JAKARTA (Reuters) – U.S. payments firm PayPal has registered as an electronic systems operator in Indonesia and its customers can now access its services, the company said on Wednesday. PayPal was one of several websites that Indonesia blocked at the weekend because of their failure to comply with new licensing rules. Companies were given a …
PayPal registers to Indonesia’s licensing rules, access unblocked Read More »
By Jamie Freed, Norihiko Shirouzu and Tim Hepher (Reuters) – Boeing Co faced added uncertainty over crucial plane deliveries to China on Wednesday as a visit to Taipei by U.S. House of Representatives Speaker Nancy Pelosi angered Beijing and risked stoking Sino-U.S. trade tensions. With the highest-level U.S. visit to Taiwan in 25 years pushing …
Analysis-Pelosi’s Taiwan visit clouds Boeing’s China reset hopes Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka will restart bailout talks with the International Monetary Fund (IMF) in August, its new president said on Wednesday, while calling on lawmakers to form an all-party government to resolve a crippling economic crisis. In a speech in parliament, President Ranil Wickremesinghe said that constitutional amendments were required …
Sri Lanka to restart IMF bailout talks, president calls for unity government Read More »
By Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy is still expected to grow 2.75% to 3.5% this year, helped by increased exports, more tourists, and government support, but faces rising inflationary pressures, a leading joint business group said on Wednesday. Exports are expected to increase 6% to 8% this year, up from a previous forecast …
Thai business group sticks by GDP outlook despite inflation risk Read More »
By Makiko Yamazaki TOKYO (Reuters) -Nomura Holdings Inc, Japan’s biggest brokerage and investment bank, on Wednesday suffered a worse-than-expected slump in first-quarter net profit as volatile financial markets battered its investment banking and asset management businesses. The downbeat performance comes despite Nomura’s efforts in the last few years to change its earnings structure to be …
Nomura suffers unexpectedly big profit slump on market headwinds Read More »
By Satoshi Sugiyama TOKYO (Reuters) – Japan’s Subaru Corp expects strong demand from U.S. car buyers to continue, a senior executive said on Wednesday, amid growing concern about a slowdown in the world’s largest economy. Chief Financial Officer Katsuyuki Mizuma’s confidence highlights the split between consumers struggling to afford basic necessities amid record inflation and …
No worries about U.S. demand for now, Japan’s Subaru says Read More »
By Sam Nussey TOKYO (Reuters) -Japan’s Nintendo Co Ltd sold 23% fewer Switch consoles in the April-June quarter than a year earlier following chip shortages, it said on Wednesday. The Kyoto-based gaming company said it expected procurement to improve “from late summer towards autumn” and maintained its forecast to sell 21 million units in the …
By Gibran Naiyyar Peshimam and Jeslyn Lerh SINGAPORE (Reuters) – Dubai-based trader Coral Energy has become the top fuel oil supplier to Pakistan in recent months after winning a slew of import tenders floated by state-run Pakistan State Oil (PSO), data compiled by Reuters showed. Coral Energy won tenders to sell eight fuel oil cargoes …
UAE’s Coral Energy becomes Pakistan’s top fuel oil supplier – data Read More »
(Reuters) – British chemicals maker Johnson Matthey Plc said on Wednesday it was in in talks with the investment arm of China’s Sinopec for exploring a collaboration in decarbonisation technologies in China. Johnson Matthey China said the companies have started active talks to explore possibilities in hydrogen technologies, fuel cells and decarbonisation technologies. (Reporting by …
UK’s Johnson Matthey, Sinopec unit explore decarbonisation options in China Read More »
SEOUL (Reuters) – South Korea’s foreign exchange reserves increased slightly in July, central bank data showed on Wednesday, ending four straight months of decreases led partly by authorities’ dollar-selling intervention to support the won. The country’s foreign exchange reserves, measured in U.S. dollars, increased in July by $0.33 billion to reach $438.61 billion at the …
South Korea FX reserves increase in July after four months of decline Read More »
