(Reuters) – The Bank of Japan held interest rates steady on Wednesday, as expected, as policymakers opted to spend more time gauging the impact of potential higher U.S. tariffs on the export-dependent economy. This decision came amid concerns about a global slowdown driven by U.S. President Donald Trump’s tariff policy, which overshadowed wage and price …
SHANGHAI (Reuters) – China is expected to leave its benchmark lending rates unchanged on Thursday, a Reuters poll showed, as signs the economic recovery was gaining some momentum and persistently narrowing profit margins at lenders reduced the urgency for more easing. The loan prime rate (LPR), normally charged to banks’ best clients, is calculated each …
China set to keep lending rates steady on positive signs for economic recovery Read More »
HONG KONG (Reuters) – Shenzhen-listed Chinese mobile screen maker Lens Technology is planning to file an application for a Hong Kong listing by the end of this month, aiming to get the offering done in July, said two people with knowledge of the deal. The company, which is one of the suppliers for Apple’s iPhone, …
China’s Lens Technology aims for July Hong Kong listing, sources say Read More »
TOKYO (Reuters) – Higher imports of U.S. liquefied natural gas would enhance Japan’s supply stability and energy security, but they must be pursued in a mutually beneficial manner for both parties, the head of Japan’s gas industry group said on Wednesday. U.S. President Donald Trump is pushing energy sales to Asian allies while threatening trade …
Japan gas industry head says higher US LNG imports must be mutually beneficial Read More »
By Seunggyu Lim and Cynthia Kim SEOUL (Reuters) -A board member of South Korea’s central bank said on Wednesday household debt growth could take centre stage in policy discussions again amid an upswing in property prices, adding to views that the current easing cycle may end sooner than expected. “The interest rate cut cycle has …
Bank of Korea’s Chang says need to monitor household debt growth Read More »
TOKYO (Reuters) -The chief of Japan’s auto lobby warned that the potential April 2 start of auto tariffs proposed by U.S. President Donald Trump could force automakers and suppliers to make significant adjustments to their production schedules. “For us, avoiding tariffs is a matter of course,” Masanori Katayama, chairman of the Japan Automobile Manufacturers Association …
Japan auto lobby says US tariffs may lead to production adjustments among firms Read More »
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) -Indonesia’s financial services regulator has allowed listed companies to buy back their stocks without shareholders’ approval, while the central bank conducted “bold” currency intervention to calm markets, officials said on Wednesday. The moves came after the main stock index fell as much as 7.1% on Tuesday, pressured …
Indonesia takes currency, market measures after rupiah and shares fall Read More »
JAKARTA (Reuters) – Operations are normal at Indonesia’s largest nickel processing complex, the Morowali industrial park on the eastern island of Sulawesi, despite floods this week, a company spokesperson said on Wednesday. Tens of thousands of workers are employed by dozens of companies in the industrial park, sprawling over 3,000 hectares (7,400 acres), that produced …
Indonesia’s largest nickel processor of Morowali unscathed by floods Read More »
(Reuters) – China is delaying the approval for BYD to build a plant in Mexico over concerns that the technology developed by the electric vehicle maker could leak to the U.S., the Financial Times reported on Wednesday, citing two people familiar with the matter. (Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Rashmi Aich)
TOKYO (Reuters) – The Bank of Japan kept interest rates steady on Wednesday, underscoring policymakers’ preference to spend more time gauging how mounting global economic risks from higher U.S. tariffs could affect Japan’s fragile recovery. As widely expected, the board decided to keep the BOJ’s short-term policy rate unchanged at 0.5% by a unanimous vote. …
BOJ keeps interest rates steady as widely expected Read More »
