Reuters Asia Business

Malaysia’s Kuala Lumpur Kepong eyes bigger stake in Britain’s Synthomer – sources

4 Nov 2022

By Yantoultra Ngui SINGAPORE (Reuters) -Malaysian plantation giant Kuala Lumpur Kepong Bhd is considering raising its stake in British chemicals company Synthomer Plc as it looks to further expand its specialty chemicals business globally, two sources told Reuters. Kuala Lumpur Kepong is talking with at least one financial adviser to explore potentially boosting its 26.3% …

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Guangzhou auto show postponed to help prevent spread of COVID -organiser

4 Nov 2022

BEIJING (Reuters) – The Guangzhou auto show scheduled for Nov. 18-27 has been postponed the event until further notice due to COVID prevention measures, the organiser said in a statement on Friday. The event is being postponed to comply with epidemic prevention and control due to “widespread and frequent occurrence” of COVID-19 in many parts …

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China stocks notch trillion-dollar gain on hopes of reopening, better U.S. ties

4 Nov 2022

By Rae Wee and Ankur Banerjee SINGAPORE (Reuters) -Chinese markets soared and the yuan rose on Friday, with about a trillion dollars added to the value of Chinese stocks in week, as rumours and news reports fed hopes for twin relief in U.S.-China tension and China’s tough COVID rules. The Hang Seng surged 5.3% and …

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Japan fin min warns of yen risks from Fed tightening

4 Nov 2022

By Tetsushi Kajimoto TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Friday authorities should be vigilant to any downside risks stemming from the U.S. Federal Reserve’s monetary policy tightening, which has pressured the yen to historic lows. The yen has tumbled on the widening spread between U.S. and Japanese interest rates, with the …

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Japan’s NYK, with consortium, signs charter deal for 5 LNG carriers

4 Nov 2022

SINGAPORE (Reuters) – Japan shipping and logistics firm NYK announced that a consortium it is part of has signed a long-term time-charter contract with QatarEnergy for five liquefied natural gas (LNG) carriers for delivery between 2025 and 2026. The consortium consists of NYK, Japan’s “K” Line, Malaysia’s MISC Berhad, and China LNG Shipping (Holdings) Limited. …

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Edible oil demand in three biggest markets seen mixed – analyst Fry

4 Nov 2022

NUSA DUA, Indonesia (Reuters) – Edible oil demand in the three biggest markets is very mixed, a top industry analyst told an industry conference on Friday, with India showing growth while China has shown few signs of overcoming the impact of COVID-19 lockdowns. Palm oil prices on a free-on-board basis at Indonesia’s Sumatra ports could …

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World equities fall, U.S. Treasury yields rise after hawkish Fed

3 Nov 2022

By Chibuike Oguh NEW YORK (Reuters) -Global equities fell while U.S. Treasury yields rose on Thursday as investors weighed hawkish commentary from Federal Reserve Chair Jerome Powell on the prospects of further interest rate hikes targeted at reining in inflation. Market sentiment has been bearish after the Fed on Wednesday raised rates by 75 basis …

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Dollar firms after hawkish Fed as sterling sinks; focus on U.S. jobs

3 Nov 2022

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar gained against major currencies on Thursday after Federal Reserve Chair Jerome Powell signalled U.S. interest rates will likely peak at a higher level than markets expected, while sterling fell after the Bank of England raised rates but warned of a “very challenging outlook.” The BoE lifted …

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