By Ed White WINNIPEG, Manitoba (Reuters) -Canadian farmers are reeling from China’s decision to impose hefty duties on their canola seed, after the surprise move spooked grain buyers into halting purchases and stoked worries there will be little demand for crop deliveries this autumn. China hit Canadian canola seed imports with preliminary 75.8% duties on …
Canadian farmers reel as China blocks top canola seed market Read More »
(Fixes spelling of the spokesperson’s name in paragraph 2) By Heejin Kim SEOUL (Reuters) -South Korean President Lee Jae Myung will visit Japan from August 23-24 and hold a summit with Prime Minister Shigeru Ishiba, Lee’s office said at a briefing on Wednesday. The leaders will discuss ways to improve regional peace and boost trilateral …
South Korean President Lee to visit Japan for summit with Ishiba, Seoul says Read More »
By Liz Lee BEIJING (Reuters) -China has taken countermeasures against two banks in the European Union, in response to the bloc placing two Chinese financial institutions on a Russia-related sanctions list, its commerce ministry said on Wednesday. Effective immediately, Lithuanian banks UAB Urbo Bankas and AB Mano Bankas were banned from carrying out transactions and …
China targets two EU banks, retaliating to bloc’s Russia sanctions package Read More »
By Summer Zhen HONG KONG (Reuters) -Global hedge funds ramped up risk appetite and added exposure to Japanese equities ahead of the Nikkei’s surge to an all-time high as tariff worries eased, while stepping up short positions in South Korea, a Morgan Stanley note showed. Hedge funds boosted gross exposure to Japan “in relatively large …
Hedge funds pile back into Japan stocks, add shorts on South Korea, Morgan Stanley says Read More »
By Luc Cohen NEW YORK (Reuters) -Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, pleaded guilty on Tuesday to two U.S. charges of conspiracy to defraud and wire fraud. Kwon, 33, who co-founded Singapore-based Terraform Labs and developed the TerraUSD and Luna currencies, entered the …
Do Kwon pleads guilty to US fraud charges in $40 billion crypto collapse Read More »
By Kevin Buckland TOKYO (Reuters) -Japan’s Nikkei share average breached the 43,000-mark for the first time on Wednesday, with the broader Topix index also scaling a fresh all-time peak, tracking Wall Street’s overnight gains and extending the rally to a sixth straight session. The Nikkei gained as much as 1.7% to touch an unprecedented 43,451.46 …
Japan’s Nikkei tops 43,000 for first time ever, extends rally to sixth session Read More »
By Rae Wee and Yantoultra Ngui SINGAPORE (Reuters) -DBS Group, Southeast Asia’s largest lender by assets, is seeing growing interest from Chinese exporters to settle trades in renminbi (RMB), or yuan, particularly with counterparts in Latin America and the Middle East, a senior executive said. “Right now, you see the Chinese exporters, some are beginning …
DBS sees rising demand for yuan settlements from Chinese exporters Read More »
By Clare Jim HONG KONG (Reuters) -Some bondholders of Hong Kong developer Road King Infrastructure have not received coupon payments after a 30-day grace period expired on Tuesday, adding to risks in the domestic property sector amid rising debt maturities and slowing sales. The failure to make payment by Road King, totalling $11.3 million, is …
Road King to become first Hong Kong developer to default on bond as pressure mounts Read More »
BEIJING/HONG KONG (Reuters) -China plans to boost domestic consumption by offering interest subsidies on loans to households and businesses, aiming to reduce borrowing costs and spur spending, Vice Finance Minister Liao Min said on Wednesday. Economists have long urged Beijing to switch to a consumption-led economic model and rely less on debt-fuelled investment and exports …
China pledges more financial support for consumption with loan interest subsidy Read More »
By Xinghui Kok SINGAPORE (Reuters) -A record number of Singapore public housing units were sold for S$1 million ($780,000) or more in the June quarter, a private data provider said on Wednesday, taking the number of high-value sales in the first half of the year to almost 75% of the 2024 total. Eight out of …
Singapore million-dollar flat sales hit record in Q2, market data shows Read More »
