Reuters Asia Business

Singapore’s Sembcorp profit rises on boost from integrated urban solutions segment

27 Feb 2025

(Reuters) – Singapore’s Sembcorp Industries posted a 7% rise in its annual profit on Thursday, driven by better performance in the integrated urban solutions segment, which overshadowed lower income in its biggest division gas and related services. Shares of the Temasek Holdings-backed company rose as much as 3.4% to S$6.08 after the results, their highest …

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South Korea to tighten household borrowing rules from second half

27 Feb 2025

SEOUL (Reuters) – South Korea will tighten borrowing rules from the second half of this year to manage the growth in household debt, the financial regulator said on Thursday, amid expectations the central bank will ease monetary policy further. From July, the Financial Services Commission (FSC) said it would tighten “stress debt-to-service ratios”, which take …

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Morning Bid: Yields, stocks sag as ‘Tariff Man’ flexes muscles, Nvidia reports

27 Feb 2025

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets.  The Asia-Pacific economic and corporate calendar is virtually empty on Thursday, allowing investors to take their cue from global drivers, two of which stand out above all others – Nvidia’s earnings and U.S. President Donald Trump’s latest musings on tariffs. Nvidia …

Morning Bid: Yields, stocks sag as ‘Tariff Man’ flexes muscles, Nvidia reports Read More »

Wall St closes mixed as European stocks hit record; Nvidia reports

26 Feb 2025

By Stephen Culp, Chris Prentice and Samuel Indyk NEW YORK (Reuters) -U.S. stocks fluttered to a mixed close on Wednesday amid fresh tariff threats while a draft U.S.-Ukraine deal on critical minerals and robust corporate earnings helped European shares close at a record high. Global shares also gained and benchmark Treasury yields notched their sixth …

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Japan’s top currency diplomat sees no disparity between yen rise, solid economy

26 Feb 2025

By Leika Kihara CAPE TOWN (Reuters) – Japan’s top currency diplomat, Atsushi Mimura, said on Wednesday he did not see any disparity between recent rises in the yen and a slew of positive economic data, underscoring Tokyo’s view that the currency’s rebound was broadly in line with an improving economy that could justify hikes in …

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New York Fed research flags new inflation vector from tariffs on China imports

26 Feb 2025

By Michael S. Derby NEW YORK (Reuters) – The U.S. economy could be in for a fresh inflation jolt if the Trump administration fully follows through with tariffs on Chinese imports, a New York Federal Reserve research paper said on Wednesday. At issue is President Donald Trump’s announcement of import taxes on low-cost “de minimis” …

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Exclusive-CICC to merge with Galaxy Securities to form China’s No.3 brokerage, say sources

26 Feb 2025

By Julie Zhu HONG KONG (Reuters) – State-owned China International Capital Corp (CICC) is set to merge with its peer China Galaxy Securities, said five sources, in a deal that would create the country’s third-largest brokerage with $193 billion in assets. A combination of CICC and Galaxy, which would mark the second mega merger in …

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Japan tells G20 free, open trade crucial for global growth

26 Feb 2025

By Leika Kihara CAPE TOWN (Reuters) – Japan told its G20 counterparts that free, open and rules-based trade was important to sustain global economic growth, a senior finance ministry official told reporters on the sidelines of a gathering of the group’s finance leaders on Wednesday. Japan also called on G20 members to take “highly predictable” …

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Itochu to bow out of Seven & i buyout, Couche-Tard still interested

26 Feb 2025

By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – Japan’s Itochu is withdrawing from a buyout for Seven & i Holdings proposed by the retailer’s founding family, two sources with knowledge of the matter said, while Canada’s Alimentation Couche-Tard reaffirmed its commitment to a takeover. After receiving a takeover bid from Alimentation Couche-Tard last year, …

Itochu to bow out of Seven & i buyout, Couche-Tard still interested Read More »

Shein reports two child labour cases in 2024 as it increased supplier audits

26 Feb 2025

LONDON (Reuters) – Fast-fashion retailer Shein found two cases of child labour at its suppliers last year, the same number as in 2023, following more audits of its mostly China-based third-party manufacturers, the company told British lawmakers in a letter. The disclosure by Shein, which is planning an initial public offering in London, was in …

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