By Yuka Obayashi and Joyce Lee (Reuters) – Major Asian buyers of Russian liquefied natural gas (LNG) said they had yet to receive requests to pay for supplies in Russian roubles after a senior manager at gas producer Gazprom floated a proposal to expand the payment scheme. The proposal came just days after Russia moved …
Japan, South Korea buyers not yet asked to pay roubles for Russian LNG imports Read More »
By Bernadette Christina and Fransiska Nangoy JAKARTA (Reuters) – Indonesia has raised the palm oil export quota in a bid to cut soaring inventories of the edible oil, a Trade Ministry official said on Tuesday, as a council member in a plantation area warned farmers faced an “emergency” due to tumbling prices. The world’s top …
Indonesia raises palm oil export quota as farmers face ’emergency’ Read More »
By Uditha Jayasinghe COLOMBO (Reuters) -Crisis-hit Sri Lanka will present a debt restructuring plan to the International Monetary Fund by the end of August, in a bid to win approval for a four-year funding programme, the prime minister said on Tuesday. Economic mismanagement and the aftermath of COVID-19 have left the cash-strapped country of 22 …
Crisis-hit Sri Lanka to present debt restructure plan to IMF by August Read More »
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan may adjust its ultra-loose monetary policy before dovish Governor Haruhiko Kuroda’s term ends next April, if the economy strengthens enough to spur higher wages, former central bank executive Eiji Maeda told Reuters on Tuesday. Any such move would be aimed at addressing …
BOJ may adjust ultra-loose policy before Kuroda’s term ends – ex-central bank exec Read More »
TOKYO (Reuters) – Japanese wireless carrier KDDI Corp said on Tuesday all telecommunications networks have returned to normal after a nationwide system failure. Telecommunication services for both corporate and individual customers have been confirmed fully operational as of 1536 JST (0636 GMT), the company said in a statement. The disruption, which began in the early …
Japan’s KDDI: Telecoms networks back up and running after failure Read More »
HONG KONG (Reuters) – China Evergrande New Energy Vehicle Group Ltd said on Tuesday it would start taking pre-orders for its first model, a key milestone for the unit of embattled property developer China Evergrande group. The start of pre-orders for the sport-utility vehicle comes after Evergrande Chairmen Hui Ka Yan vowed within 10 years …
Evergrande electric vehicle unit to start taking pre-orders Read More »
By Gaurav Dogra (Reuters) – Emerging Asian equities ex-China recorded massive outflows in June, as risk assets took a hit due to heightened concerns over a potential recession, with major central banks set to further tighten their monetary policies aggressively. Data from stock exchanges in Taiwan, India, South Korea, the Philippines, Vietnam, Indonesia, and Thailand …
Emerging Asian equities post biggest foreign outflows since March 2020 Read More »
By Karen Freifeld NEW YORK (Reuters) -Wuxi Biologics, a Chinese company that makes ingredients for AstraZeneca’s COVID-19 vaccine, may be a step closer to being taken off a U.S. trade list that it landed on five months ago, wiping HK$77 billion($9.9 billion) off its market value at the time. Chinese authorities allowed a U.S. export …
Exclusive-Wuxi Biologics takes step to getting off U.S. ‘unverified’ trade list Read More »
SEOUL (Reuters) – South Korea’s foreign exchange reserves shrank last month for a fourth consecutive month and by the most since the 2008 global financial crisis due in part to dollar-selling intervention to support the won, data showed on Tuesday. The Bank of Korea said the country’s foreign exchange reserves, measured in U.S. dollars, declined …
S.Korea’s FX reserves fall in June by most since late 2008 Read More »
By Noah Browning LONDON (Reuters) -Oil rose on Monday as supply concerns driven by lower OPEC output, unrest in Libya and sanctions against Russia outweighed fears of a demand-sapping global recession. Euro zone inflation hit yet another record high in June, strengthening the case for rapid European Central Bank rate increases, while U.S. consumer sentiment …
Oil rises as tight supply trumps recession fears Read More »
