Reuters Asia Business

China developer Greentown to issue $150 million additional bonds to refinance debt

18 Feb 2025

By Clare Jim and Rishav Chatterjee (Reuters) -Greentown China said on Tuesday it will issue additional dollar bonds worth $150 million to help refinance its existing borrowings, after offering the first dollar bond sale in the sector in two years last week.  The state-backed property developer last week said it sold $350 million worth of …

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Singapore offers support for consumers as polls, global tensions loom

18 Feb 2025

By Xinghui Kok, Fanny Potkin and Rae Wee SINGAPORE (Reuters) – Singapore offered broad support for workers and businesses, as well as assistance with living costs, with the economy bracing for a rise in global tensions and ahead of elections this year. Prime Minister Lawrence Wong, also the finance minister, announced S$1.06 billion ($790.2 million) …

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Jimmy Lai’s son urges US, UK help to get father out of Hong Kong jail

18 Feb 2025

By Olivia Le Poidevin GENEVA (Reuters) – Pro-democracy media tycoon Jimmy Lai is physically breaking down in a Hong Kong prison and “time is running out” for him if the U.S. and Britain do not push for his release, his son said. Jimmy Lai, a British-Chinese dual citizen and supporter of the pro-democracy protests that …

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Taiwan electronics firms plan more Texas investments, industry body says

18 Feb 2025

By Wen-Yee Lee TAIPEI (Reuters) – Taiwanese electronics companies are planning more investments in the U.S. state of Texas, with announcements possible in May to coincide with President Donald Trump’s first 100 days in office, the head of an industry body said on Tuesday. Trump, who took office on Jan. 20, has lambasted Taiwan for …

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China stocks seen ready for sea change as Xi’s tech detente lifts sentiment

18 Feb 2025

By Summer Zhen and Li Gu HONGKONG/SHANGHAI (Reuters) -The case for buying Chinese stocks – particularly tech shares – is improving, perhaps enough to tempt back long-term investors, investment banks say, noting the emergence of AI startup DeepSeek and a meeting between Xi Jinping and business leaders in the sector. Bank of America Securities said …

China stocks seen ready for sea change as Xi’s tech detente lifts sentiment Read More »

Indonesia budget efficiency cuts remain at $18.8 billion, finance ministry says

18 Feb 2025

JAKARTA (Reuters) – Indonesia’s deputy finance minister on Tuesday said the total budget funding the government is freeing up through efficiency measures remained unchanged at 306 trillion rupiah ($18.8 billion), after the president gave a much higher figure. On the weekend, President Prabowo Subianto told a gathering of his political party that the total figure …

Indonesia budget efficiency cuts remain at $18.8 billion, finance ministry says Read More »

Czech investor Kretinsky’s EPH raises debut $527 million Samurai loan

18 Feb 2025

PRAGUE (Reuters) – Czech energy group EPH, controlled by billionaire investor Daniel Kretinsky, raised its first Japanese loan facility worth 80 billion yen ($527 million), as part of efforts to diversify funding access, the company said. The so-called Samurai loan matures in February 2030 and pays an interest margin of 160 basis points over the …

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BOJ may raise rates twice more this year, underpin yen, says ex-FX diplomat Watanabe

18 Feb 2025

By Leika Kihara and Takaya Yamaguchi TOKYO (Reuters) – The Bank of Japan could raise interest rates twice more this year if inflation stays around current levels, which would help prevent the yen from testing fresh lows, Japan’s former top currency diplomat Hiroshi Watanabe said on Tuesday. Any attempt to prop up the yen through …

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Hong Kong’s Nov 2024-Jan 2025 unemployment holds steady at 3.1%

18 Feb 2025

HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate held steady at 3.1% in the November 2024 to January 2025 period versus the prior three-month period, the government said on Tuesday. The unemployment rate was steady to the October-December, September-November and August-October periods, and was slightly up from 3% in the July-September period. “The …

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China’s Sany Heavy Industry may raise $1.5 billion in planned Hong Kong listing, sources say

18 Feb 2025

By Kane Wu HONG KONG (Reuters) – Chinese manufacturer Sany Heavy Industry is planning a listing in Hong Kong that could raise up to $1.5 billion, two people familiar with the matter said on Tuesday. The people could not be named as they were discussing confidential information. Sany did not immediately respond to a request …

China’s Sany Heavy Industry may raise $1.5 billion in planned Hong Kong listing, sources say Read More »

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