Reuters Asia Business

By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) -Just a few months before being named Indonesia’s new finance minister, Purbaya Yudhi Sadewa, raised eyebrows in markets by calling the International Monetary Fund “stupid” for cutting its growth outlook for Southeast Asia’s largest economy. “Don’t believe the IMF. If you want economic prediction, ask me. I …

Plain speaking economist, Purbaya, takes helm as Indonesia’s finance minister Read More »

By Aditi Shah FARIDABAD, India (Reuters) -In a 3,500 square foot laboratory in Faridabad, northern India, engineers are fast-tracking tests on an EV motor that could help alleviate one of New Delhi’s most pressing trade and diplomatic challenges: its reliance on China for rare earths. Unlike regular EV motors, the one being tested by Sterling …

India revs up alternate EV motor tests as China curbs rare earths exports Read More »

By Leika Kihara TOKYO (Reuters) -The appointment of a new Japanese prime minister next month could give the central bank more reasons to go slow on its next interest rate hike, especially if the next leader is wary of seeing borrowing costs rise too quickly. While the Bank of Japan’s main concern remains domestic inflation …

Analysis-Ishiba’s departure gives BOJ pause for thought on rate hikes Read More »

By Jeslyn Lerh and Siyi Liu SINGAPORE (Reuters) -The use of alternative fuels in shipping will accelerate after 2030 as tighter emissions standards come into effect, in contrast to the stop-start transition for now, shipping executives told the APPEC conference in Singapore on Tuesday. The take-off in this decade is expected to be gradual as …

Alternative marine fuels uptake will speed up after 2030, shipping executives say Read More »

SINGAPORE (Reuters) -Bank Indonesia was seen buying longer-dated government bonds on Tuesday in an attempt to stabilise the market, according to two traders. The move came after Indonesia’s abrupt removal of its influential Finance Minister Sri Mulyani Indrawati on Monday stunned markets, sparking a sharp selloff in the rupiah and the country’s bonds on Tuesday. …

Exclusive-Bank Indonesia buys longer-dated government bonds to stabilise market, traders say Read More »

By Jeslyn Lerh SINGAPORE (Reuters) -Japan’s second-largest shipping company Mitsui O.S.K. Lines wants to tie up with Indian companies to build tankers in India, aiding the South Asian nation’s effort to boost local manufacturing, its chief executive, Takeshi Hashimoto said. New Delhi is modernising its maritime laws to allow foreign participation in the sector, including …

Japan’s Mitsui OSK eyes shipbuilding partnerships in India Read More »