Reuters Asia Business

SINGAPORE (Reuters) – China imported 321,380 tonnes of liquefied natural gas from Russia in March, steady from the same month last year, despite a steep fall in the country’s total imports of the fuel due to high spot prices, according to Chinese customs data. China imported nearly 400,000 tonnes from Russia in February, and 264,000 …

Data shows China’s imports of Russian LNG steady in March despite overall decline Read More »

BOAO, China (Reuters) – China remains on track to reach its 2022 growth target of around 5.5% as it has ample stimulus space, government economists said on Wednesday, despite a resurgence in COVID-19 cases that has prompted private analysts to slash their forecasts. “The target is achievable despite the pandemic,” Zhang Yuyan, head of Institute …

China on track for 2022 GDP target despite COVID shock – govt economists Read More »

By Xie Yu and Samuel Shen HONG KONG/SHANGHAI (Reuters) – Prolonged lockdowns in Shanghai, as China doubles down on its zero-COVID policy, have become the predominant risk to its economy and markets, forcing money managers to cut holdings or turn defensive on stocks. Global fund managers such as Pictet Wealth Management and Principal Global Investors …

For China investors, COVID lockdowns are the clear and present danger Read More »

TAIPEI (Reuters) – Taiwan’s export orders grew faster than expected in March, setting a new high for the month bolstered by sustained technology demand, but the government warned of much slower growth for April on the Ukraine war and supply bottlenecks. Taiwan’s export orders, a bellwether of global technology demand, rose 16.8% from a year …

Taiwan March export orders rise again, April may be much quieter Read More »

By Yuka Obayashi TOKYO (Reuters) -Japan’s biggest oil refiner Eneos Holdings Inc has no plans to buy Russian crude until all problems related to the Ukraine crisis are over and will purchase alternative supplies from the Middle East, its chairman said on Wednesday. “For now, we intend to get alternatives from existing trading partners such …

Japan refiner Eneos to buy alternative to Russian crude from Middle East Read More »

JAKARTA (Reuters) – Indonesian President Joko Widodo said on Wednesday he wanted a thorough investigation of alleged breaches of rules for issuing palm oil export permits after the government’s policy failed to help contain surging cooking oil prices. Indonesia’s Attorney General a day earlier launched a corruption probe, naming four suspects including a senior Trade …

Indonesia president wants thorough probe of palm oil graft allegations Read More »

By Leika Kihara and Takahiko Wada TOKYO (Reuters) – More entrenched inflation expectations, rather than a weak yen, will likely have greater sway over any future tweak in the Bank of Japan’s massive stimulus programme and dovish guidance, three sources familiar with its thinking say. A divergence in monetary policy between the U.S. Federal Reserve, …

Analysis-Inflation prospects to influence BOJ’s dovish guidance more than yen Read More »