Reuters Asia Business

By Jeff Mason WASHINGTON (Reuters) -President Joe Biden waived tariffs on solar panels from four Southeast Asian nations for two years and invoked the Defense Production Act to spur solar panel manufacturing at home, the White House said on Monday, confirming a Reuters report. The tariff exemption applies to panels from Cambodia, Malaysia, Thailand and …

Biden waives solar panel tariffs for four countries, invokes defense law Read More »

(Reuters) – U.S.-listed Chinese technology stocks rose on Monday after a report that regulators in China are concluding a probe into ride-hailing giant Didi Global raised expectations of easing crackdowns on the country’s internet sector. The Cyberspace Administration of China (CAC) is concluding its cybersecurity probe into Didi and two other companies, Full Truck Alliance …

Chinese tech ADRs rise as end of Didi probe raises hope of easing crackdowns Read More »

(Reuters) – Kazakhstan’s central bank kept its policy rate unchanged at 14.0% on Monday, saying it only planned to begin “normalising” its monetary policy next year when inflation starts to subside. The bank said it saw the Central Asian nation’s economy growing 2.8-3.8% this year and inflation staying at 13-15% by year-end, the same level …

Kazakhstan’s central bank keeps policy rate unchanged at 14.0% Read More »

By Jeslyn Lerh SINGAPORE (Reuters) – Sinopec Fuel Oil (Singapore) Pte Ltd aims to raise its monthly bunker sales volumes by more than 50% after it received a licence from the Singapore government this month, the company’s general manager said on Monday. Chinese refiners are expanding their foothold in the global marine fuels sector by …

Sinopec Fuel Oil Singapore targets 50% increase in bunker sales – exec Read More »

SINGAPORE (Reuters) – Wealth managers in Asia are holding back from offering digital assets to investors despite soaring demand due to a lack of understanding of these assets, according to an industry survey by consulting firm Accenture published on Monday. Global banks have been cautiously moving into crypto for several years, some building it within …

Asian wealth managers seen wary of digital assets despite soaring demand Read More »

By Makiko Yamazaki TOKYO (Reuters) – External directors at Toshiba Corp exchanged criticism on Monday over statements on board decisions, signalling a public rift as the embattled conglomerate reviews strategic options including going private. In an annual business report released on Monday, Toshiba external directors Mariko Watahiki and Katsunori Hashimoto, both members of Toshiba’s three-member …

Toshiba directors exchange criticism over public statements Read More »

By Clare Jim, Xie Yu and Liangping Gao HONG KONG/BEIJING (Reuters) – After two years of hunting, Volar Yip has put his dream of buying a new home in China’s southeastern city of Foshan on ice, anxious about making a major financial commitment amid a significant slowdown in the world’s second-largest economy. The 32-year-old owns …

Analysis-China’s economic headwinds chill its wary new homebuyers Read More »

BANGKOK (Reuters) – Thailand’s government is aiming for export growth of 10% this year, which will be a key driver of Southeast Asia’s second-largest economy, the finance minister said on Monday. The economy is expected to grow a yearly 5% each in the remaining three quarters of the year, which would result in growth of …

Thai govt aiming for 10% export growth this year – Finance Minister Read More »