Reuters Asia Business

By Andrea Shalal WASHINGTON, Dec 4 (Reuters) – The International Monetary Fund on Thursday said it was encouraged that “some of the more fiscally burdensome proposals” that had been under discussion were not included in the fiscal package announced last month by Japan. The fiscal package was smaller than expected, resulting in a smaller impact …

IMF encouraged that Japan skipped ‘burdensome proposals’ in fiscal package Read More »

By Selena Li HONG KONG, Dec 4 (Reuters) – The deadly fire that ripped through seven high-rise towers in Hong Kong is expected to result in a surge in near-term claims among insurers, and hit earnings of the complex’s main underwriter, an affiliate of China Taiping Insurance Holdings, an analyst at Fitch Ratings said on …

Hong Kong fire to hurt Taiping Insurance earnings, Fitch says Read More »

By Nick Carey LONDON, Dec 4 (Reuters) – China’s Changan will launch vehicles from its electric Avatr and Nevo brands in Europe over the next two years and is considering selling light commercial vehicles on the continent as well, the automaker’s global design chief said on Thursday. So far Changan has focused on launching fully-electric …

China’s Changan bringing Avatr, Nevo EV brands to Europe within two years, executive says Read More »

MOSCOW, Dec 4 (Reuters) – Kazakhstan’s oil and gas condensate production declined by 6% in the first two days of December, an industry source said on Thursday, following a Ukrainian drone attack on the Caspian Pipeline Consortium’s (CPC) Black Sea loading facility. The CPC pipeline, which carries over 80% of Kazakhstan’s oil exports and handles …

Exclusive-Kazakhstan’s oil output declines as exports curbed by damaged terminal, source says Read More »

HANOI, Dec 3 (Reuters) – Masan Consumer, the food and beverage arm of Vietnam’s Masan Group, said on Thursday it will complete its listing on the Ho Chi Minh Stock Exchange (HoSE) this month to improve access to funding. The $8.8 billion company is currently traded on Vietnam’s Unlisted Public Company Market, a platform for …

Vietnam’s Masan Consumer to list on the main stock market before year-end Read More »