Reuters Asia Business Archives - Page 2129 of 2133

Evergrande to push ahead with sale of Hong Kong land after receiver appointment-source

4 Feb 2022 4 Feb 2022

HONG KONG (Reuters) – China Evergrande Group will continue with efforts to sell a plot of undeveloped land in Hong Kong even after the appointment of a receiver by a creditor, a person with direct knowledge of the matter said. The appointment of a receiver will also not have any bearing on the group’s restructuring …

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Student budgets may be tested by Cup Noodle price hike in Japan

4 Feb 2022 4 Feb 2022

(Refiling to remove a redundant full stop in paragraph 11) By Kantaro Komiya TOKYO (Reuters) – Student budgets in Japan may come under pressure after Cup Noodle, a cheap meal long associated with late night study sessions, became the latest target of price rises in the land of its birth. The one-two punch of global …

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Japan’s GPIF posts $47 billion return in Q3 on solid overseas stocks

4 Feb 2022 4 Feb 2022

TOKYO (Reuters) -Japan’s Government Pension Investment Fund (GPIF) said on Friday it posted a third-quarter investment return of 5.437 trillion yen ($47.29 billion) on gains from overseas stocks. GPIF, the world’s largest pension fund, managed 199.3 trillion yen of assets as of the end of December and its return on overall assets was 2.81% over …

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Japan’s economy likely rebounded in Q4 on solid consumption: Reuters poll

4 Feb 2022 4 Feb 2022

By Kantaro Komiya TOKYO (Reuters) – Japan’s economy likely rebounded in the final three months of 2021 as consumption rose during a drop off in COVID-19 cases, a Reuters poll showed, though it could slide back into contraction this quarter after a spike in Omicron variant infections. The poll also showed wholesale prices continued to …

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Indonesia appoints Bahlil interim energy minister

4 Feb 2022 4 Feb 2022

JAKARTA (Reuters) – Indonesia’s Investment Minister Bahlil Lahadalia has been appointed interim energy and mining minister, in what a government official on Friday said was a temporary move while the incumbent Arifin Tasrif recovers from COVID-19. Indonesia’s energy sector has been under the spotlight this year after the world’s biggest thermal coal exporter banned international …

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Japan’s 5-year bond yield scales zero on tighter policy expectation

4 Feb 2022 4 Feb 2022

By Kevin Buckland and Junko Fujita TOKYO (Reuters) -Japanese government bond yields climbed to multi-year highs on Friday as stubbornly hot inflation and more hawkishness from other major central banks spurred bets that the Bank of Japan would need to tighten policy soon. The selling of JGBs forced 5-year yields above zero percent for the …

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Toshiba to invest $1 billion to double power chip production

4 Feb 2022 4 Feb 2022

TOKYO (Reuters) – Toshiba Corp said on Friday it will invest about 125 billion yen ($1.09 billion) to more than double production of power management semiconductors, aiming to catch up with power chip giants such as Infineon Technologies AG. The Japanese industrial conglomerate will build a cutting-edge 300-millimeter fabrication plant in central Japan for power …

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Chinese sportswear shares jump as Winter Olympics kick off

4 Feb 2022 4 Feb 2022

HONG KONG (Reuters) – Shares of China’s home-grown sports brands such as ANTA Sports jumped more than 5% on Friday as the world’s third most valuable sportswear maker is expected to be a big winner from the Beijing Winter Olympics as the games kick off. Another likely winner is Li Ning as it also looks …

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Indonesia Q4 GDP seen up nearly 5% on exports, improved consumption- Reuters poll

4 Feb 2022 4 Feb 2022

By Shaloo Shrivastava BENGALURU (Reuters) – Indonesia’s economy grew 4.9% in the final quarter of 2021 as exports from the resource-rich economy surged amid a rise in global commodity prices while an easing of COVID-19 restrictions improved domestic consumption, a Reuters poll showed. Southeast Asia’s largest economy has reported a trade surplus since May 2020 …

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Thailand’s Gulf Energy to seal crypto JV with Binance in Q2

4 Feb 2022 4 Feb 2022

By Chayut Setboonsarng BANGKOK (Reuters) – Thai power producer Gulf Energy Development Pcl expects to finalise a joint venture (JV) with the world’s biggest cryptocurrency exchange, Binance, in the second quarter this year, a senior executive told Reuters in an interview. “Once we conclude talks with Binance on business model and shareholder agreements, a JV …

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Reuters Asia Business﻿﻿

Reuters Asia Business