Reuters Asia Business

By Gaurav Dogra (Reuters) – Foreigners turned net buyers of Asian stocks in April, bolstered by rising expectations the U.S. Federal Reserve will pause its aggressive tightening cycle, and by other factors such as a weaker dollar and strong first-quarter company earnings. Data from stock exchanges in India, Indonesia, the Philippines, South Korea, Taiwan, Thailand, …

Asian equities receive biggest foreign inflows in three months Read More »

By Donny Kwok and Georgina Lee HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) raised its main policy rate on Thursday, following the U.S. Federal Reserve’s move, even as weakness in its pegged currency forced the de facto central bank to deplete banking system cash to 15-year lows. Hong Kong’s monetary policy moves in …

Hong Kong mirrors Fed rate hike, banking liquidity at fresh 2008 lows Read More »

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point and signaled it may pause further increases, giving officials time to assess the fallout from recent bank failures, wait on the resolution of a political standoff over the U.S. debt ceiling, and …

Fed delivers small rate hike, opens door to pause in tightening cycle Read More »

By Ananya Mariam Rajesh and Katherine Masters (Reuters) -Estee Lauder Cos Inc’s shares plunged on Wednesday after the cosmetics maker forecast weaker sales and profit for the year than previously estimated, blaming slow recovery at duty-free and travel destinations, especially in Asia.    Global retailers have banked on improved demand out of Asia after China eased COVID …

Estee Lauder sinks after dour 2023 outlook due to slow recovery in Asia Read More »

(Reuters) – TikTok said on Wednesday it is launching a product that well let advertisers place ads alongside content produced by premium publishers, half of the ad revenue from which will be shared with those publishers. The social media platform said brands including Buzzfeed, DotDash Meredith, NBCUniversal, UFC and WWE will be the first to …

TikTok to launch ad product that will give premium content creators 50% cut Read More »

By Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s central bank unexpectedly raised its benchmark interest rate on Wednesday, as it looks to manage persistent inflation amid strong domestic demand. Bank Negara Malaysia (BNM) lifted its overnight policy rate by 25 basis points to 3%, confounding economists expectations for an extended pause. Some economists now see the …

Malaysia central bank may hit pause after surprise rate hike Read More »

By Mei Mei Chu and Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia said on Wednesday it will adopt a dual network model for its 5G rollout next year following widespread concerns about pricing and competition over a single state-run network. The decision is the latest by Prime Minister Anwar Ibrahim’s six-month-old administration aimed at dismantling monopolies …

Malaysia to end 5G monopoly, allow second network from next year Read More »

BERLIN (Reuters) -Luxury carmaker Porsche will raise prices by 4-8% in Europe and the U.S. in the second half to combat higher costs that weighed on returns in the first quarter, even as profits and revenue jumped by over 25%, it said on Wednesday. The company was still seeing issues with the supply of semiconductors …

Porsche to raise prices further as profits jump Read More »