Reuters Asia Business

By Daniel Leussink and Tetsushi Kajimoto TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki on Friday refrained from commenting on the possibility of government intervention in the foreign exchange market to stem a weak yen, while maintaining his warning against any rapid fluctuations. The latest jaw-boning came a day after the yen hit a fresh …

Japan repeats warning on sliding yen, keeps mum on FX intervention chance Read More »

BEIJING (Reuters) – Chinese banks extended 1.89 trillion yuan ($282.62 billion) in new yuan loans in May, rebounding sharply from April and beating analysts’ expectations as policymakers try to reverse a sharp, COVID-induced economic slump. Analysts polled by Reuters had predicted new yuan loans would surge to 1.3 trillion yuan in May from 645.4 billion …

China’s May new bank loans surge 1.89 trln yuan, much stronger than forecasts Read More »

(Reuters) – Japan escalated its warnings on Friday against sharp falls in the yen, expressing “concern” over the moves in a rare joint statement by the government and the central bank, leaving investors wary about the potential for intervention. It is more than a decade since Japan intervened directly in the foreign exchange market and …

History of Japan’s intervention in currency markets Read More »

By Julie Zhu HONG KONG (Reuters) – China’s central leadership has given billionaire Jack Ma’s Ant Group a tentative green light to revive its initial public offering (IPO), two sources with knowledge of the matter said, in the clearest sign yet Beijing is easing its crackdown on the tech sector. Ant, an affiliate of Chinese …

Exclusive – Beijing gives initial nod to revive Ant IPO after crackdown cools – sources Read More »

By Andrea Shalal and Jorgelina do Rosario WASHINGTON (Reuters) -The International Monetary Fund expects to further cut its forecast for global economic growth in 2022 next month, an IMF spokesperson said on Thursday, following moves by the World Bank and Organization for Economic Co-operation and Development (OECD) to cut their own forecasts this week. That …

IMF expects further cut in global growth outlook Read More »

By Selena Li HONG KONG (Reuters) – Beijing has given tentative approval for Ant Group to revive its initial public offering (IPO) in Shanghai and Hong Kong, two sources told Reuters on Thursday, the biggest sign yet of a cooling of Beijing’s tough stance on the technology sector. Ant, an affiliate of Chinese e-commerce behemoth …

China takes steps to ease up on regulatory crackdown as economy slows Read More »

LONDON (Reuters) – The International Monetary Fund (IMF) is planning a staff-level mission in the coming weeks to Sri Lanka “to engage on policy discussions on a programme,” the fund’s spokesman Gerry Rice said on Thursday in Washington. The goal of the next mission will be to build on the technical discussions already held with …

IMF plans in-person Sri Lanka mission in coming weeks for policy talks Read More »