Reuters Asia Business

HONG KONG (Reuters) – The Hong Kong government said on Monday it plans to waive stamp duty on specified stock transactions conducted by market makers for dual counter trading as it looks to support the development of dual Hong Kong dollar and renminbi counter trading for Hong Kong-listed equities. Christopher Hui, secretary for financial services …

Hong Kong plans to waive stamp duty on some HKD/RMB dual counter trading Read More »

By Sonali Paul MELBOURNE (Reuters) -Singapore Telecommunications said on Monday it was assessing the potential cost of a massive cybersecurity breach at its Optus arm, Australia’s second-largest telco, 12 days ago. In its second comment on the breach of private data from 10 million accounts, Singtel sought to clarify reports it could face a huge …

Singtel assesses potential cost of Optus Australian data breach Read More »

TAIPEI (Reuters) – Taiwan will not take “extreme steps” to stabilise the falling stock market unless it is really necessary, the head of the island’s financial regulator said on Monday. Taiwan’s benchmark stock index is down 27% this year, hurt by fears over global inflation and slowing economic growth as well as soaring U.S. interest …

Taiwan won’t take ‘extreme steps’ on stocks unless really necessary Read More »

JAKARTA (Reuters) – Indonesia has set its October coal benchmark price at a record high of $330.97 per tonne, as demand from Europe rises, its energy ministry said on Monday. The monthly benchmark price in Indonesia, the world’s biggest thermal coal exporter, rose from $319.22 per tonne in September. It also broke the previous record …

Indonesia sets Oct coal benchmark at record $330.97 per tonne – ministry Read More »

JAKARTA (Reuters) – Financial services firms in Indonesia have been ordered to intensively analyse various scenarios in which U.S. dollar exposure and high energy prices could impact their performance, the sector regulator said on Monday. Financial Services Authority (OJK) deputy chair Mirza Adityaswara said in a news conference that firms have to closely monitor their …

Indonesia orders financial firms to “intensively” analyse dollar exposure Read More »

By Tetsushi Kajimoto TOKYO (Reuters) -Japan stands ready to take “decisive” steps in the foreign exchange market if excessive yen moves persist, Finance Minister Shunichi Suzuki said on Monday, in a new warning against investors selling off the currency. “It’s important for currencies to move stably as sharp and one-sided moves are undesirable,” Suzuki told …

Japan ready to take ‘decisive’ steps on yen – finance minister Read More »

By Leika Kihara TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida on Monday vowed to take steps to cushion the economic blow from rising inflation and boost inbound tourism to maximise the benefits from a weak yen, in a fresh attempt to prop up his sliding approval ratings. Dealing with rising living costs and the fallout …

Japan PM Kishida vows new steps to beat inflation as approval ratings slide Read More »