Reuters Asia Business

SHANGHAI (Reuters) – China is expected to keep benchmark lending rates unchanged for the third straight month on Monday, a Reuters survey showed, as policymakers remain reluctant to drive the yuan lower by further easing monetary conditions. The loan prime rate (LPR), which banks normally charge their best clients, is calculated each month after 18 …

China seen leaving lending benchmarks unchanged, wary of yuan weakness Read More »

WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai and Japanese industry minister Yasutoshi Nishimura discussed new U.S. electric vehicle tax credits during a meeting on the sidelines of a summit in Bangkok, Tai’s office said on Thursday. During their meeting on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, Tai “also raised the status of …

Top U.S., Japanese trade officials discuss electric vehicle tax credits -U.S. statement Read More »

NEW YORK (Reuters) – China is likely to post real gross domestic growth (GDP) of 4.5% next year, largely due to the country’s gradual exit from its zero-COVID policy that could lead to a rise in consumption, Goldman Sachs wrote in a research note on Thursday. China is battling coronavirus outbreaks in numerous major cities, …

Goldman sees China’s real GDP growth rising to 4.5% in 2023 Read More »

ISLAMABAD (Reuters) – Pakistan and the International Monetary Fund (IMF) will “expeditiously” finish their technical engagement as part of the ninth review of Pakistan’s bailout programme, Pakistan’s finance ministry said on Thursday. Pakistani finance minister Ishaq Dar held a virtual meeting with the IMF Mission Chief for Pakistan, Nathan Porter. “Engagement at the technical level …

Pakistan, IMF plan to move fast on bailout programme Read More »

By Alberto Alerigi SAO PAULO (Reuters) – Chinese automaker BYD Co Ltd will start selling two new electric vehicle models in Brazil this month, betting on favorable political and environmental developments in Latin America’s largest vehicle market, the company said. “I believe now is the right time politically and environmentally for us to invest in …

China’s BYD expands electric vehicle operation in Brazil Read More »

By Daphne Psaledakis WASHINGTON (Reuters) -The United States on Thursday imposed sanctions on over a dozen companies based in China, Hong Kong and the United Arab Emirates that Washington accused of facilitating the sale of Iranian petrochemicals and petroleum products to buyers in East Asia. The latest U.S. move against Iranian oil smuggling comes as …

U.S. imposes new sanctions over Iran sanctions evasion, targets Chinese firms Read More »

MEXICO CITY (Reuters) – Lithium prices are set to remain high through 2022 and the first months of 2023, a top executive for Chilean miner SQM said on Thursday during a call to discuss its third-quarter results. The firm also announced that it will start operations in its new plant in China during the second …

SQM expects lithium prices to remain high, announces China plans Read More »