Reuters Asia Business Archives - Page 1646 of 2133

China will offer financial support to southern Hengqin economic zone

23 Feb 2023 23 Feb 2023

BEIJING (Reuters) – China will facilitate cross-border capital flow and credit financing for Macau citizens in the Guangdong-Macau in-depth cooperation zone in Hengqin, a special economic zone in southern China, financial regulators said in a statement on Thursday. Facilitation of investment and financing as well as further opening up in the finance sector will also …

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Bearish bets on Asian FX return on renewed woes over Fed rate hikes – Reuters poll

23 Feb 2023 23 Feb 2023

By Tejaswi Marthi (Reuters) – Investors returned to placing bearish bets on all Asian currencies shortly after on the increasing likelihood that the U.S. Federal Reserve would continue hiking rates for longer, helping the dollar regain its lost momentum, a Reuters poll showed on Thursday. Short bets on the Indian rupee firmed further to hit …

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South Korea’s producer price inflation slows to near 2-year low

22 Feb 2023 22 Feb 2023

SEOUL (Reuters) – South Korea’s producer price inflation slowed for a seventh straight month to its lowest in 22 months, central bank data showed on Thursday. The producer price index rose 5.1% in January from a year earlier, while it had climbed 5.8% in December, according to the Bank of Korea. It was the slowest …

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Toyota accepts union demands for biggest wage hike in two decades

22 Feb 2023 22 Feb 2023

By Maki Shiraki and Eimi Yamamitsu TOKYO (Reuters) -Toyota Motor Corp, the world’s biggest automaker, said on Wednesday it would accept a union demand for the biggest base salary increase in 20 years and a rise in bonus payments, as Japan steps up calls for businesses to hike pay. As one of Japan’s biggest employers, …

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Factbox-Who could replace World Bank President David Malpass?

22 Feb 2023 22 Feb 2023

By Valerie Volcovici, Andrea Shalal and David Lawder WASHINGTON (Reuters) -World Bank president David Malpass has said he will resign in June, leaving open a job that oversees billions of dollars of funding and has a direct impact on poverty, climate change preparation, emergency aid and other issues in developing countries around the globe. The …

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Explainer-How Microsoft is addressing antitrust concerns over Activision deal

22 Feb 2023 22 Feb 2023

By Foo Yun Chee BRUSSELS (Reuters) – Microsoft has thrown the gauntlet down over antitrust criticisms, saying on Tuesday it is ready to offer rivals licensing deals in exchange for regulatory approval of its $69 billion deal to purchase video game publisher Activision, but it would not to sell the latter’s lucrative “Call of Duty” …

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Top brands pull out of Russia, but their goods remain easy to find

22 Feb 2023 22 Feb 2023

By Alexander Marrow MOSCOW (Reuters) – Trucks carrying Coca Cola roll across the border into Russia, tourists return from abroad laden with Zara’s latest designs, and local online marketplaces snap up IKEA’s furniture stocks. Western brands may have left the country, but their goods haven’t. Despite European, North American and Japanese companies exiting Russia over …

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Global shares, U.S. Treasury yields, fall ahead of Fed minutes

22 Feb 2023 22 Feb 2023

By Chibuike Oguh NEW YORK (Reuters) -Global equities and U.S. Treasury yields were lower on Wednesday as investors awaited the release of the Federal Reserve’s meeting minutes that are expected to shed light on the trajectory of interest rates. The Fed minutes from the Jan.31 to Feb.1 meeting are set to be published at 2 …

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Italy’s Aeffe records strong start of year in China

22 Feb 2023 22 Feb 2023

MILAN (Reuters) – Chinese sales at Italian fashion group Aeffe rose 24% in the first half of January, its chairman said on Wednesday, expressing confidence about the performance of the region in the remainder of the year. “The year started very well … then we saw a new slowdown at the beginning of February, but …

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China urges state firms to drop Big Four auditors – Bloomberg

22 Feb 2023 22 Feb 2023

(Reuters) -Concerns about data security have prompted Chinese authorities to ask state-owned firms to stop using the four biggest global accounting firms as Beijing seeks to curb the influence of Western auditors, Bloomberg News reported. China’s Ministry of Finance is among government entities that gave informal guidance to some state-owned enterprises as recently as last …

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Reuters Asia Business﻿﻿

Reuters Asia Business