TAIPEI (Reuters) -Taiwan President Lai Ching-te met senior officials on Sunday night to discuss the possible impact of U.S. tariffs and receive an update on contingency plans, his office said on Monday. Trump administration officials, including Treasury Secretary Scott Bessent, have said that much of the reciprocal U.S. tariff focus will be on 15 countries …
Taiwan president briefed ahead of possible US tariffs Read More »
TOKYO (Reuters) – Japan Finance Minister Katsunobu Kato said on Monday that he would communicate closely with U.S. Treasury Secretary Scott Bessent on foreign exchange, pointing out that close dialogue is important for market stability. Kato made the comment to parliament when asked how he would communicate with Bessent, as President Donald Trump’s aggressive tariff …
Japan finance minister says he will closely communicate with US on forex Read More »
HONG KONG (Reuters) – The board of Hong Kong conglomerate CK Hutchison said on Monday it has not made any decision on its global telecommunications business, in response to media reports about a potential spin-off listing of the assets. “From time to time, the Group receives proposals and explores and evaluates opportunities that may be …
Hong Kong’s CK Hutchison says no decision made on telco spin off Read More »
SEOUL (Reuters) – South Korea’s factory output rose in February, government data showed on Monday, beating market expectations. Industrial production rose 1.0% in February from a month earlier on a seasonally adjusted basis, compared with a dip of 2.8% in January and an increase of 0.8% tipped in a Reuters poll. On a year-on-year basis, …
South Korea February factory output rises faster than expected Read More »
BEIJING (Reuters) -Four of China’s largest state-owned banks said on Sunday they plan to raise a combined 520 billion yuan ($71.60 billion) in private placements from investors, including the finance ministry, after Beijing pledged to help them support the economy. The fundraising, which aims to boost the banks’ core tier-1 capital, comes after Chinese policymakers …
China’s biggest state banks to raise $71.6 billion to boost capital Read More »
BEIJING (Reuters) – PetroChina, Asia’s largest oil and gas producer, on Sunday said annual net profit rose 2% to a record high, as moderately higher production helped to offset lower oil prices. Its net profit totalled 164.7 billion yuan ($22.68 billion) in 2024, versus 161.1 billion yuan in 2023, while revenue dipped 2.5% to 2,938.0 …
PetroChina reports record 2024 net income on higher production Read More »
BEIJING (Reuters) – China’s state-owned plane maker COMAC has delivered its first C909 regional jet to Lao Airlines, the company said in a statement on Sunday. The aircraft was delivered on a lease and will be put into service after a series of preparations in Laos, COMAC said. (Reporting by Ethan Wang and Brenda Goh; …
China’s COMAC delivers first C909 jet to Lao Airlines Read More »
TOKYO (Reuters) -Japan’s Financial Services Agency (FSA) plans to revise the Financial Instruments and Exchange Act to give crypto assets a legal status as financial products, the Nikkei business daily said on Sunday, without citing sources. As part of the move, crypto assets will be put under insider trading restrictions that prohibit buying and selling …
Japan to give crypto assets legal status as financial products, Nikkei says Read More »
SEOUL (Reuters) – South Korea will soon submit a 10 trillion won ($6.8 billion) supplementary budget bill to parliament to respond to the fallout from the country’s worst-ever forest fires and counter slumping growth, the finance minister said on Sunday. Choi Sang-mok told an urgently scheduled policy meeting that the fires have destroyed 48,000 hectares …
South Korea to draft $6.8 billion extra budget for wildfire, tariff threats Read More »
By Patricia Vilas Boas (Reuters) – Brazilian meatpacker JBS announced on Saturday that it will invest US$100 million to build two factories in Vietnam, aiming to expand its presence in Southeast Asia and strengthen its position in the global market. According to a statement from the company, the plants will produce beef, pork and poultry, …
Brazil meatpacker JBS to spend $100 million to build 2 factories in Vietnam Read More »
