Reuters Asia Business

By Mohi Narayan and Shariq Khan BENGALURU, India (Reuters) – Oil producers may have to reconsider their output policies following a demand recovery in China, the world’s second-largest oil consumer, the International Energy Agency’s Executive Director Fatih Birol said on Sunday. Demand in China, the world’s largest crude importer and No. 2 buyer of liquefied …

China’s oil demand bounce may push producers to reconsider output – IEA Read More »

(Reuters) – India’s Ministry of Electronics and Information Technology (MeitY) has begun a process to ban and block 138 betting apps and 94 loan lending apps with Chinese links, India’s ANI reported on Sunday, citing sources. The Ministry of Home Affairs recommended the MeitY ban and block these apps by the coming week under Section …

India to ban Chinese-linked betting and loan lending apps- ANI Read More »

TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple Inc, said on Sunday its revenue in January jumped 48.2% year-on-year, as it shook off COVID disruptions in China. Revenue in January reached a record high, at T$660.4 billion ($22 billion), with operations returning to normal and shipments increasing …

Foxconn’s January sales surge as China COVID disruption shaken off Read More »

TOKYO (Reuters) – Japanese Deputy Chief Cabinet Secretary Seiji Kihara on Sunday stressed the need to achieve an economy where inflation rises stably and sustainably, when asked whether the next central bank governor should maintain ultra-easy monetary policy. “What’s important is to create economic conditions where prices rise stably and sustainably,” Kihara told a television …

Japan needs stable, sustained inflation, govt executive says Read More »

By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka is completing the pre-requisites to unlock a $2.9 billion bailout from the International Monetary Fund (IMF) and expects rapid approval from the global lender, President Ranil Wickremesinghe said on Saturday. “We are successfully completing the difficult stage required to get support from the International Monetary Fund. We expect …

Sri Lanka completing pre-requisites for IMF aid – President Read More »

(Reuters) – The U.S. is considering new sanctions on Chinese surveillance companies over sales to Iran’s security forces, the Wall Street Journal reported on Saturday citing people familiar with the matter. U.S. authorities are in advanced discussions on the sanctions and have zeroed in on Tiandy Technologies Co, an electrical equipment manufacturer based out of …

U.S. weighs sanctions for Chinese companies over Iran surveillance buildup – WSJ Read More »

TOKYO (Reuters) – Japan’s government will begin restricting exports of advanced semiconductor manufacturing equipment to China in Spring after it amends a foreign exchange law to allow the change, Kyodo News reported on Saturday. The new regulation will not mention China specifically in a bid to reduce the risk of retaliation by Beijing, the report …

Japan to restrict chip manufacturing machine exports to China – Kyodo Read More »

By David Shepardson WASHINGTON (Reuters) -Honda Motor Co on Friday issued a “Do Not Drive” warning for 8,200 Acura and Honda vehicles with unrepaired Takata air bag inflators in the United States. The urgent warning covers various 2001-2003 model year Honda Accord, Civic CR-V and Odyssey, Pilot and Acura 3.2CL and 3.2 TL vehicles with …

Honda issues ‘Do Not Drive’ warning for 8,200 U.S. vehicles over air bag risks Read More »

MANILA (Reuters) – The Philippine central bank will focus on inflation rather than the Federal Reserve’s recent policy action when it meets on Feb. 16 to review key interest rates, its governor said on Saturday. “Next meeting will focus on inflationary expectations in PH, not the Fed’s 25 bps rate increase,” Bangko Sentral ng Pilipinas …

Philippines central bank to focus on inflation at next policy meeting -governor Read More »