By Rachel Savage JOHANNESBURG (Reuters) – Brazil’s President called on Wednesday for the BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their vulnerability to dollar exchange rate fluctuations. Luiz Inacio Lula da Silva made the proposal at a BRICS summit in Johannesburg. Officials and …
Explainer-What is a BRICS currency, and could one be adopted? Read More »
By Laurie Chen TIANJIN, China (Reuters) -At an unfinished Country Garden residential complex on the outskirts of the northern Chinese metropolis of Tianjin, construction has slowed to a dull whirr and a few idle workers roam a near-empty site. “They haven’t paid us since Chinese New Year (in January). We are all worried,” said a …
Unpaid workers, silent sites: China’s property woes hit Country Garden Read More »
By Maki Shiraki and Rocky Swift TOKYO (Reuters) – Chinese group tours are back in Japan but anyone banking on them arriving in droves and splashing around cash like they did before the pandemic is likely to be disappointed. An ANA Holdings flight on Wednesday evening brings in the first package tour visitors from Beijing …
China group tours return to Japan but ‘explosive spending’ unlikely Read More »
TOKYO (Reuters) – Bank of Japan (BOJ) Governor Kazuo Ueda will travel to the United States Aug. 24-28 to attend the Jackson Hole Symposium to be held in Wyoming, the central bank said on Wednesday. The symposium, hosted by the Federal Reserve Bank of Kansas City, groups central bankers across the globe and is closely …
BOJ says Governor Ueda to attend Jackson Hole Symposium Read More »
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – The Federal Reserve’s Jackson Hole symposium this week looms as a key risk for Japanese authorities worried that new hawkish signals from U.S. central bankers could trigger another sharp yen selloff that would force Tokyo to prop up the currency. The annual gathering of Fed officials …
Analysis-Politics, Fed seen swaying Japan’s yen intervention thinking Read More »
By Julie Zhu and Scott Murdoch HONG KONG (Reuters) – Zeekr, Chinese automaker Geely’s premium electric vehicle (EV) brand, will meet global investors from August-end to test appetite for a $1 billion U.S initial public offering (IPO), said people with direct knowledge of the matter. It is hoping the share sale will yield a valuation …
China EV maker Zeekr to start investor tour ahead of $1 billion US IPO -sources Read More »
(Reuters) -Bank of Singapore, one of Asia’s largest private banks, said on Wednesday former Credit Suisse executive Jacky Ang was appointed as its global chief operating officer. Ang, who is succeeding Sonjoy Phukan, will take charge on Sept. 13, the lender said. Ang, with an industry experience of more than two decades, will support Chief …
Bank of Singapore appoints Jacky Ang as global COO Read More »
By Leika Kihara TOKYO (Reuters) – Japan may be seeing early signs of sticky inflation with several measures of broad price trends hitting record highs in July, data showed, heightening the case for a retreat from decades of ultra-loose monetary policy. Based on the government’s consumer price data, the Bank of Japan (BOJ) releases several …
Japan’s price trend gauges hit record, signal broadening inflation Read More »
By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) – Liquefied natural gas (LNG) stockpiles held by Japanese electric utilities hit more than one-year lows, as the hot summer drives usage of air-conditioners and typhoons delay cargoes, data released by Japan’s industry ministry showed on Wednesday. Japan and China are the biggest LNG importers globally but …
Japan utilities LNG stockpiles slump as hot summer lifts air-conditioner demand Read More »
By Phuong Nguyen and Yantoultra Ngui HANOI/SINGAPORE (Reuters) -Thailand’s second-biggest lender Kasikornbank is in talks to buy consumer finance provider Home Credit Vietnam in a deal worth up to $1 billion that would further its push to expand in Vietnam, two sources said. The Bangkok-based lender, also called KBank, hopes to become one of Vietnam’s …
