Reuters Asia Business

By Kanishka Singh WASHINGTON (Reuters) – China leads the world in counterfeit and pirated products, the office of U.S. Trade Representative (USTR) Katherine Tai said in a report on Tuesday which identified WeChat, China’s most popular chat app, as “one of the largest platforms for counterfeit goods.” “Counterfeit and pirated goods from China, together with …

China leads the world in counterfeit, pirated products -U.S. report Read More »

By Ellen Zhang and Ryan Woo BEIJING (Reuters) -Profits at China’s industrial firms fell 4% in 2022 from a year earlier, official data showed on Tuesday, squeezed by the impact of strict COVID-19 curbs, but an expected economic recovery this year is likely to revive the sector’s sales and earnings. The percentage decline for the …

China’s industrial profits contract in 2022 on COVID woes Read More »

By Asif Shahzad and Ariba Shahid ISLAMABAD (Reuters) -Cash-strapped Pakistan on Tuesday held a first round of talks with the International Monetary Fund (IMF) in a bid to unlock stalled funds from a $7 billion bailout to ward off economic meltdown. Finance Minister Ishaq Dar met IMF Pakistan Mission Chief Nathan Porter, the finance ministry …

Cash-strapped Pakistan talks to IMF in bid to unlock $7 billion bailout Read More »

JAKARTA (Reuters) – Indonesian President Joko Widodo is undecided on candidates for the country’s new central bank governor, he said in a television interview broadcast on Tuesday. Jokowi, as the president is known, was asked during an interview with Berita Satu TV news about the next governor, as the current chief’s term ends this May. …

Indonesian leader undecided on candidates for next central bank governor Read More »

By Medha Singh and Lisa Pauline Mattackal (Reuters) – Big investors are dipping their toes into crypto waters again after a bumper month for bitcoin. Digital asset investment products, often favored by institutional investors, saw inflows of over $117 million last week, the biggest weekly increase since last July, according to data from asset manager …

Cryptoverse: Big investors edge back to bitcoin Read More »

By Ariba Shahid and Mohi Narayan KARACHI/NEW DELHI (Reuters) – Pakistan could face a crunch in fuel supplies in February as banks have stopped financing and facilitating payments for imports due to depleting foreign exchange reserves, traders and industry sources said.     The South Asian nation is facing a balance of payments crisis and …

Pakistan braces for fuel shortages amid liquidity crisis Read More »

TAIPEI (Reuters) – Taiwan’s export orders contracted for a fourth straight month in December, hit by slumping Chinese demand and weaker global consumer spending due to inflation and interest rate hikes. The island’s export orders, a bellwether for global technology demand, slid 23.2% from a year earlier to $52.17 billion, the Ministry of Economic Affairs …

Taiwan Dec export orders fall for 4th month, uncertainty darkens outlook Read More »