Reuters Asia Business

LONDON (Reuters) – The world’s top central banks are about to embark on “the largest quantitative tightening in history”, analysts at Morgan Stanley said on Friday, estimating that $2.2 trillion worth of support would disappear over the next 12 months. A surge in global inflation is forcing the U.S. Federal Reserve, European Central Bank, Bank …

Central banks to embark on “largest quantitative tightening in history” – Morgan Stanley Read More »

By Marwa Rashad LONDON (Reuters) – Asian spot liquefied natural gas (LNG) fell this week, tracking gas prices in Europe, amid muted demand from China as the Lunar New Year holiday reduced trading activity in north-east Asia. The average LNG price for March delivery into north-east Asia fell to $25.00 per metric million British thermal …

Asian prices fall as Lunar New Year reduces trading Read More »

By Alla Afanasyeva and Olga Yagova MOSCOW (Reuters) – Kazakhstan has asked the foreign companies operating its main oilfields to supply the domestic market so it can boost its refining industry and tackle the rising fuel prices that led to violent protests in January. Energy minister Bolat Akchkulakov said Kazakhstan can’t ramp up domestic refining …

Kazakhstan wants more oil output to stay at home to tackle fuel problems Read More »

TOKYO (Reuters) – Japan’s JERA, one of the world’s biggest buyers of liquefied natural gas (LNG), has procured about 4.1 million tonnes of spot LNG through its trading arm JERA Global Markets so far in the financial year to March 31, the trading unit said on Friday. The volume, which is the equivalent of 63 …

JERA’s purchase of spot LNG rises to 4.1 million T so far in FY2021/22 Read More »

By Paresh Dave (Reuters) – Amazon.com Inc has racked up four straight quarters of cloud computing sales growth, a streak analysts are calling impressive and easing concerns that a customer shift toward multiple cloud vendors would hurt its leading market share. Warnings from industry regulators https://www.reuters.com/world/the-great-reboot/bank-regulators-tech-giants-are-now-too-big-fail-2021-08-20 of the need to cut risk as well as …

Analysis-Despite client shift to ‘multicloud’, Amazon notches up sunny sales Read More »

(Reuters) – Toshiba Corp is set to sell its 60% stake in air conditioning business Toshiba Carrier to its U.S. counterpart, Carrier Corp, for about $869 million, Nikkei reported on Friday. (Reporting by Mrinmay Dey in Bengaluru; Editing by David Goodman)

MOSCOW (Reuters) – Russian and Chinese presidents Vladimir Putin and Xi Jinping discussed the need to broaden trade in national currencies because of unpredictability surrounding the use of the dollar, the Kremlin said on Friday. President Joe Biden has said Russian companies could be cut off from the ability to trade in dollars as part …

Putin, Xi discuss shifting currency trade away from dollar – Kremlin Read More »