Reuters Asia Business

By Carolina Mandl NEW YORK (Reuters) – Short-seller Hindenburg Research disclosed on Wednesday short positions in India’s Adani Group, citing potential stock manipulation and accounting fraud in a report. The allegations sent bonds and shares in the conglomerate’s companies down. Hindenburg has a track-record of finding corporate wrongdoings and placing bets against the companies. WHAT …

Explainer-Who is behind Hindenburg, the company that is shorting Adani? Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar edged higher against the euro on Thursday after data showed the U.S. economy maintained a strong pace of growth in the fourth quarter, backing the case for the U.S. Federal Reserve to maintain its hawkish stance for longer. Gross domestic product increased at a 2.9% …

Dollar higher as strong U.S. data backs a hawkish Fed Read More »

By Scott DiSavino NEW YORK (Reuters) – Oil prices rose about 2% on Thursday on expectations that global demand will strengthen as top oil importer China reopens its economy and on positive U.S. economic data. Brent futures rose $1.35, or 1.6%, to settle at $87.47 a barrel, while U.S. West Texas Intermediate (WTI) crude rose …

Oil settles up 2% on strong U.S. data, China reopening Read More »

By Makiko Yamazaki and Kevin Krolicki TOKYO (Reuters) – Toyota’s chief executive will step down as head of the company his grandfather founded, the automaker said on Thursday, handing over to the leader of its Lexus luxury brand as the Japanese giant struggles to meet the shift to electric vehicles. The 53-year-old chief branding officer …

Lexus chief to take over Toyota as founder’s grandson steps down Read More »

By Alessandro Diviggiano SANYA, China (Reuters) – China’s scrapping of travel curbs this month is expected to revive demand in the global luxury retail market, but many consumers see more reasons to do their high-end shopping locally on the tax-free island of Hainan. On Wednesday, thousands of travellers in Hainan’s Sanya city packed the CDF …

China’s luxury shoppers free to travel, but many buy locally Read More »

By Scott Murdoch, Yantoultra Ngui and Roxanne Liu SYDNEY/SINGAPORE (Reuters) – China’s reopened borders and renewed focus on boosting the sagging economy have brightened the deals outlook, with bankers starting to field interest for mergers, acquisitions and fundraising involving the world’s second-largest economy. The prospect of a revival in deals comes as Chinese policymakers try …

China’s open borders and push to stoke economy may revive dealmaking, advisers say Read More »