Reuters Asia Business

Japan’s super-long bond yields soar to records as market frets about demand

By Kevin Buckland TOKYO (Reuters) – The longest-dated Japanese government bond yields soared to all-time highs on Tuesday, with worries about demand catalyzed by a poor 20-year debt auction, in a headache for the Bank of Japan as it attempts to exit from a decade of ultra-easy policy. The 20-year JGB yield rose as much …

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Thailand says wants fair trading relationship with U.S

BANGKOK (Reuters) -Thailand is committed to creating a fair relationship in trade and investment with the United States, the finance minister said on Tuesday as the Southeast Asian nation seeks talks with Washington to head off threatened tariffs. Thailand faces a 36% U.S. tariff if a reduction can’t be negotiated before a moratorium expires in …

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Taiwan April export orders beat forecasts, but outlook cautious on US tariffs

TAIPEI (Reuters) -Taiwan’s export orders rose more than expected in April, as customers stockpiled the island’s technology products ahead of worldwide tariffs imposed, and then partially rescinded, in the same month by U.S. President Donald Trump. Export orders jumped 19.8% in April on the year to $56.4 billion for a third successive monthly gain, the …

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Satellites, nuclear power on agenda as Macron visits Vietnam next week

By Francesco Guarascio and Elizabeth Pineau HANOI/PARIS (Reuters) -Infrastructure and energy are among issues France’s President Emmanuel Macron is expected to discuss with Vietnam’s leaders next week during a state visit to the former colony when dozens of deals may be signed, officials said. The first trip to Vietnam by a French president in nearly …

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Reaction to Japanese super-long bond yields hitting record highs

SINGAPORE (Reuters) -Japan’s longest-dated government bond yields climbed to all-time highs on Tuesday, after a poor auction sparked a selloff in the bond market as worries about the country’s fiscal health grow. The 30-year JGB yield soared 17 basis points to 3.14%, while the 40-year yield surged 15 bps to 3.6%. Following is some reaction …

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China’s youth jobless rate drops in April to 15.8%

BEIJING (Reuters) -The jobless rate for 16-to-24-year-olds in Chinese cities dropped in April to 15.8% from 16.5% in March, according to data from the National Bureau of Statistics on Tuesday. (Reporting by Beijing Newsroom; Editing by Jacqueline Wong)

Thai cabinet approves $4.7 billion funding to counter U.S. tariff impact

BANGKOK (Reuters) – Thailand’s cabinet has reallocated 157 billion baht ($4.7 billion) of budget spending away from a consumer stimulus scheme to fund projects in the coming months that will help counter the impact of U.S. tariffs, the government said on Tuesday Thailand faces a 36% U.S. tariff if a reduction cannot be negotiated with Washington before …

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Global steel sector lagging on green transition as coal-powered production rises, research shows

SINGAPORE (Reuters) -As much as 303 million metric tons per year of new high-emitting blast furnace capacity is under development, especially in major steel producers India and China, new research showed, suggesting it will still make up the vast majority of production by 2030. Steel production is responsible for about 11% of total climate warming …

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Dealing with the US downgrade

By Lewis Krauskopf NEW YORK (Reuters) – TRADING DAY Making sense of the forces driving global markets By Lewis Krauskopf, Markets Correspondent The Moody’s downgrade of the U.S. credit rating rippled through markets on Monday and put fresh focus on the nation’s fiscal outlook. Long-dated Treasury yields rose, the dollar fell, while stocks edged higher …

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Seven & i Holdings plans to sell partial stake in Seven Bank to Itochu, Nikkei says

TOKYO (Reuters) -Japan’s Seven & i Holdings plans to sell a partial stake in Seven Bank to trading house Itochu, with an announcement expected as early as May 30, the Nikkei business reported on Tuesday. Seven & i will initially discuss with Itochu the transfer of a stake of about 10% in Seven Bank, worth …

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