TAIPEI (Reuters) – Economic growth in trade-dependent Taiwan was expected to have slowed in the fourth quarter coming off a higher base, though exports were robust on AI demand, a Reuters poll showed on Monday. Gross domestic product (GDP) in October-December was expected to have expanded 2% from a year earlier, slowing from 4.17% growth …
Taiwan fourth-quarter economic growth seen slowing to 2%- Reuters poll Read More »
(Reuters) – Chinese officials are working to stabilize the operations of China Vanke after liquidity stress and uncertainty over its CEO’s whereabouts caused turmoil in the firm’s bonds and shares last week, Bloomberg News reported on Monday. The property developer’s chief executive Zhu Jiusheng had been temporarily detained, the Economic Observer reported last week, citing …
Chinese officials work to stabilize Vanke amid liquidity stress, Bloomberg News reports Read More »
By Manvi Pant (Reuters) -Wipro’s shares surged about 8% on Monday, set for their best day in nearly four years, after India’s No. 4 IT services company joined its peers in signaling a revival in demand. The company beat third-quarter profit estimates on Friday and forecast revenue in the current quarter could increase sequentially by …
India’s Wipro eyes best day in four years on echoing IT peers’ demand revival hopes Read More »
By Wen-Yee Lee TAIPEI (Reuters) – Taiwanese contract laptop makers Compal and Inventec may expand into the United States with Texas eyed as one of the top locations, their executives say, as they prepare for President-elect Donald Trump’s threatened tariffs. Trump, who is set to become U.S. president again on Monday, has rattled companies and …
Taiwan’s Compal, Inventec mull US expansion to counter Trump tariffs Read More »
By Siddhi Nayak MUMBAI (Reuters) – The stock prices of Indian private lenders that have reported an increase in bad loans in their personal loans and micro-credit businesses are bearing the brunt of investors’ fears of a U-turn in the asset-quality cycle for the country’s banks. RBL Bank’s shares fell as much as 5.8% on …
Signs of rising asset quality stress spook Indian bank stocks Read More »
JAKARTA (Reuters) – Indonesia will rely more on private investors for its planned 71 gigawatt expansion in power capacity over the next decade, with the government to focus on transmission for renewable generation, the country’s energy minister said on Monday. Bahlil Lahadalia said state utility Perusahaan Listrik Negara’s (PLN) 2025-2034 power supply plan will include …
Indonesia wants more independent power plants under new energy plan Read More »
TAIPEI (Reuters) – Taiwan’s premier said on Monday the government faced a crisis in day-to-day operations, including national security, because of large cuts to this year’s budget proposed by opposition parties, who have cited a need to cut waste. Although Lai Ching-te won the presidential election last year, his Democratic Progressive Party (DPP) lost its majority in parliament, …
Taiwan’s premier says opposition’s budget cuts would cripple key government functions Read More »
By Leika Kihara TOKYO (Reuters) – The Bank of Japan is expected to raise interest rates on Friday barring any market shocks when U.S. President-elect Donald Trump takes office, a move that would lift short-term borrowing costs to levels unseen since the 2008 global financial crisis. A tightening in policy would underscore the central bank’s …
Bank of Japan poised to raise rates to highest in 17 years Read More »
SEOUL (Reuters) – South Korea’s central bank said on Monday its economic growth projection for 2025 was estimated between 1.6% and 1.7%, lower than the 1.9% it forecast in November. The cut of around 0.2 percentage points is due to political uncertainty triggered by President Yoon Suk Yeol’s short-lived Dec. 3 martial law attempt and …
By Kane Wu HONG KONG (Reuters) – British investment bank Barclays said on Monday it has appointed former Goldman Sachs banker Paul Johnson as head of equities for Asia Pacific. Based in Hong Kong, Johnson will lead Barclays’ equities business in the Asia Pacific region, focusing on equity derivatives, equity-linked financing, and electronic trading, while …
Barclays names ex-Goldman banker Paul Johnson as APAC head of equities Read More »
