Reuters Asia Business

SHANGHAI, Dec 1 (Reuters) – Hong Kong-listed stocks with cryptocurrency-related businesses tumbled on Monday after China’s central bank vowed to crack down on virtual currencies and flagged concerns about stablecoins. On Saturday, the People’s Bank of China (PBOC) warned of a resurgence in crypto speculation and vowed to crack down on illegal activities involving stablecoins. …

Hong Kong stablecoin stocks slump after PBOC vows cryptocurrency crackdown Read More »

By Dhwani Pandya MUMBAI, Dec 1 (Reuters) – Japanese real estate developers are wading further into a tricky Indian market and more of their peers are expected to get their feet wet, drawn by rising rents in a rapidly growing economy as well as low construction costs. First case in point is Mitsui Fudosan, Japan’s …

Japanese property giants deepen their push into a booming Indian market  Read More »

By Makiko Yamazaki TOKYO, Dec 1 (Reuters) – Japanese corporate spending on factories and equipment rose 2.9% in July-September against the same period the year before, Ministry of Finance data showed on Monday, slowing from the previous quarter but continuing to underpin domestic demand. “Growth in capital investment weakened compared to the previous period, so …

Japan Q3 capex growth slows to 2.9%, but points to resilient demand Read More »

By Ju-min Park SEOUL, Nov 30 (Reuters) – South Korea’s biggest online retailer, Coupang, apologised on Sunday over the breach of personal information from 33.7 million customer accounts through unauthorized data access. “We sincerely apologise once again for causing our customers inconvenience,” Park Dae-jun, CEO of the firm dubbed the Amazon.com of South Korea, posted …

Top South Korean e-commerce firm Coupang apologises over massive data breach Read More »

(Corrects last paragraph to clarify analyst Xu’s proposal to a third of consumption subsidies, not a third round of consumption subsidies) BEIJING, Nov 30 (Reuters) – China’s factory activity shrank for an eighth month in November while services cooled, highlighting the dilemma facing policymakers over whether to press ahead with tough structural reforms or roll …

China’s factory activity shrinks again in November, services cool Read More »

By Tim Kelly, Abhijith Ganapavaram and Tim Hepher TOKYO/NEW DELHI/PARIS, Nov 29 (Reuters) – Global airlines scrambled to fix a software glitch on Airbus A320 jets on Saturday as a partial recall by the European planemaker halted hundreds of flights in Asia and Europe and threatened U.S. travel over the busiest weekend of the year. …

Global airlines race to fix Airbus jets; US reports little disruption Read More »