Reuters Asia Business

By Trixie Sher Li Yap and Muyu Xu SINGAPORE (Reuters) – China’s February gasoline exports may fall a second straight month to hit their lowest in eight years as domestic consumption rebounds after the nation emerged from COVID lockdowns, industry and market sources said, likely buoying Asian refining margins. Refiners in the world’s No. 2 …

China gasoline exports may hit 8-year low in Feb on domestic demand recovery Read More »

By Mica Rosenberg, Kristina Cooke and Joshua Schneyer NEW YORK (Reuters) -Thirty-three members of Congress are urging the U.S. Labor Secretary to seek strong and swift penalties against those responsible for child labor in automotive plants after a Reuters investigation found kids as young as 12 working in Alabama factories that make parts for Hyundai …

Exclusive-U.S. lawmakers press Labor Department to probe child labor in Hyundai supply chain Read More »

By Leika Kihara TOKYO (Reuters) – Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya, who is seen as a top contender to become next central bank chief, said on Friday he saw no imminent need to make further tweaks to its yield control policy. Speaking in parliament, Amamiya said he was mindful of the demerits …

BOJ’s deputy governor Amamiya sees no imminent need to tweak YCC Read More »

BERLIN (Reuters) – Germany’s Saarland state would not block Chinese electric carmaker BYD as a possible investor for a Ford car plant seeking new ownership, the state premier said on Friday after reports of BYD’s interest. “To be honest, Ford is an American company and we didn’t like the decisions they made. (Country of origin) …

German state open to Chinese firm taking over Ford plant Read More »

By Daniel Leussink TOKYO (Reuters) -Japan’s Honda Motor Co on Friday posted a better-than-expected 22% rise in third-quarter operating profit, as a weak yen helped offset rising raw material costs and lower vehicle production and sales amid shortages of computer chips. Operating profit for the three months to Dec. 31 stood at 280.4 billion yen …

Honda reports 22% rise in Q3 operating profit, beating estimates Read More »

By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – Japan’s ticking debt time bomb will likely complicate the next central bank governor’s task of steering a smooth exit from ultra-loose monetary settings, with rising long-term interest rates already forcing policymakers to amend budget projections. Prime Minister Fumio Kishida’s administration has nominated Kazuo Ueda, a former …

Analysis-Japan’s debt time bomb to complicate BOJ exit path Read More »

By Takaya Yamaguchi and Kentaro Sugiyama Tokyo (Reuters) -Japan’s government is likely to appoint academic Kazuo Ueda, a former member of the Bank of Japan’s policy board, as the bank’s next governor, two government officials told Reuters, a choice seen by markets as driving the bank in a more hawkish direction and boosting the yen. …

Japan govt set to appoint academic Ueda as next BOJ governor – sources Read More »

BEIJING (Reuters) -The United States is violating the principles of market economy and international trade rules in considering a ban on Chinese citizens buying property in the United States, the Chinese foreign ministry said on Friday. “Generalizing the concept of national security and politicising economic, trade and investment issues violate the rules of market economy …

China says proposed U.S. ban on Chinese buying U.S. property violates market rules Read More »