By Gaurav Dogra and Rae Wee (Reuters) -Japanese equity funds logged their largest weekly outflows in nearly 18 years in the week to May 28, as investors either booked profits following a rally fueled by the then-easing U.S.-China trade tensions or turned cautious on earnings potential. According to LSEG Lipper data, Japanese equity funds recorded …
Japanese equity funds log sharpest weekly outflows since 2007 Read More »
By Ira Dugal and Swati Bhat MUMBAI (Reuters) -The Indian banking regulator is signalling possible rule changes ahead that would let foreigners own more of India’s banks, spurred by overseas institutions’ eagerness for acquisitions and the fast-growing economy’s need for more long-term capital. The Reserve Bank of India last month bent its rules to let …
Analysis-India considers easing bank ownership rules as foreign interest grows Read More »
By Jarrett Renshaw (Reuters) -The Trump administration wants countries to provide their best offer on trade negotiations by Wednesday as officials seek to accelerate talks with multiple partners ahead of a self-imposed deadline in just five weeks, according to a draft letter to negotiating partners seen by Reuters. The draft, from the office of the …
Exclusive-US pushes countries for best offers by Wednesday as tariff deadline looms Read More »
By Wen-Yee Lee HSINCHU, Taiwan (Reuters) -Taiwan’s TSMC said on Tuesday that U.S. tariffs were having some impact on the company and had been discussed with Washington, but demand for artificial intelligence (AI) remains strong and continues to outpace supply. U.S. President Donald Trump’s trade policies have created much uncertainty for the global chip industry …
TSMC says US tariffs have some impact but AI demand robust Read More »
BEIJING (Reuters) -Chinese auto dealers on Tuesday called on automakers to stop offloading too many cars on dealerships, as intense price wars are pressuring their cash flow, driving down their profitability and forcing some to shut. The proposal came on the heels of an official call over the weekend for the auto industry to halt …
China car dealers urge automakers to stop dumping inventory on them Read More »
By Nandan Mandayam NEW DELHI (Reuters) -An accelerating fall in the price of air tickets from recent high levels is the biggest challenge at Cathay Pacific’s budget arm HK Express, its CEO said, as competition rises after a third runway opened at Hong Kong’s airport. Many airlines, including HK Express and its low-cost rivals, are …
HK Express airfares dragged down by rising competition out of Hong Kong, CEO says Read More »
By Takaya Yamaguchi TOKYO (Reuters) -Japan should promote the domestic ownership of government bonds to avoid further rises in long-term interest rates caused by supply-demand imbalances, according to a draft of the government’s economic policy guidelines reviewed by Reuters. The draft also said Japan should keep its goal of delivering a primary budget surplus, aiming …
Japan to promote domestic ownership of JGBs, policy draft shows Read More »
BEIJING (Reuters) -China’s Huawei Technologies said it will launch its Pura 80 smartphones series on June 11, a statement on its social media Weibo account showed. (Reporting by Liz Lee and Shanghai newsroom; Editing by Christopher Cushing)
By Pratima Desai LONDON (Reuters) -U.S. President Donald Trump plans to double tariffs on steel and aluminium imports to 50% from Wednesday, stepping up pressure on global steel producers and deepening his trade war. WHY IS TRUMP DOUBLING TARIFFS? Trump aims to support and encourage investment in domestic production of steel and aluminium, both vital …
Explainer-The reality of Trump’s steel and aluminium tariffs Read More »
By Jonathan Cable, Leika Kihara and Lucia Mutikani LONDON/TOKYO/WASHINGTON (Reuters) -European manufacturing took another step towards stabilisation in May but U.S. activity contracted for a third straight month and Asian factory activity shrank as soft demand in China and U.S. tariffs took a heavy toll, surveys showed, highlighting the darkening outlook for the once fast-growing …
European factory production stabilises further but Asia, US struggle with tariffs Read More »
