Reuters Asia Business

TOKYO (Reuters) – More than 20 countries, led by Japan, have agreed to boost output of low-emission hydrogen to at least 90 million tonnes a year by 2030 from 1 million tonnes now, the Japanese industry ministry said on Monday. The agreement between countries including the United States, Australia and Germany came at the Hydrogen …

More than 20 countries agree to boost low-emission hydrogen output by 2030 Read More »

OSAKA (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Monday retracted his earlier remark that the bank’s guidance to keep interest rates at “present or lower levels” will stay unchanged for two to three years. “It won’t be that long, such as two to three years,” Kuroda told a news conference in Osaka, western …

Kuroda retracts comment that BOJ’s rate guidance to stay unchanged for ‘2-3 years’ Read More »

By Leigh Thomas PARIS (Reuters) – Global economic growth is slowing more than was forecast a few months ago in the wake of Russia’s invasion of Ukraine, as energy and inflation crises risk snowballing into recessions in major economies, the OECD said on Monday. While global growth this year was still expected at 3.0%, it …

Energy, inflation crises risk pushing big economies into recession – OECD Read More »

By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Capital controls and currency intervention are among tools emerging Asian policymakers can use if rapid U.S. interest rate hikes and a surging dollar risk triggering a debt crisis, Asian Development Bank President Masatsugu Asakawa said on Friday. With investment flows already volatile, Asian policymakers may also need …

ADB head says FX intervention among tools for emerging Asia Read More »

SEOUL (Reuters) -South Korea’s finance minister said the government would prepare more measures to stabilise the foreign exchange market, while downplaying the need for a currency swap arrangement with the United States. The measures include using the government’s foreign exchange equalisation fund to meet shipbuilding companies’ FX hedging demands for their overseas orders, thereby increasing …

S.Korea finance minister says more FX stabilising measures on the way Read More »

By Anshuman Daga and Xinghui Kok SINGAPORE (Reuters) – Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while reining in its financial service ambitions. Chief Operating Officer Alex Hungate said that earlier in the year, Grab had …

Exclusive-Grab sees no big layoffs despite weak market Read More »

SHANGHAI (Reuters) – A growing number of bond funds in China have suspended taking subscriptions or capped inflows, amid signs money is gushing into fixed income products as stocks wobble and banks cut deposit rates. On Friday alone, more than a dozen bond funds announced measures to restrict new purchases, according to fund managers’ filings. …

China bond funds restrict inflows as investors pile in to take shelter Read More »

TOKYO (Reuters) – Japan’s Mazda Motor Corp is discussing ending production of its vehicles at a joint venture plant in Vladivostok, eastern Russia, the Nikkei newspaper reported on Saturday. The Japanese automaker, which sold 30,000 cars in Russia last year, said in March that exports of parts to the plant were going to end and …

Mazda discussing ending production in Russia – Nikkei Read More »