Reuters Asia Business

By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Japanese authorities refrained on Wednesday from disclosing whether they had stepped into the market to prop up the yen and stressed their resolve to act against excess volatility, keeping markets on alert for the chance of yen-buying intervention. After sliding below the psychologically important 150 per dollar …

Japan keeps markets guessing on yen intervention, warns against sharp falls Read More »

By Tom Westbrook and Gaurav Dogra SINGAPORE/BENGALURU (Reuters) – A shooting tragedy in a Bangkok mall adds to a double-whammy of rising rates and government spending worries that has hammered Thai assets and soured bets on the recovery of Asia’s tourism giant. Thai tourism stocks slid 1.6% on Wednesday, dragging the benchmark index to its …

Tourism stumble risks perfect storm for reeling Thai markets Read More »

By Leika Kihara TOKYO (Reuters) – Japan’s economy has recovered and is running near its full capacity in the second quarter, data from the central bank showed on Wednesday, adding to growing signs that conditions for phasing out its massive monetary stimulus are falling into place. The output gap, which measures the difference between an …

Japan’s economy running at near full capacity, BOJ estimates show Read More »

(Reuters) – UK-based fintech company Revolut has agreed to simplify its ownership structure with investor SoftBank, removing one obstacle to win a long-delayed banking license in its home market, the Financial Times reported on Tuesday, citing three people familiar with the matter. Revolut and SoftBank had been locked in months of negotiations, with the Japanese …

Revolut strikes share deal with SoftBank to remove barrier to UK licence – FT Read More »

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday the United States has become overly dependent on China for critical supply chains, particularly in clean energy products and needs to broaden out sources of supply. Yellen, speaking at a Fortune CEO event in Washington, repeated her longstanding view that the United States does …

Treasury’s Yellen says US overdependent on China for critical supply chains Read More »

By Nathan Gomes (Reuters) -Top global automakers on Tuesday reported a rise in U.S. new vehicle sales for the third quarter, buoyed by resilient demand for latest models and improved supplies. General Motors Co extended a strong year as it posted an about 21% rise in U.S. sales to 674,336 vehicles, benefiting from demand for …

US new vehicle sales jump in third quarter as UAW strike casts shadow Read More »

By Chuck Mikolajczak, Saqib Iqbal Ahmed and Lucy Raitano NEW YORK/LONDON/TOKYO (Reuters) -The yen strengthened sharply against the dollar on Tuesday, leading some in the market to believe Japanese policymakers had intervened, although others said the size of the move was not convincing enough. Traders have been on watch for weeks for a possible intervention …

Yen surges against dollar, leads some to suspect intervention Read More »

BEIJING (Reuters) – Chinese regulators have deemed the “rectification” of Capvision Partners to be complete, the Shanghai-based firm said in a statement on Tuesday, after addressing national security risks raised by the government. Conclusion of the months-long rectification process is the latest development in a sweeping crackdown Chinese authorities launched earlier this year on consultancy …

Chinese government says consulting firm Capvision’s ‘rectification’ complete Read More »

LONDON (Reuters) – Japan’s yen rose sharply against the dollar on Tuesday, causing market confusion over whether there had been an official Japanese intervention, or whether the move was caused by traders repositioning after a break of the 150 level. The yen strengthened to as much as 147.30 yen in minutes after breaking through 150 …

Instant view: Yen strengthens sharply against dollar, triggers confusion over intervention Read More »