Reuters Asia Business

SINGAPORE (Reuters) -JPMorgan Chase sees significant growth potential in Asia Pacific’s private credit market, focusing on countries across Asia and including Australia and India,  Serene Chen, the bank’s Asia Pacific head of credit, currency, and emerging market sales, said on Thursday. The U.S. bank has been actively building its private credit business in the region …

JPMorgan Chase sees growth in Asia Pacific private credit market Read More »

By Scott Murdoch SYDNEY (Reuters) -Taiwanese electronics manufacturer Wistron Corp is looking to raise up to $923 million by selling global depository shares that will be listed in Luxembourg, according to a term sheet reviewed by Reuters on Thursday. The company, which is a supplier to Nvidia, is selling up to 250 million depository shares …

Taiwan’s Wistron to raise up to $923 million in share sale Read More »

BEIJING (Reuters) -China’s commerce ministry said on Thursday that it would collaborate with other government departments to step up rectification of the excessive competition in the auto market. The ministry will strengthen compliance guidance to ensure fair market competition and promote healthy industry development, commerce ministry spokesperson He Yongqian said. Auto industry associations, research institutions …

China commerce ministry to join govt crackdown on intense auto competition Read More »

By Bernadette Christina JAKARTA (Reuters) – Oversupply in the global nickel market is expected to persist over the next few years given production capacity expansion and slower growth in demand for the metal used in batteries and stainless steel, speakers at an industry event said this week. A surge in new nickel supply in Indonesia, …

Nickel oversupply to persist on expansion, slower demand growth, industry experts say Read More »

By Rajasik Mukherjee (Reuters) -Shares of Australia’s Lynas Rare Earths climbed on Thursday to their highest point in more than two years, after global automakers warned that China’s export restrictions on rare-earth materials could lead to production delays. As the world’s largest rare-earth producer outside China, Lynas is expected to benefit from concerns over global …

Australia’s Lynas surges as automakers flag risks from China’s rare-earth export curbs Read More »

SINGAPORE (Reuters) -Singaporean banks DBS Group and United Overseas Bank said on Thursday that they had jointly provided a 6.7 trillion rupiah ($411 million) loan to finance a data centre campus in Indonesia. DBS and UOB are Southeast Asia and Singapore’s biggest and third largest lender by assets respectively. The banks said in a statement …

DBS, UOB provide $411 million loan to DayOne-INA data centre project in Indonesia Read More »