Reuters Asia Business

By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s central bank kept its policy interest rate unchanged on Wednesday as it awaited approval of the country’s budget and the latest loan review from the International Monetary Fund. The Central Bank of Sri Lanka (CBSL) held the overnight policy rate at 7.75%, as forecast by all 13 economists …

Sri Lanka central bank holds interest rate steady ahead of budget, IMF review Read More »

By Ella Cao and Naveen Thukral BEIJING/SINGAPORE (Reuters) -China bought at least 10 cargoes of U.S. soybeans worth around $300 million in contracts signed since Tuesday, two traders with knowledge of the deals said, a day after the presidents of both countries spoke on the phone. The purchases of the unusually large volumes extend a …

Exclusive-China buys at least 10 US soybean cargoes in new deals after Trump-Xi call, sources say Read More »

By Heejin Kim SEOUL (Reuters) -South Korea’s HD Hyundai and Lotte Chemical have submitted a plan to the industry ministry on restructuring their petrochemical businesses, the companies said in separate regulatory filings on Wednesday. Under the plan, Lotte will spin off its business in Daesan city, South Korea, and merge it with HD Hyundai Chemical, …

South Korea’s HD Hyundai, Lotte Chemical submit plan to restructure petrochemical businesses Read More »

(Reuters) -Bitcoin mining is quietly staging a comeback in China despite being banned four years ago, as individual and corporate miners exploit cheap electricity and a data center boom in some energy-rich provinces, according to miners and industry data. China had been the world’s biggest crypto mining country until Beijing banned all cryptocurrency trading and …

Bitcoin mining in China rebounds, defying 2021 ban Read More »

By Ben Blanchard and Wen-Yee Lee TAIPEI (Reuters) -Taiwan’s Foxconn said on Wednesday that it had secured regulatory approval to invest an additional $569 million in the U.S. state of Wisconsin to meet rising demand for AI servers. The Wisconsin Economic Development Corporation (WEDC) approved the plan to expand operations at Foxconn’s facility in Racine County, …

Foxconn wins approval for new $569 million investment in Wisconsin Read More »