Reuters Asia Business

By Naveen Thukral and Bernadette Christina SINGAPORE/JAKARTA (Reuters) – A move by top palm oil exporter Indonesia to restrict shipments and boost domestic biodiesel consumption is set to squeeze global vegetable oil supplies already undercut by lower output in Southeast Asia and Latin America. Edible oil buyers, including price-sensitive consumers in South Asia and Africa, …

Indonesia palm oil export curbs, biodiesel plans to hit world vegoil supplies Read More »

By Siyi Liu and Dominique Patton BEIJING (Reuters) -China’s copper imports fell 12.7% in December from a year earlier, weighed down by weak demand as factory activity shrank at a sharper pace amid surging COVID-19 infections. Imports of unwrought copper and copper products totalled 514,049 tonnes in December, data from the General Administration of Customs …

China Dec copper imports slide as demand cools, but up in 2022 Read More »

By Scott Murdoch and Clare Jim SYDNEY/HONG KONG (Reuters) -Dalian Wanda Commercial Management raised $400 million in a U.S. dollar bond, a term sheet seen by Reuters showed, in the first publicly sold dollar bond by a Chinese property-related firm since late 2021 when the sector’s debt crisis came to a head. The company, the …

Wanda raises $400 million in dollar bonds in milestone for China property sector Read More »

By Ellen Zhang and Joe Cash BEIJING (Reuters) – China’s exports shrank sharply in December as global demand cooled, highlighting risks to the country’s economic recovery this year, but a more modest decline in imports reinforced views that domestic demand will slowly recover in coming months. While imports are expected to ride a wave of …

China’s trade tumbles sharply in Dec, clouds 2023 growth outlook Read More »

By Steve Scherer and Ismail Shakil OTTAWA (Reuters) -Japan will send a delegation to meet with Canadian battery and mining companies early this year, while Canada is planning a trade mission to Japan later in October, the leaders of both countries announced on Thursday after meeting in Ottawa. As this year’s host of the Group …

Japanese delegation to visit Canada to meet with battery, mining companies Read More »

(Reuters) – Bitcoin rose 6% to $19,005 at 21:04 GMT on Thursday, adding $1,075 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 15.2% from the year’s low of $16,496 on Jan. 1. Ether, the coin linked to the ethereum blockchain network, rose 3.06% to $1,432.8 on Thursday, adding $42.6 to …

Bitcoin rises 6% to $19,005 Read More »

SEOUL (Reuters) – South Korea’s import prices rose at their slowest pace in 21 months in December, as the local won currency strengthened and oil prices fell, implying weakening pressure on consumer inflation. The prices of the country’s imports stood 9.1% higher in December than a year ago, in terms of the won currency, compared …

South Korea Dec import price growth slowest in 21 months Read More »