Reuters Asia Business

New World Development shares jump after closing $11.2 billion refinancing deal

2 Jul 2025

By Clare Jim HONG KONG (Reuters) -Shares of New World Development surged on Wednesday after the cash-strapped Hong Kong property developer closed an HK$88.2 billion ($11.2 billion) loan refinancing package earlier in the week. The package, one of the largest ever in Hong Kong, concludes months of negotiations over a debt refinancing designed to bring …

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Goldman Sachs names Raghav Maliah as global chairman of investment banking

2 Jul 2025

By Selena Li HONG KONG (Reuters) -Goldman Sachs has appointed Raghav Maliah as a chairman of investment banking, a global position that he will take on alongside his existing regional responsibilities, according to a memo issued by the bank on Wednesday. A spokesperson for Goldman Sachs confirmed the details outlined in the memo. Maliah will …

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Alibaba Cloud announces new data centres in Malaysia, the Philippines

2 Jul 2025

BEIJING (Reuters) -Alibaba Cloud, the cloud computing arm of Chinese tech giant Alibaba Group, announced the opening of its third data center in Malaysia on Tuesday and disclosed plans to launch a second data center in the Philippines in October, according to a statement released on Wednesday. The expansion ensures that Alibaba Cloud can meet …

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MMC Port moves closer to launching Malaysia’s biggest IPO in 13 years

2 Jul 2025

SINGAPORE (Reuters) -Port operator MMC Port Holdings moved closer to what could be Malaysia’s biggest IPO in 13 years by lodging a draft prospectus with the securities regulator, the regulator’s website showed on Wednesday. Parent MMC Corp, which owns 100% of MMC Port Holdings, will sell an up to 30% stake in the port operator …

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South Korea June inflation beats forecasts

2 Jul 2025

SEOUL (Reuters) -South Korea’s consumer inflation accelerated in June to its fastest pace since January this year, government data showed on Wednesday, beating market expectations. The consumer price index rose 2.2% in June from a year earlier, after rising 1.9% in May, according to Statistics Korea. (Reporting by Cynthia Kim; Editing by Tom Hogue)

Pakistan looking to sell excess LNG amid supply glut curbing local gas output – document

2 Jul 2025

By Ariba Shahid and Sudarshan Varadhan KARACHI/SINGAPORE (Reuters) -Pakistan is exploring ways to sell excess liquefied natural gas (LNG) cargoes amid a gas supply glut that could cost domestic producers $378 million in annual losses, according to a presentation and a government official familiar with the matter. The country has at least three LNG cargoes …

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Oil settles up on signs of strong demand, investors await OPEC+ decision

1 Jul 2025

By Shariq Khan NEW YORK (Reuters) -Oil prices edged higher on Tuesday as investors took stock of positive demand indicators, while also treading cautiously ahead of an OPEC+ meeting to decide the group’s August output policy. Brent crude settled up 37 cents, or 0.6%, at $67.11 a barrel, while U.S. West Texas Intermediate crude settled …

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Trading Day: Sweeping US fiscal bill advances, rate path stays murky

1 Jul 2025

By Lewis Krauskopf NEW YORK () – -TRADING DAY Making sense of the forces driving global markets By Lewis Krauskopf, Markets Reporter  Jamie is enjoying some well-deserved time off, but the Reuters markets team will still keep you up to date on what moved markets today. We’re watching President Donald Trump’s tax cut-and-spending bill, which …

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Dollar pares losses against euro and Swiss franc after better-than-expected US jobs data

1 Jul 2025

By Chibuike Oguh NEW YORK (Reuters) -The U.S. dollar gained ground against major currencies including the yen and the Swiss franc on Tuesday after data showed a better-than-expected increase in labor market demand, indicating the Federal Reserve will likely take its time to cut interest rates. The Republican-controlled U.S. Senate passed President Donald Trump’s tax and …

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Trump says he won’t extend July 9 trade deadline, expresses doubt on Japan deal

1 Jul 2025

WASHINGTON (Reuters) -President Donald Trump said on Tuesday he was not thinking of extending the July 9 deadline for countries to negotiate trade deals with the U.S., and continued to express doubt that an agreement could be reached with Japan. “We’ve dealt with Japan. I’m not sure we’re going to make a deal. I doubt …

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