Reuters Asia Business

By Xinghui Kok and Yantoultra Ngui SINGAPORE (Reuters) – Singapore’s central bank on Friday loosened its monetary policy, the first such move since 2020, saying it expects inflation and growth to be slower than it initially forecast this year. The Monetary Authority of Singapore (MAS), which manages monetary policy by targeting the exchange rate rather …

Singapore central bank eases monetary policy, first time since March 2020 Read More »

By Krystal Hu DAVOS, Switzerland (Reuters) -U.S. businessman Frank McCourt is open to teaming up with other buyers on a bid to take over the U.S. operations of TikTok as long as he can maintain control of the asset, he told Reuters at the Davos event on Thursday.  The billionaire declined to share details on …

Billionaire McCourt says he is open to teaming up on a TikTok bid Read More »

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets.  Investors divert their focus away from Washington on Friday for the first time since President Donald Trump’s inauguration on Monday, towards Tokyo and the Bank of Japan, which is widely expected to raise interest rates to a 17-year high of 0.5%. …

Morning Bid: BOJ decides – ‘dovish hike’ incoming? Read More »

By Michael Martina WASHINGTON (Reuters) -U.S. lawmakers introduced a bipartisan bill on Thursday that would revoke China’s preferential trade status with the United States, phase in steep tariffs and end the “de minimis” exemption for low-value Chinese imports. The bill, introduced by John Moolenaar, the Republican chair of the House of Representatives’ select committee on …

US lawmakers seek to end China’s special trade status, import duty exemption Read More »

By Emma Farge GENEVA/DAVOS, Switzerland (Reuters) -The World Trade Organization chief said on Thursday that any tit-for-tat trade wars prompted by U.S. President Donald Trump’s tariff threats would have catastrophic consequences for global growth, urging states to refrain from retaliation. WTO Director-General Ngozi Okonjo-Iweala, a former Nigerian finance minister, starts her second term as head …

Trade wars sparked by Trump tariffs would be ‘catastrophic’, WTO chief says Read More »

By Marc Jones LONDON (Reuters) – Emerging markets could be seeing a dreaded “sudden stop” of capital flows as President Donald Trump’s ‘America First’ policies pump up the U.S. economy and suck money away from poorer countries, investment bank JPMorgan warned on Thursday. Analysts fear sudden stops in capital flows because they starve economies of …

Emerging economies facing “sudden stop” of capital flows, JPMorgan warns Read More »

By Divya Chowdhury and Rocky Swift DAVOS, Switzerland (Reuters) – Japanese companies remain bullish about investing in the United States but need to prepare for supply chain shocks that could arise during Donald Trump’s presidency, the chief executive of drinks giant Suntory Holdings said on Wednesday. Takeshi Niinami, who also heads one of Japan’s biggest …

Japan firms must prepare for Trump tariff fallout, Suntory chief says in Davos Read More »