Reuters Asia Business

BEIJING, ⁠Dec 19 (Reuters) – ​Foreign ‌direct investment in China ‍totalled ‍693.2 billion yuan ($98.46 billion) from January to November this year, ‌down 7.5% from the same period last year, data from the commerce ministry showed on Friday. Actual investment from Switzerland, ‌the ‌United Arab Emirates and Britain into ‌China ‍in the January ‌to November …

Foreign direct investment in China slides 7.5% from January-November year-on-year Read More »

SEOUL, Dec ⁠19 (Reuters) – LG ​Chem ‌submitted a plan to restructure its ‍petrochemical ‍business to the South Korean government, the company said on Friday. The plan is in response to the government’s request for ‌the industry to restructure, LG said, adding that it could not disclose details.  DL Chemical Co., a major shareholder of …

LG Chem submits petrochem restructuring plan to government Read More »

BEIJING, Dec ⁠19 (Reuters) – ​China’s ‌commerce ministry announced on ‍Friday ‍it will maintain anti-dumping duties on rubber products from the United States, South ‌Korea and the EU, as it begins expiry reviews of the measure initially imposed five years ago. China will keep an anti-dumping tariff ranging ‌from ‌12.5% to 222% on U.S., Korea …

China to maintain anti-dumping duties on US, S.Korea, EU rubber imports Read More »

SHANGHAI, Dec 19 (Reuters) – China ⁠is expected to ​leave benchmark lending rates ‌unchanged for a seventh consecutive month in December, a Reuters survey ‍showed, despite ‍a depressed economy and deepening woes in the property sector. Analysts say China’s central bank is not in a hurry to loosen monetary policy as the economy is on …

China set to keep rates steady for seventh month despite slowing economy Read More »

TOKYO, Dec 19 (Reuters) – ⁠The Japanese ​government revised down its ‌view on public investment but largely kept its ‍overall outlook ‍on the economy intact in a monthly report published on Friday. In its monthly economic assessment, the government reiterated a cautiously optimistic view that the world’s fourth-largest economy is recovering moderately, while warning of …

Japan holds economic view steady in monthly report  Read More »

TAIPEI, Dec ⁠19 (Reuters) – Taiwan’s ​central bank has ‌eased restrictions on U.S. dollar sales by ‍exporters ‍to rein in this week’s depreciation of the Taiwan dollar, three forex traders told Reuters on Friday. The Taiwan dollar has weakened against the U.S. dollar recently due to ‌capital outflows by foreign investors selling Taiwan stocks, at …

Taiwan relaxes exporter dollar sales to halt currency depreciation, traders say Read More »

BENGALURU, Dec 19 (Reuters) – ⁠Gaming giant ​Krafton will ‌lead a new $666 million investment fund in ‍Asia, ‍partnering with South Korean peers Naver and Mirae Asset to diversify beyond gaming into a wider pool of tech startups, primarily in India. The fund’s launch underscores South Korea’s deepening economic ‌footprint in the South Asian nation. …

PUBG maker Krafton leads South Korean trio in $666 million India tech bet Read More »