By Summer Zhen HONG KONG (Reuters) – China and broader emerging Asia market stocks were among the most net sold regions by global hedge funds in November, Goldman Sachs said, as fund managers further reduced exposure to the world’s second-largest economy. Chinese equities saw net outflow from long/short fund managers for a fourth successive month, …
Global hedge funds further offloaded Chinese stocks in Nov Read More »
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – The Tokyo stock bourse’s rare call for better capital efficiency has made Japanese companies scrambling to compile action plans to avoid being seen as laggards, the chief of Mizuho Financial Group’s trust banking unit told Reuters. “There has been a sense of urgency brewing among companies” …
Mizuho sees ‘urgency’ as Japan Inc scurries to bolster capital in line with TSE Read More »
LONDON (Reuters) – The Asian Infrastructure Investment Bank will host the next meeting of ‘Finance in Common’, a network of public development banks, in 2024 – the first time the event will be held in the Asia. Finance in Common said in a statement released during the COP28 climate talks in Dubai that it had …
COP28: AIIB to host 2024 global summit of public development banks Read More »
BANGKOK (Reuters) – Thailand’s cabinet has approved a budget of 7.9 billion baht ($226.36 million) in incentives for sugarcane farmers not to burn their crops, and reduce pollution, a government spokesperson said on Monday. Radklao Inthawong Suwankiri said the incentives do not conflict with Thailand’s obligations under the World Trade Organization because they were aimed …
Thailand approves $226 million budget for sugarcane farmers Read More »
BENGALURU (Reuters) – Japanese electronic parts maker TDK Corp will manufacture lithium ion (li-ion) battery cells for Apple iPhones in India, a minister said on Monday. Apple has been touting India as its next big growth driver as it looks to move some production away from China. It began assembling iPhones in the country in …
Japan’s TDK Corp to manufacture iPhone battery cells in India – minister Read More »
By Cynthia Kim and Soo-hyang Choi SEOUL (Reuters) -South Korean President Yoon Suk Yeol on Monday nominated former chief economic advisor Choi Sang-mok to be the country’s next finance minister, with the incumbent widely expected to step down to run for election. Choi, who is replacing Choo Kyung-ho, will need to maintain economic momentum ahead …
S.Korea’s Yoon picks veteran technocrat Choi to spearhead economy ahead of vote Read More »
By Simon Jessop and David Lawder DUBAI (Reuters) – Indonesia and the Asian Development Bank have agreed a provisional deal with the owners of the Cirebon-1 coal-fired power plant to shutter it almost seven years earlier than planned, a principal energy specialist for climate change at the ADB told Reuters. The deal, announced during the …
Indonesia, ADB, owners agree to shutter first coal-fired power station early Read More »
BEIJING (Reuters) – China is likely to implement proactive fiscal policy next year as there is still a need for the world’s second-biggest economy to realise stable growth, a former central banker was cited as saying in state-owned media on Sunday. The comment comes as the economy struggles for momentum after being hobbled by lengthy …
China has more space to cut reserve ratio instead of interest rates, says ex-official Read More »
BEIJING (Reuters) – A key Chinese financial regulator said on Sunday it would accelerate reform of small and midsize financial institutions as it steps up its oversight of the sector. The National Financial Regulatory Administration (NFRA) will collaborate with the General Administration of Financial Supervision to tighten supervision of the financial industry other than the …
China regulator to speed reform of smaller financial institutions Read More »
TOKYO (Reuters) – Japan has yet to achieve price gains driven by higher wages with the recent rise in inflation driven by cost-push factors, Bank of Japan board member Asahi Noguchi said on Saturday, suggesting it was premature to retreat from ultra-loose monetary policy. “It’s true the impact of elevated global inflation is reaching Japan’s …
BOJ’s Noguchi: Japan yet to achieve wage-driven rise in inflation Read More »
