Reuters Asia Business

By Gaurav Dogra (Reuters) – Foreigners were net sellers in emerging Asia ex-China equity markets in March, hit by a banking crisis in the West while reduced demand from developed markets slowed business activity. Data from stock exchanges in India, Indonesia, the Philippines, South Korea, Taiwan, Thailand and Vietnam showed foreigners exited from a net …

Foreigners sell Asian equities in March on banking sector woes Read More »

HONG KONG/SHANGHAI (Reuters) – Dealmakers at China International Capital Corp (CICC) will see bonuses slashed by as much as 40%, three sources said, in one of the financial sector’s biggest cuts in two years since a renewed government push to narrow income disparity. Some senior dealmakers at China’s third-largest brokerage by market value will see …

Exclusive-Brokerage CICC slashes bonuses as Beijing dials up income disparity rhetoric -sources Read More »

By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – Bank of Japan (BOJ) Governor Haruhiko Kuroda, who retires on April 8, leaves behind a mixed legacy with a massive monetary stimulus that helped create jobs and boost asset prices, but failed to durably achieve its 2% inflation target. Hand-picked by former premier Shinzo Abe to …

Factbox-Scorecard of outgoing BOJ chief Kuroda’s decade-long stimulus Read More »

By Riya Sharma (Reuters) – Bearish bets on most Asian currencies were scaled back, while those on the Singapore dollar and Indonesia’s rupiah turned modestly bullish as investors saw more signs that rate-tightening cycles across the world were nearing an end, a Reuters poll showed on Thursday. Short positions on the Malaysian ringgit and Philippine …

Asian FX bears retreat on hopes of pause to global tightening cycle: Reuters poll Read More »

(Reuters) – Japanese investors heavily bought foreign equities last week, buoyed by easing concerns about banking sector troubles and hopes that the Federal Reserve may be nearing the end of its rate-hiking cycle. They purchased 390.3 billion yen ($2.97 billion) worth of foreign equities, marking the biggest weekly net buying in eleven weeks, data from …

Japanese investors flock to foreign stocks as banking fears ease Read More »

TOKYO (Reuters) – Japanese power generation firm JERA has pushed back against claims made by an Australian climate activist group, saying it had made sufficient disclosures when it issued a $300 million bond in Singapore last year. Market Forces in February lodged a complaint with Singapore Exchange (SGX), saying JERA, Japan’s biggest power generator and …

Japan’s JERA says made sufficient bond disclosures after climate group complaint Read More »

By Fransiska Nangoy and Bernadette Christina JAKARTA (Reuters) – Indonesia, the world’s biggest palm oil biodiesel user, is now working to introduce bioethanol mandates for gasoline to further cut fuel imports and carbon emissions, but it will first have to secure more bio feedstock and solve thorny technical problems. Indonesia imported about 60% of the …

Analysis-Indonesia must jump ethanol feedstock hurdle to repeat biodiesel success Read More »

TOKYO (Reuters) -Seven & i Holdings Co Ltd’s eight independent directors said on Thursday the board would continue to review strategic alternatives as the retail giant faces pressure from some shareholders including ValueAct Capital for broader reforms. “The board will continue to review optimal group structure and strategic alternatives,” including a possible initial public offering …

Seven & i board promises to continue strategic review amid investor pressure Read More »