Reuters Asia Business

TAIPEI (Reuters) – Taiwan’s exports rose in June on sustained demand for technology products even as shipments to China weakened, and the government said the outlook was good as companies ramp up for the end-of-year holiday season despite concerns over Ukraine and inflation. Exports rose 15.2% in June from a year earlier to $42.2 billion, …

Taiwan June exports soar, outlook good ahead of peak season Read More »

SHANGHAI (Reuters) -China on Friday tightened rules on companies that conduct debt-to-equity businesses for banks, setting capital adequacy requirements for so-called financial asset investment firms. Such companies “should have ample capital to deal with group, individual and systemic risks”, the China Banking and Insurance Regulatory Commission (CBIRC) said in a statement. The new rules require …

China sets capital requirements for financial asset investment firms Read More »

(Reuters) – Japanese investors sold a record amount of foreign debt in June, when overseas bond yields dropped due to fears of an economic slowdown this year. According to data from Japan’s Ministry of Finance, Japanese investors sold a net 4.71 trillion yen ($34.72 billion) worth of overseas bonds in June, the biggest ever. (Graphic: …

Japanese investors sell record amount of foreign debt in June Read More »

SHANGHAI (Reuters) – Tesla in June achieved its highest monthly sales of China-made vehicles since opening its Shanghai plant in 2019, data showed. The U.S. carmaker sold 78,906 China-made vehicles in June, including 968 for export, the China Passenger Car Association(CPCA) said on Friday. In May it sold 32,165 vehicles and exported 22,340. COVID restrictions …

Tesla sells record high 78,906 China-made vehicles in June Read More »

SHANGHAI (Reuters) – China’s central bank on Friday issued draft rules on the assessment of systemically important insurers. The rules are aimed at improving China’s macro prudential policies and safeguarding financial stability, the People’s Bank of China said in a statement. (Reporting by Samuel Shen and Brenda Goh; Editing by Mark Heinrich)

TOKYO (Reuters) – Japan’s biggest refiner, Eneos Corp, restarted the 145,000- barrel-per-day crude (bpd) crude distillation unit (CDU) at its Sendai refinery on July 1 after repairing a leakage at the sulphur recovery unit, a company spokesperson said on Friday. The refiner, which is a unit of Eneos Holdings Inc, shut the CDU on May …

Japan’s Eneos restarts 145,000-bpd Sendai CDU after leakage -spokesperson Read More »

DUBLIN (Reuters) – Aircraft lessor SMBC Aviation Capital on Friday recorded an impairment of $1.6 billion to cover the full financial impact of having 34 jets stuck in Russia after European Union sanctions that forced the termination of all Russian leases. Irish-headquartered SMBC, which is owned by a consortium including Japan’s Sumitomo Corp and Sumitomo …

Lessor SMBC takes $1.6 billion impairment on aircraft in Russia Read More »

TOKYO (Reuters) – Japanese fans of Beaujolais Nouveau wine will likely be reining in their enthusiasm this year as importers hike prices, dramatically shrink their product offerings and even resort to plastic bottles in a bid to cope with surging costs. In the latest example of inflationary pressures as sky-high fuel prices jack up production …

Soaring prices, plastic bottles to dampen Japan’s thirst for Beaujolais Nouveau Read More »