting by Beijing Newsroom; Editing by Louise Heavens)

By Leika Kihara TOKYO (Reuters) – Recent weakness in consumption has emerged as a fresh source of concern for Bank of Japan policymakers who are eyeing an exit from negative interest rates, three sources familiar with its thinking said, suggesting market expectations of an imminent rate hike may be over-blown. The yen and Japanese bond …

Softening consumption may delay BOJ’s exit from easy policy Read More »

BEIJING/SHANGHAI (Reuters) – China’s passenger vehicle sales rose 25.5% in November from a year earlier, extending gains to a fourth month, industry data showed on Friday, as automakers stepped up a price battle to meet sales goals. Car sales totalled 2.1 million units last month, data from the China Passenger Car Association (CPCA) showed, while …

China’s Nov car sales rise 25.5% y/y as year-end price battle intensifies Read More »

SEOUL (Reuters) – The U.S. special representative for North Korea Sung Kim will join South Korean automaker Hyundai Motor as an adviser in January, the company said on Friday. Kim, a Korean-American diplomat and a veteran State Department official, also recently ended his term as U.S. ambassador to Indonesia. He was appointed special envoy to …

US envoy for North Korea to join Hyundai Motor as an adviser Read More »

(Reuters) – China’s largest listed steelmaker, Baoshan Iron & Steel (Baosteel), said on Friday it had agreed to buy a 48.6% stake in a steelmaker for 10.7 billion yuan ($1.49 billion) from Shandong Iron & Steel Group. The stake will be in SD Steel Rizhao Co Ltd, based in the northern Chinese city of Rizhao, …

Baosteel agrees to buy steelmaker stake for $1.5 billion Read More »

By Joe Cash BEIJING (Reuters) – China’s new loans are expected to have jumped in November from the previous month and exceeded the year-earlier amount, a Reuters poll showed, as the central bank works to shore up confidence and demand across the world’s second-largest economy. Chinese banks are estimated to have issued 1.3 trillion yuan($181.72 …

China’s Nov new yuan loans seen rising on policy support: Reuters Poll Read More »