By Emily Chow SINGAPORE (Reuters) – Energy companies in Asian emerging markets are returning to the market for liquefied natural gas (LNG) cargoes as prices have fallen to their lowest in more than a year. Buyers in Thailand, India and Bangladesh have been on the sidelines for months as prices soared following Russia’s invasion of …
LNG interest from Asia’s emerging gas markets rises as prices ease Read More »
By Gayatri Suroyo, Kate Lamb and Ananda Teresia JAKARTA (Reuters) – Indonesian President Joko Widodo is confident Tesla Inc will finalise a deal to invest in a production facility in his country, having offered the U.S. car maker incentives ranging from tax breaks to a concession to mine nickel. Southeast Asia’s largest economy has been …
Exclusive-President Jokowi “confident” Tesla will invest in Indonesia Read More »
By Makiko Yamazaki TOKYO (Reuters) -Nomura Holdings Inc, Japan’s biggest brokerage and investment bank, reported an 11% rise in quarterly net profit on Wednesday, as a partial stake sale in an affiliate offset a slump in investment banking. Nomura’s wholesale division, which houses its investment banking trading and businesses, logged a pretax loss of 1.9 …
Nomura’s Q3 profit grows despite investment banking slump Read More »
SHANGHAI (Reuters) – Global investment banks have raised their forecasts for the Chinese yuan this year on expectations the country’s economic reopening and Beijing’s decision to relax property sector curbs will trigger strong capital inflows. The bullish forecasts follow Beijing’s exit from a crippling zero-COVID strategy in early December and reversion to pro-growth policies to …
Global investment banks project jump in yuan in 2023 Read More »
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan bought a record $182 billion worth of government bonds in January, data showed on Wednesday, underscoring its resolve to defend its yield cap from attack by investors betting on a near-term interest rate hike. The massive buying highlights the increasing difficulty the …
BOJ’s record bond buying highlights challenge for yield control Read More »
By Marc Jones and Gibran Naiyyar Peshimam ISLAMABAD/LONDON (Reuters) – Pakistan’s full-blown economic turmoil, from its biggest ever currency devaluation to a rash of emergency spending cuts, offers the clearest sign yet that the nuclear-armed nation faces the risk of a default unless it receives massive support. Pushed to the brink by last year’s devastating …
Analysis: Pakistan moves toward deal-or-default endgame Read More »
BEIJING (Reuters) – China is seriously concerned about a report that the United States has stopped approving licences for U.S. companies to export items to tech giant Huawei, a foreign ministry spokesperson said on Tuesday. “We are closely following relevant developments,” Mao Ning told a regular news briefing in response to a query on the …
China ‘seriously concerned’ about report U.S. has halted approvals of exports to Huawei Read More »
By Shariq Khan BENGALURU (Reuters) -Oil prices closed steady on Tuesday after recovering from a near three-week low, drawing support from a weakening dollar and on data showing that demand for U.S. crude and petroleum products rose in November. The more active second-month Brent contract settled at $85.46 a barrel, up 96 cents or 1%, …
Oil prices settle steady on higher U.S. demand, weaker dollar Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Tuesday, giving up earlier gains, after data showed U.S. labor costs increased less than expected in the fourth quarter, and before the Federal Reserve is expected to hike rates by 25 basis points on Wednesday. The Employment Cost Index, the broadest measure of labor …
Wage data dents dollar recovery before Fed rate decision Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks rose on Tuesday while U.S. Treasury yields mostly fell as investors assessed economic data and earnings reports ahead of a run of central bank policy announcements. On Wall Street, U.S. stocks were higher, reversing declines in equity futures after data showed labor cost …
Stocks up, yields dip after U.S. data; Fed on deck Read More »
