Reuters Asia Business

BEIJING (Reuters) – China’s economy is facing downward pressure due to COVID-19 and external shocks, and the central bank will “increase implementation of prudent monetary policy” to support the real economy, China’s central bank Governor Yi Gang said. Yi made the comments via videolink during the meeting of G20 finance leaders in Indonesia, the People’s …

China to step up implementation of ‘prudent’ monetary policy-central bank chief Read More »

MANILA (Reuters) – Philippine President Ferdinand Marcos Jr ordered the transport ministry to renegotiate loan agreements struck by his predecessor with China for railway projects worth $4.90 billion, an official said on Saturday. Transportation Undersecretary Cesar Chavez said the official development assistance loan agreements for the three projects were considered “withdrawn” after the Chinese government …

Philippines Marcos wants to renegotiate loans on $4.9 billion China-backed rail projects Read More »

By Yoshifumi Takemoto, Ritsuko Shimizu and Miho Uranaka TOKYO (Reuters) – The Japanese government plans to support Mitsui & Co and Mitsubishi Corp in their attempts to stay in the Sakhalin-2 oil and gas project, three sources said, after Russia seized control of the development key to Japan’s energy supply. There has been speculation whether …

Japan govt to support trading firms’ stakes in Sakhalin-2- sources Read More »

NUSA DUA, Indonesia (Reuters) – Indonesia central bank governor Perry Warjiyo on Saturday urged G20 members to remain focused on goals as the finance chiefs’ meeting in Bali remained overshadowed by Russia’s war in Ukraine, with no communique expected at the end. He said the group had fruitful discussions on Friday on global economy, health …

Indonesia central bank gov asks frayed G20 to stay focused on goals Read More »

By Mimosa Spencer and Doyinsola Oladipo PARIS (Reuters) – American tourist Shawna Wilson says she has splashed out on four dresses at the high-end LVMH-owned department store La Samaritaine in Paris, tempted by the prices as the euro reached parity with the U.S. dollar. The euro tumbled below $1 on Wednesday for the first time …

American tourists splurge in Paris boutiques as euro slides Read More »