Reuters Asia Business

By Gibran Naiyyar Peshimam and Asif Shahzad ISLAMABAD (Reuters) -The International Monetary Fund (IMF) is working with Pakistani authorities to conclude a ninth review of a bailout programme, its mission chief said on Friday of the funding critical for the cash-strapped country to avert an economic collapse. Pakistan and the IMF have been discussing fiscal …

IMF: Pakistan bailout review to conclude once financing in place Read More »

HANOI (Reuters) – Vietnam’s central bank bought $4.9 billion from credit institutions in the first four months of this year to shore up its foreign exchange reserves, the investment minister said on Friday. Well-managed monetary policies and stable exchange rate have enabled the State Bank of Vietnam (SBV) to continue to buy foreign currency to …

Vietnam central bank bought $4.9 billion in first 4 months to boost reserves – minister Read More »

By Kane Wu HONG KONG (Reuters) – U.S. private equity firm Bain Capital is nearing the final close of its fifth and biggest Asia-focused fund after having raised around $6 billion from global investors, said two people with knowledge of the situation. The committed capital to the fund has exceeded the firm’s initial target of …

Exclusive-Bain Capital nearing final close of Asia fund worth $6 billion – sources Read More »

By Casey Hall SHANGHAI (Reuters) – A potential 500 million euro ($551 million) write-off on unsold Yeezy shoes is a headache for Adidas as it looks to implement a global turnaround – but it’s not the German sportswear giant’s biggest problem. That would be China, the world’s second-largest sportswear market, where Adidas saw sales decline …

China turnaround challenge dwarfs Adidas’ Yeezy debacle Read More »

WASHINGTON (Reuters) – The U.S. Treasury Department’s top international official is heading to Europe and Asia this week for talks on current macroeconomic trends and events, and a G7 finance officials meeting, Treasury said in a statement on Thursday. Treasury Undersecretary for International Affairs Jay Shambaugh will attend meetings of the Organization for Economic Cooperation …

US Treasury’s top international official heads to Europe, Asia for talks on economy Read More »

WASHINGTON (Reuters) – A Chinese invasion of Taiwan could potentially halt production by the world’s largest advanced semiconductor chip maker, wiping out up to $1 trillion per year from the global economy per year in the first few years, the top U.S. intelligence official said on Thursday. U.S. Director of National Intelligence Avril Haines presented …

Top US spy says Chinese invasion halting Taiwan chip production would be ‘enormous’ global economic blow  Read More »