Reuters Asia Business

China prepares $70 billion in new capital to boost investment, Bloomberg News reports

30 May 2025

(Reuters) -China plans to allocate 500 billion yuan ($69.51 billion) of capital that could be used to fast track new infrastructure projects, Bloomberg News reported on Friday, citing people familiar with the matter. China’s three policy banks will raise funds and buy stakes in projects, the report said. It also said that the policy lenders …

China prepares $70 billion in new capital to boost investment, Bloomberg News reports Read More »

Japan’s Dai-Ichi Life to take 15% stake in British insurer M&G

30 May 2025

By Elizabeth Howcroft, Iain Withers and Yadarisa Shabong PARIS/LONDON (Reuters) -Japanese insurer Dai-ichi Life will take a 15% stake in British financial group M&G and has agreed a long-term partnership, sending shares in M&G sharply higher and marking the latest overseas foray by a Japanese firm. The tie-up, in which Dai-ichi Life becomes M&G’s biggest …

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China’s central bank injects 700 billion yuan of outright reverse repos in May

30 May 2025

SHANGHAI (Reuters) -China’s central bank has injected 700 billion yuan ($97 billion) into its banking system during May through an outright reverse repurchase tool, the bank said on Friday. The operations, conducted with tenors of three and six months, were aimed at maintaining “reasonably ample liquidity” in the banking system, the PBOC said in a …

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Singapore taps TotalEnergies-RGE JV for subsea link to import clean power from Indonesia

30 May 2025

SINGAPORE (Reuters) -A Singapore government-appointed company will develop a subsea interconnector with Singa Renewables, a joint venture between Royal Golden Eagle (RGE) and France’s TotalEnergies for low-carbon electricity imports from Indonesia. Singapore Energy Interconnections (SGEI), a company appointed by the Singapore government to oversee the development of interconnections to enable electricity imports into Singapore, said …

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China’s BYD and Great Wall Motor clash over China’s auto price war

30 May 2025

BEIJING (Reuters) – Tensions between two of China’s largest automakers erupted into the open on Friday when a BYD executive slammed as alarmist comments by the chief of Great Wall Motor that called the industry “unhealthy”. Shares in Chinese automakers such as BYD, Nio and XPeng tumbled this week after the chairman of Great Wall …

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Foreign-branded mobile phone sales in China edge up in April

30 May 2025

BEIJING (Reuters) -Sales of foreign-branded mobile phones in China, including Apple Inc’s iPhones, edged up in April, according to data released by a government-affiliated research company on Friday. Calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed that April shipments of foreign-branded phones in China rose to 3.52 …

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Japan frets over fighter rollout target and weighs stopgap options, sources say

30 May 2025

By Tim Kelly and Nobuhiro Kubo TOKYO (Reuters) -Japan has growing doubts that its next-generation fighter project with Britain and Italy will meet a 2035 rollout target, potentially forcing Tokyo to plug air defence gaps with new U.S. F-35 stealth planes or upgrades to aging jets, two sources said. The joint Global Combat Air Programme …

Japan frets over fighter rollout target and weighs stopgap options, sources say Read More »

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