Reuters Asia Business

Dollar falls as investors see Fed minutes as less hawkish than feared

16 Feb 2022

By Caroline Valetkevitch NEW YORK (Reuters) – The U.S. dollar index was down on Wednesday, hitting its lowest level since Friday after minutes from the last U.S. Federal Reserve meeting suggested policymakers are not set on a particular pace of interest rate hikes. According to the January meeting minutes released on Wednesday, Fed officials last …

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Gold, oil rise on Ukraine crisis; U.S. stocks rebound

16 Feb 2022

By Herbert Lash and Sujata Rao NEW YORK/LONDON (Reuters) – Oil and gold rose on Wednesday after NATO and the United States said Russia was increasing its troop build-up near Ukraine, while a dovish reading of minutes from the Federal Reserve’s meeting last month helped stocks rebound on Wall Street. Stronger-than-expected U.S. retail sales data …

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Jana Partners launches proxy fight at Zendesk, nominates four to board

16 Feb 2022

By Svea Herbst-Bayliss BOSTON (Reuters) – Jana Partners has nominated four directors to the board of Zendesk, arguing the company must be rehabilitated after an unpopular attempt to buy Momentive Global, parent of web-survey company SurveyMonkey, according to a regulatory filing. Jana Partners launched the proxy contest a week before Zendesk shareholders are scheduled to …

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Chinese businessman Guo Wengui files for bankruptcy in U.S. court

16 Feb 2022

(Reuters) – Chinese businessman Guo Wengui, also known as Ho Wan Kwok, filed for individual bankruptcy protection in a U.S. bankruptcy court in Bridgeport, a court filing showed. Guo listed assets in the range of $50,001 to $100,000 in the bankruptcy filing, and liabilities between $100 million and $500 million. Among the list of creditors …

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Ex-Goldman banker testifies that 1MDB deal made him a ‘hero’

16 Feb 2022

By Luc Cohen and Jody Godoy NEW YORK (Reuters) -A former Goldman Sachs partner testified on Wednesday that he and a colleague became “heroes” at the bank for bringing in billions in business from Malaysia’s 1MDB sovereign wealth fund, deals he said were cemented through bribes and kickbacks. Tim Leissner, the former chief of Goldman’s …

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China’s MMG faces Peru whack-a-mole as mining protests splinter

16 Feb 2022

By Marcelo Rochabrun CANCAHUANI, Peru (Reuters) – On a cold day in January, a group of angry indigenous communities in Peru’s copper-rich Andes was driving a hard bargain with the government and Chinese mining firm MMG Ltd around a makeshift negotiating table on a covered soccer pitch. The argument was over trucking contracts and was …

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South Korea, Iran discuss resuming oil trade, unfreezing funds

16 Feb 2022

SEOUL (Reuters) -South Korea and Iran have held working-level talks on resuming imports of Iranian crude oil and unfreezing Iranian funds held in the East Asian nation, South Korea’s foreign ministry said on Wednesday. South Korea was previously one of Iran’s leading Asian oil customers. The move coincides with negotiations resuming in Vienna to revive …

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Indian tax authorities search premises of China’s Huawei

16 Feb 2022

BENGALURU (Reuters) – India’s income tax authorities have conducted searches at multiple premises of Chinese telecoms equipment maker Huawei Technologies as part of a tax investigation, a government source told Reuters, confirming local media reports. The searches were conducted at Huawei’s office premises in New Delhi, neighbouring Gurugram and tech hub Bengaluru on Tuesday, the …

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Neste to start Singapore sustainable aviation fuel plant by Q1 2023 – executive

16 Feb 2022

By Koustav Samanta (Reuters) – Finland’s Neste plans to produce its first batch of sustainable aviation fuel (SAF) in Singapore by the end of first quarter next year after the COVID-19 pandemic delayed its expansion project, a senior executive said on Wednesday. “It’s been delayed due to the pandemic as we were already hoping to …

Neste to start Singapore sustainable aviation fuel plant by Q1 2023 – executive Read More »

Time to ready global response to crypto risks, regulators say

16 Feb 2022

By Huw Jones and Tom Wilson LONDON (Reuters) – Risks from the $2.6 trillion crypto market could grow quickly and regulators need pre-prepared measures to bring the sector to heel, the Financial Stability Board (FSB), a risk monitoring watchdog for the G20 economies, said on Wednesday. While cryptoassets like bitcoin remain a small part of …

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