Reuters Asia Business

By Clare Jim and Selena Li HONG KONG (Reuters) -Hong Kong’s debt-laden developers and their creditors are set to face intensifying financial pressure as bond maturities are slated to jump by nearly 70% next year amid falling sales and valuations for the city’s economically crucial property sector. Road King last week became the first city-based …

Analysis-Hong Kong property sector clouded by rising debt repayment risks Read More »

HANOI (Reuters) -Vietnam is planning to tweak its regulations to allow state utility EVN to adjust retail electricity prices to cover its losses, which stood at nearly $1.5 billion at the end of last year. The rule changes are aimed at “easing difficulties for EVN and ensuring national energy security”, the government said in a …

Vietnam considers rule change allowing loss-making EVN to raise power prices Read More »

SINGAPORE (Reuters) -Singapore’s non-oil domestic exports fell 4.6% in July from the same month a year earlier, government data showed on Monday, weaker than analysts’ estimates as pharmaceuticals led a drop in non-electronics shipments. The fall compared with a Reuters poll forecast for annual contraction of 1.8%, and followed a revised 12.9% rise in June. …

Singapore’s exports fall 4.6% y/y in July, weaker than forecast Read More »

By Sudarshan Varadhan, Joyce Lee and Heekyong Yang SINGAPORE/SEOUL, August 18 (Reuters) -South Korea’s nuclear power output is racing ahead of official targets due to fewer maintenance outages, a new plant coming online and reactors running at full tilt, helping to rein in generation costs and pushing down coal usage. Generation from nuclear plants grew …

South Korea’s nuclear power output surges as coal use plunges Read More »

WASHINGTON (Reuters) -U.S. President Donald Trump said on Friday he did not immediately need to consider retaliatory tariffs on countries such as China for buying Russian oil but might have to “in two or three weeks.” Trump has threatened sanctions on Moscow and secondary sanctions on countries that buy its oil if no moves are …

Trump says no imminent plans to penalize China for buying Russian oil Read More »

SAO PAULO (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Friday that foreign companies that want to do business in Brazil are welcome, speaking at the opening ceremony for a factory for Chinese automaker GWM in the state of Sao Paulo. “Count on the Brazilian government. Whoever wants to leave, leave. Whoever wants …

Brazil is open for business, Lula says at Chinese factory opening Read More »