Reuters Asia Business

Canada had constructive talks with China over canola dispute, Ottawa says

12 Sep 2025

OTTAWA (Reuters) -Canadian officials had constructive talks with their Chinese counterparts about Beijing’s duties on canola during a recent visit, Prime Minister Mark Carney’s office said in a statement on Friday. China, the world’s largest importer of canola, imposed preliminary duties of 75.8% on Canadian canola seed imports in August. A final ruling will not …

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Singapore’s Carro eyes M&A, Australia foray ahead of potential dual listing

12 Sep 2025

By Xinghui Kok and Yantoultra Ngui SINGAPORE (Reuters) -Carro, Southeast Asia’s largest used-car online marketplace, is weighing a dual listing and plans to bulk up for it by expanding into Australia and pursuing two to three acquisitions as early as the next quarter, its CEO said. The company was eyeing a U.S. IPO at more …

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Shenyang’s local government raises bid to take Shengjing Bank private

12 Sep 2025

-Shenyang’s local government has sweetened its offer to take Shengjing Bank private, in a deal that now values the commercial lender at HK$14.07 billion ($1.81 billion), the bank said on Friday.  Shenyang Shengjing Financial Holding Investment, which is majority-owned by the Assets Supervision and Administration Commission of Shenyang Municipal Government, had previously offered to buy the …

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Japan cuts price cap on Russian oil to $47.60 in additional sanction

12 Sep 2025

TOKYO (Reuters) – Japan lowered its price cap on Russian crude oil to $47.60 per barrel from $60, effective on Friday, to punish Moscow for its continued war in Ukraine, although the move is largely symbolic as nearly all Japan’s current Russian crude imports are exempt. The measure follows the European Union’s action in July …

Japan cuts price cap on Russian oil to $47.60 in additional sanction Read More »

Exclusive-Sri Lanka central bank has room to cut rates but will be cautious, says governor

12 Sep 2025

By Uditha Jayasinghe and Krishna N. Das COLOMBO (Reuters) -Sri Lanka’s central bank has room to cut interest rates further but is treading carefully to preserve a buffer against potential external shocks, Governor P. Nandalal Weerasinghe told Reuters on Friday, ahead of its policy meeting on September 23. The Central Bank of Sri Lanka surprised …

Exclusive-Sri Lanka central bank has room to cut rates but will be cautious, says governor Read More »

Pakistan seen extending pause on rate cuts after floods ravage farmland: Reuters poll

12 Sep 2025

By Ariba Shahid KARACHI (Reuters) -Pakistan’s central bank is expected to keep its key rate steady on Monday, a Reuters poll showed, as floods that ravaged farmland and threaten fresh food inflation prompt policymakers to extend their pause on monetary easing. Thirteen of 14 analysts surveyed forecast the State Bank of Pakistan will hold its …

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China seeks feedback on plans to streamline gold import rules

12 Sep 2025

BEIJING (Reuters) -China is seeking public feedback on a proposal to make it easier to import and export gold and gold products by streamlining the licence system, its central bank said on Friday. The world’s top gold consumer intends to expand the number of customs authorities that are eligible to manage the “Non-one-batch-one-licence” for gold …

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China has a new overcapacity fix: stern lectures

12 Sep 2025

By Lewis Jackson, Joe Cash and Claire Fu BEIJING/SINGAPORE (Reuters) -Zhang Xiong, a general manager at China’s state-owned Sichuan 15th Construction Company, delivered a simple message when he spoke to staff last month: stop losing money. “We must strengthen institutional mechanisms to ensure that we ‘cannot and dare not’ make losses,” Zhang told a meeting …

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China August bank loans pick up but well below forecast as economy struggles

12 Sep 2025

By Kevin Yao and Ethan Wang BEIJING (Reuters) – China’s new bank loans recovered in August but were much lower than expected after unexpectedly contracting in July, as a protracted property slump and the government’s campaign to rein in industrial overcapacity weighed on credit demand. Chinese banks extended 590 billion yuan ($82.84 billion) in new …

China August bank loans pick up but well below forecast as economy struggles Read More »

BOJ should watch out inflation risks from weak yen, ex-Japan FX diplomat says

12 Sep 2025

By Makiko Yamazaki and Tamiyuki Kihara TOKYO (Reuters) -The Bank of Japan should be mindful of the risk of inflation accelerating due to the yen’s prolonged weakness, as Japan’s interest rates remain ultra-low, former top currency diplomat Toyoo Gyoten told Reuters. “It’s a matter of fact that Japan’s interest rates have been simply too low, …

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