Reuters Asia Business

JAKARTA (Reuters) – Indonesia’s exports and imports likely continued a decline on a yearly basis in July amid weakening global trade, with its trade surplus seen shrinking, according to a new Reuters poll. The median forecast of 17 economists for Indonesia’s July trade balance was for a surplus of $2.53 billion, down from $3.46 billion …

Indonesia’s July trade surplus seen narrowing to $2.5 billion: Reuters poll Read More »

SHANGHAI (Reuters) – The Shanghai Stock Exchange has urged bankers to pay close attention to the marketing practices of Chinese drug and medical equipment makers seeking initial public offerings (IPOs) amid an escalating anti-corruption drive in the sector, sources said. The bourse asked investment bankers and lawyers to ensure drugmakers’ compliance and legitimacy in sales …

Shanghai Exchange urges bankers to closely vet Chinese medical firms IPOs – sources Read More »

SHANGHAI/SINGAPORE (Reuters) – China’s central bank is expected to keep rates on its medium-term policy loans unchanged on Tuesday, a Reuters survey showed, despite fresh signs the economic recovery is losing momentum. Tumbling credit growth and rising deflation risks in July have called for more monetary easing measures to arrest the slowdown, market watchers said, …

China central bank seen leaving policy loan rate unchanged on Tuesday Read More »

TAIPEI (Reuters) -Apple Inc supplier Foxconn reported on Monday a 1% drop in second-quarter net profit, as global economic woes hurt demand for smart consumer electronics. The Taiwanese company, the world’s largest contract electronics maker, said net profit for the April-June quarter slipped to T$33 billion ($1.0 billion) from a revised T$33.29 billion in the …

Apple supplier Foxconn’s Q2 profit slips 1%, beats forecasts Read More »

SYDNEY (Reuters) – Australia’s labour regulator cleared the way for strike action at Chevron’s Wheatstone platform if workers vote in favour of such a step, fuelling concerns the country’s exports could be cut. The Fair Work Commission last week ruled workers at Chevron’s downstream Wheatstone facility and its Gorgon facility can ballot workers for strike …

Australia regulator allows union to ballot workers for strike at Chevron LNG platform Read More »

By Echo Wang and Anirban Sen NEW YORK (Reuters) -SoftBank Group Corp is in talks to acquire the 25% stake in Arm Ltd it does not directly own from Vision Fund 1 (VF1), a $100 billion investment fund it raised in 2017, according to people familiar with the matter, potentially delivering a win for investors …

Exclusive-SoftBank in talks to buy Vision Fund’s 25% stake in Arm -sources Read More »

By Andrew Hayley and Ethan Wang BEIJING (Reuters) -China’s State Council issued guidelines on Sunday that it said would further optimize the country’s foreign investment environment and attract more foreign investment. The State Council said in a document containing 24 guidelines that authorities should increase protection of the rights and interests of foreign investors, including …

China State Council issues guidelines in bid to increase foreign investment Read More »

JAKARTA (Reuters) – The Miss Universe Organization said it was cutting ties with its Indonesian franchisee and cancelling this year’s Malaysia pageant after contestants accused local organisers of sexual harassment. The U.S.-based organisation said in an emailed statement late on Saturday it had decided to sever its contract with PT Capella Swastika Karya and its …

Miss Universe cuts ties with Indonesia organiser accused of sexual harassment Read More »