Reuters Asia Business

BEIJING (Reuters) -China, the world’s largest iron ore consumer, imported a record volume of iron ore in the first two months of 2023 as buyers anticipated higher domestic steel demand after the government lifted tough COVID-19 containment measures. China imported 194 million tonnes of the steel-making ingredient in January and February, posting a year-on-year rise …

China iron ore imports rise 7.3% on year in January-February Read More »

TAIPEI (Reuters) – Taiwan’s exports in February fell annually for a sixth straight month to their lowest level in two years due to a deteriorating global economy, with the outlook remaining dim for at least the first half of the year. Exports last month were down 17.1% by value from a year earlier at $31.05 …

Taiwan Feb exports fall again; H1 outlook poor Read More »

LONDON (Reuters) – Sri Lanka dollar bonds soared and the rupee jumped on Tuesday after President Ranil Wickremesinghe said government has received new financing assurances from China, paving the way for an International Monetary Board programme approval. International bonds issued by the country soared nearly 3 cents in the dollar to trade just under the …

Sri Lanka bonds soar, rupee jumps on prospect of final IMF deal sign off Read More »

By Marianna Parraga (Reuters) – Cheniere Energy expects to ship more liquefied natural gas (LNG) to Asia this year, after European customers took the lion’s share of its 2022 cargoes, an official said on Monday. The top U.S. exporter of LNG shipped a total of 638 cargoes last year, with slightly over 70% delivered to …

CERAWEEK- Asia demand to drive Cheniere’s LNG shipments this year Read More »

By David Shepardson WASHINGTON (Reuters) -A group of 45 state attorneys general in the United States on Monday demanded Chinese-owned social media app TikTok produce subpoenaed materials sought in an ongoing nationwide consumer protection investigation. The states are seeking to review internal TikTok communications to determine whether the company engaged in deceptive conduct that harmed …

State AGs demand TikTok comply with US consumer protection investigations Read More »

By Leika Kihara TOKYO (Reuters) – The Bank of Japan (BOJ) is set to maintain ultra-low interest rates, including a controversial bond yield cap, on Friday as it awaits a leadership transition that could eventually end outgoing chief Haruhiko Kuroda’s massive monetary stimulus. With rising inflation pushing up long-term interest rates, some investors bet the …

BOJ to keep yield cap, ultra-low rates at Kuroda’s last policy meeting Read More »

(Reuters) – Hong Kong-listed casino operator SJM Holdings on Monday forecast a bigger loss for fiscal 2022, hurt by COVID travel restrictions imposed in gambling hub Macau and a significant impairment charge. SJM expects to post an attributable loss of HK$7.80 billion ($993.72 million) for the year ended Dec. 31, compared with a loss of …

HK casino operator SJM sees bigger 2022 loss on COVID travel curbs Read More »