Reuters Asia Business

SHANGHAI (Reuters) – Chinese investors are boosting investment in offshore bonds as the U.S. dollar surges and U.S. interest rates rise sharply, latest data shows, deepening capital flow fears and adding pressure on the sinking yuan. China’s outbound investment under the cross-border Bond Connect scheme totalled 301.5 billion yuan ($42.31 billion) at the end of …

Outflows under China’s Bond Connect jump as U.S. dollar surges Read More »

HONG KONG (Reuters) – Macau aims to open to mainland Chinese tour groups in November for the first time in almost three years, the city’s chief executive, Ho Iat Seng, said on Saturday. The gambling hub has implemented stringent pandemic restrictions, with tight border controls in place since 2020 having a major impact on its …

Macau plans November return for mainland Chinese tour groups Read More »

SHANGHAI (Reuters) – China Construction Bank (CCB) said it plans to set up a 30-billion-yuan ($4-billion) fund to finance rental housing, China’s latest state-backed effort to aid the struggling property sector. The state-owned lender, which will provide money for the fund, plans to invest in real estate projects and turn them into affordable rental houses, …

China Construction Bank to set up $4 billion rental housing fund Read More »

By Steve Scherer OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau and South Korean President Yoon Suk-yeol on Friday agreed to deepen cooperation on critical minerals used in electric vehicles (EVs) batteries as both countries seek to cut emissions to fight climate change. Yoon visited London for the funeral of Queen Elizabeth, and then New …

Canada, South Korea seek deeper cooperation on critical minerals Read More »

By Sam Nussey and Joyce Lee TOKYO/SEOUL (Reuters) -SoftBank Group Corp founder and CEO Masayoshi Son said on Thursday he plans to meet with Samsung Electronics to discuss a potential “strategic alliance” between the South Korean tech giant and chip designer Arm. The billionaire will make his first visit to Seoul in three years. “I’d …

SoftBank looks to form a ‘strategic alliance’ between Arm and Samsung Read More »

By Jorgelina do Rosario and Uditha Jayasinghe LONDON (Reuters) – Sri Lanka expects the International Monetary Fund board to approve a $2.9 billion loan by year-end, officials from the country’s central bank told investors during a virtual presentation on Friday, sources participating in the event said. Sri Lanka is struggling with its worst economic crisis …

Sri Lanka aims to have $2.9 billion IMF loan finalised in December – sources Read More »

MOSCOW (Reuters) -Japan’s Toyota Motor Corp said on Friday that it had decided to end vehicle production in Russia due to the interruption in supplies of key materials and parts. Toyota had suspended production in St Petersburg in March due to supply chain problems, and stopped importing to Russia. “During this period we have fully …

Toyota Motor to close its factory in Russia Read More »