Reuters Asia Business

TOKYO (Reuters) -Former Japanese Foreign Minister Toshimitsu Motegi, a prime ministerial hopeful running in the ruling party’s leadership race, on Wednesday endorsed the Bank of Japan’s policy of gradually normalising monetary policy. “I believe the basic policy direction is to normalise the ultra-easy monetary policy gradually,” Motegi told reporters, saying that Japan’s economy is nearing …

Japan PM hopeful Motegi endorses BOJ’s plan to gradually normalise monetary policy Read More »

By Sudarshan Varadhan SINGAPORE (Reuters) -Asia’s clean energy push will stall unless governments curb fossil fuel subsidies, offer stable policy direction and invest in upgrading grids, industry executives said on Wednesday. The executives flagged the cancellation of renewables auctions and subsidies to the fossil fuel industry as the biggest impediments of growth in green investments …

Coal subsidies, policy instability threaten Asia’s energy transition Read More »

SEOUL/BEIJING (Reuters) -Air Cambodia said it could buy up to 20 Chinese-made C909 regional jets, adding Cambodia to a growing list of Southeast Asian customers of China’s state-owned planemaker COMAC, which is seeking to sell its aircraft globally. Flag carrier Air Cambodia and the Commercial Aircraft Corporation of China (COMAC) both said on Tuesday they …

Air Cambodia to become latest customer for China-made COMAC planes Read More »

By Nick Carey MUNICH (Reuters) -Chinese car makers are making inroads in Europe and executives say they are in the region to stay, underscoring a key reversal as brands from BYD to SAIC take market share on a continent where they once struggled to make sales. At this week’s IAA Mobility car show in Munich, …

‘In Europe to stay’: Chinese carmakers steal a leaf from VW’s playbook Read More »

SEOUL (Reuters) -South Korean Foreign Minister Cho Hyun and Korean companies have discussed U.S. visa issues related to the recent detention of hundreds of workers during a U.S. immigration raid, the foreign ministry said on Wednesday. Cho said the government was making every effort to ensure the safe return of the detained workers and that …

South Korean foreign minister discusses U.S. visa issues with Korean companies Read More »

SINGAPORE (Reuters) -Southeast Asia is positioned to export biofuels to other markets such as Europe as production capacity exceeds demand in the region, a senior executive with Malaysian state oil and gas company Petronas said on Wednesday. Annual sustainable aviation fuel capacity in Asia is projected to reach 4 million metric tons by 2030, Ahmad …

Southeast Asia set to export surplus biofuels to Europe, Petronas executive says Read More »

By Casey Hall SHANGHAI (Reuters) -Political tensions, fierce domestic competition and China’s slowing economic growth are sapping the confidence of U.S. businesses in the country, with optimism about their five-year outlook falling to a record low, a survey showed. Only 41% of U.S. firms were optimistic about their five-year China business outlook, a drop of …

US-China tensions drive business confidence to new lows, survey says Read More »