Reuters Asia Business Archives - Page 1633 of 2133

US nominee to head World Bank, Ajay Banga, to visit China, other countries

3 Mar 2023 3 Mar 2023

By Andrea Shalal WASHINGTON (Reuters) -U.S. President Joe Biden’s nominee to lead the World Bank, ex-Mastercard Chief Executive Officer Ajay Banga, said he plans to travel to Europe, Asia, Africa and potentially Latin America in coming weeks to hear from donor countries and borrowers on challenges facing the global institution. Speaking with reporters at the …

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Oil rises on easing US rate hike fears, China demand hopes

2 Mar 2023 2 Mar 2023

By Laila Kearney NEW YORK (Reuters) – Oil prices rose on Thursday, boosted by signs of a strong economic rebound in top crude importer China and easing worries of aggressive U.S. rate hikes. Brent crude futures settled at $84.75 a barrel, gaining 44 cents, or 0.5%. U.S. West Texas Intermediate (WTI) crude futures settled at …

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Dollar firms after U.S. labor data suggests more rate hikes

2 Mar 2023 2 Mar 2023

By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) – The dollar strengthened on Thursday after unemployment claims pointed to a still strong U.S. jobs market and other data showed growing labor costs, indicating the Federal Reserve has further to go in raising interest rates to tame inflation. The yield on two-year Treasury notes, which …

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Japanese investors turn net sellers of overseas bonds on U.S. rate worries

2 Mar 2023 2 Mar 2023

By Gaurav Dogra and Kevin Buckland (Reuters) – Japanese investors turned net sellers of foreign bonds last week, after three weeks of buying, as U.S. bonds fell on concerns over further policy tightening by the Federal Reserve. They sold a net 332.6 billion yen ($2.43 billion) worth of overseas bonds last week, marking their first …

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BOJ policymaker calls for vigilance on costs of ultra-easy policy

2 Mar 2023 2 Mar 2023

By Leika Kihara and Takahiko Wada TOKYO/YOKOHAMA, Japan (Reuters) -The Bank of Japan (BOJ) must always stand ready to mitigate the side-effects of prolonged monetary easing, even as it maintains massive stimulus, board member Hajime Takata said on Thursday. Takata said he saw no immediate need to take additional steps to iron out market distortions …

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Nippon Steel could buy more stakes in coking coal and iron ore mines

2 Mar 2023 2 Mar 2023

By Yuka Obayashi and Miho Uranaka TOKYO (Reuters) – Nippon Steel Corp could buy more stakes in coking coal and iron ore mines even after its recent decision to invest in a Canadian mine, as it sees a risk of commodity prices staying high, an executive at the world’s No.4 steelmaker said. Japan’s top steelmaker …

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Major central banks return to inflation fight in February

2 Mar 2023 2 Mar 2023

By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – Major central banks resumed their quest to ramp up interest rates in February after a tepid start to the year with price pressures proving more sticky than markets and many policy makers had hoped for. February saw six interest rate hikes across six meetings by central …

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U.S. outbound investment measure should not be overly broad, Biden official says

2 Mar 2023 2 Mar 2023

By David Shepardson WASHINGTON (Reuters) – The Biden administration is considering a pilot program to address risks about outbound investment in China, Commerce Secretary Gina Raimondo said Thursday. Raimondo said at a Bloomberg News forum a proposed measure restricting U.S. investors from taking stakes in certain Chinese firms should not be overly broad or hit …

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Japan weighs broader tender offer rules as unsolicited takeovers rise

2 Mar 2023 2 Mar 2023

By Makiko Yamazaki TOKYO (Reuters) -Japan’s financial regulator is considering expanding the range of transactions that require a tender offer, in what would be the first revision of such rules in 17 years, as unsolicited takeovers have become more common. The Financial Services Agency (FSA) on Thursday asked an expert panel to review takeover regulations, …

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Taiwan’s FPC offers April-loading gasoil despite refinery overhaul -sources

2 Mar 2023 2 Mar 2023

SINGAPORE (Reuters) – Taiwan’s Formosa Petrochemical Corp (FPC) has continued to offer April spot gasoil cargoes despite ongoing maintenance plans at its Mailiao refinery, three sources close to the matter said on Thursday. The refiner is looking to sell at least one 750,000-barrel 10 ppm sulphur gasoil cargo via tender, they said. The spot availability …

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Reuters Asia Business﻿﻿

Reuters Asia Business