Reuters Asia Business

By Xie Yu and Selena Li HONG KONG (Reuters) – JPMorgan is proposing a new Asia credit index with slashed China weighting in parallel to its existing $85 billion Asia credit index, two sources said, amid growing geopolitical tensions and dimming appetite for Chinese property bonds. For the new index, JPMorgan has suggested the weighting …

Exclusive-JPMorgan proposes new Asia credit index with lower China weighting -sources Read More »

By Joe Cash BEIJING (Reuters) – China’s factory activity is expected to have continued to grow in February, a Reuters poll showed on Monday, suggesting that the flashes of domestic demand seen since the zero-COVID policy ended are now strong enough to rekindle upstream sectors. Domestic orders and consumption drove output higher and saw economic …

China’s factory activity likely continued to grow in February – Reuters poll Read More »

By Nidhi Verma NEW DELHI (Reuters) – India’s Essar Group said on Monday it has created a new entity that will control its various businesses and drive $3.6 billion worth of low carbon projects in UK and India over the next five years. Essar, built by billionaire brothers Shashi and Ravi Ruia, sold some of …

Essar creates new unit to drive $3.6 billion low-carbon plan in UK, India Read More »

(Reuters) – China’s net gold imports via Hong Kong in January fell by about 47% from the previous month, Hong Kong Census and Statistics Department data showed on Monday. Net imports into the world’s top gold consumer stood at 22.24 tonnes in January, compared with 42.16 tonnes in December, the data showed. Total gold imports …

China’s net gold imports via Hong Kong fall 47% in January Read More »

By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s new home prices will see a deepening fall in the first half of the year before rebounding at a faster pace in 2023, according to a Reuters poll, as the scrapping of COVID-19 curbs and stimulus policies improve sentiment. New home prices are expected to …

China property price fall to deepen in H1 before rising faster in 2023 – Reuters poll Read More »

By Chen Aizhu SINGAPORE (Reuters) -China’s Yulong Petrochemical has agreed two two-year crude oil supply deals with BP and Chevron to supply its 400,000 barrel-per-day greenfield refinery in northern China from next year, a company official told Reuters on Monday. Yulong Petrochemical, which is building the refinery and a 1.5-million-tonne-per-year ethylene complex in Shandong province, …

Yulong Petrochemical agrees crude supply deals with BP, Chevron for 2024 Read More »

(Reuters) -China’s Ant Group and Japan’s SoftBank Group Corp are seeking to sell their stakes in Indian digital payments firm Paytm in the open market, the Economic Times reported on Monday. The companies had earlier approached Bharti Airtel founder-chairman Sunil Mittal to sell their stakes in Paytm’s parent One 97 Communications, but those talks did …

SoftBank, Ant seek to sell Paytm stake via open market – ET Read More »