Reuters Asia Business

By Kevin Yao BEIJING (Reuters) – China’s slowing economy will struggle to stage the kind of stunning recovery it achieved from the early depths of the pandemic two years ago, as its formidable export machine teeters and options to revive investment and consumption dwindle. Analysts and policy insiders say that means China’s leaders may have …

Analysis: China faces uphill battle to repeat 2020 miracle as exports falter Read More »

By Makiko Yamazaki TOKYO (Reuters) -Nomura Holdings Inc said it is targeting an up to 90% jump in core pretax income in three years as Japan’s biggest brokerage and investment bank plans to beef up advisory services in pursuit of revenue less vulnerable to market swings. “We will work to expand businesses with stable revenue …

Nomura lays out ambitious target to nearly double income in three years Read More »

BANGKOK (Reuters) – Thailand’s finance minister said on Tuesday that the outlook for the economy this year was still good, despite the state planning agency’s downgrade in its growth forecast, and he wanted to see a policy rate that still supports the recovery. A weak baht is good for exports though it makes imports more …

Thai growth outlook still good despite planning agency’s downgrade – Finance Minister Read More »

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Japan’s holdings of Treasuries in March fell to their lowest level in more than two years as a sharp depreciation of the yen against the dollar encouraged Japanese investors to sell U.S. assets to take advantage of the favorable exchange rate for their fiscal year-end. Japanese holdings fell …

Japan’s U.S. Treasury holdings drop to lowest since January 2020 -data Read More »

(Reuters) -China’s Tencent Music Entertainment Group posted a 15% fall in quarterly revenue on Monday, hit by easing demand for its music streaming platform amid stiff competition. Chinese regulators stripped Tencent Music of its exclusive contracts with big music labels in 2021, spurring competition from rivals such as Cloud Music and short video sharing platform …

Tencent Music quarterly revenue falls as competition heats up Read More »

By Ana Mano SAO PAULO (Reuters) – Chinese seed company LongPing High-Tech is preparing the commercial launch of a new sorghum seed aimed at Brazilian farmers next January, Brazil Chief Executive Aldenir Sgarbossa told Reuters in an interview on Monday. The company, which mainly focuses on corn seeds, is also working to adapt a Chinese …

China’s LongPing to launch Brazil sorghum seed next year Read More »