Reuters Asia Business

Pakistan extends deadline to bid for national airline to June 19

27 May 2025

ISLAMABAD (Reuters) -Pakistan has extended the deadline for expressions of interest in purchasing Pakistan International Airlines to June 19, the country’s privatisation ministry said on Tuesday. The earlier deadline was June 3. The ministry did not provide any reason for the extension and it did not disclose whether any expressions of interest had been submitted …

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Japan’s super-long bond yields plunge on issuance cut speculation

27 May 2025

TOKYO (Reuters) -Yields on super-long Japanese government bonds (JGBs) fell sharply on Tuesday after Reuters reported the country’s finance ministry might issue fewer of these bonds. The 30-year JGB yield fell sharply following the report, dropping 18.5 basis points (bps) to 2.85%. It traded as high as 2.955% earlier in the session. The 20-year JGB …

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Sony to make case for finance arm spin-off in latest corporate transformation

27 May 2025

By Sam Nussey TOKYO Reuters) – Sony will on Thursday lay out the growth strategy for its financial arm set for a spin-off that has been welcomed by investors as marking the latest chapter in the company’s transformation. The Japanese conglomerate, once best known for household electronics, has received plaudits for shifting its focus to …

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Japanese retailers apply to buy government’s cheap stockpiled rice

27 May 2025

TOKYO (Reuters) -Nineteen Japanese companies have applied to purchase the government’s stockpiled rice, with contracts expected to be finalised and rice delivered to them as soon as Thursday, Agriculture Minister Shinjiro Koizumi said on Tuesday. WHY IT’S IMPORTANT This is a crucial step in the government’s plan to swiftly alleviate public concerns about rice prices, …

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Japan to closely monitor bond market, finance minister says

27 May 2025

By Makiko Yamazaki and Yoshifumi Takemoto TOKYO (Reuters) -Japanese Finance Minister Katsunobu Kato said on Tuesday that the government will closely monitor the bond market ahead of the auction of super-long debt this week, warning that higher interest rates could put pressure on state finances. “Rising interest rates could increase interest payments (on government debt) …

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Chinese customs caution slows some rare earth magnet exports, sources say

27 May 2025

BEIJING (Reuters) -Chinese customs are holding up some shipments of lower-performance rare earth magnets used in appliances and consumer electronics because of confusion over how to apply Beijing’s export curbs, according to three sources. Rare earth magnets blend elements from the family of 17 elements and the mix determines performance. High-performance types go into cars, …

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Quadria Capital secures $1.07 billion for third Asia healthcare fund

27 May 2025

SINGAPORE (Reuters) -Asian healthcare-focused private equity firm Quadria Capital said on Tuesday it has secured total commitments of $1.07 billion for its third fund, surpassing an original target of $800 million. Reuters reported in September 2023 that Quadria was looking to raise up to $1 billion for its third and biggest fund to tap into …

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Chinese food delivery giant Meituan flags volatility as competition heats up

26 May 2025

By Casey Hall SHANGHAI (Reuters) -China’s leading food delivery group Meituan on Monday reported a 46% rise in first-quarter net profit but warned that the second quarter would likely be hit by increased competition in so-called “instant retail”. CEO Wang Xing told analysts on a post-earnings call that it was “impossible” to give accurate financial …

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EU warns Shein of fines in consumer protection probe

26 May 2025

BRUSSELS (Reuters) -The European Union on Monday urged fast-fashion retailer Shein to respect EU consumer protection laws and warned it could face fines if it failed to address the EU’s concerns. Shein has grown rapidly by shipping inexpensive products directly to consumers. In February, the European Commission warned Shein and Temu, another Chinese online e-commerce …

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