Reuters Asia Business

(Corrects reference to an official in final paragraph.) By Katanga Johnson WASHINGTON (Reuters) -The U.S. public company accounting regulator will not accept any restrictions on its access to the audit papers of Chinese companies listed in New York, including where firms have been delisted, two people with knowledge of the U.S. agency’s thinking told Reuters. …

U.S. regulators won’t accept any restrictions on China audit access – sources Read More »

BANGKOK (Reuters) – Thailand’s cabinet on Tuesday approved additional support measures worth 27.4 billion baht ($748.23 million) to ease cost of living pressures and sustain consumption, amid rising inflation, the finance ministry said. The measures to run during September-October include 21.2 billion baht for 26.5 million people, or 800 baht each, under an existing scheme …

Thailand approves $748 million support measures amid higher inflation Read More »

BEIJING (Reuters) – China’s local governments issued around 3.41 trillion yuan ($504.95 billion) in special bonds in January-June, the finance ministry said on Tuesday, approaching the quota that cabinet asked them to complete to spur infrastructure. The net issuance accounts for about 98.8% of the 3.45 trillion yuan in special bond issuance for infrastructure – …

Chinese local govts nearly complete special bonds issuance quota in H1 Read More »

By Josh Horwitz and Scott Murdoch SHANGHAI/HONG KONG (Reuters) -Alibaba plans to add a primary listing in Hong Kong to its New York presence, targeting investors in mainland China as it becomes the first big company to take advantage of a rule change in the financial hub to attract high-tech Chinese firms. The e-commerce giant’s …

Alibaba aims to add primary listing in Hong Kong, woo China investors after crackdown Read More »

By Kevin Yao and Sophie Yu BEIJING (Reuters) – Chinese beef hotpot restaurant chain Baheli, which makes only a third of the revenue it earned before the COVID-19 pandemic, has no intention to resume its expansion, even if authorities bring new infections to zero. The problem, founder Lin Haiping says, is that consumers would not …

Analysis-Crisis of confidence stifles China’s economic recovery Read More »

HONG KONG (Reuters) – Chinese battery maker Gotion High Tech Co raised $685 million in a public share sale on the SIX Swiss Exchange, joining other Chinese firms rushing to tap an expanded stock connect program. GEM Co Ltd, a battery and material recycler, also completed a share sale in Switzerland, raising $346 million. Gotion …

China battery maker Gotion raises $685 million in Swiss listing Read More »

By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka canvassed oil companies in petroleum-producing nations on Tuesday to import and sell their products in the Indian Ocean island, opening its market to resolve acute shortages of fuel during its worst economic crisis in decades. Depleted foreign exchange reserves have left the nation of 22 million unable to …

Crisis-hit Sri Lanka woos foreign oil firms amid fuel shortages Read More »

By Ana Mano SAO PAULO (Reuters) -Brazilian and Chinese officials are re-discussing a trade protocol so that Brazil can ship corn to China sooner than intended, Brazilian Agriculture Minister Marcos Montes said on Monday. Montes said the successful revision of the protocol would allow Brazilian corn to be exported to China in the second half …

Brazil may export corn to China in the second half Read More »