Reuters Asia Business Archives - Page 1961 of 2133

China urges banks to tighten screws on Internet loans

15 Jul 2022 15 Jul 2022

SHANGHAI (Reuters) – China’s banking regulator on Friday urged lenders to strengthen management of their Internet loan business. Banks should tighten risk and data management, better supervise money flows, and strengthen consumer protection in such a business, the China Banking and Insurance Regulatory Commission (CBIRC) said in a notice distributed to Chinese and foreign banks …

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Dollar consolidates at 2-decade high; euro at parity

15 Jul 2022 15 Jul 2022

By Saikat Chatterjee LONDON (Reuters) – The U.S. dollar held at a two-decade high on Friday as a broad wave of risk aversion swept through global markets, with traders flirting with the prospect of a 100 basis point rate hike by the Federal Reserve later this month. Currencies perceived as riskier, including the Aussie and …

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China will agree to $4 billion aid for Sri Lanka ‘at some point’ – Bloomberg News

15 Jul 2022 15 Jul 2022

(Corrects to add dropped word ‘Sri Lanka’ to headline) (Reuters) – Sri Lanka is continuing negotiations with China for as much as $4 billion in aid and is confident Beijing will agree “at some point,” Bloomberg News reported on Friday, citing Sri Lanka’s ambassador to China. Colombo is asking China for a loan of $1 …

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Toyota revamps Crown range, with new models including SUV to be sold outside Japan

15 Jul 2022 15 Jul 2022

MAKUHARI, Japan (Reuters) – Toyota Motor Corp unveiled four new models of its Crown range on Friday, including a sport-utility vehicle (SUV) for the first time, seeking to reboot the 67-year-old brand as Japan branches out from its long love affair with sedans. The 16th generation of the Crown will be sold outside Japan for …

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Indonesia H1 oil, gas lifting below target – regulator

15 Jul 2022 15 Jul 2022

JAKARTA (Reuters) – Indonesia’s oil and gas lifting in the January-June period came in below target due to delays in big projects such as the Jambaran Tiung Baru (JTB) project and Tangguh Train-3 LNG plant, upstream regulator SKK Migas chief said on Friday. Oil lifting in the first half stood at 614,500 barrels per day …

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Thailand to offer land ownership to lure wealthy foreigners

15 Jul 2022 15 Jul 2022

BANGKOK (Reuters) – Thailand will for allow foreigners to fully own land for residential use, a government official said on Friday, seeking to boost its economy by attracting a million new big-spending residents from overseas. Thailand has for decades been a popular expatriate destination for investment, retirement and for starting small businesses, but foreign land …

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G20 talks overshadowed by Ukraine war as host Indonesia seeks consensus

15 Jul 2022 15 Jul 2022

By Andrea Shalal and Fransiska Nangoy NUSA DUA, Indonesia (Reuters) -G20 finance leaders meeting in Bali must make progress tackling the global economic threats sparked by Russia’s war in Ukraine or the humanitarian consequences would be catastrophic, host Indonesia said on Friday. Some Western ministers blasted Russian officials attending the talks, with U.S. Treasury Secretary …

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World stocks slump, greenback gains grow as rate hike bets keep investors cautious

14 Jul 2022 14 Jul 2022

By Katanga Johnson WASHINGTON (Reuters) – Global equity markets edged lower on Thursday and oil slipped while the safe-haven dollar rose after the latest red-hot U.S. inflation reading heightened investor fears about Federal Reserve interest rate hikes and a possible recession. Wednesday’s data showed U.S. consumer prices jumped 9.1% year-on-year in June, up from May’s …

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SEC steps up scrutiny over Musk comments on $44 billion Twitter deal

14 Jul 2022 14 Jul 2022

By Hyunjoo Jin (Reuters) -The U.S. securities regulator quizzed Elon Musk last month over a tweet in which the world’s richest person raised doubts over whether he would move ahead with his $44 billion acquisition of Twitter Inc due to concerns over the number of fake users on the platform. The U.S. Securities and Exchange …

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Pakistan government cuts fuel prices to pass on global drop to consumers

14 Jul 2022 14 Jul 2022

By Syed Raza Hassan KARACHI, Pakistan (Reuters) -Pakistan on Thursday night announced a decrease in fuel prices to pass on a decline in global prices to inflation-hit consumers. Pakistan is experiencing 13-year-high inflation, reaching 21.3% last month. “Today fuel prices in international prices are coming down. We are passing on the benefit to the common …

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Reuters Asia Business﻿﻿

Reuters Asia Business