Reuters Asia Business

By Syed Raza Hassan KARACHI, Pakistan (Reuters) – Pakistan’s talks with the International Monetary Fund have been completed and an announcement on staff level agreement by the fund is expected soon, the country’s finance minister said on Wednesday. “Our talks with IMF have been completed, the fund is going through its internal process. Hopefully, an …

Pakistan talks with IMF completed, announcement expected soon -minister Read More »

(Reuters) – The Bank of Canada on Wednesday delivered the first 100-basis-point rate increase among the world’s advanced economies in the current policy-tightening cycle as officials there eyeballed “higher and more persistent” inflation. In delivering their largest rate increase since 1998, BOC policymakers also noted the increased risk of price increases becoming entrenched. The increase …

Bank of Canada makes a splash with developed economies’ first 100 pointer Read More »

TOKYO (Reuters) -The Tokyo district court on Wednesday ordered four former executives of Tokyo Electric Power Company (Tepco) to pay 13 trillion yen ($95 billion) in damages to the operator of the wrecked Fukushima Dai-ichi nuclear power plant, the plaintiff’s lawyers said. The ruling, in a civil case brought by Tepco shareholders, marks the first …

Tokyo court orders ex-Tepco execs to pay $95 billion damages over Fukushima disaster Read More »

SINGAPORE (Reuters) – Singapore has set up its first battery energy storage system (BESS) to manage peak consumption at the world’s largest container transhipment hub. The project at the Pasir Panjang Terminal is part of an $8 million partnership between regulator, the Energy Market Authority (EMA) and PSA Corp, the government agencies said in a …

Singapore sets up first battery storage system to improve port energy usage Read More »

BEIJING (Reuters) -China will step up policy support for the real economy, central bank official Ruan Jianhong said on Wednesday, adding that the macro leverage ratio was expected to rise amid efforts to revive the slowing economy. The remarks came against the backdrop of a pledge by Yi Gang, the governor of the People’s Bank …

China to step up policy support for real economy, central bank says Read More »

SINGAPORE (Reuters) – Indonesia will start exporting chicken to Singapore this week, its agriculture ministry said, with the aim to plug an ongoing shortage in the city-state following a ban on exports from key supplier, Malaysia. The first shipment of 50 tonnes of frozen chicken, valued at 2 billion Indonesian rupiah ($133,467), was due to …

Indonesia to start chicken exports to Singapore amid shortage Read More »

HONG KONG (Reuters) – A growing number of homebuyer groups across the country wrote to local regulators and banks that they will stop repaying mortgages as a protest against unfinished developments, local media reported. According to real estate news outlet Leju, as of Tuesday afternoon such letters have been issued for at least 14 developments …

Homebuyers threaten to stop paying mortgagees for unfinished projects – reports Read More »