Reuters Asia Business

(Reuters) – Japanese trading firm Marubeni Corp started commercial operation based on the feed-in tariff program for renewable energy at Akita Port offshore wind farm on Tuesday, it said in a statement. Japan’s offshore wind power market, part of the country’s goal to be carbon neutral by 2050, is set to grow as the government …

Japan’s Marubeni starts commercial operation at Akita offshore wind farm Read More »

SEOUL (Reuters) – Most Bank of Korea board members at a Jan. 13 meeting turned cautious about interest rates rises, even though a majority voted for one on that day, meeting minutes showed on Tuesday. Two of six members cited in the minutes opposed the rise implemented on that day, one of those two also …

Bank of Korea board cautious on more rate hikes – Jan meeting minutes Read More »

MANILA (Reuters) – The head of the Philippine nickel mining industry warned on Tuesday that the government’s plan to impose an up to 10% tax on nickel ore exports could force local producers to close up shop. “The initial proposal in the House of Representatives was 10%. That will kill the industry,” Dante Bravo, president …

Philippine nickel mining group rejects proposed tax on ore exports Read More »

BANGKOK (Reuters) – Thailand’s economy continued to recover in December, boosted by increased tourism and domestic consumption, while exports were affected by the slowing economies of trading partners, the central bank on Tuesday. Economic activity was likely to improve steadily as the vital sector gained momentum, the Bank of Thailand said in a statement, adding …

Thai economy continued to recover in December – central bank Read More »

By Joyce Lee and Heekyong Yang SEOUL (Reuters) – South Korea’s Samsung Electronics Co Ltd on Tuesday indicated it has no plan to cut investment in chips this year, even as a weak global economy condemns the industry to its worst downturn in over a decade. The guidance bucks a broader industry trend to scale …

Samsung to keep up chip investment, undeterred by 8-year-low profit Read More »

SHANGHAI (Reuters) – Chinese electric vehicle (EV) giant BYD said on Tuesday it is working on a potential acquisition of Yi’an P&C Insurance Co, an insurer that was seized by Chinese regulators two years ago as part of a crackdown on financial conglomerates. Chinese business publication Caixin reported earlier this month, citing unnamed sources, that …

China’s EV giant BYD in talks to acquire insurer Yi’an Read More »

By Naomi Rovnick, Marc Jones and Yoruk Bahceli LONDON (Reuters) – From stocks to government bonds, markets have had one of their best starts to the year in decades but whether the run lasts depends on a Goldilocks scenario of inflation easing, economic growth holding up and borrowing costs falling. After $14 trillion was wiped …

Goldilocks is back! Markets start 2023 in red-hot form Read More »

SYDNEY (Reuters) -The trade ministers of Australia and China will hold a virtual meeting next week, Australia’s trade minister, Don Farrell, told broadcaster ABC in an interview on Tuesday. The meeting between China’s Wang Wentao and Farrell would be the first between the commerce and trade ministers of both nations in three years. Relations between …

Australia and China trade ministers to hold virtual meeting next week Read More »