By Cynthia Kim and Jihoon Lee SEOUL (Reuters) -South Korea’s March exports grew for a second month but missed market expectations, suggesting a softening outlook as a global trade war triggered by U.S. President Donald Trump’s tariffs raises uncertainty for manufacturers. Fresh U.S. tariffs on automobiles will kick in this week, and Trump has also …
South Korea exports rise but tariff risks dim outlook; steel drops Read More »
By Leika Kihara TOKYO (Reuters) – The Bank of Japan’s top economist, Koji Nakamura, was named new executive director overseeing monetary policy and financial markets on Tuesday, the central bank said in a statement. Nakamura succeeds Takeshi Kato, whose four-year term as one of the BOJ’s six executive directors expired on Monday. Aside from a …
BOJ’s top economist appointed as executive director overseeing policy Read More »
By Leika Kihara TOKYO (Reuters) -Japan will keep up a strong push for the United States to exempt it from auto tariffs, Prime Minister Shigeru Ishiba said on Tuesday, while vowing to take the necessary steps to cushion the blow to the economy and jobs. The export-reliant economy could take a severe hit from a …
Japan to make strong push for exemption from US auto tariffs Read More »
BEIJING (Reuters) – Average resale home prices across 100 Chinese cities fell at a sharper month-on-month pace in March, a private survey showed on Tuesday, signalling persistent challenges in the property sector despite modest gains in new home prices. The average resale home price fell 0.59% from the prior month, versus a 0.42% drop in …
China’s resale home prices drop at faster pace in March, survey shows Read More »
TOKYO (Reuters) – TG Natural Resources LLC (TGNR), co-owned by Tokyo Gas and Castleton Commodities International, has bought a 70% stake in east Texas gas assets from Chevron for $525 million, the company said on Tuesday, as it expands its U.S. gas business. TGNR is already the fourth biggest producer in the Haynesville shale basin …
Japan’s Tokyo Gas expands in US shale gas with Chevron deal Read More »
HANOI (Reuters) – Japan’s ENEOS Xplora has signed a new production-sharing contract for the Block 15-2 offshore southern Vietnam, the production and exploration arm of state oil firm PetroVietnam said on Tuesday. The 25-year contract was signed in Hanoi on Monday between ENEOS Xplora’s Vietnam unit, Japan Vietnam Petroleum Company Limited (JVPC), and PetroVietnam’s PVEP unit, …
ENEOS Xplora, PVEP sign production-sharing contract for Vietnam offshore block Read More »
SEOUL (Reuters) -South Korea’s Hanwha Group Chairman Kim Seung Youn is giving a 11.32% stake in Hanwha Corp to his three sons, as part of the chaebol’s succession, Hanwha said in a statement on Monday. This is half of Kim’s current 22.65% stake in Hanwha, the statement said. Kim will retain his position as chairman …
South Korea’s Hanwha Group chairman to give 11.3% Hanwha stake to three sons Read More »
By Leika Kihara TOKYO (Reuters) -Big Japanese manufacturers’ business sentiment worsened to a one-year low in the three months to March, a central bank survey showed on Tuesday, a sign escalating trade tensions were already taking a toll on the export-reliant economy. The gloom contrasted with big non-manufacturers’ mood, which improved to levels unseen since …
Japan business mood slumps to 1-year low on Trump tariff uncertainty Read More »
SEOUL (Reuters) – South Korea’s acting President Han Duck-soo vetoed on Tuesday a revision to the Commercial Act, saying the law’s broadening of corporate board members’ duty to all shareholders could impede management’s decision-making and create unnecessary confusion. South Korea’s opposition-controlled parliament passed in March the revision, which expanded the fiduciary duty of board members …
South Korea acting president vetoes revised Commercial Act on expanded board duties Read More »
By Satoshi Sugiyama TOKYO (Reuters) – In Japan, policymakers and economists are paying close attention to the “oshikatsu” phenomenon as a growing driver of consumer spending – and 24-year-old Momoka Matsui is one of many doing her part to shore up the economy. Matsui is part of an expanding demographic of mostly 20- and 30-somethings …
Anime and mascots: Japan hopes ‘oshikatsu’ rage will open consumer wallets Read More »
