Reuters Asia Business

By Leika Kihara TOKYO (Reuters) – The crisis in Ukraine could hurt Japan’s economy by driving up the price households and companies pay for fuel and commodities, a central bank policymaker said on Thursday, signaling the need to maintain massive stimulus to support a fragile recovery. Japan’s consumer inflation could briefly approach the central bank’s …

Ukraine crisis may hurt Japan’s economy via fuel spike, says BOJ policymaker Read More »

By Tetsushi Kajimoto TOKYO (Reuters) -Japan will freeze the assets of four additional Russian banks from April 2, Finance Minister Shunichi Suzuki said on Thursday, taking to seven the total number Tokyo has slapped with such sanctions. Prime Minister Fumio Kishida’s cabinet approved the decision to freeze the assets of VTB Bank, Sovcombank, Novikombank and …

Japan to freeze assets of four more Russian banks from April 2 Read More »

HONG KONG (Reuters) – Casino companies in Macau will have their licences extended by six months, public broadcaster TDM reported on Thursday, citing a city official, allowing more time for a highly anticipated rebidding process in the world’s biggest casino hub. Economy and Finance Secretary Lei Wai Nong, speaking after a Legislative Assembly meeting, said …

Macau government extends casino licences to December – media Read More »

By Aradhana Aravindan SINGAPORE (Reuters) – Home rents have risen to a seven-year high in Singapore, already one of the world’s most expensive cities, even though the city-state’s population has dipped in the past two years. The rental price index of private residential properties increased to 114.2 in the fourth quarter of 2021, up 9.9% …

Pricey Singapore rents go through the roof even as population dips Read More »

By Devik Jain and Noel Randewich (Reuters) – Wall Street ended sharply higher on Wednesday after Federal Reserve Chair Jerome Powell signaled the central bank would likely raise interest rates less than some investors had feared. Powell’s comments, in testimony to the U.S. House of Representatives Financial Services Committee, helped calm investors after Russia’s invasion …

Wall Street ends sharply higher, Powell assuages rate worries Read More »

(Reuters) – Companies have taken action to limit, put on hold or exit business activities in Russia following a wave of sanctions imposed after Moscow’s invasion of Ukraine. Below is a list of companies that have announced plans to exit Russia or to curb activities there: AUTOMAKERS Daimler Truck said it would freeze its business …

Factbox-Companies cut Russia operations and trade as sanctions tighten Read More »