By Harry Robertson LONDON (Reuters) – Speculators have mounted their biggest ever wager that the Japanese yen will continue to rise as they position for further Bank of Japan interest rate hikes, an abrupt reversal from huge bets against the currency last year. The yen has strengthened by 4% this year as stronger inflation data …
Traders place record bet on rising Japanese yen, eyeing further rate hikes Read More »
HONG KONG (Reuters) – Chinese automaker Geely on Monday announced a smart driving system, the new G-Pilot, which will be available on cars under the Geely Auto, Galaxy, Lynk & Co and Zeekr brands. Geely priced the G-Pilot-powered electric sedan, the Galaxy E8, from 149,800 yuan ($20,549.54). ($1 = 7.2897 Chinese yuan renminbi) (Reporting by …
China’s Geely introduces new smart driving system Read More »
JAKARTA (Reuters) – Indonesia’s financial regulator will delay the lifting of short selling restrictions to prevent further pressure on the country’s stock market, CNBC Indonesia reported on Monday. Jakarta’s benchmark stock index suffered its worst monthly performance in February since March 2020, hurt by worries over U.S. import tariff policies and a weaker rupiah. The …
Indonesia to delay lifting short selling ban to support stock market, CNBC says Read More »
SINGAPORE (Reuters) – Sinopec Corp said on Monday the Chinese government has certified about 180 million metric tons, or about 1.3 billion barrels, of new geological reserves at two of its shale oil plays. The new reserves were tapped at the Xinxing field in the Jiyang trough of the Bohai Bay basin and the Qintong …
Sinopec certifies 1.3 billion barrels reserve at east China shale oil plays Read More »
By Scott Murdoch (Reuters) -Chinese electric vehicle maker BYD has launched a sale of its Hong Kong shares to raise up to $5.2 billion via an accelerated book-building, according to a deal term sheet seen by Reuters on Monday. The company has set a price range of HK$333-HK$345 per share for the offering, representing an …
China’s BYD launches share sale to raise up to $5.2 billion, term sheet shows Read More »
By Clare Jim HONG KONG (Reuters) -New World Development’s shares and bonds rallied on Monday after the major Hong Kong developer said it would increase cash flow and cut debt, but analysts said a more concrete deleveraging plan is needed. Its shares closed up 11.2% to HK$5.36, the highest since December 24. New World’s market …
Debt cut plans lift New World Development, but analysts remain cautious Read More »
TOKYO (Reuters) -Japan’s top currency diplomat, Atsushi Mimura, on Monday cautioned about foreign exchange moves and their negative impact on the country’s goal of achieving real wage growth. Citing the government’s estimate that a 10% depreciation of the yen can push up the inflation rate by 0.3%, Mimura said foreign exchange “can have a decisive …
Japan’s top currency diplomat cautious about how FX could impact wage growth Read More »
By Scott Murdoch, Sophie Yu and Jiaxing Li SYDNEY (Reuters) -Shares of China’s largest bubble tea and drinks chain, Mixue Group, jumped more than 47% in their debut on the Hong Kong Stock Exchange on Monday, with new listings in the city recording their strongest start to a year since 2021. Mixue – known for …
China bubble tea chain Mixue pops 47% on debut as Hong Kong IPO volumes rebound Read More »
By Michele Pek SINGAPORE (Reuters) -Iron ore futures fell for a sixth straight session on Monday amid rising trade tensions between the U.S. and top consumer China, outweighing upbeat Chinese manufacturing data. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 2.81% lower at 779.5 yuan ($106.91) a metric …
Iron ore at more than 6-week low on mounting US tariff tensions Read More »
By Ritsuko Shimizu TOKYO (Reuters) -Seven & i Holdings, the Japanese retail giant at the centre of a takeover battle, is finalising a plan for its chief executive to step down, mostly likely to be replaced by its first foreign chief, two people familiar with the matter said. Ryuichi Isaka, who also serves as president, …
Seven & i finalising plan for CEO Isaka to step down, sources say Read More »
