Reuters Asia Business

Exclusive-Philippine rice buyers delay 350,000 tons of Vietnamese cargoes-sources

7 Feb 2025

SINGAPORE (Reuters) – Rice importers in the Philippines have delayed purchases of around 350,000 metric tons of Vietnamese rice and are in the process of renegotiating deals, after a steep decline in prices, two trade sources with direct knowledge of the deals said. “There has been a big drop in Vietnamese rice prices in the …

Exclusive-Philippine rice buyers delay 350,000 tons of Vietnamese cargoes-sources Read More »

US service member, three contractors killed in Philippines aircraft crash

7 Feb 2025

WASHINGTON/MANILA (Reuters) -One U.S. military service member and three defense contractors were killed on Thursday when their aircraft crashed in the southern Philippines, the U.S. military said. In a statement, the Indo-Pacific Command (INDOPACOM) said the aircraft, which was contracted by the U.S. military, had been carrying out intelligence and surveillance support at the request …

US service member, three contractors killed in Philippines aircraft crash Read More »

Oil, gas traders to seek tariff waivers from Beijing for US imports, sources say

7 Feb 2025

By Chen Aizhu, Florence Tan and Emily Chow SINGAPORE (Reuters) – Oil and gas traders are likely to seek waivers from Beijing over tariffs that the Chinese government plans to impose on U.S. crude and liquefied natural gas (LNG) imports from February 10, trade sources said on Thursday. Shortly after tariffs on China imposed by …

Oil, gas traders to seek tariff waivers from Beijing for US imports, sources say Read More »

IMF warns Japan of spillovers from rising foreign market volatility

7 Feb 2025

By Leika Kihara TOKYO (Reuters) – Japan should be on alert for any spillover effects from rising foreign market volatility that could affect liquidity conditions for its financial institutions, the International Monetary Fund said on Friday. The IMF also said the country needed to be vigilant about monitoring any fallout from the Bank of Japan’s …

IMF warns Japan of spillovers from rising foreign market volatility Read More »

IMF expects BOJ to raise rates again this year, eye neutral level by end-2027

7 Feb 2025

By Leika Kihara TOKYO (Reuters) – The Bank of Japan is likely to raise interest rates again this year and see borrowing costs reach levels deemed neutral to the economy by the end of 2027, a senior International Monetary Fund official said on Thursday. While there is significant uncertainty around the estimates, the IMF sees …

IMF expects BOJ to raise rates again this year, eye neutral level by end-2027 Read More »

Brazil chemical firm Unigel denies report of planned Singapore IPO

7 Feb 2025

SAO PAULO (Reuters) -Brazilian chemical firm Unigel said on Thursday it had no plans to launch an initial public offering in the short term, after newspaper Valor Economico reported that Unigel could soon go public in Singapore. Unigel’s creditor-approved business plan “allows for the listing of existing shares, not a public offering as mentioned in …

Brazil chemical firm Unigel denies report of planned Singapore IPO Read More »

Trump’s tariffs on China bite US bargain-hunting online shoppers

7 Feb 2025

By Lisa Baertlein, Arriana McLymore and Helen Reid LOS ANGELES/NEW YORK (Reuters) – On Wednesday, Matthew Cannon’s college-age daughter forwarded him a request from delivery company DHL asking for duties and fees of $45.19 tied to her order from Australian fashion seller I.Am.Gia. She wanted to know if it was a scam. She had ordered …

Trump’s tariffs on China bite US bargain-hunting online shoppers Read More »

SingTel secures $476 million green loan to develop data centre

7 Feb 2025

(Reuters) – Singapore Telecommunications (SingTel) said on Friday that it had secured a S$643 million ($476.16 million) green loan to finance the development of a new 58 megawatt (MW) data centre in the city-state. Lenders DBS Group, OCBC, Standard Chartered, HSBC, and United Overseas Bank have financed the five-year loan, SingTel said in a statement. …

SingTel secures $476 million green loan to develop data centre Read More »

Morning Bid: India eyes historic rate cut, global easing momentum mounts

6 Feb 2025

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets.  Investors are anticipating India’s first interest rate cut in nearly five years on Friday, which would be the latest move from major central banks around the world that points to a renewed desire to loosen policy and lower borrowing costs. The …

Morning Bid: India eyes historic rate cut, global easing momentum mounts Read More »

Close Bitnami banner
Bitnami