Reuters Asia Business

AI demand powers Taiwan November exports to fastest growth in 15-1/2 years

By Faith Hung and Roger Tung TAIPEI, Dec 9 (Reuters) – Taiwan’s exports grew more than expected and logged their fastest growth in 15-1/2 years in November, as worldwide demand for the island’s chips and artificial intelligence (AI) technology remained robust heading into the end of the year. Taiwan’s exports have had uninterrupted gains for …

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South Korea reviewing dollar bond issuance at National Pension Service

By Cynthia Kim SEOUL, Dec 9 (Reuters) – A review is underway to examine how South Korea’s National Pension Service, the world’s third-largest retirement fund, might raise dollars, including by issuing dollar bonds, the welfare ministry said in a statement. The NPS has faced growing scrutiny over its dollar-buying role in the domestic currency market …

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IMF board approves Pakistan review, releases $1.2 billion in funding

Dec 8 (Reuters) – The International Monetary Fund said its executive board approved Pakistan’s latest loan review on Monday, unlocking about $1.2 billion and keeping the country’s IMF program on track. The decision gives Pakistan fresh support as it rebuilds reserves and tries to keep inflation in check, while meeting IMF demands to raise revenue …

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China’s November bank lending seen more than doubling from previous month- Reuters poll

By Shi Bu and Kevin Yao BEIJING, Dec 9 (Reuters) – New bank loan issuance in China likely more than doubled in November, a Reuters poll showed on Tuesday, driven by seasonal factors and the early impact of a financial instrument introduced in September to spur investment. Chinese banks are expected to have issued around …

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ASML customers include at least one with Chinese military links, Nieuwsuur reports

AMSTERDAM, Dec 9 (Reuters) – Customers of chip equipment maker ASML include at least one firm with links to the Chinese military, Dutch television program Nieuwsuur reported on Tuesday. The company said in a response that it could not confirm the report, but that it abides by all export laws, and so any equipment it …

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China executes former official of Huarong offshore finance unit for graft

BEIJING, Dec 9 (Reuters) – China executed on Tuesday a former general manager of China Huarong International Holdings, Bai Tianhui, for taking bribes totalling 1.1 billion yuan ($156 million), state broadcaster CCTV said. The company is a key offshore financing unit of troubled asset manager China Huarong Asset Management, known since 2024 as China CITIC …

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Hong Kong asks investment banks to ensure IPO applications maintain standards

By Selena Li HONG KONG, Dec 9 (Reuters) – Investment banks preparing Hong Kong initial public offering applications have been asked to make sure their submissions are up to standard, the city’s securities regulator and the stock exchange operator said. Hong Kong is one of the world’s major markets for IPOs and most of the …

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Vietnam’s Vingroup to develop $3 billion ecosystem in Telangana, strengthens India push

HANOI, Dec 9 (Reuters) – Vietnam’s largest conglomerate Vingroup on Tuesday signed a memorandum of understanding with Telangana’s state government for a proposed $3 billion investment to establish a multi-sector ecosystem in the southern Indian state. The projects would cover smart urban development, electric mobility, healthcare, education, tourism and renewable energy across approximately 2,500 hectares …

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Chinese officials call for more REITs to steady property sector

SHANGHAI, Dec 9 (Reuters) – Officials from China’s securities watchdog on Tuesday called for the rapid expansion of the public real estate investment trust (REIT) market to help ease developers’ liquidity pressures and meet investor demand for yield. China should allow commercial properties to be listed as REITs as soon as possible to support a …

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Granite Asia raises $350 million for fund backed by Temasek, Khazanah, INA

SINGAPORE, Dec 9 (Reuters) – Granite Asia, a Singapore-based investment firm, said on Tuesday that it had raised more than $350 million in the first close of its Pan-Asia private credit fund, anchored by Southeast Asian state investors Temasek, Khazanah Nasional and the Indonesia Investment Authority (INA). The strategy, called Libra Hybrid, is targeting $500 …

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