Reuters Asia Business

BOGOR, Indonesia (Reuters) – Indonesia and Malaysia, the world’s biggest producers of palm oil, agreed on Monday to work together to fight “discrimination” against the commodity after a meeting between leaders from the countries. The comments by Indonesian President Joko Widodo followed a meeting with Malaysian Prime Minister Anwar Ibrahim, who was making his first …

Indonesia and Malaysia agree to fight “discrimination” against palm oil Read More »

BEIJING (Reuters) – China’s central bank will step up support for private firms as part of steps to shore up the economy, while easing a crackdown on tech companies, Guo Shuqing, Communist party chief of the People’s Bank of China, was quoted by state media as saying. Monetary policy in 2023 will focus on expanding …

China central bank to support private firms, ease tech crackdown – CCTV Read More »

BERLIN (Reuters) – Four out of ten German companies expect business to shrink in 2023, a survey by the German Economic Institute (IW) showed on Monday, blaming high energy costs, supply chain issues and the continuing war in Ukraine. “The risk of a gas shortage in the 2022/23 winter season is no longer as present …

Around 40% of German companies expect output decline in 2023 – IW institute Read More »

(Reuters) -China’s stock regulator is set to stop local companies in certain sectors from listing on the country’s main stock exchanges, the Financial Times reported on Monday, citing two capital markets bankers familiar with the matter. The China Securities Regulatory Commission (CSRC) has informed bankers it has given some industries, including food and beverage and …

China tightens listing guidelines to funnel funding to strategic sectors – FT Read More »

BEIJING (Reuters) -China will not include Pfizer Inc’s Paxlovid in an update to its list of medicines covered by basic medical insurance schemes as the U.S. firm quoted a high price for the COVID-19 drug, China’s Healthcare Security Administration (NHSA) said on Sunday. The COVID-19 antiviral drug is currently covered by the country’s broad healthcare …

China says talks to include Paxlovid in its health insurance drug list fail Read More »

BUENOS AIRES (Reuters) – Argentina and China have formalized the expansion of a currency swap deal, allowing the South American country to increase its depleted foreign currency reserves, the Argentine central bank said on Sunday. Argentina’s government needs to rebuild reserves to cover trade costs and future debt repayments, and more reserves are a key …

Argentina and China formalize currency swap deal Read More »

(Reuters) – China’s fintech giant Ant Group has no plan to initiate an initial public offering (IPO), it said on Sunday in an emailed statement to Reuters. “Ant Group has been focusing on its business rectification and optimisation, and does not have a plan for an IPO,” the company spokesperson said. Ant Group said on …

Ant Group says no plan for IPO, focusing on business optimisation Read More »

BEIJING (Reuters) – Chinese property companies raised a total of 101.8 billion yuan ($14.9 billion) in December, up 33.4% year on year, driven by more state support for the highly indebted sector, according to market researcher CRIC. CRIC surveyed one hundred companies. The figure for the year 2022 was 824 billion yuan, decreasing by 38% …

Financing for Chinese real estate firms jumps 33% year-on-year in Dec Read More »

ISTANBUL (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd is planning a logistics hub at Istanbul Airport and a data centre near the Turkish capital Ankara with an investment of more than $1 billion, its president, Michael Evans, was cited as saying. Turkey’s Sabah newspaper reported Evans as saying in an interview that the …

Alibaba plans $1 billion investment in Turkey – newspaper Read More »