Reuters Asia Business

By Joyce Lee and Florence Tan DAEGU, South Korea (Reuters) – Norway’s Equinor ASA plans to make a final investment decision on what would be its first offshore wind farm in South Korea as early as 2024, and is now considering a third, larger project in the country, the head of its local unit said. …

Equinor to decide on South Korea offshore wind farm as soon as 2024 Read More »

TAIPEI (Reuters) – Taiwan’s economy is likely to grow at a slower pace this year that initially forecast, the statistics office said on Friday, downgrading its outlook due to global inflation and COVID-19 dampening consumer demand at home and abroad. The downward revision came even as the statistics office raised its export growth forecast for …

Taiwan lowers 2022 GDP growth forecast, hit by COVID and inflation Read More »

By Syed Raza Hassan KARACHI (Reuters) -Pakistan’s stocks, sovereign bonds and currency were lifted on Friday by growing hopes that the country can unlock funding from the International Monetary Fund after the government’s overnight decision to end a months-old freeze on fuel prices. Pakistani stocks jumped more than 2% and the country’s sovereign dollar bonds …

IMF funding hopes lift Pakistan stocks, bonds as government scraps fuel price freeze Read More »

By Krystal Hu and Jane Lanhee Lee (Reuters) – Once a poor “skinny kid” from Malaysia, Hock Tan was going head-to-head with a legendary U.S. technology mogul for a transformative acquisition. Tan placed a call earlier this month to VMware Inc Chairman Michael Dell, also the chief executive of computer maker Dell Technologies Inc. He …

How Broadcom CEO Tan shaped a tech giant through acquisitions Read More »

TOKYO (Reuters) -Japan’s Toyota Motor Corp on Friday cut its global production plan for June for the second time this week, reducing its planned output by about 50,000 vehicles to 800,000, citing the COVID-19 lockdown in Shanghai. Japan’s largest automaker said it still expects to produce 9.7 million vehicles worldwide in the current financial year, …

Toyota cuts June output plan again, to 800,000 vehicles Read More »

By Munsif Vengattil, Krishna N. Das and Paresh Dave NEW DELHI (Reuters) -Alphabet Inc’s Google is in talks with the Indian government to integrate its shopping services with the country’s open e-commerce network ONDC, two sources familiar with the matter told Reuters. India soft-launched its Open Network for Digital Commerce (ONDC) late last month as …

Google in talks to join India’s open e-commerce network ONDC -sources Read More »

By Chen Aizhu SINGAPORE (Reuters) – China’s imports of liquefied natural gas (LNG) are on track to post their first major decline this year, as high prices and weak manufacturing due to COVID-19 lockdowns crimp demand for the super-chilled fuel. China became the world’s top LNG buyer last year but surrendered the top spot back …

China’s LNG imports set for first big decline as demand wanes Read More »

LONDON (Reuters) – Pakistan’s sovereign dollar bonds jumped more than 3 cents on Friday after the government announced a decision to hike fuel prices, a move expected to unlock more funding from the International Monetary Fund (IMF). The 2027 bond gained 3.5 cents to trade at 72.26 cents in the dollar while the more liquid …

Pakistan dollar bonds jump after fuel price hike paves way for IMF funds Read More »

LONDON (Reuters) – It’s all about the data. Investors are assessing how much U.S rate hikes are biting, whether euro zone inflation is near peaking and how damaging China’s COVID lockdowns are for the world’s No.2 economy. So, just as markets end a turbulent May, U.S. payrolls, European inflation and Chinese business activity data could …

Take Five: All about the data Read More »