By Andrea Shalal SEOUL (Reuters) -The United States wants to end its “undue dependence” on rare earths, solar panels and other key goods from China to prevent Beijing from cutting off supplies as it has done to other countries, U.S. Treasury Secretary Janet Yellen said. Yellen, who arrived in Seoul late on Monday, told Reuters …
U.S. wants to end dependence on China rare earths -Yellen Read More »
(Reuters) -Hong Kong-based conglomerate Swire Pacific Ltd said on Monday it would buy the packaging and distribution operations of Coca-Cola in Vietnam and Cambodia, marking its expansion into the southeast Asian beverages market. Swire Pacific will pay $1.02 billion in cash for Coc a-Cola Indochina, which packages and distributes the beverage in the two southeast …
HK’s Swire Pacific buys Coca-Cola bottling ops in Vietnam, Cambodia Read More »
By Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s central bank has sold some of its holdings of government bonds in the secondary market, an official said on Monday, stepping up its normalisation of monetary policy after keeping liquidity very loose during the pandemic. Bank Indonesia (BI) is among the world’s least hawkish central banks, having kept …
Indonesia central bank sells govt bonds to absorb excess liquidity -official Read More »
(Reuters) – China may allow homeowners to temporarily halt mortgage payments on stalled property projects without incurring penalties, Bloomberg News reported on Monday, citing people familiar with the matter. The report comes as a growing nationwide homebuyers’ boycott has rekindled investor concerns about the China’s slumping property sector, which accounts for a quarter of the …
China weighs mortgage grace period to appease homebuyers – Bloomberg News Read More »
BEIJING (Reuters) – China’s aluminium imports in June fell 36.3% from the same month a year earlier, government data showed on Monday, as domestic production ramp-up and persistently weak demand continued to weigh on import appetite. The country brought in 187,362 tonnes of unwrought aluminium and products -including primary metal and unwrought, alloyed aluminium – …
By Chen Aizhu (Reuters) – China’s June gasoline exports halved from a year earlier, driving overseas sales for the first six months of 2022 down 42%, as the country sticks with its policy of curbing fuel exports despite stalling domestic demand, Chinese customs data showed on Monday. China exported 730,000 tonnes of gasoline last month, …
China’s H1 gasoline exports fall 42% as June overseas sales halve Read More »
MANILA (Reuters) – The Philippine central bank is ready to use available tools to bring inflation back within the official 2%-4% target range, its governor said on Monday, after last week’s surprise 75 basis points hike in key interest rates. Bangko Sentral ng Pilipinas Governor Felipe Medalla also said the domestic economy, aside from red-hot …
Philippine cbank ready to use available tools in inflation fight – governor Read More »
SEOUL (Reuters) – South Korea’s central bank said on Monday it will step up monitoring of the impact of higher interest rates on the stability of the financial system. The Bank of Korea will cooperate with regulators for policy efforts on easing debt burdens for those facing difficulties, it said in a statement after a …
South Korea central bank vows to strengthen monitoring of financial stability risks Read More »
PARIS (Reuters) -Stellantis announced the “orderly termination” of its loss-making joint venture with Chinese carmaker GAC, which has been producing Jeep vehicles, only four months after saying it would raise its stake in the business. The U-turn comes after GAC reprimanded the world’s No.4 carmaker in January for announcing plans to raise its stake to …
Stellantis terminates China GAC joint venture in U-turn Read More »
JAKARTA (Reuters) – Indonesia plans to set a crude palm oil reference price every two weeks so that its tax rate can move more in line with market prices, CNBC Indonesia reported on Monday, citing the trade minister. Indonesia currently sets its palm oil reference price every month, which determines its export tax rates. It …
Indonesia plans biweekly setting of CPO reference price – media Read More »
