Reuters Asia Business

TOKYO (Reuters) – MUFG Bank is among three Japanese firms leading a $290-million fundraising round for U.S. spaceship company Sierra Space, spearheading a commercial “spaceport” project in the southwestern region of Oita, the Nikkei daily said on Tuesday. Despite recent setbacks for national space missions, Japanese companies aiming to foray into space are increasingly deepening …

Japan’s MUFG Bank, two others lead $290 million Sierra Space fundraising -Nikkei Read More »

HONG KONG (Reuters) – China Evergrande Group shares slid for a second consecutive session on Tuesday, dropping as much as 8% after a unit of the embattled property developer missed an onshore bond repayment. Evergrande’s main domestic unit, Hengda Real Estate Group, said in a Shenzhen stock exchange filing late on Monday it had failed …

China Evergrande shares tumble for second day after unit misses bond payment Read More »

(Reuters) – China’s net gold imports via Hong Kong rose by about 51.4% in August from the previous month, Hong Kong Census and Statistics Department data showed on Tuesday. Net imports into the world’s top gold consumer stood at 39.023 metric tons in August, compared with 25.769 tons in July, the data showed. Total gold …

China’s August net gold imports via Hong Kong up 51.4% m/m Read More »

BANGKOK (Reuters) -Thailand’s cabinet has approved a plan to suspend debt repayments for millions of farmers for three years at a total cost of about 33 billion baht ($908 million) to the government, a deputy finance minister said on Tuesday. The suspension of both the principal and interest payments will begin on Oct. 1, Julapun …

Thailand approves $908 million plan to suspend farmers’ debts for 3 years Read More »

HONG KONG (Reuters) – Swiss banking group UBS said on Tuesday it had signed a memorandum of understanding with the world’s largest lender by assets, Industrial and Commercial Bank of China (ICBC), to explore strategic collaborations in China and overseas markets. The banks will explore cooperation in asset management, wealth management, and investment and corporate …

UBS and China’s ICBC to explore banking, asset and wealth management collaboration Read More »

JAKARTA (Reuters) – Indonesia’s government will pursue legal action against palm oil companies that use land illegally if they do not submit required paperwork related to land use by November, a senior minister Mahfud MD said on Tuesday. Indonesia earlier this year identified 3.3 million hectares (8.1 million acres) of the country’s nearly 17 million …

Indonesia to pursue legal action against palm firms that use land illegally Read More »

By Leika Kihara TOKYO (Reuters) – The Bank of Japan may hold off on ending negative interest rates until around April next year to gauge whether wage gains will broaden enough to keep inflation sustainably at its 2% target, former central bank policymaker Makoto Sakurai told Reuters. With inflation exceeding 2% for more than a …

BOJ may hold off on ending negative rates until April – ex-board member Read More »