BEIJING – China’s foreign exchange reserves unexpectedly fell in January as the dollar gained, official data showed on Monday. The country’s foreign exchange reserves – the world’s largest – fell $28.53 billion to $3.22 trillion last month, compared with $3.26 trillion forecast in a Reuters poll of analysts and $3.25 trillion in December. The yuan …
TAIPEI (Reuters) – Taiwan’s central bank has allowed Deutsche Bank to start trading Taiwan dollar deliverable and non-deliverable forwards again, three sources told Reuters, after it suspended them as part of a crackdown on speculation last February. The central bank issued the two-year punishment to Deutsche following a case where it said foreign banks helped …
Taiwan lifts forex trading punishment on Deutsche -sources Read More »
By Gavin Maguire and Isabel Kua SINGAPORE (Reuters) – BHP Group unveiled the world’s first liquefied natural gas-fuelled bulk carrier vessel in Singapore on Monday, one of five vessels that the mining giant will take delivery of in 2022 as part of efforts to curb supply chain emissions. The 299-metre (981 ft) long Mt. Tourmaline …
BHP unveils world’s first LNG-powered ore carrier, sees 30% emissions cut Read More »
BANGKOK (Reuters) – Investor confidence in Thailand’s stock market over the next three months slipped to a six-month low on concerns about the Federal Reserve’s tightening plans and a sluggish domestic economy, a capital market group said on Monday. A January survey by the Federation of Thai Capital Market Organizations (FETCO) showed its investor confidence …
Thai stock investor mood at 6-mth low on Fed tightening Read More »
BEIJING (Reuters) – China and the United States should address trade issues on the basis of mutual respect, the Chinese foreign ministry said on Monday, as U.S. officials urged Beijing to take concrete action to meet commitments under a trade deal. There are no winners from trade frictions, Zhao Lijian, spokesman for the foreign ministry, …
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) -Indonesia’s economic growth accelerated in the final quarter of last year as consumption perked up following the easing of anti-virus mobility restrictions and as stronger commodity prices pushed exports to record highs. Southeast Asia’s largest economy grew 5.02% on a yearly basis in the October-December quarter, compared …
Indonesia’s GDP speeds up on easing COVID-19 curbs, brisk exports Read More »
TOKYO (Reuters) – Japan’s coincident indicator index in December fell for the first time in three months, the government said on Monday, a sign the economy was sluggish even before seeing a record surge in COVID-19 cases caused by the Omicron variant. The index, which consists of a variety of data such as factory output, …
Japan’s Dec coincident index sees first fall in three months -govt Read More »
TOKYO (Reuters) – Japan is expected to hike its gasoline subsidy for oil distributors to 5 yen ($0.04) a litre for the week starting on Thursday, a government source told Reuters, hitting a cap for the temporary scheme to blunt a sharp rise in fuel prices. Fuel prices have surged as crude oil prices soared …
Japan to raise gasoline subsidy again, hitting cap -source Read More »
By John McCrank NEW YORK (Reuters) – Asian investors can now buy and sell U.S. stocks during Korean business hours in real time through a partnership between Samsung Securities and U.S.-based off-exchange trading venue operator Blue Ocean Technologies LLC, the companies said on Monday. “This is the first time in the history of the U.S. …
Samsung, Blue Ocean launch U.S. stock trading during South Korean business hours Read More »
BEIJING (Reuters) – Activity in China’s services sector in January expanded at the slowest pace in five months, as a surge in local COVID-19 cases and containment measures hit new business and consumer sentiment while employment fell, a private survey showed on Monday. The Caixin/Markit services Purchasing Managers’ Index (PMI) dropped to 51.4 in January …
China’s Jan services activity expands at slowest rate in five months – Caixin PMI Read More »
