Reuters Asia Business

BEIJING (Reuters) -China’s central bank said on Friday it will step up monetary policy adjustments and strengthen coordination between monetary and fiscal policies to support economic growth amid a “complex and severe” external environment. In a summary of its monetary policy committee’s quarterly meeting held on Tuesday, the central bank said that while China’s economy …

China’s central bank pledges to step up policy support for growth Read More »

BEIJING (Reuters) -China’s market regulator on Friday said it will strengthen regulatory supervision of the country’s “booming” online food delivery industry and will promote a national management standard, according to a statement published on its website. In a meeting held on Friday with some merchants and delivery riders, the market regulator said it will urge …

China pledges to strengthen supervision of online food delivery sector Read More »

HANOI (Reuters) -The European Union is seeking more balanced trade with Vietnam, Maros Sefcovic, the EU trade commissioner, said on Friday at the end of his visit to southeast Asia. “I value the commitment shown and look forward to jointly tackling remaining barriers and moving forward toward more balanced trade,” Sefcovic told reporters in Hanoi. …

EU seeks more balanced trade with Vietnam, Sefcovic says Read More »

MANILA (Reuters) -Philippine President Ferdinand Marcos Jr has ordered to extend the country’s ban on rice imports beyond 60 days, his office said on Friday, but it did not specify how long the extension would last.      Marcos had earlier ordered a 60-day suspension of rice imports starting from September 1 in an effort to protect …

Philippines to extend 60-day ban on rice imports Read More »

By David Kirton FOSHAN, China (Reuters) -In China’s “Furniture Kingdom” of Lecong, home to a strip of cavernous malls, vendors shrugged off the latest round of tariffs from Washington, saying they’ve long given up on the U.S. market. As part of his latest tariff onslaught, U.S. President Donald Trump on Thursday announced a 50% levy …

More US tariffs? China’s ‘Furniture Kingdom’ says it’s already moved on Read More »

SINGAPORE (Reuters) -PetroChina has proven another 158 million metric tons, or about 1.15 billion barrels, of shale oil reserve in a pilot project in northeast China, Chinese state media reported on Friday. The Daqing Gulong project, located in northeast China’s Heilongjiang province and covering an area of 2,778 square kilometers, is currently pumping 3,500 tons, …

PetroChina adds 1.15 billion barrels of shale oil reserve at pilot project, state media says Read More »

TOKYO (Reuters) -Japanese electric motor maker Nidec met a delayed deadline to file its fiscal 2024 annual report, a regulatory filing showed on Friday, but the company’s auditor withheld an opinion on its financial statements. Nidec had postponed its annual report submission in June after saying it needed time to conduct an investigation into potential …

Nidec submits annual report on time, but auditor withholds opinion Read More »