Reuters Asia Business

(Reuters) -Indian auto dealers expect demand to remain cautious in June as high inventory levels, tighter financing and concerns around rare earth shortages weigh on the industry. While above-normal monsoons are expected to support tractor and two-wheeler sales in semi-urban and rural markets, shortages of rare earths – critical to EV production – could sap …

India auto dealers cautious on June sales amid rare earth curbs, high inventory Read More »

By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) -A narrowing U.S.-Japan interest rate gap, rather than any effort by President Donald Trump to weaken the dollar, will likely lift the yen to around 135-140 against the U.S. unit by year-end, Japan’s former top currency diplomat said on Friday. Markets are rife with speculation that Trump …

Japan’s ex-top FX diplomat expects yen to rise near 140 by year-end Read More »

(Reuters) -Asian equities attracted strong foreign inflows in May as concerns over an immediate economic hit from higher U.S. tariffs eased, prompting a return by investors who had previously exited large and concentrated positions in the region. The inflows marked a sharp reversal after four consecutive months of net foreign selling. According to data from …

Asian equities see largest monthly foreign inflow in 15 months Read More »

By Yukun Zhang and Liz Lee BEIJING (Reuters) – Growth in China’s exports likely slowed in May despite a lowering of U.S. tariffs on Chinese goods, as the fallout from the still-unresolved trade war and uncertainties in Sino-U.S. ties weighed on shipments. Outbound shipments are projected to have risen 5.0% year-on-year in value terms last …

China’s exports likely slowed in May amid trade uncertainties: Reuters poll Read More »

By Rajendra Jadhav and Brijesh Patel (Reuters) – Gold discounts in India widened this week to their highest levels in more than a month, as a rally in domestic prices to near-record highs weighed on demand, while elevated rates also dampened buying across other major Asian hubs. Domestic gold prices were trading around 98,300 rupees …

Indian dealers offer steeper discounts as price rally dulls demand Read More »

SINGAPORE (Reuters) -Chinese markets had a muted response on Friday to the rare leader-to-leader call between U.S. President Donald Trump and Chinese leader Xi Jinping that left key issues to further talks, keeping investors cautious about simmering trade tensions. MARKET REACTION China’s blue-chip CSI300 Index was down 0.1%, while the Shanghai Composite Index was flat. …

Investor caution lingers as Trump-Xi call offers no trade breakthrough Read More »

HANOI (Reuters) -Vietnam Airlines said on Friday it has formed a joint venture with China Southern Airlines, the first such aviation partnership between the two countries.  The joint venture has received regulatory approvals and is set to become operational from August, Vietnam Airlines said in a statement.  (Reporting by Khanh Vu; Editing by Martin Petty)