By Noriyuki Hirata and Rocky Swift TOKYO, Dec 11 (Reuters) – Japanese markets could be jolted next year if the central bank finds itself “behind the curve” in taming inflation, according to BlackRock Japan’s chief investment strategist Yuichi Chiguchi. The Bank of Japan is widely expected to increase its key policy rate next week by …
HANOI, Dec 11 (Reuters) – Shares of VPBank Securities, the brokerage arm of Vietnam Prosperity Bank, fell in their trading debut on Thursday following the company’s $482 million initial public offering, Vietnam’s largest in at least three years. As of 0650 GMT, the stock had extended its decline, sliding 12.7% to 29,600 dong, well below …
Vietnam brokerage VPBank’s shares slide on trading debut Read More »
HONG KONG, Dec 11 (Reuters) – Hong Kong’s de-facto central bank lowered on Thursday its base interest rate by 25 basis points to 4.0%, in line with a cut by the U.S. Federal Reserve, but major lenders declined to pass on the reduction to customers. Hong Kong’s monetary policy moves in lock-step with the United …
Hong Kong cuts interest rate but major banks keep lending rates steady Read More »
HANOI, Dec 11 (Reuters) – Vietnam’s parliament on Thursday approved a revised law that restricts exports of refined rare earths and reaffirms a ban on ore exports, in a bid to support a domestic industry that has struggled for decades to exploit its substantial reserves. Vietnam has some of the world’s largest deposits of rare …
Vietnam curbs exports of refined rare earths, reaffirms ban on ore trade Read More »
TOKYO, Dec 11 (Reuters) – Japan’s government plans to introduce additional tax breaks to spur corporate investment, the Nikkei business daily reported on Thursday – a move which comes despite growing concerns in financial markets about the country’s rising debt. Tax breaks under consideration include either giving companies a tax credit of up to 7% …
Japan’s government reportedly plans new tax breaks despite debt concerns Read More »
By Sneha Kumar Dec 11 (Reuters) – Analysts ramped up long bets on most Asian currencies on stronger growth prospects and weakness in the greenback, a Reuters poll showed on Thursday, while short positions on the Indian rupee surged to a 10-month high. They turned bullish on the Singapore dollar, upped their long positions on …
Bullish views rise on most Asia currencies, Indian rupee shorts spike: Reuters poll Read More »
By Cynthia Kim and Heejin Kim SEOUL, Dec 11 (Reuters) – South Korea plans to relax rules on the separation of banking and commerce in a bid to spur investment, Finance Minister Koo Yun-cheol said on Thursday, even as civic groups raise concerns that the move could only benefit big family-run conglomerates. “We won’t interfere …
South Korea plans to relax rules on banking and commerce to spur investment Read More »
By Satoshi Sugiyama TOKYO, Dec 11 (Reuters) – The Bank of Japan will proceed with a 25-basis-point interest rate hike to 0.75% at its December meeting and raise borrowing costs to at least 1% by the end of September next year, a strong majority of economists said in a Reuters poll published on Thursday. The …
By Kane Wu and Donny Kwok HONG KONG, Dec 11 (Reuters) – Shares of Jingdong Industrials Inc, a unit of Chinese online retailer JD.com, opened down 7.8% in their Hong Kong Stock Exchange debut on Thursday, after the company raised HK$2.98 billion ($383.08 million) in a listing. Shares of the industrial supply chain technology and …
JD.com’s Jingdong Industrials opens down 7.8% in Hong Kong debut Read More »
By Stephen Nellis and Michael Martina SAN FRANCISCO, Dec 10 (Reuters) – Nvidia has built location verification technology that could indicate which country its chips are operating in, the company confirmed on Wednesday, a move that could help prevent its artificial intelligence chips from being smuggled into countries where their export is banned. The feature, …
Nvidia builds location verification tech that could help fight chip smuggling Read More »
