By Leika Kihara TOKYO (Reuters) -The International Monetary Fund on Tuesday cut its economic growth forecast for Japan and projected the central bank would lift interest rates at a slower-than-expected pace due to the impact of higher U.S. tariffs. The downgrade highlights the damage U.S. President Donald Trump’s sweeping tariffs could inflict on Japan’s export-reliant …
IMF cuts Japan’s growth forecast as Trump tariffs bite Read More »
(Reuters) -Water technology firm Pentair beat analysts’ estimates for first-quarter profit on Tuesday, helped by robust demand for its aftermarket pool maintenance and repair services. The company, which is based in the UK and operates across 150 countries, also took measures to mitigate the impact of U.S. tariffs on its sales and supply chain. “We …
Pentair tops first-quarter profit estimates on robust demand for aftermarket services Read More »
TOKYO (Reuters) -Chinese Premier Li Qiang has sent a letter to Japanese Prime Minister Shigeru Ishiba calling for a coordinated response to U.S. President Donald Trump’s tariff measures, Japan’s Kyodo news agency reported on Tuesday. The letter, sent via the Chinese embassy in Japan, stressed the need to “fight protectionism together”, Kyodo said, citing multiple …
China urges Japan to help fight US tariffs together, Kyodo reports Read More »
By Selena Li HONG KONG (Reuters) – HSBC’s top wealth manager overseeing China will leave the role soon in an Asian leadership reshuffle, as the lender also cuts hundreds of jobs from its digital wealth project in China. Trista Sun, who has been leading the bank’s International Wealth and Premier Banking (IWPB) business in China, …
HSBC China’s top wealth banker reassigned, Asia wealth head relocates to Shanghai Read More »
KUALA LUMPUR (Reuters) – Palm oil demand from top global buyers China and India is expected to increase as the vegetable oil is now reasonably priced compared to its rivals, the Malaysian Palm Oil Council (MPOC) said on Tuesday. Palm oil is now considered “reasonably priced” at 3,900 ringgit ($889) per metric ton, the MPOC …
By Yuka Obayashi TOKYO (Reuters) -JERA, Japan’s biggest buyer of liquefied natural gas, and Saibu Gas Holdings will collaborate on the use of the Hibiki LNG Terminal, they said on Tuesday, to improve domestic fuel procurement and develop their global business. Saibu Gas, a city gas provider based in Japan’s southern island of Kyushu, decided …
JERA, Saibu Gas collaborate on use of expanded Japanese LNG Terminal Read More »
By Fanny Potkin and Che Pan SINGAPORE/BEIJING (Reuters) – Huawei Technologies plans to begin mass shipments of its advanced 910C artificial intelligence chip to Chinese customers as early as next month, two people familiar with the matter said. Some shipments have already been made, they added. The timing is fortuitous for Chinese AI companies which …
By Panu Wongcha-um BANGKOK (Reuters) – A plan to build a nuclear power plant will continue in Myanmar, a war-torn Southeast Asian country partly devastated by a massive earthquake in March, the Russian state-owned firm leading the project told Reuters. Myanmar’s junta chief Min Aung Hlaing and Russian President Vladimir Putin last month signed an …
Russia’s Rosatom says will proceed with Myanmar nuclear plant despite quake Read More »
BEIJING (Reuters) -China is considering setting up overseas warehouses to aid international settlement of specific products on the Shanghai Gold Exchange, its central bank said on Monday. Shanghai Gold Exchange will be supported to conduct cooperation with overseas exchanges to expand usage of the yuan benchmark in the international market, the statement said. The plan …
China considers setting up overseas warehouses for Shanghai Gold Exchange Read More »
By Leika Kihara TOKYO (Reuters) -The Bank of Japan is expected to signal next week that risks from higher U.S. tariffs will not derail a cycle of rising wages and inflation seen as crucial to keep raising interest rates, said four sources familiar with its thinking. The assessment, to be included in its quarterly outlook …
BOJ likely to keep rate-hike signal intact despite Trump tariff risks, sources say Read More »
