Reuters Asia Business

HONG KONG/BEIJING (Reuters) -China’s central bank governor said on Tuesday that monetary policy will remain accommodative to support the economy, but he urged structural reforms over time to reduce a reliance on infrastructure and property for growth. Pan Gongsheng told the HKMA-BIS High-Level Conference in Hong Kong that economic momentum in recent months suggested China …

China’s central bank head pledges to support growth, urges reforms Read More »

By Lewis Jackson SYDNEY (Reuters) – Five years after they first requested money from a A$4.2 billion ($2.73 billion) commercial property fund run by developer Lendlease, investors have agreed to further delay the payment deadline to next year, a source said on Monday, as a glum real estate market slows sales. The Lendlease Australia Prime …

Investors agree to further redemptions delay at $2.1 billion Lendlease Australian property fund-source Read More »

By Chris Prentice and Hannah Lang (Reuters) -Former Binance chief Changpeng Zhao must stay in the United States for the time being, a federal judge said on Monday, after the founder of the world’s largest cryptocurrency exchange pleaded guilty to violating U.S. anti-money laundering laws. Zhao will be required to stay in the United States …

Former Binance CEO Changpeng Zhao must stay in US for time being, judge says Read More »

COLOMBO (Reuters) -Sri Lanka on Monday approved a proposal by China’s Sinopec to build a $4.5 billion refinery, its energy minister said, making it the largest single investment in the island nation since a crippling economic crisis last year. The cabinet approval cleared the state-owned refiner to finalise project details and sign an agreement with …

Sri Lanka approves Sinopec’s $4.5 billion refinery proposal Read More »

BEIJING (Reuters) -China’s central bank on Monday said it would fend off systemic risks to the economy and use forceful and targeted monetary policy to better support domestic demand. In its quarterly policy implementation report, the bank laid out the general direction of financial policy and said it would use a variety of monetary tools …

China’s central bank pledges to support domestic demand Read More »

By Elena Fabrichnaya, Nidhi Verma and Dmitry Zhdannikov MOSCOW/DELHI (Reuters) – One of Russia’s most lucrative oil trade routes since the imposition of Western sanctions over the Ukraine conflict faces a major challenge because of the drawbacks of payment in currency other than dollars, with no short-term solution in sight. For decades, the U.S. dollar …

Currency clashes sour Russia’s oil trade with Asia Read More »