Reuters Asia Business

By Kantaro Komiya TOKYO (Reuters) -Japan is considering relaxing controls on exports to South Korea as its president, Yoon Suk-yeol, seeks to improve ties amid a strained East Asian security environment, the Sankei newspaper reported on Saturday. Japan will decide whether to ease the curbs on shipping high-tech materials, which it imposed in 2019 over …

Japan eyes easing S.Korea export controls as Seoul seeks to improve ties -media Read More »

By Herbert Lash NEW YORK (Reuters) -World stocks rallied and the dollar edged up from eight-month lows on Friday as slowing inflation data raised hopes the Federal Reserve can engineer an economic soft landing and reduce its pace of aggressive monetary tightening next week. U.S. consumer spending fell for a second straight month in December, …

Stocks, dollar gain on allure of Fed soft landing Read More »

By Niket Nishant (Reuters) – Mastercard Inc and Visa Inc will rely on China reopening to give travel spending a boost, Wall Street analysts said, as the pace of growth in other parts of the world eases from a post-pandemic boom. Executives at the payments companies on Thursday pointed to further room for travel recovery …

Visa, Mastercard pin hopes on China reopening as travel boom fades Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar clung to modest gains against the euro on Friday after data showed falling U.S. consumer spending and cooling inflation, and as investors awaited a slew of central bank meetings next week. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, dropped 0.2% last …

Dollar clings to gains after U.S. data; traders eye Fed next week Read More »

WASHINGTON (Reuters) – The United States has secured a deal with the Netherlands and Japan to restrict exports of some advanced chip-making machinery to China in talks that concluded on Friday, Bloomberg reported, citing people familiar with the matter. The agreement would extend some export controls the United States adopted in October to companies based …

U.S. secures deal with Netherlands, Japan on China chip export limit – Bloomberg Read More »

By Emma Farge GENEVA (Reuters) -China and the United States exchanged sharp criticism at a World Trade Organization meeting on Friday, with Beijing calling Washington a “unilateral bully” and the U.S. accusing its rival of illegal retaliatory measures. China’s ambassador to the WTO Li Chenggang spoke at a meeting on trade disputes shortly after the …

China, U.S. spar at WTO meeting over disputes Read More »

By Shariq Khan, Laura Sanicola and Seher Dareen (Reuters) – Jet fuel prices have risen to levels never recorded in January as demand from China’s lifting of COVID-19 travel restrictions and U.S. refinery outages, with the surge likely to continue, analysts and refining executives say. Chinese flight activity has more than tripled since early December …

Jet fuel prices up as demand jumps, refinery outages limit supply Read More »