Reuters Asia Business

By Leika Kihara WASHINGTON (Reuters) – China can phase out currency intervention by gradually reducing the amount and frequency of its forays into the market, the country’s central bank governor said on Saturday, underscoring Beijing’s resolve to keep up efforts to boost the yuan’s global presence. People’s Bank of China Governor Yi Gang also said …

China’s central bank chief signals phasing out currency intervention Read More »

By Leika Kihara WASHINGTON (Reuters) – The Bank of Japan may have scope to tweak its bond yield target this year on growing prospects the country will see a durable rise in wages, a senior International Monetary Fund official said on Saturday. Ranil Salgado, the IMF’s Japan mission chief, said the outcome of this year’s …

IMF sees scope for BOJ to tweak yield target this year Read More »

BEIJING (Reuters) – Shanghai will encourage SAIC Motor and other vehicle manufacturers to actively participate in automotive chip investment, as well as support the formation of expert groups and industry alliances, government media The Paper reported on Saturday. (Reporting by Beijing newsroom; Writing by Liz Lee; Editing by Alex Richardson)

(Reuters) – The International Monetary Fund is seeking “necessary” financing assurances from Pakistan as soon as possible to conclude a bailout pact with the South Asian nation, Bloomberg News reported on Saturday. Meetings between Pakistan and the IMF achieved agreement on the need to maintain strong policies and secure sufficient financing to support the country’s …

IMF seeks more funding assurances before pact on Pakistan aid – Bloomberg News Read More »

BEIJING (Reuters) -China’s new home prices rose in March at the fastest pace in 21 months, official data showed on Saturday, suggesting the market is out of the doldrums amid a flurry of support policies, but there is uncertainty on the strength of the momentum. New home prices in March edged up 0.5% month-on-month after …

China March new home prices rise at fastest pace in 21 months Read More »

By Andrea Shalal WASHINGTON (Reuters) -International Monetary Fund chief Kristalina Georgieva said on Friday that debtors and creditors made “tangible progress” on debt restructuring issues this week, but urged countries facing mounting debt problems to seek help earlier in the process. A new sovereign debt roundtable was helping to accelerate work on debt restructurings, Georgieva …

IMF’s Georgieva sees ‘tangible progress’ on debt issues, urges seeking help earlier Read More »

(Reuters) – Japan’s Sega Sammy Holdings Inc is nearing a deal to acquire Rovio Entertainment, the company behind the ‘Angry Birds’ mobile game, for about $1 billion, the Wall Street Journal reported on Friday. Tokyo-based Sega could finalize the deal to complete the acquisition of Rovio by early next week, the report said citing people …

Sega nears deal to acquire Angry Birds maker Rovio for $1 billion – WSJ Read More »

By Leika Kihara WASHINGTON (Reuters) – China’s central bank governor on Friday took a swipe at efforts by Western economies to trade more with allies and rely less on the world’s largest goods-exporting country, saying such “friend-shoring” attempts could prevent global supply chain tension from easing. Reducing their deep dependence on supply chains with China …

China takes swipe at Western ‘friend-shoring’ efforts Read More »

By Leika Kihara WASHINGTON (Reuters) – Bank of Korea Governor Rhee Chang-yong said on Friday the biggest challenge for emerging market central banks could be to deal with a return of secular stagnation and low interest rates, rather than combatting higher inflation. “In terms of our strategy in coping with higher inflation, we’re following the …

Bank of Korea chief says secular stagnation a tougher woe for emerging nations Read More »