Reuters Asia Business

BOJ set to hold rates this month, hike to 0.75% in Q3, most likely July: Reuters poll

13 Mar 2025

By Satoshi Sugiyama TOKYO (Reuters) – The Bank of Japan is expected to keep its key interest rate steady at its March 19 meeting, with over two-thirds of economists expecting a 25-basis-point hike to 0.75% in the third quarter, most likely in July, a Reuters poll showed.  The survey also found 90% of economists expecting …

BOJ set to hold rates this month, hike to 0.75% in Q3, most likely July: Reuters poll Read More »

Singapore’s City Developments executive chairman drops lawsuit to remove CEO son

13 Mar 2025

By Rishav Chatterjee (Reuters) -City Developments said its executive chairman has dropped a lawsuit against his son, the company’s CEO, seeking to resolve a high-profile boardroom tussle at one of Singapore’s largest property developers. Kwek Leng Beng said last month he had taken legal action to remove Sherman Kwek from the helm of the company, …

Singapore’s City Developments executive chairman drops lawsuit to remove CEO son Read More »

Trump threatens further tariffs as EU, Canada retaliate for those already in place

13 Mar 2025

By Andrea Shalal, David Lawder and Jarrett Renshaw WASHINGTON (Reuters) -Donald Trump threatened on Wednesday to escalate a global trade war with further tariffs on European Union goods, as major U.S. trading partners said they would retaliate for trade barriers already erected by the U.S. president. Just hours after Trump’s 25% duties on all U.S. …

Trump threatens further tariffs as EU, Canada retaliate for those already in place Read More »

Dollar edges higher as markets weigh trade tensions

12 Mar 2025

By Chibuike Oguh and Yadarisa Shabong NEW YORK (Reuters) -The U.S. dollar edged higher against major currencies including the yen and the euro on Wednesday as data showing a slowdown in inflation was eclipsed by worries about potential inflationary implications of President Donald Trump’s tariffs. A trade brinkmanship between the U.S. and its trading partners, …

Dollar edges higher as markets weigh trade tensions Read More »

Kazakhstan says it will adjust quickly to comply with OPEC+ quota

12 Mar 2025

ALMATY (Reuters) – Kazakhstan will quickly adjust its oil output in order to get back in line with its OPEC+ quota after exceeding the limit in February, the Energy Ministry said on Wednesday. OPEC said earlier that Kazakhstan was the biggest contributor to a sizeable jump in February crude output by OPEC+. The Central Asian …

Kazakhstan says it will adjust quickly to comply with OPEC+ quota Read More »

Exclusive-Mercedes to develop smart cars for global markets with China’s Hesai lidar

12 Mar 2025

SHANGHAI (Reuters) -Mercedes-Benz will develop smart driving cars for global markets equipped with Hesai’s lidar sensors, a person with direct knowledge said, the first time a foreign automaker has sought to use such Chinese-made technology for models sold outside China. It coincides with an increase in trade tensions as the U.S. intensifies efforts to restrict …

Exclusive-Mercedes to develop smart cars for global markets with China’s Hesai lidar Read More »

Ecuador says upfront payment needed for Sacha oil deal not made

12 Mar 2025

By Alexandra Valencia QUITO (Reuters) – The deadline for a Chinese-Canadian consortium to pay a $1.5 billion upfront payment to Ecuador in order to develop the country’s most productive oil block has passed, the energy minister said on Wednesday, seemingly scuppering the deal. President Daniel Noboa, who is seeking re-election in April, had said the …

Ecuador says upfront payment needed for Sacha oil deal not made Read More »

Kazakhstan was the main laggard in OPEC+ oil pact in February, OPEC data shows

12 Mar 2025

MOSCOW (Reuters) – Kazakhstan contributed more than a half of overall OPEC+ oil production rise in February, lagging behind its pledges to reduce production, OPEC data showed on Wednesday. Kazakhstan has persistently exceeded its output quota of 1.468 million bpd under the production-curbing deal struck by the Organization of the Petroleum Exporting Countries and allies …

Kazakhstan was the main laggard in OPEC+ oil pact in February, OPEC data shows Read More »

I Squared, Macquarie vie for stake in Indosat’s $1 billion fibre business, sources say

12 Mar 2025

By Yantoultra Ngui SINGAPORE (Reuters) – Global asset managers I Squared Capital and Macquarie are among bidders vying for a stake in the fibre business of Indonesia’s Indosat Ooredoo Hutchison in a deal that could value it at $1 billion, two people with knowledge of the matter said. Plans for the sale come as global …

I Squared, Macquarie vie for stake in Indosat’s $1 billion fibre business, sources say Read More »

Cathay Pacific reports slight profit growth amid strong regional competition

12 Mar 2025

By Lisa Barrington and Shivangi Lahiri (Reuters) – Cathay Pacific Airways reported marginal full-year profit growth on Wednesday, but airfares fell because of intense competition as Asia’s airlines continue to restore seat capacity after the pandemic. Hong Kong’s flagship airline posted a 1% rise in group net profit to HK$9.89 billion ($1.27 billion) for the …

Cathay Pacific reports slight profit growth amid strong regional competition Read More »

Close Bitnami banner
Bitnami