Reuters Asia Business

TOKYO (Reuters) -There is a small gap between Nippon Steel and the U.S. government over the authority of a golden share tied to its acquisition of U.S. Steel, the Japanese steelmaker’s president said on Thursday. Last week, the Wall Steet Journal reported that the administration of U.S. President Donald Trump had blocked U.S. Steel’s plan …

Nippon Steel sees small gap with Washington over US Steel’s golden share authority Read More »

KUALA LUMPUR (Reuters) -Hong Kong, Sri Lanka, Chile and Bangladesh are seeking to join the China-backed Regional Comprehensive Economic Partnership, the world’s largest trade bloc, Southeast Asian officials said on Thursday. The RCEP currently consists of China, Japan, South Korea, Australia, New Zealand and all ten members of the Association of Southeast Asian Nations. RCEP …

Hong Kong, Sri Lanka, Chile and Bangladesh seeking to join RCEP trade bloc Read More »

HONG KONG (Reuters) -HSBC has agreed to sell its retail banking operations in Sri Lanka to local peer Nations Trust Bank, the lender said late on Wednesday. The transaction covers HSBC’s entire retail banking business in Sri Lanka, including the accounts, credit cards, and retail loans, according to the company statement. Financial details of the …

HSBC to sell Sri Lanka retail banking business to Nations Trust Bank Read More »

TOKYO (Reuters) -A leading indicator of Japan’s service-sector inflation perked up in August, data showed on Thursday, backing up the central bank’s view that rising labour costs will help keep inflation sustainably around its 2% target. The services producer price index, which tracks the price companies charge each other for services, rose 2.7% in August …

Japan’s corporate service inflation perks up in August Read More »

SEOUL (Reuters) -A board member of South Korea’s central bank said on Thursday that policy coordination is required to respond to financial stability risks, after the bank held interest rates steady last month despite growth headwinds. “While household debt growth is slightly stabilising on government measures, there still remain expectations for rises in home prices …

Bank of Korea board member says must coordinate policy to respond to financial stability risks Read More »