Reuters Asia Business

BEIJING(Reuters) – New home prices in China fell for the third straight month in September as a mortgage boycott across the country and a slowing economy discouraged potential home buyers, a private survey showed on Saturday. China’s property market crisis worsened this summer, with official data showing home prices, sales and investment all falling in …

China’s Sept new home prices fall for third straight month – private survey Read More »

By Cynthia Kim SEOUL (Reuters) -The United States and South Korea agreed on Saturday to implement liquidity facilities to stabilise financial markets if needed, Korea’s finance ministry said after a teleconference between finance chiefs of the two countries. The won is near its lowest level since March 2009, and has weakened 17% against the surging …

S.Korea, U.S. agree to implement liquidity measures if needed Read More »

By Cynthia Kim SEOUL (Reuters) – South Korea’s exports grew at the slowest pace in nearly two years in September as softening global demand piles pressure on the trade-dependent economy. Overseas shipment grew 2.8% in September, missing the 2.9% tipped in a Reuters poll of analysts and the slowest expansion since October 2020. Asia’s fourth-largest …

S.Korea Sept exports grow at slowest pace in almost two years Read More »

NEW YORK (Reuters) – New hedge fund launches dove in the second quarter to the lowest level since the 2008 global financial crisis, while fund liquidations spiked, industry data provider HFR said on Friday. There were 80 hedge fund launches between April and June, down 57% from the first quarter and the lowest number of …

Global hedge fund launches plunge, liquidations rise amid turmoil Read More »

By David Lawder WASHINGTON (Reuters) -The Ukraine war’s disruptions to grain and fertilizer flows have prompted the worst food security crisis since at least the one following the 2007-2008 global financial meltdown, with some 345 million people now facing life-threatening shortages, the International Monetary Fund said on Friday. A new IMF research paper estimates that …

IMF says Ukraine war prompts worst global food crisis since at least 2008 Read More »

By Kane Wu and Scott Murdoch HONG KONG (Reuters) – HSBC Holdings Plc has started briefing investors on a potential initial public offering (IPO) of its Indonesian business, said two sources with direct knowledge of the matter. Executives at HSBC Indonesia have met with a group of fund managers in Singapore since last week to …

HSBC kicks off informal investor talks for Indonesian business IPO – sources Read More »

TOKYO (Reuters) -Toshiba Corp said on Friday it had received multiple in-depth written indications of interest from potential partners in a second bidding round for strategic alternatives. The written indications of interest included some that were legally binding and they varied in their degree of completeness, the Japanese conglomerate said in a statement. Toshiba would …

Toshiba says it received multiple in-depth proposals in 2nd round Read More »

By Daniel Leussink TOKYO (Reuters) – Japan’s government on Friday warned that attention should be paid to any possible impact of financial market fluctuations on the economic outlook, while affirming its view that the economy was moderately recovering. The warning highlights Tokyo’s continued concern about market volatility a week after it intervened in the foreign …

Japan warns market fluctuations could impact economy Read More »