Reuters Asia Business

TOKYO (Reuters) – The Japanese government is considering raising its economic growth forecast for fiscal 2022 to take into account the effects of its record $490 billion stimulus package, public broadcaster NHK reported on Monday. In a mid-year review in July, the government projected real gross domestic product (GDP) growth of about 2.2% for the …

Japan government considering lifting FY2022 economic growth forecast -NHK Read More »

BEIJING (Reuters) – Some of China’s major property developers are planning to issue asset-backed securities in the near term, a further sign that regulators are marginally broadening financial channels for developers amid Evergrande’s debt crisis. China Evergrande, wrestling with debts of more than $300 billion, said on Friday that there was “no guarantee” it would …

Amid Evergrande crisis, more Chinese developers to issue ABS Read More »

(Reuters) – Bitcoin dropped 8.4% to $49,228.82 at 20:01 GMT on Saturday, losing $4,514.87 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 28.7% from the year’s high of $69,000 on Nov. 10. Ether, the coin linked to the ethereum blockchain network, dipped 2.69 % to $4,109.14 on Saturday, losing $113.66 …

Bitcoin falls 8.4% to $49,228.82 Read More »

By Krystal Hu and Juby Babu (Reuters) – Former President Donald Trump’s new social media venture Trump Media & Technology Group and Digital World Acquisition Corp. said it has entered into subscription agreements to raise about $1 billion from a group of investors. DWAC said it will provide up to $293 million to the partnership …

Trump’s social media venture to raise about $1 billion in funds Read More »

KUALA LUMPUR (Reuters) – Telekom Malaysia on Saturday said it will be conducting 5G trials with a state-run agency ahead of a planned roll out of 5G network services this month. The telecommunications firm said it will be participating in the pilot trials in some parts of the capital, Kuala Lumpur, and two other urban …

Telekom Malaysia signs up for country’s 5G trials Read More »

BEIJING (Reuters) – Goldman Sachs Group Inc and the International Finance Forum (IFF), a Beijing-headquartered think tank, launched a green finance working group on Saturday, the two said. The working group will facilitate dialogue on climate action among senior executives from global corporations and researchers from leading institutions, according to a joint statement sent to …

Goldman Sachs launches green finance group with Beijing think tank Read More »