Reuters Asia Business

GUAYAQUIL, Ecuador (Reuters) – Ecuadorian President Guillermo Lasso said on Wednesday that the country is on the verge of closing a free trade agreement with China, a deal that would increase exports and boost employment in the South American country’s manufacturing industry. “A highly efficient negotiation has been carried out in less than 10 months …

Ecuador’s trade agreement with China is ‘practically closed,’ says Lasso Read More »

(Reuters) -U.S. lawmakers have introduced a bipartisan bill to sanction Chinese tech company Huawei Technologies Ltd and Chinese 5G companies, restricting them from accessing U.S. banks. The bill, introduced by Republican senator Tom Cotton and backed by lawmakers such as Senate Majority Leader Chuck Schumer, a Democrat, seeks to “severely sanction” Huawei, and other “untrustworthy” …

U.S. lawmakers introduce bill to restrict Huawei’s access to banks Read More »

By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Japanese manufacturers’ mood soured in the final quarter of 2022 to its lowest in nearly two years, a central bank survey showed, as cost pressures and the prospect of slowing global demand clouded the outlook for the world’s third-largest economy. But service-sector sentiment improved for three straight …

Japan manufacturers’ mood sour as cost pressures bite, service sector upbeat Read More »

By Dhara Ranasinghe, Davide Barbuscia and Yoruk Bahceli (Reuters) -Many of the world’s big bond fund managers, from BlackRock to Vanguard, are optimistic that sovereign debt markets have turned a corner after a rout in 2022 with peak inflation and interest rates finally in sight. Prices of U.S. 30-year Treasuries have gained over 10% in …

Bludgeoned bond markets hope peak inflation will bring revival in 2023 Read More »

By Ankur Banerjee and Harish Sridharan SINGAPORE (Reuters) – Fund managers and investment advisers are returning to battered Asian bond markets, betting on a rebound in 2023, though with a wary eye on the risks of defaults and a global recession. Their optimism on markets that have been falling for nearly two years has been …

Investors see returns in depressed Asian dollar bonds, but risks too Read More »

By Tetsushi Kajimoto and Takaya Yamaguchi TOKYO (Reuters) -Senior officials of Japan’s ruling Liberal Democratic Party’s tax panel agreed on Wednesday to raise key taxes to pay for the defence budget, as the government prepares to present a bill to parliament to boost defence capability. However, the plan to raise corporate and tobacco taxes and …

Japan ruling party tax chief says panel agrees to raise taxes for defence boost Read More »