Reuters Asia Business

By Georgina Lee HONG KONG (Reuters) – The 24 companies that debuted the yuan-denominated stock trading scheme in Hong Kong attracted a small fraction of their stocks’ trading volume on Monday, as interest in using the new currency option was dwarfed by the Hong Kong dollar. Hong Kong Exchanges & Clearing began the so-called HKD/RMB …

Hong Kong stock exchange’s yuan stock trading debut gets lukewarm trade volume Read More »

(Reuters) – Silicon Valley Bank’s customers in Asia whose deposits were recently seized by the U.S. Federal Deposit Insurance Corp (FDIC) are under pressure to repay loans to First Citizens Bank, The Wall Street Journal reported on Monday. According to the report, when SVB failed in March, the FDIC stepped in to protect all of …

SVB’s Asian customers who lost deposits remain on the hook for loans – WSJ Read More »

By Anton Bridge TOKYO (Reuters) – The Japanese operator of McDonald’s restaurants said on Monday it would raise prices at 184 city centre branches, equivalent to about 6% of its 3,000 stores, to help absorb higher rents and labour costs. Until now, 40 stores in some city centres and special locations such as airports and …

McDonald’s Japan hikes prices in city centres as costs bite Read More »

By Yantoultra Ngui and Stefanno Sulaiman SINGAPORE/JAKARTA (Reuters) – Indonesia’s Bank Central Asia (BCA), Southeast Asia’s biggest bank by market value, is considering strategic options for its life insurance unit including a potential stake sale, according to two sources with knowledge of the matter. The Jakarta-listed lender, which has a market value of $74 billion …

Indonesia’s BCA explores strategic options for life insurance unit – sources Read More »

(Reuters) -Billionaire investor Warren Buffett’s Berkshire Hathaway said on Monday it added to holdings in Japan’s five biggest trading houses, likely underpinning strong momentum propelling the nation’s stock market to multi-year highs. Berkshire said its stakes in Itochu, Marubeni, Mitsubishi Corp, Mitsui & Co and Sumitomo now average more than 8.5%. It first announced the …

Buffett adds to his holdings of Japanese trading houses Read More »

By Takaya Yamaguchi, Makiko Yamazaki and Paritosh Bansal TOKYO (Reuters) – Japan’s financial regulator has sounded out top domestic banks about China risks and whether they have plans in place if Sino-Western tensions escalate, according to multiple sources with direct knowledge of the matter.  The Financial Services Agency’s (FSA) request, which has not been previously reported, is to ensure Japan’s megabanks …

Exclusive – Japan regulator sounded out top domestic banks about China risks, sources say Read More »