Reuters Asia Business

By Charlotte Greenfield ISLAMABAD (Reuters) – Pakistan’s prime minister on Wednesday welcomed a first-of-its-kind agreement with the World Bank for a plan to focus $20 billion in lending to the cash-strapped nation over the coming decade on development issues like the impact of climate change as well as boosting private-sector growth. Prime Minister Shehbaz Sharif …

World Bank makes 10-year plan with Pakistan for $20 billion in funding Read More »

TAIPEI (Reuters) – Taiwan’s exclusion from the new U.S. curbs on artificial intelligence (AI) chip and technology exports should “give confidence” about Taipei’s own controls and respect for the law, the island’s government said on Wednesday. The U.S. said on Monday it would further restrict AI exports, as it attempts to keep advanced computing power …

Taiwan says exclusion from new US curbs on AI tech should ‘give confidence’ Read More »

TOKYO (Reuters) – Japanese machine tool manufacturer Makino Milling Machine said on Wednesday that it asked Nidec to make changes to an unsolicited takeover bid announced last month. Makino said in a statement it asked Nidec to push back the tender offer launch date to May 9 from April 4, and to revise the minimum …

Japan’s Makino Milling requests changes to unsolicited bid from Nidec Read More »

BEIJING (Reuters) – China’s state planner pledged to crack down on black and grey industries that illegally obtain, sell or provide data, according to regulations published on Wednesday intended to improve data circulation security governance. As part of efforts to prevent data misuse, the authorities urged strengthening data security risk monitoring in key industries and …

China vows crackdown on illegal handling of data Read More »

SEOUL (Reuters) – South Korea’s capital markets in December experienced the largest foreign outflows since March 2020 as heightened political uncertainty hit investor sentiment, central bank data showed on Wednesday. Foreigners last month extended their South Korean stock market selloff to a fourth straight month by selling a net $2.58 billion. In the bond market, …

Foreigners sold South Korean equities last month by most since early 2020 Read More »

By Yoshifumi Takemoto TOKYO (Reuters) – Japan is likely to miss achieving its goal of running a primary budget surplus by the next fiscal year, according to three sources with knowledge of fresh fiscal estimates, as the minority government faces increasing pressure for more spending. The new estimate, to be released this week, knocks the …

Japan likely to miss primary budget surplus target for FY2025, sources say Read More »