Reuters Asia Business

BEIJING (Reuters) – China’s central bank will step up credit support for the real economy while keeping the yuan basically steady, Governor Yi Gang said in comments published on Sunday, reaffirming the bank’s existing policy objectives. “We will keep liquidity reasonably ample, increase credit support to the real economy,” Yi was quoted by a central …

China central bank reaffirms it will step up support for real economy Read More »

By Kevin Yao BEIJING (Reuters) – He Lifeng, head of China’s state planning agency, is likely to succeed the country’s economic tsar Vice Premier Liu He in March, but may struggle to maintain his predecessor’s policy clout. He, 67, a confidant of President Xi Jinping, was elevated to the ruling Communist Party’s Politburo during its …

He Lifeng: China’s expected new economic tsar has big shoes to fill Read More »

BEIJING (Reuters) – China Evergrande New Energy Vehicle Group Ltd has started deliveries of its Hengchi 5 electric vehicle, with the first 100 customers getting their cars on Saturday, it said on its official Wechat account. The company, a unit of heavily indebted property developer China Evergrande Group, launched production of the vehicle at a …

China’s Evergrande delivers first electric vehicles Read More »

BANGKOK (Reuters) – Thailand recorded 7.35 million foreign tourist arrivals from Jan. 1 to Oct. 26, as the vital sector picks up following an easing of coronavirus restrictions, the Tourism Authority of Thailand said. The top five source markets were Malaysia with 1.25 million arrivals, India with 661,751, Laos with 538,789, Cambodia with 373,811, and …

Thailand receives over 7 million foreign tourist arrivals Jan-Oct Read More »

SHANGHAI (Reuters) – China’s Nasdaq-style STAR Market will officially launch market making on Monday, in a bid to make the tech-focused board more liquid, vibrant and resilient, the Shanghai Stock Exchange said. The first batch of qualified market markers on STAR will start trading next week, which will cut investors’ trading cost, and improve pricing …

China to launch market-making on tech-focused STAR Market on Monday Read More »

BEIJING/SYDNEY (Reuters) – Two of China’s biggest airlines posted steep third-quarter losses on Friday as the country’s stringent zero-COVID policy reduced domestic demand and kept international flights at a tiny fraction of pre-pandemic levels. Air China Ltd and China Southern Airlines reported a combined 14.8 billion yuan ($2.04 billion) third-quarter loss, taking their total losses …

Air China, China Southern stay in the red amid travel controls Read More »

OSLO (Reuters) -Norway’s Telenor said on Friday it is exploring ways to provide support to Myanmar telecom users facing digital security risks after its exit from the Southeast Asian nation this year. Following a military coup in Myanmar in 2021, Telenor announced the sale of its business there to avoid European Union sanctions after pressure …

Telenor looking to support Myanmar customers at risk Read More »