Reuters Asia Business

(Reuters) – The International Monetary Fund warned on Tuesday of a disorderly repricing in markets, saying global financial stability risks have increased, raising the potential of contagion and spillovers of stress between markets. The IMF’s Global Financial Stability Report, which warned of the risks to markets, came as the Fund also cut its growth outlook …

Factbox-Ticking bomb: The risks the IMF sees to financial stability Read More »

By David Lawder and Pete Schroeder WASHINGTON (Reuters) – The International Monetary Fund warned on Tuesday that colliding pressures from inflation, war-driven energy and food crises and sharply higher interest rates were pushing the world to the brink of recession and threatening financial market stability. In gloomy reports issued at the start of the first …

IMF warns of slowing growth, rising market risks as finance officials meet Read More »

SHANGHAI/BEIJING (Reuters) -Sales of electric vehicles (EV) in China rose at their slowest pace in five months as demand faltered in a sputtering economy despite government incentives to revive the auto market, though industry officials forecast a stronger end to the year. September sales of new energy vehicles (NEV), which include pure EVs, plug-in hybrids …

China auto sales growth slows in Sept as signs of softening demand emerge Read More »

By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s current account surplus shrank to its smallest amount on record for the month of August, Ministry of Finance data showed on Tuesday, with surging prices of energy imports outstripping price rises in exports and draining national wealth. The surplus stood at 58.9 billion yen ($404.45 million), smaller than …

Japan logs record-low August current account surplus as import prices surge Read More »

SINGAPORE (Reuters) – Taiwan’s state refiner, CPC Corp is seeking two to three cargoes of liquefied natural gas (LNG) for delivery from December to January in a spot tender, two industry sources said on Tuesday. The cargoes are sought on a delivered ex-ship (DES) basis, they said, adding that the discussions are being held on …

Taiwan’s CPC seeks LNG cargoes for Dec-Jan delivery – sources Read More »

BERLIN (Reuters) – Decoupling from China is not an option for companies in the European Union, EU trade commissioner Valdis Dombrovskis told an engineering conference in Berlin on Tuesday, as the Ukraine war redefines how the bloc sees its important trade partners. “The EU should continue engaging with China with pragmatism and without naivety. Our …

Decoupling from China not an option for EU firms – Dombrovskis Read More »

MOSCOW (Reuters) -Japanese automaker Nissan is selling its Russian assets to Russian state ownership, with an option to buy back the business within six years, Russia’s industry and trade ministry said on Tuesday. Nissan in a statement said it had decided to exit the Russian market and expected to incur an extraordinary loss of approximately …

Japan’s Nissan sells Russian assets to state, trade ministry says Read More »

By Tetsushi Kajimoto TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Tuesday the United States showed understanding to “a certain extent” on Tokyo’s currency market intervention last month, giving Japan’s first public indication of U.S. backing for the move. Japanese authorities sold dollars and bought yen in a market intervention for the first time …

Japan says U.S. showed understanding on Tokyo’s currency intervention Read More »