Reuters Asia Business

By Gibran Naiyyar Peshimam KARACHI, Pakistan (Reuters) – Additional financial international commitments to Pakistan in the wake of devastating floods will offset any current account deterioration and delays in the issuing of $2 billion in bonds, central bank officials told a briefing on Monday. Concerns have risen in recent weeks about Pakistan’s ability to raise …

Pakistan getting $4 billion as bonds take battering after floods – central bank Read More »

By Stephen Nellis, Karen Freifeld and Alexandra Alper (Reuters) – The Biden administration published a sweeping set of export controls on Friday, including a measure to cut China off from certain semiconductor chips made anywhere in the world with U.S. equipment, vastly expanding its reach in its bid to slow Beijing’s technological and military advances. …

U.S. aims to hobble China’s chip industry with sweeping new export rules Read More »

BEIJING (Reuters) – China’s central bank extended its bilateral currency swaps with European Central Bank, worth 350 billion yuan or 45 billion euros, according to a statement published on the Chinese central bank’s website on Monday. The swaps extension will help deepen bilateral cooperation and safeguard financial market stabilization, the Chinese central bank said. (Reporting …

China extends currency swaps with European Central Bank Read More »

FRANKFURT (Reuters) – The European Central Bank and the People’s Bank of China have extended for a further three years a currency swap deal aimed at ensuring euro area banks do not run our of renminbi, the ECB said on Monday. The arrangement will run through 8 October 2025, with its maximum size unchanged at …

ECB and PBoC extend currency swap deal Read More »

MANILA (Reuters) – Philippine tycoon Enrique Razon has delayed to the middle of next year plans to launch an up to 28 billion pesos ($474 million) listing for his infrastructure and energy holding firm because of a market downturn, its underwriter said on Monday. The initial public offering (IPO) of Prime Infrastructure Capital Inc, originally …

Philippine tycoon postpones $474 million Prime Infrastructure IPO on bearish market Read More »

BEIJING (Reuters) – China’s new yuan loans are expected to rise in September from August, a Reuters poll showed, as the central bank seeks to spur an economy hobbled by a property crisis and a resurgence of COVID-19 cases. Chinese banks are estimated to have issued 1.80 trillion yuan ($253.04 billion) in net new yuan …

China’s Sept new yuan loans seen rising on policy support: Reuters Poll Read More »

KUALA LUMPUR (Reuters) – Malaysia will ease a restriction on exports of live chickens from Oct. 11, resuming the shipment of 1.8 million birds a month after a ban earlier this year eased tight domestic supplies, the government said on Monday. Malaysia supplies live chickens mainly to neighbouring Singapore and Thailand. It halted exports in …

Malaysia eases restrictions on live chicken exports Read More »

BEIJING (Reuters) – China firmly opposes U.S. export controls on semiconductor chips and urges the country to stop immediately, the commerce ministry said in a statement on Monday. The decision by the United States not only hurts Chinese companies but also the commercial interests of U.S. exporters , according to the statement. (Reporting by Beijing …

China urges U.S. to stop hurting its chip sector – commerce ministry Read More »

PARIS (Reuters) – French carmaker Renault and its Japanese partner Nissan said they were in talks about the future of their alliance, confirming media reports over the weekend. In their statement, the companies said Nissan was considering investing in Renault’s new electric vehicle (EV)unit, which the French car maker is setting up alongside a separate …

Renault and Nissan confirm talks over alliance future Read More »

By Josh Horwitz and Jason Xue SHANGHAI, Oct 10 (Reuters) – Shares in Chinese tech giants Alibaba Group and Tencent as well as in chipmakers slumped on Monday, as investors were spooked by new U.S. export control measures aimed at slowing Beijing’s technological and military advances. The Biden administration published a sweeping set of export …

China tech shares sink as U.S. export curbs raise chip sector hurdles Read More »