By Olivia Le Poidevin GENEVA (Reuters) – (This May 21 story has been corrected to say ‘the Chinese delegation at the World Trade Organization’ not ‘China’s mission to the World Trade Organization,’ in paragraph 2) China said on Wednesday trade talks with the U.S. were an important step toward bridging gaps but what was really …
China says US trade talks important but multilateralism key to solution Read More »
By Makiko Yamazaki BANFF, Alberta (Reuters) – U.S. Treasury Secretary Scott Bessent and Japanese Finance Minister Katsunobu Kato agreed on Wednesday that the dollar-yen exchange rate currently reflects fundamentals, the U.S. Treasury Department said, a rare and explicit statement on the market situation. President Donald Trump’s focus on addressing the huge U.S. trade deficit and …
US says it agreed with Japan that dollar-yen reflects fundamentals Read More »
By Himanshi Akhand and Sneha Kumar (Reuters) -Singapore Telecommunications (Singtel) announced on Thursday a $1.6 billion share buyback plan and an expanded target for monetising assets, sparking a surge in its shares to their highest in nearly nine years. Southeast Asia’s largest telecom operator said it will buy back S$2 billion ($1.55 billion) worth of …
SingTel sets $1.6 billion buyback plan, expands asset monetisation target Read More »
By Kantaro Komiya and Miho Uranaka TOKYO (Reuters) -Komatsu should see a nearly 20 billion yen ($140 million) mitigation in the impact of U.S. tariffs on its bottom line after the U.S.-China trade truce last week, the Japanese company’s CEO said, suggesting its outlook for lower profits may not be as bad as feared. With …
Exclusive-US-China trade truce may ease Komatsu’s tariff pain by $140 million, CEO says Read More »
TOKYO (Reuters) -Japan will consider extending until fiscal year 2026 its timeframe for the government to attain a balanced budget, a ruling party executive said on Thursday, as economic growth, hit by U.S. tariffs, is seen undershooting initial forecasts. Prime Minister Shigeru Ishiba faces growing calls from lawmakers to boost spending or cut taxes to …
Japan to ease timeframe for balancing budget, lawmaker says Read More »
By Leika Kihara TOKYO (Reuters) -Bank of Japan board member Asahi Noguchi said on Thursday he saw no need for the central bank to intervene in the bond market to stem recent sharp rises in super-long yields, describing the moves as “rapid but not abnormal.” Noguchi, a former academic regarded as one of the central …
BOJ policymaker rules out intervention to stem bond yield spike Read More »
By Ankur Banerjee SINGAPORE (Reuters) -Foreign investors could once barely imagine that China would invade neighbouring Taiwan, but with Donald Trump as president of the United States, many view it as a tail-risk scenario they must prepare for, although they cannot find ways to do so. The democratically-governed island has long been a point of …
No place to hide from any China-Taiwan conflict, investors say Read More »
By Leika Kihara TOKYO (Reuters) -Japan’s super-long government bond yields have spiked to record highs, as mounting political calls for tax cuts and big spending draw investors’ attention to the country’s fiscal woes. The rise in yields complicates the Bank of Japan’s (BOJ) quest to wean the economy off a decade-long stimulus programme including by …
Factbox-Japan’s possible response to rise in super-long bond yields Read More »
(Reuters) -Citigroup has launched Citi AI, a suite of artificial intelligence (AI) tools for its employees in Hong Kong, the bank said on Thursday. The tools support internal operations including information retrieval from Citi’s policy library, document summarisation and creation of electronic communications drafts among others, it said in a statement. “These initiatives are in …
BANGKOK (Reuters) -Thailand’s domestic car sales in April rose for the first time in 23 months, the Federation of Thai Industries said on Thursday, though production and exports extended their run of falls. Local sales were up 0.97% in April from a year earlier, after a 0.54% fall in March, the group said. “Sales increased …
Thai domestic car sales rise in April for first time in nearly 2 years Read More »
