Reuters Asia Business

By Laura Matthews NEW YORK (Reuters) -The dollar pared some losses against major peers on Wednesday but stayed weaker as cooler-than-expected data eased fears that inflation was accelerating and increased the chances the Federal Reserve could cut interest rates twice this year. The Bureau of Labor Statistics showed consumer prices rose 2.9% in the 12 …

Dollar ends session weaker as inflation eases; yen firms on BOJ talk Read More »

By Lisa Baertlein and Ellen Zhang LOS ANGELES/BEIJING (Reuters) -U.S. imports from China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics ahead of President-elect Donald Trump’s plan to impose new tariffs that could revive a trade war between the world’s economic superpowers. Trump, who has threatened to slap …

US importers rush in goods from China as Trump tariff threat looms Read More »

By Nicole Jao (Reuters) -Oil prices rose more than 2% on Wednesday, supported by a large draw in U.S. crude stockpiles and potential supply disruptions caused by new U.S. sanctions on Russia, while a Gaza ceasefire deal limited gains. Brent crude futures settled $2.11, or 2.64%, higher at $82.03 a barrel, the highest since August …

Oil rallies, settles at multi-month high on US crude draw, Russia sanctions Read More »

By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department said Wednesday it is imposing new export controls on biotechnology equipment and related technology because of national security concerns tied to artificial intelligence and data science. Washington has raised concerns that China could use U.S. technology to strengthen military capabilities and help design new weapons …

US imposing new export controls on biotech equipment over China concerns Read More »

COPENHAGEN (Reuters) – Finland’s Nokia said on Wednesday it had signed a multi-year patent license agreement with Samsung , for the use of Nokia’s video technologies in the South Korean company’s televisions. Under the agreement, Samsung will make royalty payments to Nokia, the Finnish company said in a statement. The new deal is separate from …

Nokia signs multi-year patent license agreement with Samsung Read More »

By Florence Tan, Trixie Yap and Chen Aizhu SINGAPORE (Reuters) -Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider U.S. sanctions on Russia’s fleet and traders’ demand for ships to load Middle East oil for Asia, industry sources said on Wednesday. On Tuesday, Shell booked three Very …

Tanker rates extend rally on sanctions, demand to load Mideast oil, products Read More »

By Kentaro Sugiyama and Leika Kihara TOKYO (Reuters) -The Bank of Japan will debate whether to raise interest rates next week, Governor Kazuo Ueda said on Wednesday, signalling its intention to take borrowing costs higher barring a Trump-driven market shock. The remarks, which echo those made by BOJ Deputy Governor Ryozo Himino on Tuesday, pushed …

BOJ chief Ueda signals rate hike chance next week, yen jumps Read More »

By Liz Lee BEIJING (Reuters) -China and Sri Lanka agreed on more investment and economic cooperation on Wednesday as China’s President Xi Jinping met recently-elected Sri Lankan President Anura Kumara Dissanayake in Beijing. The countries signed 15 cooperation documents, including agreements on economic and technological development and aligning China’s ‘Belt and Road Initiative’ with Sri …

China, Sri Lanka agree more investment and economic cooperation Read More »