Reuters Asia Business

By Selena Li and Scott Murdoch SYDNEY (Reuters) -Nomura Holdings Inc has cut 18 Asian banking jobs, most of them China-focused investment roles, after a sharp slowdown in dealmaking activity, according to two sources with direct knowledge of the matter. Japan’s top brokerage and investment bank last week laid off bankers in Hong Kong, Singapore, …

Nomura cuts 18 Asia banking jobs as dealmaking slows -sources Read More »

SHANGHAI/BEIJING (Reuters) -Chinese automaker Xpeng on Tuesday announced price cuts for some models in a notice on its official WeChat account, following similar moves by Tesla and Seres and fuelling expectations of a wider price war. Xpeng lowered the starting prices for its best-selling pure electric P7 sedan to 209,900 yuan ($31,015), according to the …

Chinese EV maker Xpeng joins Tesla, Seres in price cuts Read More »

By Dominique Patton (Reuters) – China’s pork output in 2022 increased by 4.6% from 2021 to reach its highest since 2014, official data showed on Tuesday, confounding some expectations for a smaller rise. Pork output in the world’s top producer of the meat reached 55.41 million tonnes, the highest since 56.71 million tonnes recorded eight …

China’s 2022 pork output rises to highest in eight years Read More »

(Reuters) – Asia ex-China bonds recorded net foreign outflows for the first time in six years in 2022 as major central banks hiked their interest rates aggressively to tame inflationary pressures. Overseas investors sold a net $4.89 billion worth of bonds in India, Indonesia, Malaysia, South Korea and Thailand, marking their first-year net outflow since …

Asian bonds in 2022 saw first foreign outflows in six years Read More »

By Kevin Yao and Ellen Zhang BEIJING (Reuters) – China’s economic growth in 2022 slumped to one of its worst levels in nearly half a century as the fourth quarter was hit hard by strict COVID curbs and a property market slump, raising pressure on policymakers to unveil more stimulus this year. The quarterly growth …

China’s 2022 economic growth one of the worst on record, post-pandemic policy faces test Read More »

By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) – Job cuts are not “top of mind” for Manulife Financial Corp, Canada’s largest insurer, as it sees significant growth opportunities, fuelled particularly by Asia, CEO Roy Gori said on Monday. “We are in growth mode,” Gori told the Reuters Global Markets Forum on the sidelines …

Job cuts not top of mind, ‘phenomenal opportunity’ in Asia -Manulife CEO Read More »

By Divya Chowdhury and Anisha Sircar (Reuters) – Bahrain-based Investcorp is working on multiple initiatives in Indonesia, including one in partnership with the nation’s sovereign wealth fund as it seeks to expand its footprint in Southeast Asia, the firm’s co-chief executive officer said on Monday. “We have two terrific initiatives in Indonesia right now, and …

Investcorp targets Indonesia to expand Southeast Asia footprint Read More »

PARIS (Reuters) – French fashion house Dior on Monday named K-pop star Jimin a global brand ambassador, broadcasting the tie-up on social networks with images of the BTS singer in sporty looks with an outdoor flair, designed by Kim Jones. The move comes as European luxury houses look to tap into the global popularity of …

Dior names K-pop star Jimin global brand ambassador Read More »

By Tim Hepher and Joanna Plucinska DUBLIN (Reuters) -China’s abrupt decision to lift COVID-19 travel curbs could accelerate a global recovery in air traffic – but after widespread staff shortages, the airline industry is now struggling with a shortage of jets, financiers said on Monday. Three years after the spread of COVID-19 grounded thousands of …

Air finance summit tackles jet shortages amid China travel thaw Read More »