By Asif Shahzad ISLAMABAD (Reuters) -The IMF said on Wednesday it had reached a staff-level agreement with Pakistan on the first review of a $3 billion bailout, which will unlock $700 million in funding for the country. Ahead of the bailout in July, Pakistan had to undertake a slew of measures demanded by the International …
IMF says Pakistan set to receive $700 million after review success Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S.-listed exchange traded funds focused on China are seeing bullish options activity as investors await U.S. President Joe Biden’s meeting with Chinese leader Xi Jinping on Wednesday for signs of easing friction between the two superpowers. Some of the bullish positions included call options on the Xtrackers …
China-linked ETFs draw bullish options bets ahead of Biden-Xi meet Read More »
(Reuters) – Solar panel maker Maxeon Solar Technologies’ unit filed patent infringement lawsuits against China’s Shanghai Aiko Solar and its subsidiaries in a German court, alleging violation of its European patent for solar cell architectures. Singapore-headquartered Maxeon said on Wednesday its proprietary and fundamental solar cell architectures for rear or back contact solar cells, called …
Singapore’s Maxeon Solar sues Aiko Solar for patent infringement Read More »
TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida on Wednesday asked business leaders to raise wages in next year’s spring labour negotiations to a level higher than this year’s against the backdrop of rising prices. Kishida spoke during a meeting with business leaders and labour unions at the Prime Minister’s Office. (Reporting by Kentaro Sugiyama; …
Japan’s Kishida wants businesses to make higher wage hikes next year Read More »
BEIJING (Reuters) – China’s fiscal revenue grew 2.6% in October from a year earlier, after a 1.3% fall in September, marking the first monthly growth since July, according to Reuters calculations based on finance ministry figures on Wednesday. But other data released on Wednesday pointed to an unbalanced economic recovery as October industrial output and …
China’s fiscal revenue up in October amid tentative recovery Read More »
By Rocky Swift TOKYO (Reuters) -Visitors to Japan exceeded pre-pandemic levels in October, official data showed on Wednesday, marking a full recovery in arrivals for the first time since the relaxation of border controls last year. The number of foreign visitors for business and leisure rose to 2.52 million last month from 2.18 million in …
Japan sees 2.52 million visitors in Oct, exceeding pre-COVID levels Read More »
(Reuters) -JD.com on Wednesday reported quarterly revenue below estimates, but posted a surge in profit as supply chain challenges eased. U.S.-listed shares of the Chinese ecommerce firm rose 5.6% in premarket trading. “JD’s record profitability for the quarter and healthy cash flow reflects our successful business evolvement and supply chain strengths,” said Chief Financial Officer …
China’s JD.com posts higher third-quarter profit on easing supply chain woes Read More »
(Reuters) -Japan’s Tsuruha Holdings Inc is considering selling the entire company for about $4 billion or even more, after a proxy battle with activist investor Oasis Management, Bloomberg News reported on Wednesday, citing people familiar with the matter. The drug store chain operator is working with an adviser on the potential transaction and has contacted …
Japan’s Tsuruha weighs sale after proxy battle with Oasis – Bloomberg News Read More »
BEIJING (Reuters) – China’s government land sales revenue fell at a faster pace in October, official data showed on Wednesday, adding to fiscal strains on the country’s local governments as cash-strapped property developers remain cautious about buying more land. Revenue from land sales fell 25.4% in October from a year earlier, extending a decline of …
China land sales revenue falls at faster pace, squeezing local governments Read More »
By Leika Kihara TOKYO (Reuters) – The Bank of Japan has stepped up its drum beat of hawkish comments over the past week, in a series of communications that insiders say is priming markets for an end to negative interest rates, which could happen in the first few months of next year. The distinct change …
Analysis-BOJ’s hawkish rhetoric signals chance negative rates may end soon Read More »
