Reuters Asia Business

By Makiko Yamazaki TOKYO (Reuters) -Mitsubishi UFJ Financial Group Inc and Mizuho Financial Group on Thursday reported strong third-quarter profits in their core businesses thanks to an economic rebound in Japan and solid loan demand abroad. Economic activity in Japan recovered from a pandemic-driven slump, boosting business lending, while higher interest rates fuelled demand for …

Mitsubishi UFJ, Mizuho report strong Q3 results on solid loan demand Read More »

(This Feb. 1 story has been corrected to fix the name of CIO in the “Going Private” section to Nicoll from Nicole) LONDON (Reuters) – The end of the easy-cash era is over and its impact yet to be felt on world markets, hopeful that the pain of aggressive rate hikes and high inflation has …

End of easy-cash era is going to hurt Read More »

TOKYO (Reuters) -The operator of Japan’s largest airline, ANA Holdings Inc, raised its full-year profit forecast as travel demand recovers following the easing of COVID-19 border curbs. ANA now expects operating profit to reach 95 billion yen ($739 million) in the year through March, up from a previous estimate of 65 billion yen. The consensus …

Japan’s ANA Holdings raises profit forecast as travel demand recovers Read More »

By Daniel Leussink TOKYO (Reuters) -Japan’s Panasonic Holdings Corp lowered its annual operating profit forecast by 12.5% on Thursday after lower-than-expected third-quarter earnings, hit by headwinds from a slowing global economy and persistently high raw materials prices. The company faces challenges amid a tricky outlook for global growth, as it looks to further build out …

Panasonic cuts full-year outlook as costly raw materials weigh Read More »

HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) raised its base rate charged through the overnight discount window by 25 basis points to 5.0% on Thursday, hours after the U.S. Federal Reserve delivered a rate hike of the same margin. Hong Kong’s monetary policy moves in lock-step with the United States as the city’s …

Hong Kong’s cenbank raises interest rate after Fed hike, HSBC keeps rate unchanged Read More »

TOKYO (Reuters) – Japan’s Sony Group Corp on Thursday raised its annual operating profit forecast by 1.7%, helped by its PlayStation game division, but the latest outlook still misses analysts’ estimates narrowly. The electronics and entertainment giant now expects its operating profit for the year to March 31 to total 1.18 trillion yen ($9.17 billion), …

Sony revises up full-year outlook, still misses analysts’ estimates Read More »

By Leika Kihara SHIZUOKA, Japan (Reuters) -Bank of Japan (BOJ) Deputy Governor Masazumi Wakatabe on Thursday warned against watering down the bank’s 2% inflation target, saying that doing so would undermine the effects of its ultra-loose monetary policy. He also said the central bank must be cautious about making further tweaks to its policy of …

BOJ’s deputy governor warns against watering down inflation target Read More »

By Josh Smith SEOUL (Reuters) – Last year was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion, led by attackers linked to North Korea who netted more than ever before, a U.S.-based blockchain analytics firm said in a report on Wednesday. The report by Chainalysis found hacking activity …

Crypto hacks stole record $3.8 billion in 2022, led by North Korea groups – report Read More »