Reuters Asia Business

SHANGHAI/Beijing (Reuters) -Chinese authorities will ease share financing rules for certain real estate-related firms, fuelling hopes of more measures to aid a sector, whose outlook remains bleak due to a mortgage boycott, COVID curbs and a faltering economy. The China Securities Regulatory Commission (CSRC) will allow certain companies with small property interests to raise money …

China to ease share financing rules for property-related firms but outlook bleak Read More »

TOKYO (Reuters) -Orix Corp has decided it could invest about 300 billion yen ($2 billion) in a consortium to buy out Japanese industrial conglomerate Toshiba Corp, the Nikkei Business magazine reported on its website on Friday. A consortium led by private equity firm Japan Industrial Partners (JIP) has been granted preferred bidder status by Toshiba …

Orix can invest about $2 billion in Toshiba buyout – Nikkei Business Read More »

(Reuters) – Sri Lanka Central Bank Governor Nandalal Weerasinghe thinks inflation in the island nation is peaking, with price rises likely to ease this month, Bloomberg News reported on Friday. “We think we are seeing the peak of inflation,” Weerasinghe said in a Thursday interview, although there was still some way to go in fixing …

Sri Lanka central bank governor sees inflation peaking – Bloomberg News Read More »

By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) -India’s recent curbs on rice exports could trigger a rally in global prices after more than a decade of stability, traders said, as New Delhi’s protectionist move coincides with falling output in other major producers and rising global demand. Uneven monsoon rains hit rice planting in …

Analysis-India rice export curbs to end a decade of price stability Read More »

JAKARTA (Reuters) – Indonesia had a budget surplus of 60.9 trillion rupiah ($3.90 billion) in the January to September period, equivalent to 0.33% of gross domestic product, Finance Minister Sri Mulyani Indrawati said on Friday, compared with a 2.66% deficit in the same period in 2021. The minister said the budget until September still showed …

Indonesia posts $3.9 billion budget surplus in Jan-Sept Read More »

SHANGHAI/BEIJING (Reuters) -Major Chinese state-owned banks were seen selling dollars in onshore foreign exchange market on Friday, four banking sources with direct knowledge of the matter said, in an apparent attempt to stabilise the local currency. The dollar selling was aimed at preventing spot yuan from breaching the key 7.25 per dollar level, the sources …

Chinese state banks seen selling dollars to prevent yuan from weakening -sources Read More »

(Reuters) – Pakistan’s finance minister Ishaq Dar on Friday said the board of the Asian Development Bank (ADB) has approved funds worth $1.5 billion for Pakistan under its BRACE programme which will be released next week. The ADB has pledged up to $2.5 billion to Pakistan, where floods triggered by abnormal monsoon rains and glacial …

Pakistan finance minister says ADB board approves $1.5 billion funds for country Read More »

By Stephanie Kelly NEW YORK (Reuters) -Oil prices were near flat during a choppy trading session on Thursday, as worries about inflation dampening demand for oil contended with news that China is considering easing COVID-19 quarantine measures for visitors. Brent crude futures fell 3 cents to settle at $92.38 a barrel. U.S. West Texas Intermediate …

Oil near flat, inflation worries counter potential boost in China demand Read More »