Reuters Asia Business

By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s export growth slowed sharply in December as China-bound shipments fell for the first time in seven months, stoking fears of further slowdown in the global economy and external demand for Japanese shipments. Exports rose 11.5% year-on-year in December after a gain of 20% in November, marking the slowest …

Slumping China-bound Japanese exports raise fears of global downturn Read More »

By Summer Zhen Hong Kong (Reuters) – Hedge funds that bet on a swift shift in the country’s zero-COVID and regulatory policies in late 2022 while the stock market was tumbling and political uncertainty was intense were rewarded handsomely, according to sources and fund documents. The MSCI China index plunged by 17% in October as …

Hedge funds that punted early on China recovery reaped the rewards Read More »

KUALA LUMPUR (Reuters) – Malaysia’s central bank on Thursday unexpectedly kept its benchmark interest rate unchanged at 2.75%, saying it was assessing the impact of four consecutive rate hikes last year. “Today’s decision allows the monetary policy committee to assess the impact of the cumulative past overnight policy rate (OPR) adjustments, given the lag effects …

Malaysia central bank surprises by holding key rate at 2.75% Read More »

HONG KONG (Reuters) – Cathay Pacific Airways Flight Attendants Union said it will start work-to-rule industrial action from Thursday, amid an ongoing dispute over what it has described as long hours that management had not addressed. The 3,000-strong union has said cabin crew face a number of challenges, including shortened layover periods, unfair roster arrangements …

Cathay Pacific flight attendant union to start work-to-rule industrial action Read More »

SHANGHAI (Reuters) -China is expected to keep benchmark lending rates unchanged for a fifth month in January, a Reuters survey showed, although analysts think cuts next month are probable after the central bank pledged steps to boost a COVID-ravaged economy. The imminent golden week holiday, the decision by the People’s Bank of China to leave …

China seen keeping benchmark lending rates unchanged for fifth month Read More »

DAVOS, Switzerland (Reuters) – China could see a sharp recovery in economic growth from the second quarter onwards based on current infection trends after the dismantling of most COVID-19 restrictions, IMF Deputy Managing Director Gita Gopinath said on Wednesday. Speaking to Reuters on the sidelines of the World Economic Forum in Davos, Gopinath also reiterated …

Davos 2023: China recovery could be very quick – IMF’s Gopinath Read More »

By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) – The collapse in the prices of digital assets over the past year will allow investors to focus on the “true value” of this new technology, the distributed ledger and the smart contracts that can be built on them, former Reserve Bank of India Governor Raghuram …

Crypto collapse brings focus to digital assets’ ‘true value’ – ex-India central bank governor Read More »

(Reuters) – Amazon.com Inc will cut some jobs in the United States, Canada and Costa Rica by the end of Wednesday as part of its plan to lay off 18,000 employees, the e-commerce giant said in a memo to staff seen by Reuters. The layoffs are the latest in the U.S. technology sector, with companies …

Amazon to lay off staff in U.S., Canada and Costa Rica by end of day Read More »