Reuters Asia Business

By Daniel Leussink and Maki Shiraki TOKYO (Reuters) -Japanese automakers are taking a hard look at their electric vehicle battery procurement strategies, with some aiming to limit risks where possible, executives said on Wednesday, following China’s planned move to curb exports of graphite. China, the world’s largest producer and exporter of the key material used …

Japan’s automakers look at battery procurement after China graphite move Read More »

By Siyi Liu and Chen Aizhu BEIJING/SINGAPORE (Reuters) -China has set a minimum size for new oil refineries and will ban small crude processors that claim to be chemicals or bitumen producers under its plan to limit total capacity at 1 billion metric tons by 2025, its state planner said on Wednesday. China, the world’s …

China sets minimum size for new refiners as it caps overall capacity Read More »

BEIJING (Reuters) – China’s cabinet has restricted the ability of local governments in 12 heavily indebted regions to take on new debt and placed limits on what new state-funded projects they can launch, three sources with knowledge of the matter said. The 12 regions, which cover a wide swathe of the nation, will only be …

Exclusive-China’s cabinet curbs debt growth in 12 “high risk” regions – sources Read More »

By Twinnie Siu and Clare Jim HONG KONG (Reuters) -Buffeted by years of upheaval and China’s economic slowdown, Hong Kong’s leader on Wednesday outlined his annual policy vision focused on kick-starting the ailing property market while further tightening national security laws. The policy blueprint, the second delivered by Chief Executive John Lee since he took …

Hong Kong seeks fresh economic edge while steeling security in policy blueprint Read More »

By Summer Zhen and Xie Yu HONG KONG (Reuters) – Hong Kong’s efforts to revive its shrinking stock market are mere stopgap solutions, as analysts say a reversal in fortunes for Asia’s premier financial hub would not be possible without a major improvement in China’s economic prospects. Hong Kong’s government has for months tried to …

Analysis-China holds the key to Hong Kong’s shrinking stock market Read More »

(Reuters) -Chinese developer Country Garden Holdings has been deemed in default on a U.S. dollar bond for the first time, Bloomberg News reported on Wednesday, citing a notice. Country Garden’s failure to pay interest on the note within a grace period that ended last week “constitutes an event of default”, Bloomberg reported citing the notice …

Country Garden default on dollar bond declared for first time -Bloomberg News Read More »

TAIPEI (Reuters) – After mastering making iPhones, Taiwan’s Terry Gou, the billionaire founder of major Apple supplier Foxconn, wanted to turn his entrepreneurial skills elsewhere – to be the island’s next president. But three months out from the election, Gou, whose net worth is estimated by Forbes at $6.7 billion, has gone to ground. He …

Foxconn founder Terry Gou lies low in Taiwan election as China tax probe reverberates Read More »

By Sam Nussey and Miho Uranaka TOKYO (Reuters) -Kokusai Electric shares jumped 28% in their Tokyo market debut on Wednesday after private equity firm KKR sold shares in the chip equipment maker for $724 million in Japan’s largest initial public offering (IPO) in five years. The stock closed at 2,350 yen, valuing the company at …

Kokusai Electric shares jump 28% in Tokyo debut Read More »

By Ariba Shahid KARACHI, Pakistan (Reuters) – An International Monetary Fund (IMF) mission will visit Pakistan on Nov. 2 to discuss the first review of the country’s current $3 billion standby arrangement (SBA), the lender’s resident representative said on Tuesday. The South Asian nation is trying to navigate a tricky path to economic recovery under …

IMF team to visit Pakistan on Nov. 2 for first review of standby Arrangement Read More »