Reuters Asia Business

By Jun Yuan Yong SINGAPORE (Reuters) -Singapore’s central bank will place S$1.1 billion ($856.36 million) with three asset managers as part of a S$5 billion programme to boost the stock market, it said on Monday, with more co-investments to be announced late this year.  The move comes as part of an ongoing probe into the …

Singapore central bank to place S$1.1 billion with asset managers to boost stock market Read More »

By Summer Zhen HONG KONG (Reuters) -Global hedge funds offloaded Japanese equities at the sharpest pace in almost two-and-a-half months last week, just ahead of the country’s upper house election on Sunday, Goldman Sachs said in a note. Sunday’s election dealt a major blow to Prime Minister Shigeru Ishiba and his ruling coalition, just as …

Hedge funds dumped Japanese stocks ahead of upper house election, says Goldman Read More »

DHAKA (Reuters) -Bangladesh signed a deal on Sunday to import 700,000 tonnes of wheat annually from the United States over the next five years, in a move aimed at securing tariff relief from the Trump administration amid growing trade tensions, officials said. The agreement — formalised through a memorandum of understanding inked in Dhaka between …

Bangladesh signs US wheat-import deal in bid to curb tariff pressure Read More »

BEIJING (Reuters) -Chinese automotive firm Zeekr said in a statement on Sunday that used cars described in media reports as having zero mileage were exhibition cars that were insured, but it did not sell or register them. The company has set up a team to investigate and make improvements, Zeekr said, adding that it opposed …

China’s Zeekr says it did not sell or register zero-mileage used cars Read More »

SHANGHAI (Reuters) -China vowed on Saturday to step up a crackdown and toughen law enforcement against smuggling of strategic minerals seen as vital to national security and critical for development. The remarks by the commerce ministry came a day after the state security ministry accused foreign spy agencies of having tried to “steal” rare earths …

China vows tougher action against smuggling of strategic minerals Read More »