Reuters Asia Business

By Cynthia Kim SEOUL (Reuters) – South Korea’s central bank governor said on Wednesday he sees headline inflation slowing to just above 3% by the end of this year as price pressures would cool towards the year-end despite uncertainties including global oil prices. “Our inflation rate will go back to lower range of 3% by …

South Korea central bank chief sees inflation just above 3% by year-end Read More »

By Jorgelina do Rosario MARRAKECH (Reuters) – Discussions between Sri Lanka and all its creditors are ongoing, though the International Monetary Fund has not been informed about specific agreements, Its mission chief for the country said on Wednesday. “We will need to assess the entire package of agreements in its totality to assess consistency with …

IMF: Sri Lanka’s talks with creditors ongoing, unaware of specific deals Read More »

By Yuka Obayashi TOKYO (Reuters) -Japan’s Tokyo Stock Exchange (TSE) started trading carbon credits on Wednesday, as the world’s fifth-largest carbon dioxide (CO2) emitter put in place a key element of its strategy to tackle climate change. Seeking to become carbon neutral by 2050, Japan is following a similar path to other major economies. In …

Tokyo Stock Exchange begins trade in carbon credits Read More »

By Joe Cash BEIJING (Reuters) – China’s exports likely contracted at a slower pace for a second consecutive month in September, a Reuters poll showed on Wednesday, adding to a string of recent data suggesting the world’s second-largest economy is stabilising. Data for September are expected to show a 7.6% fall in outbound shipments from …

China’s trade slump likely eased further in September, adds to stabilisation signs: Reuters poll Read More »

By Heekyong Yang SEOUL (Reuters) -Kia Corp’s union in South Korea said it would suspend for now a partial strike announced earlier on Wednesday to pursue more talks with the company. The union and Kia’s management had been holding talks for three months over wage increases and an extension of the retirement age. Earlier, the …

Union at Kia Corp suspends strike action to resume talks with company Read More »

By Xie Yu HONG KONG (Reuters) – Swiss private bank Union Bancaire Privée (UBP) is set to expand its Asia wealth management team’s headcount by 50% this year, betting on growth opportunities driven by the increase in affluent investors, its regional chief executive told Reuters. The bank has already met two-thirds of the hiring target …

UBP to boost Asia wealth management headcount by 50% in 2023 Read More »

By Rocky Swift TOKYO (Reuters) – The Japanese operator of global clothing chain Uniqlo is expected to blow past last year’s record profit when it reports results on Thursday, benefiting from a recovery in China and the yen’s slide. Fast Retailing reported record third-quarter earnings in July and raised its full-year forecast as business in …

Uniqlo owner set for 26% profit surge on China rebound, yen slide Read More »

By Philip Blenkinsop BRUSSELS (Reuters) – The European Union is planning anti-subsidy investigations into steelmakers producing to excess in countries such as China as part of an agreement with the United States to end Trump-era tariffs, two EU officials said on Tuesday. The Financial Times reported on Tuesday that the European Union planned to announce …

EU plans anti-subsidy probes to secure steel deal with US Read More »

By Asif Shahzad ISLAMABAD (Reuters) – Pakistan will appoint an adviser to draft a plan to privatise its money-losing national airline, the caretaker government’s Privatisation Minister Fawad Hasan Fawad said on Tuesday. The outgoing coalition government said in August that Pakistan International Airline (PIA) will be privatised together with the outsourcing of operations at three …

Pakistan to appoint adviser as it privatises money-losing national airline Read More »