Reuters Asia Business

TOKYO (Reuters) -A Japanese labour ministry panel plans to recommend an increase of about 6% in the national average minimum wage for this fiscal year, for the biggest such jump since at least 2002, the Kyodo news agency said on Friday. The proposed hike, to about 1,118 yen ($7.43) per hour, would exceed last year’s …

Japan plans another record hike in minimum wage, Kyodo News says Read More »

TOKYO (Reuters) -Japan’s Government Pension Investment Fund (GPIF) said on Friday that it booked an investment gain of 10.2 trillion yen ($67.74 billion) for the April-June period. It posted strong gains in its domestic and foreign stock portfolios. The result compares with a gain of 8.97 trillion yen over the same period a year prior. …

Japan’s GPIF posts $68 billion investment gain in Q1 Read More »

By Emma Rumney LONDON(Reuters) -From the beaches of Copacabana in Brazil to the neon bars of Shanghai, the world’s largest brewer AB InBev needs to convince consumers to order more Budweiser beers and Coronas. The company’s shares slid 11.5% on Thursday, the biggest daily drop since 2020, after its second quarter volumes missed estimates, dragged …

Big Beer plans sales push from Brazil to China with volumes in focus Read More »

By Rajendra Jadhav and Anmol Choubey (Reuters) -Physical gold demand in key Asian markets improved slightly this week as a pullback in prices sparked buying interest, though volatility kept some buyers cautious. Spot gold hit its lowest level in a month on Wednesday and was headed for third consecutive weekly loss. [GOL/] “This week, footfall …

Gold demand in key Asian hubs improves amid price correction Read More »

TOKYO (Reuters) -Japan’s economy probably grew marginally in April-June due to resilient consumption and net exports, managing to avoid a technical recession, or two straight quarters of contraction, a Reuters poll showed on Friday. Gross domestic product (GDP) in real terms expanded an annualised 0.4% in the second quarter, according to the median forecast of …

Japan Q2 GDP probably back to growth, averting technical recession: Reuters poll Read More »

By Martin Petty (Reuters) -A tariff rate of 19% on Cambodia’s exports to the United States has helped it avert the collapse of its vital garment and footwear sector, allowing the country to remain competitive with its peers, its deputy prime minister told Reuters on Friday. Sun Chanthol, Cambodia’s top trade negotiator, thanked U.S. President …

Exclusive-Cambodia deputy PM says 19% US tariff rate averts collapse of its garments manufacturing sector   Read More »

BEIJING (Reuters) -China’s factory activity deteriorated in July, as a softening of new business growth led manufacturers to scale back production, a private-sector survey showed on Friday. The S&P Global China General Manufacturing PMI fell to 49.5 in July from 50.4 in June, undershooting analysts’ expectations of 50.4 in a Reuters poll. The 50-mark separates …

China’s manufacturing activity shrinks as exports drag, S&P PMI shows Read More »