Reuters Asia Business

By Aditya Kalra and Miho Uranaka NEW DELHI/TOKYO, Dec 17 (Reuters) – Japan’s Mitsubishi UFJ Financial Group (MUFG) is set to invest more than $4 billion for a roughly 20% stake in Indian non-bank financial company Shriram Finance, with the deal to be closed on Friday, two people with knowledge of the matter said. MUFG …

Japan’s MUFG to invest over $4 billion for stake in India’s Shriram Finance, sources say Read More »

By Cynthia Kim SEOUL, Dec 17 (Reuters) – South Korea’s central bank said on Wednesday headline inflation next year could exceed earlier forecasts if the won stays at its current level against the dollar. “If the KRW/USD exchange rate continues to stay at the current high level of around 1,470 won throughout next year, the …

South Korea central bank sees upside inflation risk with a weaker won Read More »

LONDON, Dec 17 (Reuters) – Global coal demand reached a record high in 2025 but is expected to decline by 2030 as renewables, nuclear power and abundant natural gas squeeze its dominance in power generation, the International Energy Agency said on Wednesday. Weaning the world off coal is considered vital to achieving global climate targets, …

Global coal demand hit record high this year but is set to decline by 2030, IEA says Read More »

TOKYO, Dec 17 (Reuters) – Japan’s accelerating defence spending will likely lift Kawasaki Heavy Industries’ related sales above its projection in the coming years, its CEO said on Wednesday, as contractors benefit from an unprecedented military build-up. Japan’s Prime Minister Sanae Takaichi plans to raise defence spending to 2% of GDP by the end of …

Japan’s military buildup to propel Kawasaki Heavy’s defence sales above forecast, CEO says Read More »

SINGAPORE, Dec 17 (Reuters) – Economists have raised their forecasts for Singapore’s growth in 2025 but see the pace moderating next year,  with monetary policy expected to be held steady at a review next month, a survey of forecasters by the Monetary Authority of Singapore showed on Wednesday.  Most respondents in the December quarter survey …

Singapore MAS survey shows economists raising 2025 growth forecast Read More »

By Makiko Yamazaki TOKYO, Dec 17 (Reuters) – Japan’s exports to the U.S. rebounded for the first time in eight months in November, in a sign of easing pain from U.S. tariffs, government data showed on Wednesday, bolstering the case for the central bank to continue raising interest rates. “Automobile exports seem to be recovering …

Japan’s exports to US post first rebound in 8 months as tariff pain eases Read More »

SINGAPORE, Dec 17 (Reuters) – Singapore’s non-oil domestic exports rose by 11.6% in November from the same month a year earlier, government data showed on Wednesday, led primarily by pharmaceuticals and supported by electronic products, such as integrated circuits and PCs.  The export growth compared with a Reuters poll forecast of a 7.0% increase, and …

Singapore’s November exports rise 11.6% y/y, stronger than expected Read More »