Reuters Asia Business

By Tejaswi Marthi (Reuters) – Bearish bets on Asian currencies stayed firm due to the unrelenting strength of the U.S. dollar, as ultra-hawkish posturing by most central banks globally, led by the Federal Reserve, stoked fears of a recession, a Reuters poll showed. Sentiment was also hurt by the yuan weakening further through the week …

Bearish bets on Asian FX stay firm on towering dollar, slowdown fears: Reuters poll Read More »

LONDON (Reuters) – The dollar rose to 150 yen for the first time since August 1990 on Thursday, as the widening gap between Japanese yields and those elsewhere continued to drive the yen lower. (Reporting by Alun John; editing by Dhara Ranasinghe)

By Mica Rosenberg and Kristina Cooke NEW YORK/SAN FRANCISCO (Reuters) -A group that works with union pension funds is pressing Hyundai Motor Co to respond to reports of child labor at U.S. parts suppliers, warning of potential reputational damage to the Korean automaker. SOC Investment Group, which works with union pension funds that have more …

Investor group, unions push Hyundai to address child labor at U.S. suppliers Read More »

TOKYO (Reuters) – The Japan Securities Dealers Association (JSDA) said on Wednesday client data was leaked from brokerage Mitsubishi UFJ Morgan Stanley Securities, without specifying a time period for the leaks. The securities company shared 499 cases of confidential information from 401 clients to some of its corporate bond issuers, according to a statement from …

Japan securities association says data leaked from Mitsubishi UFJ Morgan Stanley Securities Read More »

(Reuters) – Auckland International Airport Ltd on Thursday raised its profit forecast for fiscal 2023, helped by a better-than-expected rebound in the aviation market. High aircraft load factors and continued strength in forward international seat capacity are expected to fuel the ongoing recovery, New Zealand’s biggest airport operator said. Earlier this year New Zealand reopened …

Auckland Airport lifts profit forecast for fiscal 2023 on demand recovery Read More »

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever If investors needed a reminder that the road to recovery in risk assets will be marked by setbacks along the way, they got it on Wednesday as U.S. bond yields surged to new cycle highs. Not only are …

Marketmind: Reality check Read More »