Reuters Asia Business

(Corrects growth in new home sales up from 0.1% gain the previous month, not 0.9% in second paragraph) BEIJING (Reuters) – New home sales in 16 Chinese cities picked up last week, reflecting an improvement in consumer sentiment due to government support policies and the easing of COVID-19 restrictions, China Index Academy said on Monday. …

China’s weekly new home sales rise on easing COVID curbs Read More »

A look at the day ahead in European and global markets from Anshuman Daga Just as China faces a testing time over its dramatic COVID-19 policy pivot, financial markets are on full alert ahead of interest rate decisions coming out this week from the world’s top central banks. Initial market enthusiasm over China’s easing of …

Marketmind: Hunkering down Read More »

SHANGHAI (Reuters) – Investors snapped up shares of Chinese drugmakers, mask producers, antigen test companies and funeral service providers on Monday, amid fears of soaring mass infections following China’s pivot away from strict zero-COVID policies last week. Medical supplies producers are being bombarded with questions from investors about their capacity, after authorities on Wednesday announced …

China COVID infection fears fuel medical stock bets Read More »

By Leika Kihara TOKYO (Reuters) – Japan’s November wholesale prices rose 9.3% from a year earlier, data showed on Monday, a rate of increase that was almost unchanged from the previous month and showed initial signs of an inflation peak amid easing global commodity prices. It was the 21st consecutive month to show an annual …

Japan’s wholesale inflation near steady at 9.3% as commodity prices ease Read More »

BERLIN (Reuters) – Czech carmaker Skoda Auto, part of Volkswagen, is considering withdrawing from China and will make a final decision next year, CEO Klaus Zellmer was quoted as saying by the weekly magazine Automobilwoche. “The competition is very intense there, so we will consider, together with our Chinese joint venture partner, how we want …

Volkswagen’s Skoda considers withdrawing from China – media report Read More »

By Sonali Paul MELBOURNE (Reuters) – Australia’s gas industry lobby group on Sunday called for urgent talks with Prime Minister Anthony Albanese after learning that the government’s plan to cap gas prices for one year, announced on Friday, includes long-term measures to limit profit margins. The head of the Australian Petroleum Production and Exploration Association …

Gas producers seek urgent talks with Australian prime minister Read More »

By Selena Li HONG KONG (Reuters) – China’s central bank on Saturday warned that climate change and a global move to a low-carbon economy posed risks for domestic financial institutions and said stronger regulation was required. “Climate change and low-carbon transformation will have a major impact on the wealth pattern and the asset management industry,” …

China central bank calls for green finance regulation to be strengthened Read More »

HONG KONG (Reuters) – PwC said on Saturday it plans to invest more than 1 billion yuan ($140 million) to establish an education and innovation centre China’s island province of Hainan, a tourism hub. The Reimagine Park project, to occupy 16 acres in Sanya in the Chinese southern province, is due to open in 2025. …

PwC invests $140 million in China tourist hub for learning centre Read More »

By Samuel McKeith SYDNEY (Reuters) – Australia has proposed forcing east coast gas producers to fix their sales contracts based on their cost of production plus an agreed profit margin after a one-year price cap expires, sparking furious condemnation from the industry on Saturday. The government has set a Dec. 15 deadline for comments on …

Australia seeks to limit gas producers’ profits as prices soar Read More »