Reuters Asia Business

By David Lawder WASHINGTON (Reuters) – U.S. Treasury Undersecretary Jay Shambaugh met on Friday with China’s new ambassador to the United States, Xie Feng, holding a discussion aimed at maintaining open communications between the world’s two largest economies, the Treasury said. “The meeting was candid, constructive, and part of ongoing efforts to maintain open lines …

US Treasury official meets with China’s new ambassador in Washington Read More »

By David Shepardson WASHINGTON (Reuters) – The Republican chairmen of two House of Representatives panels on Friday urged President Joe Biden’s administration to rally U.S. allies including Japan and South Korea to defeat Chinese “economic aggression” in the wake of Beijing’s effective ban on purchases of Micron Technology memory chips. Michael McCaul, who heads the …

House lawmakers urge US to rally allies over China Micron ban Read More »

By Eliana Raszewski BUENOS AIRES (Reuters) -Argentina has signed a deal to renew its currency swap line with China and double the amount it can access to near $10 billion, the South American country’s central bank said in a statement on Friday, a boost to its dwindling foreign currency reserves. The bank said that the …

Argentina doubles China currency swap access to $10 billion Read More »

(Reuters) – China is working on new measures to support the property market after existing policies failed to sustain a rebound in the sector, Bloomberg News reported on Friday, citing people familiar with the matter. (Reporting by Baranjot Kaur in Bengaluru; Editing by Christina Fincher)

BEIJING (Reuters) – At least 102 Chinese cities faced difficulties in managing their debt-servicing costs last year, reining in China’s ability to use fiscal stimulus to spur the economy’s post-COVID recovery, according to a report by Rhodium Group. The findings of the U.S. economics and policy research firm were based on the 2022 financial data …

Over 100 Chinese cities struggling with debt-servicing costs: Rhodium Read More »

By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) -The India and South Asia head of Amazon.com Inc’s cloud division, Puneet Chandok, has resigned with effect from August 31, the company said on Friday. Chandok had taken the helm of Amazon Web Services in June 2019. Vaishali Kasture, currently head of enterprise for mid-market and …

Amazon’s India, South Asia cloud unit head resigns Read More »

By Selena Li and Kane Wu (Reuters) – Jamie Dimon, the chief executive of U.S. bank JPMorgan Chase & Co, is visiting Taiwan on Friday, a source with direct knowledge of the matter said, his first trip to the island in a nearly a decade, after he concluded a visit to China this week. Dimon’s …

JPMorgan’s Dimon visits Taiwan to meet staff, clients -source Read More »

By Rocky Swift TOKYO (Reuters) – Japanese stocks rose on Friday, with the benchmark Nikkei index closing at a three-decade high, after U.S. lawmakers voted to raise the debt limit and on signs central bankers are in no hurry to tighten the monetary policy. SoftBank Group Corp rose 4.3% amid speculation its chip unit will …

Japan’s Nikkei closes at 32-year high as US default fears ease Read More »