By Ju-min Park and Heejin Kim SEOUL (Reuters) -South Korean President Lee Jae Myung said on Wednesday the country’s defence budget for next year would rise by 8.2% to 66.3 trillion won ($47.1 billion), adding that peace would only be possible on a strong foundation of security. Lee made the comments on South Korea’s Armed …
South Korea to increase defence budget by 8.2% next year, President Lee says Read More »
HANOI (Reuters) -VPBank Securities, a stock brokerage firm owned by Vietnam Prosperity Bank, aims to raise 12.7 trillion dong ($481 million) in an initial public offering later this month, the bank said on Wednesday. VPBank Securities will offer 375 million shares, or a 25% stake, at the IPO, it said in a statement. The offer …
VPBank Securities aims to raise $481 million in IPO this month Read More »
BEIJING (Reuters) -China’s new home prices rose at a slower pace in September, traditionally a peak buying month, while resale home prices fell again, as the market struggled to find its footing despite a raft of support measures, a private survey showed on Wednesday. New home prices grew 0.09% month-on-month versus a 0.2% gain in …
China September new home prices edge up, resale market falls: survey Read More »
TOKYO (Reuters) -Japan’s Mitsubishi Materials Corp plans to produce 184,206 metric tons of refined copper in the second half of the 2025/26 financial year, the company said on Wednesday, nearly flat from the same period a year earlier. The country’s second-half period falls between October and March. Following are details of the company’s output plan, …
Japan’s Mitsubishi Materials forecasts flat second-half copper output y/y Read More »
By Leika Kihara TOKYO (Reuters) -Confidence among big Japanese manufacturers improved for the second straight quarter and firms maintained their upbeat spending plans, a central bank survey showed, heightening the chance of an interest rate hike as soon as this month. The survey, which is among key data the Bank of Japan will scrutinise at …
Japan business mood improves, clears another hurdle for BOJ rate hike Read More »
By Jihoon Lee SEOUL (Reuters) -South Korea’s exports rose at their fastest pace in 14 months in September, blowing past expectations, as a global AI boom drove strong demand for chips, though uncertainty persisted over trade negotiations with the U.S. Exports from Asia’s fourth-largest economy, an early bellwether for global trade, stood at $65.95 billion …
South Korea exports beat forecasts as AI drives chip sales to record Read More »
TOKYO (Reuters) -Shinjiro Koizumi, a top contender to become Japan’s next premier, said it was important for the government and central bank to share a common understanding on the direction of economic policy, the Nikkei newspaper reported. “I hope to achieve a positive economic cycle with the government’s economic policy and the Bank of Japan’s …
Japan PM contender Koizumi wants government, BOJ to share common view on policy Read More »
By Melanie Burton and Renju Jose MELBOURNE (Reuters) -Australian Prime Minister Anthony Albanese said on Wednesday he was concerned about a report that China’s state iron ore buyer had taken steps to pause purchases of iron ore cargoes from miner BHP. Bloomberg News, citing people familiar with the matter, reported on Tuesday that state-owned China …
Australia PM concerned about China’s reported pause on BHP iron ore purchases Read More »
SEOUL (Reuters) -South Korea’s factory activity expanded for the first time in eight months in September underpinned by improving overseas demand, a business survey showed on Wednesday, although uncertainty persisted over trade talks with the U.S. The Purchasing Managers Index (PMI) for manufacturers in Asia’s fourth-largest economy, released by S&P Global, stood at 50.7 in …
South Korea factory activity expands for first time in 8 months, PMI shows Read More »
SEOUL (Reuters) -The United States and South Korea agreed that foreign exchange interventions should be reserved for combating excessive volatility, without targeting exchange rates for competitive purposes, according to a joint statement released on Wednesday. The statement mirrors an agreement between the U.S. and Japan announced last month and does not include a bilateral currency …
US, South Korea agree not to target FX rates for trade advantage Read More »
