Reuters Asia Business

By Yoshifumi Takemoto and Tetsushi Kajimoto TOKYO (Reuters) – Japan is no longer in deflation but policymakers need to ensure prices do not slide back into contraction, economy minister Yoshitaka Shindo said on Friday, suggesting authorities are still concerned about soggy consumer demand. Policymakers must closely watch key indicators including the output gap and labour …

Japan’s economy minister says authorities must ensure end to deflation Read More »

(Reuters) – The founder of China Evergrande, the world’s most indebted property developer, is being investigated for “illegal crimes”, a fresh challenge for the tycoon and his embattled company as it struggles to stay afloat. Hui Ka Yan, 64, who founded Evergrande in 1996 in the southern Chinese province of Guangdong, is the latest tycoon …

Factbox-Evergrande founder joins list of Chinese tycoons investigated, arrested Read More »

By Takahiko Wada and Leika Kihara TOKYO (Reuters) -Core inflation in Japan’s capital slowed in September for the third straight month mainly on falling fuel costs, data showed on Friday, suggesting that cost-push pressures are starting to peak in a relief for the fragile economic recovery. But separate data showed factory output was flat in …

Inflation in Japan’s capital slows but pressures persist Read More »

By Kevin Buckland TOKYO (Reuters) – The yen’s slide to the cusp of 150 per dollar has put investors on high alert for the risk of intervention. But, Japanese authorities could find propping up their currency both difficult to achieve and hard to justify. At its core, the yen’s 3% slide in September to its …

Analysis-Yen intervention a hard sell even as 150/$ ‘red line’ beckons Read More »

CAIRO (Reuters) – Gulf Cooperation Council (GCC) and Pakistan “initialized” a free trade agreement, the GCC said on messaging platform X on Thursday. The agreement was signed by GCC Secretary-General Jasem al-Budaiwi and Pakistani trade minister Gohar Ejaz. (Reporting by Enas Alashray and Yomna Ehab)

WASHINGTON (Reuters) -The International Monetary Fund said on Thursday it sees some signs of stabilization in China’s economy from recent data, but believes the country can accelerate growth over the medium term if it takes steps to reform its economy to rebalance from investment toward consumer spending. Chief spokesperson Julie Kozack told a regular news …

IMF sees signs China stabilizing, says reforms can boost medium-term growth Read More »

By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan’s rupee has gained 6.1% against the dollar so far in September, following an official clampdown on illegal foreign exchange trade in grey and black markets by security agencies. September’s gains have almost made up for all of the rupee’s losses in August and technically make it the …

FX clampdown boosts Pakistani rupee 6.1% to become September’s top currency Read More »

SHANGHAI (Reuters) -Nio has held exploratory talks with Mercedes-Benz for a tie-up that would see the German automaker invest in the Chinese electric vehicle startup in exchange for technology, two people with direct knowledge of the matter said. Nio’s founder and chief executive William Li discussed the potential collaboration with Mercedes CEO Ola Kaellenius earlier …

Exclusive-China’s Nio explores investment, tech alliances with Mercedes-sources Read More »