Reuters Asia Business

By Jana Choukeir and Ella Cao BEIJING/DUBAI (Reuters) – Chinese Premier Li Qiang and Saudi Crown Prince Mohammed Bin Salman discussed cooperation in several sectors including energy, investment and trade in a meeting in Riyadh on Wednesday, the Saudi state news agency SPA reported. Earlier, Li had urged Beijing and the Gulf Cooperation Council (GCC), …

China’s Li, Saudi crown prince discuss cooperation in Riyadh, meeting Read More »

By Marc Jones LONDON (Reuters) – Moody’s cut the credit rating of the Maldives on Wednesday and warned another was possible in the coming months due to the growing danger of a full-blown debt crisis and what would be the first ever default on an Islamic sovereign bond. “The decision to downgrade is driven by …

Moody’s warns of back-to-back Maldives downgrades as first Islamic default fears mount Read More »

(Reuters) -The U.S. Food and Drug Administration issued warning letters to two Chinese third-party testing firms on Wednesday, citing oversight failures and animal care violations, raising concerns about the quality and integrity of data generated by the labs. The letters were issued to Mid-Link Testing Company and Sanitation & Environmental Technology Institute of Soochow University, …

US FDA sends warning letters to two Chinese firms for violating lab practices Read More »

By Francesco Guarascio, Phuong Nguyen and Khanh Vu HANOI (Reuters) -Typhoon Yagi caused severe damage to many factories and flooded warehouses in northern Vietnam’s export-oriented industrial hubs, with some shuttered plants expected to need weeks to return to full operation, executives said. Asia’s strongest typhoon this year was still causing deadly floods and landslides on …

Factories in Vietnam’s export hubs face weeks of disruption after typhoon Read More »

By Kane Wu HONG KONG (Reuters) – Goldman Sachs has appointed Raghav Maliah, Yoshihiko Yano and Ed Wittig as co-heads of mergers and acquisitions in Asia Pacific to expand and deepen deals coverage in the region, according to an internal memo on Tuesday seen by Reuters. Wittig is joining the bank’s Asia team later this …

Goldman Sachs appoints three co-heads of Asia M&A to bolster regional presence Read More »

By Yuka Obayashi TOKYO (Reuters) -The Japanese government is considering support measures to make it easier for companies to enter into long-term purchase contracts for liquefied natural gas to ensure a stable supply of the super-chilled fuel, the industry ministry said on Wednesday. At a meeting with energy experts to discuss fossil fuel procurement, the …

Japan considers company support measures for long-term LNG contracts Read More »

By Stefanno Sulaiman KARAWANG, Indonesia (Reuters) – Rahmat Hidayat lost his job when the shoe factory he worked for closed down last year in the industrial town of Karawang in Indonesia’s West Java. The 44-year-old now earns less than half of what he used to make by selling grilled meatballs. Unable to afford his wife’s …

Indonesia’s dwindling middle class seen dimming economic outlook Read More »

SINGAPORE –  Economists have upgraded their expectations for Singapore’s growth in 2024, according to a survey by the country’s central bank published on Wednesday, with better-than-expected external growth seen as the top upside driver for the economy. The median forecast of 21 economists surveyed by the Monetary Authority of Singapore (MAS) is for the economy …

Economists upgrade Singapore 2024 growth forecast, central bank survey shows Read More »