Reuters Asia Business Archives - Page 1311 of 1372

Crypto crime hit record $14 billion in 2021, research shows

6 Jan 2022 6 Jan 2022

By Tom Wilson LONDON (Reuters) – Crime involving cryptocurrencies hit an all-time high of $14 billion last year, blockchain researcher Chainalysis said on Thursday, a record that comes as regulators call for more powers over the fast-growing sector. Crypto received by digital wallet addresses linked to illicit activity including scams, darknet markets and ransomware jumped …

Crypto crime hit record $14 billion in 2021, research shows Read More »

Uzbekistan temporarily suspends gas exports to cover domestic needs – ifx

6 Jan 2022 6 Jan 2022

LONDON (Reuters) – Uzbekistan has halted exports of natural gas in order to meet domestic energy needs, the Interfax agency reported on Thursday. The announcement comes as protests rage in neighbouring Kazakhstan, spurred initially by gas price hikes. “For now, exports of gas have been completely halted and all the volumes are being directed towards …

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HSBC, UBS order Hong Kong office changes as COVID cases rise

6 Jan 2022 6 Jan 2022

By Scott Murdoch HONG KONG (Reuters) -Banks in Hong Kong including HSBC Holdings Plc and UBS Group AG are taking steps to reduce the number of people at the workplace after having operated at near full capacity for the past few months, as the city faces a spike in COVID-19 cases. HSBC, which is one …

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Indonesia coal miners seek export ban exemptions as costs grow

6 Jan 2022 6 Jan 2022

JAKARTA (Reuters) – Major Indonesian coal miners have sought exemptions from a coal export ban put in place at the start of the year as the costs of having scores of ships stranded offshore continue to mount. The world’s biggest thermal coal exporter implemented the ban to avoid domestic power outages, triggering concerns for its …

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Dollar near five-year high to yen as U.S. yields surge on hawkish Fed

6 Jan 2022 6 Jan 2022

By Kevin Buckland TOKYO (Reuters) – The dollar hovered near a five-year high to the yen on Thursday, supported by a surge in U.S. Treasury yields on rising bets for a Federal Reserve rate hike by March. The greenback stood at 116.115 yen, little changed from Wednesday, when it rallied back toward Tuesday’s high of …

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Chinese banks’ bad-loan ratio at 1.89% as of end-Nov, says regulator

6 Jan 2022 6 Jan 2022

BEIJING (Reuters) – China banking institutions saw their combined bad-loan ratio stand at 1.89% at end of November, the sector’s regulator said in Beijing on Thursday. The outstanding property loans by the end of November increased 8.4% compared to the same period last year, the regulator added. (Reporting by Cheng Leng, Zhang Yan and Ryan …

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Indonesia’s Indo Tambangraya Megah declares force majeure over coal export ban

6 Jan 2022 6 Jan 2022

JAKARTA (Reuters) – Indonesian coal miner Indo Tambangraya Megah (ITM) has declared force majeure due to the country’s export ban implemented since the start of the year to avoid power domestic power outages, the company said on Thursday. “The company has communicated this policy to all affected business partners of ITM Group,” director Yulius Gozali …

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Vietnam car maker VinFast to build U.S. battery factory as it goes all-electric

6 Jan 2022 6 Jan 2022

By Hyunjoo Jin SAN FRANCISCO (Reuters) -Vietnam’s VinFast plans to build electric vehicle battery cells and packs in a new U.S. manufacturing complex, its global chief executive told Reuters, as the company pledged to transform itself into an all-electric automaker by the end of this year. VinFast, part of Vingroup JSC, the largest conglomerate in …

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Asahi’s flagship Super Dry beer to undergo biggest makeover in 35 years

6 Jan 2022 6 Jan 2022

TOKYO (Reuters) – Japan’s Asahi Group Holdings said on Thursday it was making the first “full renewal” of its flagship Super Dry beer brand since its debut in 1987, modifying the taste and look of the brew. The brewing method will be tweaked to give Super Dry a more distinctive, “faint-hop” aroma, the company said …

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Philippine cbank says monetary policy to stay prudent and flexible

6 Jan 2022 6 Jan 2022

MANILA (Reuters) – Philippine monetary policy will continue to be prudent as well as flexible so it can respond to uncertainties, the country’s central bank governor said on Thursday. Bangko Sentral ng Pilipinas Governor Benjamin Diokno also said in a news conference while the timing of exit from the central bank’s easy policy “remains very …

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Reuters Asia Business﻿﻿

Reuters Asia Business