Reuters Asia Business

By Marcelo Teixeira NEW YORK (Reuters) – Most of the record physical delivery of sugar by commodities traders at the expiration of the October futures contract at the Intercontinental Exchange (ICE) last week will head to China, according to two traders with knowledge of the deals. Wilmar International – the Singapore-based food trader that built …

Exclusive-China to receive most of record ICE sugar October delivery -traders Read More »

BENGALURU (Reuters) – SoftBank Group is likely to sell shares worth up to $105 million in India’s PB Fintech via block deals, CNBC-TV18 reported on Thursday, citing sources. The indicative price for the block deals is likely in the range of 752 Indian rupees to 767 rupees per share, CNBC-TV18 said. Shares of PB Fintech, …

SoftBank likely to sell shares worth up to $105 million in PB Fintech – report Read More »

By Kevin Buckland TOKYO (Reuters) – The Bank of Japan’s money market data indicated on Thursday that a mysterious spike in the yen rate against the dollar on Tuesday was likely not the product of official Japanese intervention. The central bank’s projection for Friday’s money market conditions indicated a 1.09 trillion yen ($7.32 billion) net …

BOJ data suggests mysterious yen spike wasn’t intervention Read More »

By Ben Blanchard and Sarah Wu TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and a major Apple supplier, predicted on Thursday strong year-end holiday sales after September sales dropped, coming off a high base for consumer electronics. The fourth quarter is traditionally the hot season for Taiwan’s tech companies as they …

Foxconn expects strong holiday sales in Q4, Sept sales slump Read More »

By Roushni Nair (Reuters) – Bearish bets on most Asian currencies were raised, a Reuters poll found on Thursday, as the possibility of higher-for-longer U.S. interest rates and the unprecedented surge in oil prices triggered a move away from riskier assets and towards the safety of the greenback. Short positions on the Singapore dollar firmed …

Bearish bets on Asian currencies firm on hawkish Fed rhetoric, rate woes – Reuters poll Read More »

By Naveen Thukral SINGAPORE (Reuters) – Asian flour millers are likely to step up purchases as global wheat supplies are forecast to tighten in the months ahead, with dry weather reducing production in some key exporting countries. Wheat importers, including from Indonesia, the world’s No. 2 buyer, and China were actively seeking cargoes this week …

Asian wheat millers seen boosting imports on higher price expectations Read More »

BENGALURU (Reuters) – India’s Tata Group is in advanced talks with Temasek Holdings to buy back a stake in its entertainment content distribution platform at a valuation of more than $1 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. The Indian conglomerate and the Singaporean state investor are in the final …

India’s Tata Group in talks with Temasek to buy back a stake in Tata Play – Bloomberg News Read More »

(Reuters) – Japanese stocks witnessed robust selling by foreign investors last week, as concerns about elevated U.S. interest rates and rising Treasury yields dampened risk appetite. Data from Japanese exchanges showed foreign investors exited a net 1.64 trillion yen ($11.00 billion) of stocks in the week ended Sept. 29, posting the biggest weekly net selling …

Foreign investors heavily sell Japanese stocks on US rate worries Read More »