Reuters Asia Business

SEOUL (Reuters) -South Korea’s LG Energy Solution has won an order to supply electric vehicle batteries to Mercedes-Benz AG, according to a company filing on Wednesday. LG Energy Solution will supply 32 gigawatt-hour batteries to the German automaker by the end of 2035, the Seoul-based firm said, without disclosing the value of the contract. In …

South Korea’s LG Energy Solution wins battery orders from Mercedes-Benz Read More »

By Makiko Yamazaki and Kentaro Sugiyama TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said he discussed various topics on the economy and markets, including foreign exchange rate moves, in a meeting with Prime Minister Shigeru Ishiba on Wednesday. “It’s desirable for currency rates to move stably, reflecting fundamentals,” Ueda told reporters after meeting with …

BOJ’s Ueda says he discussed markets, FX, with PM Ishiba Read More »

By Kitiphong Thaichareon and Thanadech Staporncharnchai BANGKOK (Reuters) -Thailand will set up a special task force in October to manage millions of certificates of origin expected to be required under new trade rules being negotiated with the United States, a Thai official said, as Washington scrutinises transshipment practices. Southeast Asian countries, including Thailand and Vietnam, …

Thailand to form special task force to meet strict US trade rules Read More »

(Corrects to show core rate was also at 0.5% in March in paragraph 7 and removes extraneous ‘forecast’ in same paragraph) SINGAPORE (Reuters) -Economists have raised their forecasts for Singapore’s growth this year and expect monetary policy to be held steady at a review next month, a survey of forecasters by the Monetary Authority of …

Singapore MAS survey shows economists lift GDP forecast, see steady policy Read More »

(Corrects the timing of BOJ’s exit from easy policy in fourth paragraph) By Gregor Stuart Hunter SINGAPORE (Reuters) -Japanese financial markets are undergoing a long-awaited reflation trade. There’s just one missing factor: the Japanese investor. Foreign buyers have been in the driving seat of a rally that has driven Tokyo shares to record highs last …

Japanese investors are leaving the reflation trade to foreigners Read More »

By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Stock markets around the world slumped on Tuesday while bond yields rose and gold hit a new high, as investors moved into “stagflation” trades against a backdrop of rising worries over tariffs, inflation and …

Trading Day: ‘September effect’ makes early mark Read More »