Reuters Asia Business

TOKYO (Reuters) – Japan’s Mitsui OSK Lines, Toho Gas and Hokuriku Electric Power will buy a stake of 25% in Formosa International Investment from Australia’s Macquarie Group to enter Taiwan’s offshore wind power business. The Japanese firms said the deal takes them into the overseas offshore wind power market, with the aim of gathering industry …

Japan’s Mitsui OSK, others to buy 25% stake in Taiwan’s Formosa-1 wind farm Read More »

TOKYO (Reuters) – Japan’s next central bank governor should be someone who understands the need to work with the government in beating deflation, Prime Minister Fumio Kishida said on Friday. Markets are looking ahead to a change of leadership due next year at the Bank of Japan (BOJ), eyeing possible changes to its massive asset-buying …

Japan PM Kishida wants new BOJ head to work towards ending deflation Read More »

By Kantaro Komiya TOKYO (Reuters) – Japan’s economy expanded more than initially expected in the final quarter of 2021, but rising input prices likely kept wholesale inflation near a record in February in a sign of rising risks to the fragile recovery, a Reuters poll showed. Revised gross domestic product (GDP) data will likely show …

Japan’s Q4 GDP forecast to revise up, wholesale price gains cloud outlook – Reuters Poll Read More »

By Tim Kelly and Tetsushi Kajimoto TOKYO (Reuters) – Japan unveiled on Friday a raft of measures to help small and midsize firms cope with surging global fuel prices amid the Ukraine crisis, with an increased subsidy ceiling on oil and the extension of corporate funding, ministers said on Friday. Prime Minister Fumio Kishida’s cabinet …

Japan unveil steps to boost oil subsidy, back small firms Read More »

By David Brunnstrom and Michael Martina WASHINGTON (Reuters) – Influential U.S. lawmakers have demanded that one of the world’s biggest banks, HSBC Holdings Plc, explain its actions in freezing accounts of Hong Kong pro-democracy activists, moves that could leave it liable to severe sanctions under U.S. law. The bipartisan group of six senators and seven …

U.S. lawmakers demand HSBC explain actions against Hong Kong activists, Americans Read More »

By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – MG Motor India, which is owned by China’s SAIC Motor, plans to raise funds to develop its Indian electric mobility business, three sources told Reuters, as Chinese investments face increased scrutiny by the government in New Delhi. MG Motor India may try to sell a …

Exclusive-Chinese automaker SAIC’s MG Motor India to raise funds for EV push -sources Read More »