Reuters Asia Business

By Jun Yuan Yong SINGAPORE (Reuters) -Singapore’s key consumer price gauge rose 0.6% in May from a year earlier, official data showed on Monday, matching forecasts by economists. The core inflation rate, which excludes private road transport and accommodation costs, was in line with a forecast rate of 0.6% in a Reuters poll of economists. Headline …

Singapore’s annual core inflation rate 0.6% in May, matching poll forecast Read More »

TOKYO (Reuters) -Japan’s manufacturing activity returned to growth in June after nearly a year of contraction, but demand conditions remain murky due to worries over U.S. tariffs and the global economic outlook, a private-sector survey showed on Monday. Meanwhile, the service sector’s expansion accelerated, pushing overall business activity to a four-month high, offering a counterbalance …

Japan factory activity returns to growth after 11-month contraction, PMI shows Read More »

SEOUL (Reuters) -South Korean President Lee Jae Myung said on Monday that the situation in the Middle East was “very urgent” and financial markets were becoming unstable due to increasing uncertainty. Lee also called on his senior aides to prepare additional measures that could be incorporated into an extra budget already proposed if needed. Major …

South Korea’s Lee says Middle East situation is “very urgent” Read More »

By Rahul Trivedi BENGALURU (Reuters) -The Bank of Thailand will pause its easing cycle on Wednesday to preserve limited policy space amid ongoing trade uncertainty and renewed domestic political tensions, according to a Reuters poll of economists who expect a rate cut next quarter. The decision to hold would come despite prices falling 0.57% in May, …

Bank of Thailand expected to keep rates steady on June 25, cut in Q3 – Reuters poll Read More »

(Reuters) -British officials are lobbying South Korea to switch to Rolls-Royce from U.S. rival GE Aerospace as the primary engine partner for its fighter jet programme, the Financial Times reported on Monday. Officials have been lobbying for co-production with a foreign partner as an intermediary step, the FT said, citing people familiar with the matter. …

UK lobbies South Korea to switch to Rolls-Royce for new fighter jets, FT reports Read More »

(Reuters) -Hong Kong’s New World Development said on Monday it remains “actively engaged” with creditors to refinance existing loans and that talks are ongoing. The update follows media reports that the Hong Kong property developer, which has one of the highest debt ratios among its peers, is nearing a loan refinancing deal. Last week, Bloomberg …

HK’s New World Development ‘actively engaged’ with creditors on loan refinance Read More »