Reuters Asia Business

By Leika Kihara TOKYO, Dec 17 (Reuters) – Japan must pursue proactive spending, rather than excessive fiscal tightening, that will boost growth and tax revenues, Prime Minister Sanae Takaichi said on Wednesday, reiterating her administration’s focus on reflating a fragile economy. “When I say proactive fiscal policy, I am talking about strategic deployment of fiscal …

Japan’s premier says country must pursue proactive spending for growth Read More »

By Gayatri Suroyo and Fransiska Nangoy JAKARTA, Dec 17 (Reuters) – Indonesia’s central bank held its policy rates unchanged for a third straight meeting on Wednesday, maintaining its focus on supporting the rupiah currency while it makes efforts to strengthen the impact of its earlier easings. Bank Indonesia kept the benchmark 7-day reverse repurchase rate …

Bank Indonesia keeps rates steady, focuses on rupiah stability Read More »

By Kane Wu, Scott Murdoch and Donny Kwok HONG KONG, Dec 17 (Reuters) – Cryptocurrency exchange HashKey Holdings Ltd made a flat debut in Hong Kong on Wednesday amid recent weakness in digital assets, but its management said it remains confident about the sector’s long-term prospects. HashKey shares closed at HK$6.67, down 0.15% from the …

Crypto exchange HashKey shares end flat in volatile Hong Kong trading debut Read More »

SHANGHAI, Dec 17 (Reuters) – MetaX Integrated Circuits jumped 700% in its Shanghai market debut as the Chinese AI chipmaker tapped into strong momentum triggered by Beijing’s push to reduce reliance on chips from U.S. firms Nvidia and Advanced Micro Devices. Founded by former AMD executives, MetaX raised roughly $600 million in an initial public …

MetaX soars 700% in debut as China AI chips push lures investors Read More »

BEIJING/SHANGHAI, Dec 17 (Reuters) – China Vanke has offered to pay overdue interest on a 2 billion yuan ($284 million) bond before the expiration of a grace period next week, as the developer scrambles to get creditor approval to delay a principal payment and avoid default. China’s property sector once accounted for a quarter of …

China Vanke sweetens bond extension proposal to avert debt default Read More »

(Corrects to delete extraneous word ‘urgent’ in headline) By Anton Bridge TOKYO, Dec 17 (Reuters) – The ongoing diplomatic rift between Japan and China has had a muted impact on overall tourist numbers as visitors to Japan grew 10.4% year-on-year in November, the country’s tourism board said on Wednesday. Arrivals from overseas for business and …

Japan visitor arrivals growth strong in November despite China travel warning Read More »

BANGKOK, Dec 17 (Reuters) – Thailand’s central bank cut its key interest rate on Wednesday, as widely expected, as it looks to support a slowing economy grappling with multiple challenges including political uncertainty, a strengthening baht and U.S. tariffs. The Bank of Thailand’s monetary policy committee voted unanimously to cut the one-day repurchase rate by …

Thai central bank cuts policy rate by 25 bps, as expected Read More »