JAKARTA (Reuters) – Indonesia will adjust its crude palm oil export tax to reduce the burden on exporters from U.S. tariffs, Finance Minister Sri Mulyani Indrawati said on Tuesday. Indonesia currently imposes an export tax of up to $288 per ton on crude palm oil, depending on price levels. It also imposes separate export levies …
Indonesia to adjust crude palm oil export tax, finance minister says Read More »
(Reuters) -Japanese investors turned net sellers of overseas bonds in March for the first time in three months, fuelled by a decline in U.S. yields, but they ramped up purchases of foreign equities, aided by retail investment flows. Japanese investors sold 902.7 billion yen ($6.14 billion) in long-term foreign bonds in March, reversing February’s net …
Japanese investors cut foreign bond buying, step up equity buying in March Read More »
HONG KONG (Reuters) -China and Hong Kong stocks regained some ground on Tuesday, steadying in the wake of stronger regional markets and government-led support after a brutal selloff triggered by concerns over trade tariffs. China’s blue-chip CSI 300 Index climbed 1.7% and the Shanghai Composite Index gained 1.6% at the close, after both slid more …
China, Hong Kong stocks rebound with regional markets, Beijing support Read More »
BEIJING (Reuters) – Global ratings agency Fitch revised outlooks for China’s five major state banks and China Merchants Bank to stable from negative on Tuesday, despite the downgrade of China’s sovereign rating last week. The Chinese government still retains financial flexibility to support the sector including the six banks, even during higher deficits and rising …
SEOUL (Reuters) – South Korean shipbuilder HD Hyundai Mipo Co is in contract talks on a new deal, it said on Tuesday in a regulatory filing in response to a local media report of a potential $1.55 billion order. HD Hyundai Mipo and affiliate shipbuilder HD Hyundai Samho signed a letter of intent to build …
HONG KONG/BEIJING (Reuters) – China’s regulatory body for state assets said on Tuesday it would support central government-owned companies to increase their stock holdings and share buybacks to mitigate the impact of an escalating global trade war on the country’s stock market. Several Chinese state-owned companies, including oil giant Sinopec, have already announced plans to …
China’s state asset regulator to support firms with share buybacks Read More »
By Farah Master and Lewis Jackson HONG KONG (Reuters) -Hong Kong customs authorities last month seized a cargo of what they believe to be antimony ingots – one of several strategic minerals that China restricted exports of last year. Antimony is used as a flame retardant and in semiconductors and solar power equipment. It is …
Hong Kong customs seize cargo of antimony after China imposed export controls Read More »
By Wen-Yee Lee and Faith Hung TAIPEI (Reuters) -Taiwan can have negotiations with the United States at any time on the tariffs issue, Foreign Minister Lin Chia-lung said on Tuesday, a day after the island’s stock market plummeted on trade fears. Major semiconductor producer Taiwan, hit with a 32% duty, was singled out by the …
Taiwan says it can have negotiations with US any time on tariffs Read More »
(Reuters) – Chinese agricultural stocks rose sharply on Tuesday as investors bet tariffs would limit U.S. agricultural imports and boost domestic producers, defying a broader market crash sparked by the escalating U.S.-China trade war. Shares of Dabeinong Tech, a seed and animal feed producer, rose 6.45% by 0424 GMT on Tuesday and shares of Wens …
China agricultural stocks surge amid escalating trade war with US Read More »
TOKYO (Reuters) – Japan’s Nikkei share average closed 6% higher on Tuesday, recovering from a 1-1/2-year low hit in the previous session, as investors scooped up stocks, encouraged by signs of a recovery on Wall Street. The Nikkei index climbed 6.03% to 33,012.58, marking its sharpest daily percentage gain since August 6. The broader Topix …
Japan’s Nikkei ends 6% higher on market recovery hopes Read More »
