Reuters Asia Business

By Devjyot Ghoshal NEW DELHI (Reuters) – Anger against Sri Lankan President Gotabaya Rajapaksa’s handling of a deepening economic crisis in the island nation of 22 million people spiralled into violence late on Thursday, as hundreds of protesters clashed with police for several hours. A severe shortage of foreign currency has left Rajapaksa’s government unable …

Explainer-How Sri Lanka’s economy spiralled into crisis Read More »

By Aditi Shah NEW DELHI (Reuters) – Carmakers in India reported a sharp rise in annual sales for the fiscal year 2022 on Friday, but warned of future risks from global supply chain disruptions. Maruti Suzuki, India’s biggest carmaker, said sales rose 13% in the fiscal year ended March 31 to 1.65 million units, growing …

Car sales in India rise but automakers warn of supply chain disruptions Read More »

HANOI (Reuters) – Vietnam is seeking to import more coal from Australia to ease a shortage of the fossil fuel for electricity production, the Ministry of Industry and Trade said on Friday. The ministry has asked the Australian embassy in Hanoi to arrange a meeting with Australian suppliers to sign new contracts, aiming to have …

Vietnam seeks to import more coal from Australia to avert power shortage Read More »

JAKARTA (Reuters) – Senior Indonesian minister Luhut Pandjaitan said on Friday prices of 90-octane gasoline and subsidised liquefied petroleum gas in 3-kg cannisters may be increased to reflect higher global energy prices, news sites Detik and Kompas reported. The reports come as state energy firm Pertamina lifted price of 92-octane gasoline Pertamax by 39% to …

Indonesia may hike prices of 90-octane gasoline, subsidised LPG- media Read More »

By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) – Global factory activity slowed in March as Russia’s invasion of Ukraine tightened supply chain bottlenecks, dampened demand and whacked confidence, while soaring energy costs drove a broader surge in prices, surveys showed on Friday. Uncertainty caused by the invasion, combined with an intensifying cost-of-living crisis, suggests …

Global factory activity slows as Ukraine crisis, inflation bite Read More »

SHANGHAI (Reuters) – Chinese exports to Russia are slowing as the rouble swings in value, clear evidence of a ripple effect that Western sanctions over Russia’s invasion of Ukraine are having in China, even as it sticks by its neighbour diplomatically. Chinese multinationals have stayed in Russia while their Western rivals flee but it is …

Chinese trade with Russia feels the sting of Ukraine war Read More »

BEIJING (Reuters) -China’s new home prices rose slightly in March with demand in small cities still weak despite more local policy easing steps, and renewed COVID-19 flare-ups curbing the appetite to buy. New home prices in 100 cities grew 0.03% on month, matching the rise in February, according to data from China Index Academy, one …

China’s March new home prices up marginally -private survey Read More »

By Uditha Jayasinghe and Dinuka Liyanawatte COLOMBO (Reuters) -Police in Sri Lanka’s capital lifted a curfew on Friday after protests in which dozens of people were arrested and several policemen were hurt near the home of President Gotabaya Rajapaksa over his handling of an economic crisis. Hundreds of protesters gathered near Rajapaksa’s residence in a …

Sri Lanka lifts curfew after violent protests over economic crisis Read More »

By Dominique Patton and Hallie Gu BEIJING (Reuters) – China’s COVID-19 curbs are disrupting the supply of fertiliser to the country’s northeastern bread basket just a month away from spring planting, threatening this year’s corn and soybean crops if not resolved soon. Farmers typically have fertiliser prepared in early April before applying to fields later …

China’s farmers face fertiliser crunch as COVID measures hamper deliveries Read More »