Reuters Asia Business

By Lewis Jackson and Dominique Patton SYDNEY (Reuters) – Chinese cotton buyers are buying up Australian product in anticipation the unofficial ban that decimated Australian cotton exports to China could lift amid a diplomatic thaw that has already seen trade resume in other sanctioned commodities. Australian cotton is being shipped to a bonded warehouse in …

Australian cotton clears Chinese customs on bets sanctions will end Read More »

New York (Reuters) – A team of Reuters reporters on Monday won a George Polk Award for reports that revealed the widespread use of child labor among suppliers to Hyundai Motor Co in the U.S. state of Alabama. The series of stories, “Undocumented and Underage,” has prompted at least 10 probes by U.S. and Alabama …

Reuters wins George Polk Award for uncovering child labor in Hyundai supply chain Read More »

By Sarah Young LONDON (Reuters) -Britain’s BrewDog has struck a deal for its flagship craft beer Punk IPA to be made in China, as it seeks to expand its sales and reach ahead of an initial public offering (IPO) in the coming years. Scotland-based BrewDog said on Monday it had signed a joint venture with …

Britain’s BrewDog aims to put Punk IPA on the map in China Read More »

BEIJING (Reuters) -China has launched a pilot scheme to boost private investment in the real estate sector, which should involve at least 30 million yuan ($4.37 million) of fundraising in its first round, its securities regulator said on Monday. Investors in the scheme, predominantly institutional, should offer no less than 10 million yuan each to …

China launches pilot scheme to boost private investment in real estate Read More »

JAKARTA (Reuters) – Indonesia expects to bring its budget to a narrower fiscal deficit next year, even as its economic growth is predicted to accelerate, senior officials said on Monday, as President Joko Widodo aims to finish its remaining infrastructure projects. Indonesia recorded a 464.3 trillion rupiah ($30.64 billion) fiscal deficit in 2022, or 2.38% …

Indonesia plans to narrow 2024 fiscal deficit, sees higher GDP growth Read More »

By Julie Zhu and Xie Yu HONG KONG (Reuters) -The disappearance of a star Chinese dealmaker has left his bank struggling to reassure clients and staff, people with knowledge of the matter said on Monday, and has heightened concerns about “key man risk” for investors. Shares of China Renaissance Holdings fell by as much as …

Chinese bank seeks to reassure over missing star dealmaker Read More »