Reuters Asia Business

By Yuka Obayashi TOKYO (Reuters) -Japanese oil companies are scaling back decarbonisation initiatives, including hydrogen and ammonia projects, amid a global shift towards more stable and cost-effective fossil fuels. The move reflects mounting concerns over energy security, U.S. policy risks, and rising material costs driven by inflation, all of which undermine project profitability and predictability. …

Japan’s oil refiners scale back decarbonisation efforts, refocus on fossil fuels Read More »

BANGKOK (Reuters) -Thailand’s economic growth may slow down over the next two years due to steep U.S. tariffs, but state-owned banks will provide support to exporters and supply chain businesses affected, its finance minister said on Thursday. “Within the next two years, we should see quite a few stumbles. The ones who will stumble are …

Thailand’s growth to slow over next 2 years due to tariffs, minister says Read More »

TOKYO (Reuters) -Japan’s largest banking group Mitsubishi UFJ Financial Group clocked a record annual net profit even as fourth-quarter profit fell by 41%. MUFG made a net profit of 114 billion yen ($782.11 million) in the January-March quarter compared to 192.8 billion yen in the same period the previous year. Annual profit hit 1.86 trillion …

Japan’s MUFG posts record annual profit despite 41% slump in Q4 Read More »

By Rishav Chatterjee (Reuters) – Bullish bets on the Taiwan dollar surged to their highest since late 2020 after the currency posted its steepest one-day gain in nearly four decades last week, as traders wagered Taipei might permit appreciation to smooth trade relations with Washington. Analysts doubled down on their long positions on the Taiwan …

Bulls pile up on Taiwan dollar most since late 2020, trim long position on rupee: Reuters poll Read More »

By Selena Li HONG KONG (Reuters) -Hong Kong-based lender Hang Seng Bank said on Thursday that it was restructuring its business and streamlining duplicate roles in a move that would lead to job losses for about 1% of its “core staff”. Hang Seng Bank, which is 63%-owned by global banking group HSBC, “reviews and restructures …

HSBC-backed Hang Seng Bank to cut jobs as part of restructure Read More »

(Reuters) -Japanese investors snapped up foreign stocks for an eighth straight week, as progress in U.S. trade negotiations and easing concerns over the global economic impact of a trade war lifted investor sentiment. Japanese investors bought a net 250.8 billion yen ($1.72 billion) worth of foreign stocks during the week ended May 10, although it …

Japanese investors extend foreign stock buying to eighth week on trade optimism Read More »