TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Tuesday the sharp volatility seen in currency and stock markets last summer was mainly caused by investors’ concern over weak U.S. jobs data and the risk of a slowdown in the U.S. economy. “We are aware, however, of criticism that our policy stance has …
BOJ’s Ueda blames weak U.S. data for last summer’s market rout Read More »
JAKARTA (Reuters) – Indonesia is studying the implementation of a biodiesel blend that contains 50% palm oil in 2026, and is also looking at a 3% blend for jet fuel next year, energy ministry official Eniya Listiani Dewi told parliament members on Tuesday. The world’s top palm oil producer this year increased the mandatory mix …
Indonesia’s conducting studies to implement 50% biodiesel blend in 2026 Read More »
By Rishika Sadam, Praveen Paramasivam and Haripriya Suresh HYDERABAD (Reuters) – Thousands of investors in India are scrambling to recoup nearly $100 million after they were caught in a Ponzi scheme that duped them into making short-term investments promising high returns, according to a police statement and multiple victims Reuters spoke to. Indian police arrested …
Thousands of Indian investors lose $100 million in Ponzi scheme, police say Read More »
By Fransiska Nangoy JAKARTA (Reuters) – Indonesia’s parliament on Tuesday passed a bill to revise the country’s mining law, aimed at boosting development of domestic mineral processing industries and regulating mining access for small businesses and religious groups. The amendment seeks to encourage the participation of smaller-scale firms in mining and to ensure ore supply …
Indonesia amends mining law to boost access, support processing Read More »
(Reuters) -Honda Motor will resume talks with Nissan Motor to form the world’s fourth-biggest automaker provided Nissan CEO Makoto Uchida steps down, the Financial Times reported on Tuesday citing a person familiar with discussions. Japan’s second- and third-largest automakers by sales after Toyota Motor had been in talks to create a $60 billion firm after …
Honda ready to revive takeover talks if Nissan CEO Uchida leaves, FT reports Read More »
By Francesco Guarascio and Phuong Nguyen HANOI (Reuters) – Vietnam plans to adopt rules that would allow Elon Musk’s Starlink to provide satellite internet services in the country while maintaining full ownership of any local subsidiary, a draft of the regulations shows. The change paves the way for Starlink to launch in Vietnam and follows …
Vietnam paves way for Musk’s Starlink, seen as “olive branch” amid US tariff threats Read More »
(Reuters) – Japan’s International Cooperation Agency (JICA) announced on Tuesday a $1 billion contribution to a fund aimed at boosting the private sector arm of the Inter-American Development Bank to finance sustainable growth across Latin America and the Caribbean. The move marks JICA’s largest private sector fund in the region and the first with IDB …
Japan’s JICA contributes $1 billion to IDB Invest for Latin America’s sustainable growth Read More »
BANGKOK (Reuters) – Thailand’s government will push for 3.5% economic growth this year and will seek to work closer with the central bank to support small businesses, Prime Minister Paetongtarn Shinawatra said on Tuesday. Commercial banks are profitable but lending to small businesses remains low, Paetongtarn said, adding that boosting credit access for small and …
Thailand’s central bank and government must work together, PM says Read More »
BEIJING (Reuters) – U.S. automaker Tesla said on Tuesday it has started mass production of the revamped version of its Model Y in its Shanghai factory. (Reporting by Beijing newsroom; Editing by Tom Hogue)
BEIJING (Reuters) – China’s political, economic and social environment is “very conducive” to the development of the private economy and policies will be implemented to help ease difficulties faced by private firms, an official from the country’s state planner told state broadcaster CCTV on Tuesday. The comments come after Chinese President Xi Jinping held a …
China’s current environment conducive to private economy, state planner says Read More »
