Reuters Asia Business

(Reuters) – Citigroup on Friday upgraded its recommendation on Japanese stocks to “neutral” as the country’s economy and earnings look resilient, but downgraded British equities to “underweight” due to high exposure to fluctuations in oil prices. The Wall Street brokerage also cut its rating for the global energy sector to “underweight” due to bearish outlook …

Citigroup raises Japan stocks to ‘neutral,’ cuts UK to ‘underweight’ Read More »

By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) -The Reserve Bank of India kept its key lending rate steady for a fourth consecutive policy meeting on Friday, as widely expected, but signalled it would keep rates high and liquidity tight to bring inflation closer to its 4% target. India’s benchmark bond yield jumped the most …

India’s RBI holds rates; signals tight policy on inflation worries Read More »

CANBERRA (Reuters) – Australia’s exports of cotton to China ballooned to 61,319 metric tons worth $130 million in August, the most since July 2014, Australian customs data showed, as traders took advantage of normalising trade relations between the two countries. China imposed restrictions on imports of commodities including barley, coal and cotton from Australia in …

Australian cotton exports to China surge to nine-year high Read More »

By Diane Bartz WASHINGTON (Reuters) – A former executive at Samsung Electronics’ venture capital arm who proposed that mobile app developer Branch Metrics’ software be installed in Samsung smartphones faced pushback due to pressure from Google, he said on Thursday in a landmark antitrust trial against the Alphabet unit. Patrick Chang, who worked at Samsung …

Google stopped Samsung from installing search app – ex-executive Read More »

(Reuters) – An updated rule curbing exports of U.S. chipmaking equipment to China is in the final stages of review, according to a government posting and a source, a sign the Biden administration is poised to soon tighten restrictions on Beijing. Reuters exclusively reported on Monday that U.S. officials had warned China in recent weeks …

US curbs on chip tools to China nearly finalized-posting Read More »

By Divya Rajagopal TORONTO (Reuters) -Canadian-Swedish miner Lundin Mining is in talks with Japanese trading houses and large miners to offer a stake of between 40% and 50% in Argentina’s Josemaria mine, incoming CEO Jack Lundin told Reuters in an interview on Thursday. In his first interview since being named as CEO this week, Jack …

Exclusive-Lundin in talks with Japanese trading houses to develop Argentina mine -CEO Read More »

By Jonathan Stempel NEW YORK (Reuters) -Former Goldman Sachs banker Roger Ng, facing 10 years in prison after being convicted in New York of helping loot billions of dollars from Malaysia’s 1MDB sovereign wealth fund, will be returned to that country, where he faces related charges. Chief U.S. District Judge Margo Brodie in Brooklyn on …

Former Goldman banker Ng to be returned to Malaysia in 1MDB case Read More »