Reuters Asia Business

By Selena Li HONG KONG (Reuters) – Deutsche Bank is investing more in Asia Pacific markets to woo clients seeking European lenders amid Sino-U.S. tensions and to profit from the region’s higher economic growth compared to other major markets, its chief said. “From a capital allocation, technology allocation and a people allocation perspective, there is …

Deutsche Bank boosts Asia bets as clients seek Wall Street alternative -CEO Read More »

BEIJING (Reuters) – China’s new yuan loans are expected to dip in October from the previous month because of seasonal factors, a Reuters poll showed, but the expected lending may exceed the year-earlier amount as the central bank sought to spur economic growth. Chinese banks are estimated to have issued 665 billion yuan ($91.29 billion) …

China’s Nov new yuan loans seen retreating, policy support in place: Reuters poll Read More »

By Leika Kihara TOKYO (Reuters) -Some Bank of Japan policymakers last month called for the need to start phasing out massive stimulus and lay the groundwork for a future exit from ultra-low interest rates, a summary of opinions at their October meeting showed on Thursday. The discussions highlight how the BOJ is looking to exit …

BOJ debated groundwork for future easy-policy exit at Oct meeting Read More »

By Makiko Yamazaki and Miho Uranaka TOKYO (Reuters) -Japan’s Mizuho Financial Group will purchase shares worth $575 million in Rakuten Group’s securities unit – a major boost for the e-commerce giant’s battered finances, particularly as the unit’s IPO has been delayed. The 87 billion yen investment, to be made through Mizuho’s securities unit, will lift …

Struggling Rakuten gains $575 million with sale of securities unit stake to Mizuho Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Google’s YouTube and TikTok will be asked by EU industry chief Thierry Breton to explain how they protect children from illegal and harmful content on their platforms in line with new EU rules, a person with direct knowledge of the matter told Reuters on Wednesday. The move by Breton …

Exclusive-YouTube, TikTok face EU requests for details on measures protecting minors Read More »

SAO PAULO (Reuters) – China’s state-run food group COFCO International and Modern Farming Group, which makes milk products, have signed an agreement “to supply and accept soybeans” coming from sustainable areas of production in Brazil, the world’s top supplier of the oilseed. According to a statement from the World Economic Forum’s Tropical Forest Alliance on …

China’s COFCO, Modern Farming Group sign ‘deforestation free’ soybean deal Read More »

By Rodrigo Campos NEW YORK (Reuters) – Foreigners pulled money out of emerging market portfolios for a third consecutive month in October, with $17.2 billion in outflows from stocks and $13.8 billion poured into debt, mainly in local markets, a Washington-based banking trade group said on Wednesday. The net $3.4 billion outflow in October followed …

Foreigners pull money from emerging market portfolios in October Read More »