Reuters Asia Business Archives - Page 1902 of 2133

AirAsia to resume Airbus A321neo deliveries in 2024 as growth returns

27 Aug 2022 27 Aug 2022

By Jamie Freed (Reuters) -Malaysian budget carrier AirAsia plans to resume deliveries of 362 Airbus SE A321neos remaining on order starting in 2024, the chief executive of parent Capital A Bhd said, having postponed the arrivals during the pandemic. The airline, one of Airbus’ biggest customers, had only taken four A321neos before COVID-19 decimated air …

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Stocks slide, dollar rises as Powell spooks markets

26 Aug 2022 26 Aug 2022

By Saqib Iqbal Ahmed NEW YORK (Reuters) -An index of global stock markets fell, while short-term U.S. Treasury yields rose on Friday, after Federal Reserve Chair Jerome Powell said the U.S. economy will need tight monetary policy “for some time” before inflation is under control. The dollar erased early losses to turn positive against a …

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Oil prices rise on signals OPEC might cut output

26 Aug 2022 26 Aug 2022

By Stephanie Kelly NEW YORK (Reuters) -Oil prices ended higher on Friday, boosted by signals from Saudi Arabia that OPEC could cut output, but trading was volatile as investors digested and ultimately shrugged off warnings from the head of the U.S. Federal Reserve about economic pain ahead. Brent crude futures rose $1.65 to settle at …

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Dollar rebounds as Powell commits to fighting inflation

26 Aug 2022 26 Aug 2022

By Karen Brettell NEW YORK (Reuters) – The dollar index gained on Friday after Federal Reserve Chair Jerome Powell adopted a hawkish tone to battling inflation, but did not settle the debate on how large a rate increase is likely at the U.S. central bank’s September meeting. The U.S. economy will need tight monetary policy …

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U.S. and China reach landmark audit deal in boon for Chinese tech companies

26 Aug 2022 26 Aug 2022

By Scott Murdoch, Xie Yu, Samuel Shen and Michelle Price HONG KONG/WASHINGTON (Reuters) -Beijing and Washington took a major step on Friday towards ending a dispute that threatened to boot Chinese companies, including Alibaba, from U.S. stock exchanges, signing a pact to allow U.S. regulators to vet accounting firms in China and Hong Kong. U.S. …

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U.S.-China, Russia rivalry could scupper global digital currency network -Fitch

26 Aug 2022 26 Aug 2022

By Marc Jones LONDON (Reuters) – A lack of mutual trust between the West and China and Russia could prevent the development of an international central bank digital currency system, credit rating agency Fitch has warned. Most central banks are now exploring digital currencies in a bid to keep pace with technology, but experts stress …

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Two Chinese banks get provisional OK to enter bankruptcy proceedings

26 Aug 2022 26 Aug 2022

BEIJING (Reuters) – China’s banking and insurance regulator has agreed in principal to allow two rural banks in Liaoning Province to enter bankruptcy proceedings, according to an official statement released on Friday. The two banks are Liaoyang Rural Commercial Bank Co., Ltd and Liaoning Taizihe Village Bank Co., Ltd, the China Banking and Insurance Regulatory …

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Tesla supplier Panasonic plans additional $4 billion U.S. EV battery plant – WSJ

26 Aug 2022 26 Aug 2022

(Reuters) -Panasonic Holdings Corp, a supplier to electric-car maker Tesla Inc, is in talks to build an additional electric vehicle (EV) battery plant in the United States at a cost of around $4 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter. Panasonic is looking at Oklahoma as the location …

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Factbox-Highlights of the U.S.-China audit deal

26 Aug 2022 26 Aug 2022

By Michelle Price WASHINGTON (Reuters) – Beijing and Washington have signed a deal in principle that would allow U.S. regulators to inspect U.S-listed Chinese company audits, potentially ending a dispute that threatened to kick 200 Chinese companies, including Alibaba, off U.S. exchanges. U.S. regulators have long demanded access to audit papers of Chinese companies listed …

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China’s Bank of Communications’ H1 profit up 4.8%

26 Aug 2022 26 Aug 2022

SHANGHAI/BEIJING (Reuters) -China’s Bank of Communications (BoCom) on Friday reported a 4.8% rise in first-half net profit despite what it referred to as the unprecedented coronavirus pandemic. Profit rose to 44.04 billion yuan ($6.42 billion) for the January to June period, up from 42.02 billion yuan a year earlier, the bank said in a statement …

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Reuters Asia Business﻿﻿

Reuters Asia Business