BUENOS AIRES (Reuters) -Argentina will start to pay for Chinese imports in yuan rather than dollars, the government announced Wednesday, a measure that aims to relieve the country’s dwindling dollar reserves. In April, it aims to pay around $1 billion of Chinese imports in yuan instead of dollars and thereafter around $790 million of monthly …
Argentina govt to pay for Chinese imports in yuan rather than dollars Read More »
By Herbert Lash NEW YORK (Reuters) – The dollar retreated on Wednesday on fresh signs of a U.S. slowdown after orders for core capital goods fell more than expected in March, while the economic outlook for Europe could surprise to the upside and strengthen the euro. The Swedish crown weakened sharply after the country’s central …
Dollar weakens on fresh signs of slowdown, euro rebounds Read More »
WASHINGTON (Reuters) – South Korea and the U.S. agreed to boost economic partnerships in critical technology industries such as microchips, electric vehicles and batteries, said South Korean President Yoon Suk Yeol. (Reporting By Trevor Hunnicutt and Jarrett Renshaw; Editing by Chris Reese)
(Reuters) -Chinese police have visited U.S. management consultancy Bain & Company’s office in Shanghai and questioned staff there, a company spokesperson said on Wednesday without elaborating. “We are cooperating as appropriate with the Chinese authorities,” the spokesperson told Reuters by email. “At this time, we have no further comment.” The U.S. embassy in China and …
Chinese police query Bain’s Shanghai office staff – company spokesperson Read More »
By Chen Lin SINGAPORE (Reuters) -Singapore raised taxes on private property purchases in a surprise move late on Wednesday night that includes a doubling of stamp duties for foreigners to an eye-watering 60%. Authorities in Singapore, where real estate is a safe haven investment for wealthy foreigners, keep close tabs on property prices to ensure …
Singapore hikes property stamp duties to cool property market Read More »
By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) -Tokyo Gas hailed the agreement by the Group of Seven rich nation on natural gas investment as it posted a record net profit for the 2022/23 fiscal year on the back of stronger LNG prices, though it warned of a drop in earnings for this year. Japan …
Tokyo Gas hails G7 gas decision as it books record profit Read More »
SHANGHAI (Reuters) – Leaders from a top U.S. business lobbying group said on Wednesday that Beijing’s probe against U.S.-based chipmaker Micron Technology Inc marked a “major concern” for other companies operating in the country. In the absence of data or “real evidence showing that Micron’s products provided or stood as an example of a particular …
Micron case causing concern for US companies in China, business chamber says Read More »
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – Sompo Holdings Inc will place more focus on integrating domestic and overseas operations for further growth after a spell of acquisitions abroad boosted the global presence of Japan’s No. 3 non-life insurer group, a senior executive said. “We rapidly shifted capital allocations to overseas to secure …
Japan’s Sompo to focus on integration after acquisition spree Read More »
BEIJING (Reuters) – China’s banking sector saw its non-performing loan ratio decline 0.09 percentage points year-on-year to 1.68% at the end of the first quarter this year, the sector’s regulator said on Wednesday. Outstanding non-performing loans in the banking sector stood at 3.9 trillion yuan ($563.49 billion) at the end of the first quarter, according …
China’s banking sector’s bad loan ratio declines- regulator Read More »
By Makiko Yamazaki TOKYO (Reuters) -Nomura Holdings Inc, Japan’s biggest brokerage and investment bank, reported a 76% drop in its quarterly net profit as worries about a global banking crisis roiled the global markets and hit its investment banking business. Nomura joined Wall Street investment banks such as Goldman Sachs Group in reporting a slump …
Japan’s Nomura quarterly profit dives 76% as global banking worries hit Read More »
