Reuters Asia Business

SHANGHAI/SINGAPORE (Reuters) -China kept its benchmark lending rates unchanged at the monthly fixing on Friday, matching market expectations, as a set of economic data suggested the economy is stabilising and a weaker yuan constrained further monetary easing. The one-year loan prime rate (LPR) was kept at 3.45%, while the five-year LPR was unchanged at 4.20%. …

China leaves benchmark lending rates unchanged as expected Read More »

(Reuters) – Asian bonds suffered massive foreign outflows in September, hit by a surge in U.S. bond yields and a stronger dollar, which diminished returns for international investors. Foreigners sold regional bonds worth $3.7 billion from Malaysia, Indonesia, South Korea, and Thai markets, their biggest since June 2022, data from regulatory authorities and bond market …

Surge in US yields sparked massive outflow from Asian bonds in Sept Read More »

TOKYO (Reuters) – Toyota Motor, the world’s largest automaker by sales, said it will restart some production on Monday at its group plants that had been suspended due to an accident at a supplier’s facility. The automaker said on Friday production at five lines at four plants that had been halted following Monday’s accident at …

Toyota extends partial production halt at some group plants to Monday Read More »

SINGAPORE (Reuters) – China announced on Friday that it will require export permits for certain graphite products to protect national security, its latest move to curb shipments of minerals that are critical to the energy transition. Graphite, a soft form of carbon, is a key component of batteries for electric vehicles and China is the …

Factbox-China curbs graphite exports in latest critical minerals squeeze Read More »

By Leika Kihara TOKYO (Reuters) – The Bank of Japan said on Friday it will debate the benefits and costs of unconventional monetary policy in a workshop on Dec. 4 as part of a comprehensive review of its monetary policy. The comprehensive review is Governor Kazuo Ueda’s flagship project that looks into the effects and …

BOJ will debate pros, cons of unconventional policy at workshop Read More »

By Leika Kihara TOKYO (Reuters) – The Bank of Japan will “patiently” maintain ultra-loose monetary policy and respond “nimbly” to economic, price and financial developments, its governor Kazuo Ueda said on Friday, warning of extremely high uncertainty over the outlook. Ueda said Japan’s economy is recovering moderately with the fading effect of supply constraints offsetting …

BOJ’s Ueda vows to ‘patiently’ maintain ultra-loose policy Read More »

(Reuters) -Japan’s Toyota Motor, the world’s largest automaker by sales, said on Thursday it had signed an agreement to adopt Tesla’s electric-vehicle charging technology from 2025. Ford Motor, General Motors and Nissan are among the other automakers that have adopted Tesla’s North American Charging Standard (NACS), taking the Elon Musk-led company’s superchargers closer to becoming …

Toyota to adopt Tesla EV charging standard from 2025 Read More »

(Reuters) -Sri Lanka and the International Monetary Fund (IMF) on Thursday reached an agreement on a first review of its extended fund facility arrangement, the first step in releasing about $330 million dollars for the country struggling under a financial crisis. Sri Lanka started negotiating with creditors including China, Japan and India last September, parallel …

Sri Lanka, IMF reach staff level agreement on first review of bailout Read More »