By Kaori Kaneko TOKYO (Reuters) – Japan’s average supermarket rice prices fell for the third straight week through June 8, data showed on Monday, reflecting the release of cut-price grain from the government’s emergency stockpile. Following a surge in the price of rice in Japan, a new farm minister last month ended a system of …
Japan supermarket rice prices fall for third straight week Read More »
JAKARTA (Reuters) – The World Bank has approved two investments involving a total blended finance package of $2.13 billion to boost economic growth and improve clean energy access across Indonesia, the multinational lender said in a statement on Monday. (Reporting by Gayatri Suroyo and Stefanno Sulaiman; Editing by David Stanway)
By Chang-Ran Kim and Kaori Kaneko TOKYO (Reuters) – Rice prices in Japan have doubled since last year partly due to supply shortages that began last year, triggering a national crisis that has caught policymakers and consumers off-guard. Rice is considered an almost sacred commodity in Japan, deeply engrained in its culture, language and tradition. …
Explainer-What’s behind the surge in Japan’s rice prices? Read More »
By Sam Li, Sudarshan Varadhan and Hongmei Li BEIJING/SINGAPORE (Reuters) – China sent a rare shipment of at least three cargoes of coking coal to processors in Indonesia’s Sulawesi in May, sources familiar with the matter said, encroaching on a market typically dominated by supplies from Australia and Indonesia. The world’s biggest importer of coking …
China sells coking coal to Indonesia in rare trade, sources say Read More »
SEOUL (Reuters) -South Korea’s government will introduce a second supplementary budget for the year on Thursday, after passing a 13.8 trillion won ($10.13 billion) budget in May, to support an economy weighed down by U.S. tariffs and sluggish consumer demand. The budget plan will include spending to help the recovery of people’s livelihoods and will …
South Korea to introduce second extra budget for this year Read More »
SEOUL (Reuters) -South Korea launched on Monday a task force on negotiations with the United States on tariff and non-tariff matters across industry and the energy sector that will also coordinate with the private sector, the Industry Ministry said in a statement. Minister for Trade Yeo Han-koo, who was appointed last week by the new …
South Korea launches task force on US trade negotiations Read More »
By Jeslyn Lerh and Trixie Yap SINGAPORE (Reuters) -The costs of chartering tankers to move oil from the Middle East to Asia have climbed and ship bookings have slowed as the Israel-Iran conflict fuels worries of potential disruptions, industry sources told Reuters on Monday. The global benchmark rate for a very large crude carrier (VLCC) …
Middle East conflict slows tanker bookings, lifts rates Read More »
By Selena Li HONG KONG (Reuters) -The Hong Kong stock exchange plans to attract listed companies in Southeast Asia and the Middle East, in particular, for second listings in the financial hub, its chief executive said, as the bourse looks to burnish its global credentials. Hong Kong Exchanges and Clearing Ltd (HKEX) also sees a …
Hong Kong bourse seeks to woo Southeast Asia, Middle East firms for second listings Read More »
By Faith Hung and Liang-sa Loh TAIPEI (Reuters) -Taiwan’s central bank is likely to maintain its policy interest rate this week and keep it steady through the first quarter of next year, given the strong performance of the tech-focused economy, according to economists in a Reuters poll. In March, the central bank left the benchmark …
Taiwan set to hold rates steady with economy strong: Reuters poll Read More »
By Praveen Paramasivam (Reuters) -Japanese sportswear giant ASICS will ramp up India manufacturing to 40% from 30% over the next few years to ensure steady supply, a top executive told Reuters, as the country’s regulations force global brands to pause imports of footwear. The Indian government has mandated certain standards for various footwear segments, requiring …
