Reuters Asia Business Archives - Page 1308 of 1371

Indonesia forex reserves fall to $144.9 billion in Dec -central bank

7 Jan 2022 7 Jan 2022

JAKARTA (Reuters) – Indonesia’s foreign exchange reserves dropped by $1 billion in December to $144.9 billion, due to payments of offshore public debt, the central bank said in a statement on Friday. The reserve level was equal to 8 months of imports and was sufficient to support Indonesia’s external, macroeconomics and financial markets stability, Bank …

Indonesia forex reserves fall to $144.9 billion in Dec -central bank Read More »

China postal authority proposes changes to country’s express delivery rules

7 Jan 2022 7 Jan 2022

By Brenda Goh SHANGHAI (Reuters) – China’s postal authority on Friday proposed revisions to the measures by which the country governs its express delivery market, which includes ones aimed at stamping out unfair competition and improving the protection of employee rights. The State Post Bureau said in a statement published on its website that it …

China postal authority proposes changes to country’s express delivery rules Read More »

China targets over 270 civil airports by 2025 – aviation regulator

7 Jan 2022 7 Jan 2022

BEIJING (Reuters) – China will aim to have over 270 civil airports by 2025, part of the next five-year development plan for the aviation sector, Han Jun, an official with the aviation regulator, told an online press conference on Friday. As at the end of 2020, China had 241 civil airports. (Reporting by Stella Qiu …

China targets over 270 civil airports by 2025 – aviation regulator Read More »

Singapore SPAC Vertex Technology set for local listing on Jan 21 – source

7 Jan 2022 7 Jan 2022

SINGAPORE (Reuters) – A Singapore special-purpose acquisition company (SPAC) backed by state investor Temasek’s Vertex Venture Holdings has started the book building for its initial public offering (IPO) and is set to list in the city-state on Jan. 21, a source with knowledge of the matter said on Friday. Vertex Technology Acquisition Corp (VTAC), a …

Singapore SPAC Vertex Technology set for local listing on Jan 21 – source Read More »

Shimao Group shares slump, trading of flagship unit’s bonds paused

7 Jan 2022 7 Jan 2022

SHANGHAI (Reuters) – Shares of Shimao Group Holdings trading in Hong Kong fell on Friday as well as the price of bonds issued by its flagship unit, prompting the Shanghai Stock Exchange to suspend trading of three of the bonds. Shimao Group shares fell more than 17% in early trade in Hong Kong. A July …

Shimao Group shares slump, trading of flagship unit’s bonds paused Read More »

INCE completes $700 million VC fundraising amid China tech crackdown

7 Jan 2022 7 Jan 2022

SHANGHAI (Reuters) – China-focused venture capital (VC) firm INCE Capital said it had secured $700 million in commitments for two dollar-denominated funds, indicating global investors were not entirely deterred by Beijing’s regulatory crackdown on the tech sector. INCE’s latest fundraising got strong support from global institutional investors, including Duke University, Carnegie Mellon University, University of …

INCE completes $700 million VC fundraising amid China tech crackdown Read More »

China central bank makes biggest weekly cash withdrawal since Nov

7 Jan 2022 7 Jan 2022

SHANGHAI (Reuters) – China’s central bank injected minimal cash via short-term loans into the banking system on Friday, effectively withdrawing most of the liquidity support lent towards end-2021. The People’s Bank of China (PBOC) injected 10 billion yuan ($1.57 billion) worth of seven-day reverse repos, compared with 110 billion yuan of such loans expiring on …

China central bank makes biggest weekly cash withdrawal since Nov Read More »

Japan’s household spending extends declines, raises recovery doubts

7 Jan 2022 7 Jan 2022

By Daniel Leussink TOKYO (Reuters) – Japan’s household spending posted an annual drop for the fourth straight month in November, a weaker-than-expected reading that threw into doubt hopes that a consumer demand recovery will give a major boost to the economy in the final quarter of 2021. Household spending fell 1.3% in November from a …

Japan’s household spending extends declines, raises recovery doubts Read More »

Chinese national pleads guilty in U.S. court to stealing trade secrets

6 Jan 2022 6 Jan 2022

WASHINGTON (Reuters) -A Chinese national pleaded guilty on Thursday in Missouri federal court to conspiring to steal trade secrets from agricultural company Monsanto to benefit the Chinese government, the U.S. Justice Department said. Xiang Haitao, who was employed by Monsanto and a subsidiary from 2008 to 2017, pleaded guilty to one count of conspiracy to …

Chinese national pleads guilty in U.S. court to stealing trade secrets Read More »

Japan Nov real wages fall for 3rd month as inflation hits stagnant nominal pay

6 Jan 2022 6 Jan 2022

TOKYO (Reuters) – Japan’s real wages fell in November for a third month as inflation outstripped stagnant nominal wages, a government data showed. The data came days after Japanese Prime Minister Fumio Kishida called on business lobbies and unions to work together to raise workers’ wages, to achieve a cycle of economic growth and wealth …

Japan Nov real wages fall for 3rd month as inflation hits stagnant nominal pay Read More »

Reuters Asia Business﻿﻿

Reuters Asia Business