Reuters Asia Business

By Miho Uranaka TOKYO (Reuters) -Mitsubishi UFJ Financial Group plans to expand its securitisation business globally, with a focus on North America, and will increase headcount in this area by around 25%, a senior executive at Japan’s largest banking group said in an interview. MUFG already has a presence in securitised products backed by assets …

Japan’s MUFG targets US for securitisation business, plans to boost headcount Read More »

TOKYO (Reuters) -Japan’s June core inflation likely slowed but remained above the central bank’s 2% target, a Reuters poll showed, keeping it under pressure to resume interest rate hikes as U.S. trade tariffs threaten an already fragile economy. The Bank of Japan must now weigh whether to continue raising borrowing costs to combat inflation that …

Japan’s June core inflation likely slowed as tariff threats loom: Reuters poll Read More »

By Selena Li HONG KONG (Reuters) -Japan’s Nissan Motor has raised $4.52 billion in U.S. dollar- and euro-denominated senior unsecured bonds, according to a term sheet reviewed by Reuters on Friday, with the proceeds intended to refinance existing debt. The issuance comes about a week after Reuters reported that Nissan has asked some suppliers to …

Nissan Motor raises $4.5 billion in bond sales, term sheet shows Read More »

SHANGHAI/BEIJING (Reuters) -China’s Chery and BYD improperly claimed a combined $53 million in government subsidies for eco-friendly vehicles sold in the five years to 2020, accounting for nearly 60% of improper claims, an industry ministry audit found. The audit documents did not lay out any penalties or mention reimbursement, but the government has previously said …

China’s Chery, BYD may have to repay subsidies after audit finds irregularities Read More »

By Siyi Liu and Florence Tan SINGAPORE (Reuters) -Saudi Arabia’s crude oil exports to China are set to rise to the highest in more than two years in August, five trade sources said on Friday, as the top exporter seeks to regain market share in the world’s biggest importer. State oil firm Saudi Aramco will …

Saudi oil exports to China to rise to over two-year high in August, sources say Read More »

OTTAWA (Reuters) -The Canadian International Trade Tribunal has determined there is reasonable indications China, South Korea, Turkey and Vietnam have dumped steel strapping, harming Canada’s domestic industry, the tribunal said on Thursday. The tribunal, an independent quasi-judicial body that reports to the Canadian parliament, also found indications that steel strapping from China was subsidized. The …

Canadian industry likely harmed by dumped steel strapping from China, three others, tribunal finds Read More »