Reuters Asia Business

By David Lawder and Leika Kihara WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said on Wednesday the yen will find its own level if the Bank of Japan follows “proper monetary policy.” Bessent made the remarks to reporters when asked whether the yen’s recent level was reasonable or a bit too weak. A senior Japanese …

Bessent says yen will find its own level if Bank of Japan follows ‘proper’ policy Read More »

By Andrea Shalal and Karin Strohecker WASHINGTON (Reuters) -Top U.S. and Chinese officials joined a meeting on Wednesday of the Global Sovereign Debt Roundtable, where a key topic was the lack of transparency about commercial bank loans that have complicated developing countries’ debt restructuring efforts. The International Monetary Fund, World Bank and current G20 president …

US, China still committed to global debt efforts, IMF strategy chief says Read More »

By Leika Kihara WASHINGTON (Reuters) -Japan told its G7 counterparts that policymakers must be vigilant against excessively volatile and disorderly moves in the currency market, Finance Minister Katsunobu Kato said on Wednesday. Kato also said he confirmed with U.S. Treasury Secretary Scott Bessent an agreement made last month on exchange-rate policy during bilateral talks, held …

Japan urges G7 to stay vigilant to excessive FX volatility Read More »

(Corrects reporting period from October to December to July to September in paragraph 2) TOKYO (Reuters) -Japanese beverages maker Asahi Group Holdings said on Tuesday it would delay the disclosure of its third-quarter results after a cyberattack last month disrupted everything from beer shipments to access to its accounting system. The company said the disclosure …

Asahi postpones financial results announcement citing cyberattack Read More »

By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Communications Commission said on Wednesday it is moving to revoke the authority of Hong Kong telecom carrier HKT International to operate in the United States, citing national security concerns. The U.S. telecom regulator issued an order to show cause directing HKT and its subsidiaries to explain why …

FCC moves to bar Hong Kong telecom carrier from operating in US Read More »

WASHINGTON (Reuters) -Renewed U.S.-China trade tensions pose a “material” downside risk to the economic outlook, making it more important that the U.S. central bank cut its benchmark interest rate, Federal Reserve Governor Stephen Miran said on Wednesday. “We have to recognize that there is some difference now versus where we thought things were a week …

US-China tensions pose potentially material risk to growth outlook, Fed’s Miran says Read More »

By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The U.S. is close to finalizing a trade deal with South Korea, Treasury Secretary Scott Bessent said on Wednesday, telling reporters that he expected an announcement in the next 10 days. “We are about to finish up with Korea,” Bessent told CNBC. “The devil’s in the details, …

Bessent says US expects to finalize trade deal with South Korea in next 10 days Read More »