Reuters Asia Business

LONDON (Reuters) – Nearly half of emerging market investors are bullish on prospects for developing markets in the second quarter, a survey by HSBC showed on Thursday, thanks to rising optimism following the reopening of the Chinese economy. Some two thirds of the respondents expected emerging equities to outperform those of the developed economies in …

Emerging market investors turn increasingly bullish for Q2 -HSBC survey Read More »

SHENZHEN, China (Reuters) – Huawei Technologies on Thursday continued to press ahead against U.S. pressure by launching a new smartphone with a price starting at 4,488 yuan ($658), which it promised has a top end camera though it would only be able to use 4G. Richard Yu, CEO of Huawei’s consumer arm, spent almost an …

Huawei touts camera on latest premium smartphone without 5G Read More »

LONDON (Reuters) – A year of tests run by central banks in Italy, Malaysia and Singapore have spurred hopes for a global instant payments network accessible at the tap of a mobile phone. The ability to send money quickly and cheaply around the world has long been seen as something of a holy grail for …

Central bank tests spur global instant payment hopes Read More »

By Liang-sa Loh and Faith Hung TAIPEI (Reuters) -Taiwan’s central bank raised its policy rate on Thursday in a surprise move reflecting continued concerns about inflation despite recent turmoil on global financial markets, and cut its outlook for the island’s economic growth this year. The central bank, in a unanimous decision, raised the benchmark discount …

Taiwan central bank unexpectedly raises rates, cuts GDP forecast Read More »

By David Shepardson WASHINGTON (Reuters) – TikTok creators and three U.S. Democratic Party lawmakers on Wednesday said they opposed any potential ban on the Chinese-owned short video sharing app that is used by more than 150 million Americans. On Thursday TikTok CEO Shou Zi Chew will testify before the U.S. House Energy and Commerce Committee …

TikTok creators, some U.S. Democratic lawmakers oppose ban on app Read More »

By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – The Philippine central bank stayed in an inflation-fighting mode on Thursday, raising its benchmark interest rate by 25 basis points to 6.25%, but said its next policy decision will depend largely on how consumer prices behave in the coming months. The quarter-point hike, which …

Philippines central bank stays in inflation-fighting mode, hikes rates by 25 bps Read More »

(Reuters) -Japan Airlines has placed its first-ever order for the Boeing 737 MAX, announcing a plan on Thursday to buy 21 jets to replenish its narrowbody fleet. The deal is worth at least $2.5 billion at list prices, Reuters previously reported, and notches a win for Boeing against European rival Airbus, which was in talks …

Japan Airlines and Boeing reach deal for 21 737 MAX jets Read More »

By Makiko Yamazaki TOKYO (Reuters) – Toshiba Corp’s board on Thursday accepted a $15 billion buyout offer from a group led by private equity firm Japan Industrial Partners, the Nikkei business daily reported, potentially drawing a line under years of upheaval for the company. A successful deal would see JIP and its fellow investors – …

Toshiba board accepts JIP’s $15 billion buyout proposal -Nikkei Read More »

BEIJING (Reuters) – Singapore iron ore futures reversed course on Thursday, as a much weaker-than-expected demand for steel dented sentiment. The benchmark April iron ore on the Singapore Exchange traded 0.72% lower at $119.4 a tonne as of 0704GMT. The most-traded May iron ore futures contract on Dalian Commodity Exchange (DCE) ended daytime trading 2.01% …

Singapore iron ore reverses on weaker steel demand Read More »

By Trixie Sher Li Yap SINGAPORE (Reuters) – Asian gasoil stocks have risen sharply in recent weeks as regional refiners are stuck exporting to markets east of the Suez, with narrower opportunities to send barrels to Africa flooded with Russian cargoes, traders and analysts said.     Asia’s stock build follows the European Union’s imposition of sanctions …

Hemmed-in: Asia diesel glut grows after Russia ban Read More »