Reuters Asia Business Archives - Page 1754 of 2133

Malaysia’s PRefChem to load first olefin export cargo after fire – sources

8 Dec 2022 8 Dec 2022

(Reuters) – Malaysia’s Pengerang Refining and Petrochemical (PRefChem) is expected to load an ethylene cargo next week, the first export since restarting its naphtha cracker last week, two people with knowledge of the matter said on Thursday. The unit’s restart and petrochemical exports could hurt sentiment in naphtha markets as demand for the light distillate …

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Indonesia to allow former politicians to head central bank – sources

8 Dec 2022 8 Dec 2022

By Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s parliament and government have agreed on a clause in a new financial bill to allow former politicians to stand as central bank governor, three sources familiar with the discussions told Reuters. Plans by parliament in the last few years to overhaul how the central bank operates have raised …

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Investors revive wagers on Bank of Japan policy change

8 Dec 2022 8 Dec 2022

By Junko Fujita TOKYO (Reuters) – Global investors are short-selling Japanese bonds and driving its other market yields higher, reviving bets that the Bank of Japan will need to tweak its ultra-easy monetary policy sooner rather than later. The wagers have perked up after data late last month showed consumer prices in Tokyo rose at …

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Marketmind: So what’s up with Treasuries?

8 Dec 2022 8 Dec 2022

By Wayne Cole SYDNEY (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Asking for a friend. Because it is not often 10-year yields suddenly drop 11 basis points, break a chart big barrier and hit three-month lows for no discernible reason. Some point a finger at the …

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Dollar eases against major currencies amid rate, economic concerns; yuan strengthens

7 Dec 2022 7 Dec 2022

By Caroline Valetkevitch NEW YORK (Reuters) – The U.S. dollar weakened slightly against major currencies on Wednesday amid concerns that rising interest rates could push the U.S. economy into recession, while an easing of China’s COVID restrictions boosted the yuan. Some U.S. bank executives are bracing for a worsening U.S. economy next year. Among them, …

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Chinese M&A interest in Australia picks up as political ties thaw

7 Dec 2022 7 Dec 2022

By Scott Murdoch SYDNEY (Reuters) -Chinese companies are showing renewed interest in Australian acquisition targets including natural resources and agricultural assets, as hopes swirl that a diplomatic thaw between the two countries will yield more deals next year, bankers and lawyers said. In recent weeks, some banks have received mandates from Chinese companies looking at …

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Stocks, bond yields dip as U.S. data muddies Fed rates outlook

7 Dec 2022 7 Dec 2022

By Herbert Lash and Danilo Masoni NEW YORK/MILAN (Reuters) -World stocks slid further and Treasury yields weakened on Wednesday as U.S. worker productivity data beat forecasts but extended a weak trend, further muddying a debate on how far and how fast U.S. interest rates will rise. Third quarter productivity rebounded at a slightly faster pace …

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U.S. blacklists companies for aiding Russian military

7 Dec 2022 7 Dec 2022

By David Shepardson WASHINGTON (Reuters) -The Biden administration on Wednesday added 24 companies and other entities to an export control list for supporting Russia’s military or defense industrial base, Pakistan’s nuclear activities or for supplying an Iranian electronics company. The entities, based in Latvia, Pakistan, Russia, Singapore and Switzerland, were added over U.S. national security …

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EU escalates WTO case against China over patents, Lithuania

7 Dec 2022 7 Dec 2022

By Philip Blenkinsop BRUSSELS (Reuters) – The European Commission said on Wednesday it had requested the formation of adjudicating panels at the World Trade Organization, the next step in two trade disputes with China after failing to resolve them bilaterally. The disputes, both brought to the WTO at the beginning of the year, concern alleged …

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China’s Xi on ‘epoch-making’ visit to Saudi as Riyadh chafes at U.S. censure

7 Dec 2022 7 Dec 2022

By Aziz El Yaakoubi and Eduardo Baptista RIYADH (Reuters) -Chinese President Xi Jinping began a visit to Saudi Arabia on Wednesday that Beijing said marked its biggest diplomatic initiative in the Arab world, as Riyadh expands global alliances beyond a longstanding partnership with the West. The meeting between the global economic powerhouse and Gulf energy …

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Reuters Asia Business﻿﻿

Reuters Asia Business