Reuters Asia Business

By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – Japan’s Sanae Takaichi launched a bid on Friday to become the first woman prime minister, pledging state spending and targeted tax relief as part of a master plan for growth that aims to double the economy within 10 years. She and Agriculture Minister Shinjiro Koizumi are …

PM contender Takaichi vows fiscal expansion to make Japan a ‘Rising Sun’ again Read More »

SEOUL (Reuters) – South Korean Foreign Minister Cho Hyun said on Friday the government will work to address problems faced by Korean workers with U.S. visas before proceeding with a $350 billion investment package that is part of a bilateral trade deal. His remarks come after a recent U.S. immigration raid resulted in the arrest …

South Korea aims to resolve US visa issues before executing $350 billion investment Read More »

By Sara Rossi LONDON (Reuters) – The U.S. Federal Reserve has delivered its first rate cut since December, diverging from most other major central banks that have kept interest rates unchanged. The Bank of England kept rates steady on Thursday and the Bank of Japan followed on Friday, while expectations for further euro zone rate …

Fed resumes easing path, other major central banks on hold Read More »

By Wen-Yee Lee and Hyunjoo Jin TAIPEI/SEOUL (Reuters) – Nvidia’s $5 billion investment in Intel is a double-edged sword for Asian chipmakers such as TSMC as an Intel revival could ease U.S. scrutiny on its foreign rivals although it can boost competition in the long term. The world’s most valuable company announced the equity investment …

Intel’s Nvidia deal expected to be a mixed blessing for Asian chipmakers Read More »

By Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s Finance Minister Purbaya Yudhi Sadewa said on Friday he saw no need to change the rules on the fiscal deficit ceiling, adding that the Southeast Asian country was in better fiscal health than some other countries. The comments came two days after the country’s central bank unexpectedly cut …

No need for changes in Indonesia’s fiscal rules, finance minister says Read More »

SEOUL (Reuters) – South Korea’s top trade envoy said on Friday that South Korea is trying to resolve issues around U.S. auto tariffs quickly to avoid being disadvantaged by higher duties, explaining to the U.S. that “Japan and South Korea are different”. Japan and South Korea are leading car exporters but under a trade deal …

South Korea trying to resolve issues with US auto tariffs quickly, trade envoy says Read More »