Reuters Asia Business

BEIJING (Reuters) – China’s new yuan loans are expected to fall sharply in July from June after record lending in the first half, a Reuters poll showed, but they could still exceed the year-earlier amount as the central bank seeks to underpin the economy amid a faltering recovery. Chinese banks are estimated to have issued …

China’s July new yuan loans seen dipping after record H1 – Reuters poll Read More »

By Sam Nussey TOKYO (Reuters) -Japan’s Sony logged a hefty drop in first-quarter profit, hurt in part by a weaker performance from its movie division but the entertainment giant remained hopeful about prospects for a record year for its PlayStation 5 console. Operating profit slid 31% to 253 billion yen ($1.8 billion) in April-June, in …

Sony quarterly profit tumbles as movie business disappoints Read More »

TOKYO (Reuters) – China has notified Japan that it is considering holding talks between their leaders in Indonesia in September, Kyodo news agency reported on Wednesday. The meeting would be held between Japanese Prime Minister Fumio Kishida and Chinese premier Li Qiang on the sidelines of the Association of South East Asian Nations (ASEAN) meeting, …

China considers holding leaders’ talks with Japan in September – Kyodo Read More »

By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s consumer sector fell into deflation and factory-gate prices extended declines in July, as the world’s second-largest economy struggled to revive demand and pressure mounted on Beijing to release more direct policy stimulus. Anxiety is rising that China is entering an era of much slower economic growth …

China tips into deflation as efforts to stoke recovery falter Read More »

TOKYO (Reuters) -Japan’s Honda Motor reported a 78% rise in quarterly profit on Wednesday, boosted by increased sales, especially in the North American market, and a weaker yen. Japan’s second-biggest automaker by sales said its operating profit totalled 394.4 billion yen ($2.76 billion) in the three months through June, handily beating the average 324.74 billion …

Honda posts 78% rise in Q1 profit on U.S. sales jump Read More »

By Josh Ye HONG KONG (Reuters) – China will require all mobile app providers in the country to file business details with the government, its information ministry said, marking Beijing’s latest effort to keep the industry on a tight leash. The Ministry of Industry and Information Technology (MIIT) said late on Tuesday that apps without …

China to require all apps to share business details in new oversight push Read More »

BEIJING (Reuters) – Almost half of Chinese undergraduates returned to their hometowns last year within six months of graduation, state media reported, with the proportion rising to 47% from 43% in 2018 amid a sagging job market. Feeling the pinch of rising living costs, jobless Chinese youth have been leaving mega-cities, traditionally the stepping stone …

More Chinese graduates return to hometowns in depressed economy – state media Read More »

By Clare Jim and Jessie Pang HONG KONG (Reuters) -Cathay Pacific Airways reported on Wednesday its best first-half profit in more than a decade and announced plans to order more planes and repay a Hong Kong government rescue package after a major turnaround in travel demand. The interim net profit of HK$4.3 billion ($550.22 million), …

Cathay Pacific posts best H1 profit since 2010, to repay govt aid package Read More »

By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s central bank might hold or raise its key interest rate at its September review as the economy continues to recover, though it will lower its growth forecasts with exports remaining weak, the bank’s governor said on Wednesday. The Bank of Thailand (BOT) has raised its main …

Thai central bank to cut growth outlook, may hold or hike rates at next review – governor Read More »