Reuters Asia Business

JAKARTA (Reuters) -Indonesia’s government plans to inject funds into four state-owned banks this year to boost liquidity for providing low-interest loans to village cooperatives, Finance Minister Sri Mulyani Indrawati said on Monday. The initiative aims to support President Prabowo Subianto’s more than 80,000 village cooperatives and drive economic growth to 8% from the current 5%, …

Indonesian government plans to place funds in state banks to provide liquidity Read More »

BRUSSELS (Reuters) -The European Commission on Monday said Chinese online marketplace Temu was breaking EU rules by not doing enough to prevent the sale of illegal products through its platform. The EU’s findings could ultimately lead to a fine of up to 6% of Temu’s annual global turnover, the Commission said. “Evidence showed that there …

EU says Temu in breach of rules to prevent sale of illegal products Read More »

By Yantoultra Ngui SINGAPORE (Reuters) -MMC Port Holdings aims to finalise its cornerstone investor lineup as early as August, ahead of a planned listing on Bursa Malaysia in October that could raise over $1.5 billion, two sources with knowledge of the matter told Reuters. The IPO would be Malaysia’s biggest since IHH Healthcare’s $2.1 billion …

Malaysia’s MMC Port lines up cornerstone investors aiming for October IPO, sources say Read More »

(Reuters) -China’s net gold imports via Hong Kong in June fell nearly 60% from May, Hong Kong Census and Statistics Department data showed on Monday. WHY IT’S IMPORTANT As the world’s leading gold consumer, China’s purchasing activities can influence global gold markets significantly. The Hong Kong data may not provide a complete picture of Chinese …

China’s net gold imports via Hong Kong in June fall 60% from May Read More »

By Laurie Chen BEIJING (Reuters) -A high-level delegation of American executives will travel to China this week to meet senior Chinese officials in a trip organised by the U.S.-China Business Council (USCBC), two sources with knowledge of the visit told Reuters on Monday. The visit coincides with the latest round of U.S.‑China trade negotiations in …

Several US executives to visit China this week: sources Read More »