Reuters Asia Business Archives - Page 2070 of 2133

Thai central bank relaxes foreign exchange rules

18 Apr 2022 18 Apr 2022

BANGKOK (Reuters) – Thailand’s central bank on Monday further relaxed foreign exchange regulations, allowing Thai residents to conduct forex transactions with greater flexibility. The changes https://www.bot.or.th/English/PressandSpeeches/Press/2022/Pages/n2265.aspx include removing $50 million caps on lending to unaffiliated companies and on purchases abroad of immovable properties. The rules, effective once published in the government’s gazette, also allow additional …

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Japan business lobby head says premature for BOJ to debate policy tweak

18 Apr 2022 18 Apr 2022

TOKYO (Reuters) – Japanese business lobby Keidanren’s head Masakazu Tokura said on Monday it was premature for the central bank to debate tweaking monetary policy, in the wake of the yen’s sharp declines against the dollar. “Sharp currency moves are undesirable,” Tokura told a news conference. While a weak yen used to be good for …

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Thailand to stay on growth path despite higher inflation – central bank

18 Apr 2022 18 Apr 2022

BANGKOK (Reuters) – Thailand’s economy will continue to expand in 2022 and 2023 despite rising inflation, while monetary policy tightening may have to wait until the economy recovers more strongly, the central bank said on Monday. The central bank will continue to support the economy, as it has left the key rate at a record …

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Analysts see less room for China rate cuts after ‘conservative’ RRR cut

18 Apr 2022 18 Apr 2022

SHANGHAI (Reuters) – The smallness of a cut to the amount of money Chinese banks must hold in reserves may reflect concern by the Chinese central bank over inflation and U.S. monetary tightening, making further interest rate cuts less likely, analysts say. The People’s Bank of China (PBOC) on Friday announced a 25-basis-point (bp) cut …

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China’s supply chains must be stabilised, vice premier says

18 Apr 2022 18 Apr 2022

BEIJING (Reuters) -China’s supply chains must be stabilised amid COVID-19 outbreaks, with local governments helping key companies get back to work, the official Xinhua news agency quoted Vice Premier Liu He as saying. Growing COVID-19 flare-ups are snarling China’s logistics chains, clogging highways and ports, stranding workers and shutting countless factories. The disruptions are already …

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China data to show sharp March deterioration as COVID bites, but solid Q1 growth

18 Apr 2022 18 Apr 2022

By Kevin Yao BEIJING (Reuters) -China is expected to report a sharp deterioration in economic activity in March as COVID-19 outbreaks and lockdowns hit consumers and factories, although first-quarter growth may have perked up due to a strong start early in the year. Data on Monday is expected to show gross domestic product (GDP) grew …

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Judge rules Musk’s tweets over taking Tesla private were false, investors say

17 Apr 2022 17 Apr 2022

By Hyunjoo Jin SAN FRANCISCO (Reuters) – A federal judge has ruled that Tesla CEO Elon Musk’s 2018 tweets about having secured financing to take the company private were false, according to court filings by Tesla investors suing the billionaire over the tweets. The filing said that the court ruled April 1 that Musk’s 2018 …

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Tata Steel to consider proposal to split equity shares on May 3

17 Apr 2022 17 Apr 2022

NEW DELHI (Reuters) – The board of Tata Steel Ltd will on May 3 consider a proposal to split the stock and also recommend a dividend, the Indian steel maker said in a statement on Sunday. Without specifying the ratio of the stock split, it said the meeting on May 3 would consider a sub-division …

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China Eastern resumes Boeing 737-800 flights after March crash

17 Apr 2022 17 Apr 2022

BEIJING (Reuters) -China Eastern Airlines has started putting its Boeing 737-800 jetliners back in use for commercial flights less than a month since a crash killed 132 people and led the company to ground 223 of the aircraft, the carrier said on Sunday. The airline said it had conducted systematic tests, structural checkups and verified …

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China’s regulator says Didi delisting does not concern other U.S. listed Chinese firms

16 Apr 2022 16 Apr 2022

SHANGHAI (Reuters) – China’s securities regulator said on Saturday that Didi Global decision to delist from New York Stock Exchange was a decision the Chinese ride-hailing giant made on its own based on the market and the company’s own situation. Didi’s delisting has nothing to do with other U.S.-listed Chinese stocks or ongoing efforts between …

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Reuters Asia Business﻿﻿

Reuters Asia Business