By Yukun Zhang, Qiaoyi Li and Polina Devitt BEIJING/LONDON (Reuters) – China’s gold reserves rose to 73.61 million fine troy ounces at the end of February from 73.45 million at the end of January, as the central bank kept buying the precious metal for a fourth straight month. China’s gold reserves were valued at $208.64 …
China’s central bank ups gold reserves for fourth straight month in February Read More »
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) -As U.S. President Donald Trump’s new trade tariffs on China, Mexico and Canada kick off, sparking another trade war, countries in Asia’s complex and integrated global supply chain are in the crosshairs. The following graphics illustrate Asia’s exposure to U.S. tariffs on China and the escalating trade war, …
Asian countries in the crosshairs of Trump’s tariffs Read More »
By Lisa Barrington SINGAPORE (Reuters) – A sharp fall in the number of private jets based in China in recent years shows the impact a weakening domestic economy, anti-corruption drives and the pandemic have had on the country’s wealthiest, according to business aviation industry data and experts. At the end of last year there were …
China loses private jets as other Asian growth spots emerge Read More »
SHANGHAI (Reuters) – Japan’s Toyota began selling a $20,000 smart electric car in China this week, aiming to attract buyers with its advanced features similar to Chinese rivals, as the automaker ups efforts to regain share in the world’s largest auto market. Toyota has had limited success so far with its previous electric vehicle (EV) …
Toyota launches its cheapest smart EV in China, aims to up market share Read More »
TOKYO (Reuters) – Japan’s economy likely expanded in the fourth quarter at the same upbeat pace as initially reported, a Reuters poll showed, reinforcing the central bank’s case for a further interest rate hike in the near term. The Cabinet Office is expected to show gross domestic product (GDP) growth at 2.8% on an annualised …
Japan’s revised Q4 GDP likely to stay upbeat, backing BOJ’s rate hike path: Reuters poll Read More »
(Reuters) – Nissan CEO Makoto Uchida is under deepening pressure over the Japanese automaker’s weakening performance and board members are due to gather on March 11 to discuss potential successors, people familiar with the matter have said. If Uchida does exit, his replacement would become the fourth person to lead the carmaker in a little …
Factbox-Who could be the next Nissan CEO after Uchida? Read More »
By Emily Chow and Fransiska Nangoy SINGAPORE/JAKARTA (Reuters) – After a decade of false starts, Indonesia is rolling out a $1.5 billion project to distribute liquefied natural gas (LNG) on a small scale to feed dozens of power plants now running on diesel via a unique hub-and-spoke model across its vast archipelago. The project aims …
Indonesia embarks on long-stalled LNG push to displace diesel in power plants Read More »
By Ariba Shahid KARACHI (Reuters) -Most analysts predict a seventh consecutive rate cut by Pakistan’s central bank on Monday, amid the first International Monetary Fund (IMF) review of a $7-billion bailout at the time of the lowest inflation in nearly a decade. The cash-strapped South Asian nation could unlock a further tranche of funding if …
Analysts see seventh Pakistan rate cut amid low inflation, IMF review Read More »
By Chen Aizhu SINGAPORE (Reuters) -China’s crude oil imports fell 5% in the first two months of 2025 versus year-ago levels, data showed on Friday, as tougher U.S. sanctions on ships carrying Russian and Iranian oil and a Chinese port ban slowed flows into the world’s top importer. Imports during January and February were 83.85 …
China’s Jan-Feb crude oil imports fall as sanctions, port ban curb flows Read More »
BEIJING (Reuters) -China’s coal imports rose 2.1% year-on-year to a record high for the January-February period, official data showed on Friday, as arbitrage opportunities remained open, but risks grew for imports in the months ahead. China publishes data for the two months in a combined release to smooth out the impact of the Lunar New …
China’s coal imports nudge up to record, but risks to outlook rise Read More »
