Reuters Asia Business

By Kevin Buckland TOKYO (Reuters) – There was “no discussion” about exchange rates at a meeting of Group of Seven (G7) finance ministers and central bank chiefs, Japanese Finance Minister Shunichi Suzuki said on Sunday, according to Kyodo News. Suzuki was speaking after a meeting in India of the G7 – the U.S., Japan, Germany, …

Japan finance minister: “No discussion” of exchange rates at G7, Kyodo reports Read More »

By David Lawder and Aftab Ahmed GANDHINAGAR, India (Reuters) -U.S. Treasury Secretary Janet Yellen said on Sunday she was “eager” to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral development banks needed reforms before capital increases could be considered. At a press conference before a meeting …

Yellen ‘eager’ to work with China on debt, other global challenges Read More »

BEIJING (Reuters) – A flurry of economic data from China on Monday is expected to show its post-pandemic bounce is quickly fizzling out, raising expectations that Beijing needs to unveil more stimulus measures soon to shore up activity and shaky consumer confidence. After a strong start to the year following the dismantling of tough COVID-19 …

China economic data likely to show recovery is fading quickly Read More »

TOKYO (Reuters) – Japan’s Toshiba plans to establish a domestic supply chain for offshore wind power equipment together with U.S. manufacturer General Electric, Nikkei reported on Saturday, as Japan is expanding in renewable energy in a zero-carbon push. Japan’s offshore wind power market is set to grow as the government aims to install up to …

Toshiba, General Electric to build offshore wind equipment supply chain in Japan-Nikkei Read More »

By Qin Ningwei and Dominique Patton BEIJING (Reuters) – China’s summer wheat output fell 0.9% this year, official data showed on Saturday, the first decline in seven years after heavy rain hit key growing areas just ahead of the harvest. Output in the world’s top grower of the grain fell to 134.53 million metric tons, …

China wheat output falls 0.9% after rain damage ahead of harvest Read More »

By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s new home prices were unchanged in June, the weakest result this year, data showed on Saturday, increasing pressure on policymakers for more stimulus as economic recovery falters. The flat result from a month earlier, with rises slowing nationwide, was below May’s 0.1% gain, according to Reuters …

China June new home prices flat in weakest showing this year Read More »

TOKYO (Reuters) – Japan and Saudi Arabia are expected to agree on joint investment to develop rare earth resources during Prime Minister Fumio Kishida’s visit to the Middle East starting Sunday, Nikkei reported. Kishida plans to visit oil producers Saudi Arabia and United Arab Emirates, as well as liquefied natural gas producer Qatar – the …

Japan, Saudi Arabia set to agree on rare earth resources joint development – Nikkei Read More »

KUALA LUMPUR (Reuters) – Malaysian mobile operator Maxis Bhd said it will sign an agreement to access the country’s state-run 5G network, the last major carrier to get on board a contentious rollout. Malaysia has adopted an unusual model for 5G deployment — instead of allocating spectrum to wireless carriers, it will charge them to …

Malaysia’s Maxis agrees to use state-run 5G network Read More »

By Stephen Nellis, Andrea Shalal and Karen Freifeld (Reuters) – The chief executives of Intel Corp and Qualcomm Inc are planning to visit Washington next week to discuss China policy, according to two sources familiar with the matter. The executives plan to hold meetings with U.S. officials to talk about market conditions, export controls and …

Exclusive-US chip CEOs plan Washington trip to talk China policy – sources Read More »