(Reuters) -Foreigners divested Japanese stock for the first time in 12 weeks in the week through June 21 on caution over the Israel-Iran conflict and its impact on Japanese oil imports and inflation. They sold a net 524.3-billion-yen ($3.62 billion) worth of Japanese stocks, logging their first weekly net sales since March 29, data from …
Foreigners turn net sellers of Japan stocks for first week in 12 Read More »
By Naomi Rovnick and Amanda Cooper LONDON (Reuters) -Big investors are preparing for the normally thinly-traded months ahead with even more caution than usual as risks of oil price volatility or fresh tariff shocks could shake up the complacent market mood and spark a repeat of last August’s rout. Scarred by the sell-off a year …
Analysis-Investors shore up defences against another August market rout Read More »
HONG KONG (Reuters) -Hong Kong’s home prices largely stayed flat in May, government figures showed on Thursday, supported by falling mortgage rates. BY THE NUMBERS Private home prices edged up only 0.03% in May from the month before, following a revised 0.5% rise in April that ended four months of decline, data from the Rating …
BEIJING (Reuters) -The electric vehicle brand Luxeed, jointly developed by China’s Huawei and Chery, will offer cash subsides of 20,000 yuan ($2,794.00) for all of its cars until the end of July, Huawei’s smart car alliance said on Thursday. ($1 = 7.1582 yuan) (Reporting by Beijing newsroom; Editing by Tom Hogue)
SEOUL (Reuters) -South Korea’s central bank has adjusted its open market operation mechanism to inject liquidity via repurchase agreements in a regular manner, citing reduced money supply from overseas. Starting July 10, the Bank of Korea will inject liquidity into short-term money markets by buying bonds via 14-day repurchase agreements every Tuesday, in addition to …
South Korea central bank adjusts open market operation to boost money supply Read More »
TOKYO (Reuters) -Japan will continue trade negotiations with the U.S. keeping in mind the date of July 9 – the end of a suspension to the United States’ “reciprocal tariffs” – though it will set no deadline for talks, top trade negotiator Ryosei Akazawa said on Thursday. “The 25% auto tariff is not something we …
Japan keeps July 9 in mind in tariff talks with US, trade envoy says Read More »
SEOUL (Reuters) -South Korea President Lee Jae Myung asked the parliament to swiftly approve the $14.7 billion of extra government spending as the economy is in “desperate” situation across domestic consumption and exports. Speaking at the National Parliament, Lee also said he will work to seek moderation in fiscal spending as reducing tax shortfall over …
South Korea President Lee says economy in ‘desperate’ situation Read More »
By Scott Murdoch (Reuters) -Insurer FWD Group, backed by billionaire Richard Li, is looking to raise HK$3.47 billion ($442.08 million) through a Hong Kong initial public offering, according to a regulatory filing on Thursday. The pan-Asian insurer is offering 91.3 million shares at HK$38.00 apiece, valuing FWD at HK$48.298 billion ($6.15 billion), the filings showed. …
Billionaire Richard Li’s FWD Group seeks to raise $442 million in Hong Kong IPO Read More »
BANGKOK (Reuters) -Thailand’s government is moving to recriminalise cannabis, plunging into limbo an industry estimated to be worth over $1 billion that has boomed since the substance was taken off the country’s narcotics list in 2022. The push to impose new controls on recreational use of cannabis comes after the Bhumjaithai Party, which championed its …
Thailand moves to recriminalise cannabis, shaking $1 billion industry Read More »
By Karen Freifeld (Reuters) -The U.S. sent letters to Enterprise Products and Energy Transfer on Wednesday informing the companies they could load ethane on vessels destined for China but could not unload the ethane in China without authorization, according to a person familiar with the matter and copy of one letter. The letters from the …
