Reuters Asia Business Archives - Page 1516 of 1522

IMF, Nepal reach staff-level agreement on 3-yr, $400 million program

6 Dec 2021 6 Dec 2021

NEW YORK (Reuters) – The International Monetary Fund and Nepal have reached a staff-level agreement that could unlock about $400 million for the Asian nation, the Fund said in a statement on Monday. The program’s priorities are to mitigate the impact of the coronavirus pandemic, preserve macro economic and financial stability and support a reform …

IMF, Nepal reach staff-level agreement on 3-yr, $400 million program Read More »

Genesys valued at $21 billion after latest funding round

6 Dec 2021 6 Dec 2021

(Reuters) -Genesys said on Monday it had raised $580 million in a funding round led by Salesforce Ventures, valuing it at $21 billion, as the enterprise software maker seeks to expand its offerings and amid reports the company was planning to go public. Genesys, which counts payments giant PayPal and Microsoft as its clients, offers …

Genesys valued at $21 billion after latest funding round Read More »

SoftBank shares slide 9% as portfolio upside evaporates

6 Dec 2021 6 Dec 2021

TOKYO (Reuters) – SoftBank Group shares fell as much as 9% in Monday trading in Tokyo, the seventh consecutive day of decline, as the market digested falling valuations at key portfolio companies and regulatory opposition to the sale of Arm. SoftBank shares were trading at 5,122 yen at 10:39 a.m. (0139 GMT), down by half …

SoftBank shares slide 9% as portfolio upside evaporates Read More »

China frees up $188 billion for banks in second reserve ratio cut this year

6 Dec 2021 6 Dec 2021

By Stella Qiu and Kevin Yao BEIJING (Reuters) – China’s central bank said on Monday it would cut the amount of cash that banks must hold in reserve, its second such move this year, releasing 1.2 trillion yuan ($188 billion) in long-term liquidity to bolster slowing economic growth. The People’s Bank of China (PBOC) said …

China frees up $188 billion for banks in second reserve ratio cut this year Read More »

Alibaba overhauls e-commerce businesses, names new CFO

6 Dec 2021 6 Dec 2021

By Brenda Goh SHANGHAI (Reuters) -Alibaba Group Holding Ltd said it will reorganise its international and domestic e-commerce businesses and replace its CFO – changes that come as the tech giant grapples with an onslaught of competition, a slowing economy and a regulatory crackdown. It will form two new units – international digital commerce and …

Alibaba overhauls e-commerce businesses, names new CFO Read More »

Asia faring better in staving off inflation risk, says BIS executive

6 Dec 2021 6 Dec 2021

By Leika Kihara TOKYO (Reuters) – Asia is faring much better than other regions in averting a jump in inflation caused by supply shocks, and is less vulnerable to an unwelcome wage-driven spike in prices, Bank for International Settlements (BIS) head of research Hyun Song Shin said. In the United States and Europe, a sharp …

Asia faring better in staving off inflation risk, says BIS executive Read More »

Omicron shows policymakers can’t let guard down -BIS

6 Dec 2021 6 Dec 2021

By Marc Jones LONDON (Reuters) – The newly-discovered Omicron variant shows policymakers and financial markets cannot lower their guard on COVID-19 and will have to calibrate their policies carefully, the Bank for International Settlements said on Monday. Dubbed the central bank to the world’s central banks due to its regular gatherings of decision makers, the …

Omicron shows policymakers can’t let guard down -BIS Read More »

Malaysia exchange to begin night trading for palm oil futures

6 Dec 2021 6 Dec 2021

KUALA LUMPUR (Reuters) – Malaysia’s derivatives exchange is due to begin night trading for its key palm oil futures contract and other products on Monday, allowing investors to hedge market movements during U.S and European hours. The Bursa Malaysia Derivatives Exchange (BMD) manages Malaysia’s crude palm oil futures contract, which sets the global price benchmark …

Malaysia exchange to begin night trading for palm oil futures Read More »

Chinese govt thinktank proposes growth target of above 5% for 2022

6 Dec 2021 6 Dec 2021

BEIJING (Reuters) -China’s top government thinktank on Monday recommended the government set an economic growth target of above 5% for next year as the economy slows due to the persistent COVID-19 cases and high commodity prices. “A target of above 5% leaves a certain room of leeway, which is a relatively prudent call. It would …

Chinese govt thinktank proposes growth target of above 5% for 2022 Read More »

China will keep economic operations within reasonable range in 2022

6 Dec 2021 6 Dec 2021

BEIJING (Reuters) – China’s politburo, the country’s top-decision making body, said on Monday that it would keep economic operations within reasonable range in 2022, the official Xinhua news agency said. China will continue to implement proactive fiscal policy and prudent monetary policy next year, the politburo said after a meeting on the economic conditions. (Reporting …

China will keep economic operations within reasonable range in 2022 Read More »

Reuters Asia Business﻿﻿

Reuters Asia Business