Reuters Asia Business

By Rocky Swift TOKYO (Reuters) -Japan’s Fast Retailing, home of Uniqlo, is expected to report quarterly profit grew 11% overall on Thursday, but investors’ focus will be on whether China is recovering and how domestic consumers are faring with inflation and the weak yen. A bellwether for global retailers operating in China, Fast Retailing previously …

Uniqlo owner’s Q3 results to offer clues on China recovery, Japan inflation Read More »

(Reuters) – Japan-based Mitsubishi UFJ Financial Group Inc (MUFG) is considering a bid for Bank Pan Indonesia Tbk PT (Panin Bank), Bloomberg News reported (https://bloom.bg/3Rxpq7h) on Wednesday, citing people familiar with the matter. The Tokyo-based bank is working with a financial adviser as it explores a deal to acquire a stake in Panin Bank, the …

Japan’s Mitsubishi UFJ to consider bidding for Indonesia’s Panin Bank – Bloomberg News Read More »

BEIJING (Reuters) – China will replenish the capital for smaller banks and reduce the number of high-risk financial institutions, Sun Tianqi, an official at the central bank, said on Wednesday. Authorities aim to uncover all kinds of illegal financial activities early and tackle them firmly, while paying great attention to financial risks and safeguarding the …

China will reduce number of high-risk financial institutions – central bank Read More »

BEIJING (Reuters) -China’s exports grew at their fastest pace in five months in June, as factories revved up after the lifting of strict COVID lockdowns, but a slowdown in imports and a darkening global backdrop pointed to a bumpy road ahead for the domestic economy. Analysts say the rebound in exports reflects the easing of …

China’s exports pick up speed, but global headwinds darken trade outlook Read More »

TOKYO (Reuters) – The United States and Australia have shown an understanding to Japan’s repeated request to boost output of liquefied natural gas (LNG) and ensure a stable supply, Japanese industry minister Koichi Hagiuda said in Sydney on Wednesday. “I have again asked the United States and Australia which share values with Japan to increase …

U.S., Australia understand Japan’s LNG supply position -Japan minister Read More »

By Dietrich Knauth (Reuters) – Liquidators for crypto hedge fund Three Arrows Capital (3AC) obtained U.S. court permission on Tuesday to issue subpoenas and lay claim to the bankrupt Singapore-based company’s assets, noting that 3AC’s missing-in-action founders no longer control its accounts. U.S. Bankruptcy Judge Martin Glenn in Manhattan gave the liquidators authority to claim …

Crypto hedge fund Three Arrows’ liquidators get OK to claim U.S. assets Read More »

By Joseph White DETROIT (Reuters) – U.S. auto insurer State Farm and Japanese insurance company Tokio Marine have joined in a $111 million funding round for autonomous vehicle technology startup May Mobility, the Ann Arbor, Mich.-based company said on Tuesday. The funding will allow May Mobility to continue work with Toyota Motor Corp on self-driving …

U.S., Japanese insurers back autonomous vehicle firm May Mobility Read More »

SHANGHAI (Reuters) -Chinese automaker Zhejiang Geely Holding on Tuesday unveiled a new electric pickup truck, targeting growing demand from city residents as coronavirus restrictions fuel interest in outdoor activities like camping. The Volvo owner also launched a new brand, RADAR, at an online event on Tuesday where it showcased its first pickup product, which it …

China’s Geely launches electric pickup as urbanites embrace camping Read More »