Reuters Asia Business

Japan inflation probably accelerated in March on rice price rise – Reuters poll

TOKYO (Reuters) – Japan’s core inflation probably accelerated in March from the previous month as rice prices rose, a Reuters poll showed, a sign of persistent cost pressure that is likely to encourage the central bank to proceed with monetary policy normalisation. Still, the Bank of Japan is facing the difficult task of timing its …

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China, Japan, S.Korea central bank deputies discussed US tariffs

BEIJING (Reuters) -China, Japan and South Korea finance and central bank officials met and discussed the impact of U.S. tariffs on the global and regional macroeconomic situation, China’s central bank said on Friday. The People’s Bank of China Deputy Governor Xuan Changneng was at the regular ASEAN and China, Japan and South Korea finance and …

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Berkshire Hathaway prices yen bonds totalling $627 million

By Miho Uranaka and Sam Nussey TOKYO (Reuters) – Warren Buffett’s Berkshire Hathaway has priced a 6-tranche yen denominated bond totalling 90 billion yen ($626.70 million), according to a term sheet reviewed by Reuters. The sale comes as debt deals are being shelved because of the fallout from U.S President Donald Trump’s tariffs, which investors …

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Indonesian coffee chain Fore says its IPO oversubscribed by 200 times

SINGAPORE (Reuters) – Indonesian coffee chain Fore said on Friday its initial public offering was more than 200 times oversubscribed, buoyed by a caffeine boom in Southeast Asia’s largest and most populous country.  The seven-year old company said it expects to raise about 353.44 billion rupiah  ($21 million) in fresh funds for its listing on …

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South Korea fin min says to strengthen monitoring of bonds, FX markets

SEOUL (Reuters) – South Korea’s Finance Minister Choi Sang-mok said on Friday the government will strengthen monitoring of foreign exchange, bonds and money markets while preparing contingency plans under varying scenarios as uncertainty over a global trade war persists. (Reporting by Cynthia Kim; Editing by Ed Davies)

Japan to be proactive in communicating with US on forex, its finance minister says

TOKYO (Reuters) – Japan will proactively communicate with the United States on foreign exchange based on agreement that excessive currency volatility is negative for the economy, Finance Minister Katsunobu Kato said on Friday. “We have agreed with the United States that currency rates should be determined by markets and that excessive volatility or disorderly movement …

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Trump trade war with China revives recession, bear market fears

By Jeff Mason, Philip Blenkinsop, Joe Cash WASHINGTON/BRUSSELS/BEIJING (Reuters) -President Donald Trump’s trade war rattled global markets anew on Thursday as stocks and oil prices sank amid fears China may once again respond in kind with higher tariffs to match the latest levies imposed by the United States. Battered global markets and anxious global leaders …

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Trading Day: Market nurses huge hangover as tariff reality sets in

ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Desperately seeking safety After Wall Street clocked one of its best days in history on Wednesday, a sense of sober realism was always likely to return on Thursday. But few would have anticipated such a sudden, …

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Argentina renews $5 billion swap with China in much-needed FX boost

By Kylie Madry (Reuters) -Argentina renewed a $5 billion activated swap line with China for another year, the South American nation’s central bank said on Thursday, shoring up dwindling foreign reserves as even more funds from the International Monetary Fund could soon pour in. Argentina has long held the $18 billion swap line with China, …

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Chinese tea brand Chagee targets $5.1 billion valuation in US IPO amid choppy market conditions

By Arasu Kannagi Basil, Pritam Biswas (Reuters) -Chinese tea chain Chagee said on Thursday it was targeting a valuation of up to $5.1 billion in its U.S. initial public offering, braving choppy market conditions. Market volatility stemming from uncertainty over U.S. trade policy has tempered IPO activity as companies adopt a wait-and-see approach before proceeding.     …

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