Reuters Asia Business

BEIJING (Reuters) – China’s youth employment is generally stable and continues to improve, the state-owned Xinhua News agency reported on Monday, citing an interview with Minister of Human Resources and Social Security Wang Xiaoping. The country added 10.22 million new urban jobs in the first nine months, achieving 85% of the annual goal, official data …

China’s youth employment generally stable, continues to improve – state media Read More »

(Reuters) – Electric vehicle maker Polestar said on Monday that it had signed an agreement with South Korean battery manufacturer SK On for the supply of battery cell modules for its upcoming Polestar 5 EV. (Reporting by Gokul Pisharody in Bengaluru; Editing by Sonia Cheema)

(Reuters) -Japanese trading house Itochu posted a 14.5% drop in six-month net profit on Monday but raised its full-fiscal year profit forecast on stronger expectations for its machinery business and the weaker yen. Other big Japanese trading houses, including Mitsui, Mitsubishi, Marubeni and Sumitomo, also raised their forecasts last week on the weaker yen and …

Japan’s Itochu raises profit forecast on strong machinery business Read More »

BANGKOK (Reuters) – Thailand’s headline consumer price index (CPI) declined for the first time in more than two years, thanks to falling energy prices due to government support measures and lower food prices, the commerce ministry said on Monday. The headline CPI fell 0.31% in October from a year earlier, the first drop since August …

Thai headline CPI falls for first time in more than 2 years Read More »

SHANGHAI (Reuters) -China recorded its first-ever quarterly deficit in foreign direct investment (FDI), according to balance of payments data, underscoring Beijing’s challenge in wooing overseas companies in the wake of a “de-risking” move by Western governments. Direct investment liabilities – a measure of FDI – were a deficit of $11.8 billion during the July-September period, …

China’s first deficit in foreign investment signals West’s ‘de-risking’ pressure Read More »

By Muyu Xu, Trixie Yap and Chen Aizhu SINGAPORE (Reuters) – China’s oil refinery utilisation rates are easing from record third-quarter levels as thinning margins and a shortage of export quotas discourage plants from raising output for the rest of 2023, according to traders and industry consultancies. The drop in refining output could reduce crude …

China refiners cut oil output as thin margins, quota shortage bite Read More »

BEIJING, China (Reuters) – China will accelerate the issuance and use of government bonds, state-run news agency Xinhua reported on Sunday citing an interview with new finance minister Lan Foan. The finance ministry will steadily promote the resolution of local government debt risk and increase efforts to better leverage the role of special bonds to …

China to accelerate issuance of government bonds, finance minister says Read More »

TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker and a major Apple supplier, on Sunday stuck to its previous outlook of strong year-end holiday sales, and said customers were buying well in China and the United States. The fourth quarter is traditionally the hot season for Taiwan’s tech companies as they race to …

Foxconn sticks to strong end-of-year sales outlook Read More »