Reuters Asia Business

COLOMBO (Reuters) – Representatives from heavyweight financial and legal advisers Lazard and Clifford Chance arrived in Sri Lanka to kick off the restructuring of over $12 billion in debt, the island nation’s prime minister said on Tuesday. The advisers reached the country a week before a delegation from the International Monetary Fund is expected in …

Lazard, Clifford Chance reach Sri Lanka to advise on debt restructure – PM Read More »

By David Dolan TOKYO (Reuters) – Toyota Motor Corp heads into its annual general meeting on Wednesday under fire from New York City and Danish pension funds over its commitment to battery vehicles and lobbying on climate policy. Once a darling of environmentalists for the hybrid Prius model it popularised more than two decades ago, …

Toyota heads into AGM under pressure from pension funds over climate Read More »

SEOUL, June 15 (Reuters) – S.Korea imports no Iran crude oil for May and a year ago, preliminary data from Korea Customs Service showed on Wednesday. The world’s fifth-largest crude buyer imported a total 10.8 million tonnes of crude last month against 10.9 million tonnes imported a year ago, the data also showed. Final data …

S.Korea imports no Iran crude oil for May -customs Read More »

By Bernadette Christina JAKARTA (Reuters) – Indonesia on Tuesday issued new regulations on palm oil export taxes, detailing the recently announced levy rate cut to accelerate shipments that have been slow to rebound after the ending of an export ban. But the levy rate will be raised in August, according to the finance ministry regulations, …

Indonesia cuts max palm oil export levy to $200, but to rise in August Read More »

By Tetsushi Kajimoto and Daniel Leussink TOKYO (Reuters) – The Bank of Japan ramped up bond buying on Tuesday as its yield cap came under renewed pressure from rising global interest rates, highlighting its difficulty in remaining a dovish outlier in a global wave of monetary tightening. The central bank’s resolve to keep yields low …

BOJ ramps up bond buying to defend yield cap, undermining jawboning Read More »

SHANGHAI/HONG KONG (Reuters) – China’s securities regulator on Tuesday denied that it and its securities association had asked foreign investment banks for senior executives’ pay details or suggested they implement pay curbs, rejecting media reports. Bloomberg reported on Friday that Chinese regulators had warned top global banks, during meetings in Shanghai and Beijing this year, …

China regulator denies it asked foreign banks for executive pay details Read More »

By Makiko Yamazaki TOKYO (Reuters) -Two influential proxy advisers have both recommended voting for the appointment of all Toshiba Corp director nominees including two from activist shareholders, despite objection to the move from within the board. Proxy advisers Institutional Shareholder Services Inc (ISS) and Glass Lewis backed all 13 candidates including those from Elliott Management …

Proxy advisers ISS, Glass Lewis back all Toshiba director nominees Read More »

By Sophie Yu and Brenda Goh BEIJING (Reuters) -China is set to get a picture of how the country’s zero-COVID-19 policy and slowing economy have impacted shoppers’ urge to splurge, as e-commerce platforms gear up to report takings from the mid-year “618” shopping festival this weekend. Held in the run-up to June 18, 618 is …

China’s ‘618’ shopping festival to test COVID-hit shoppers’ urge to splurge Read More »