By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Risk appetite in Asia should get a lift on Tuesday, as the feel-good factor sparked the previous day by a report that U.S. President-elect Donald Trump’s tariff agenda won’t be as aggressive as feared continues to ripple through world markets. Trump …
Morning Bid: Trump tariff doubt swirls, JGB yields in rarified air Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -The U.S. dollar was lower on Monday in choppy trading after conflicting reports about how aggressive President-elect Donald Trump’s tariff plans could be when he takes office. The dollar dropped as much as 1.07% on the session against a basket of major currencies after the Washington Post reported that …
Dollar down in choppy trade on Trump tariff confusion Read More »
By Sneha S K (Reuters) -China’s WuXi Biologics said on Monday it will sell its vaccine facility in Ireland to U.S. drugmaker Merck & Co for about $500 million, ahead of potential U.S. legislation that would restrict business for Chinese biotech companies. The U.S. House of Representatives passed the Biosecure Act in September, which would …
China’s WuXi Biologics to sell Irish vaccine facility to Merck as US curbs loom Read More »
By Anjana Anil and Ashitha Shivaprasad (Reuters) – Antimony prices are likely to hit record levels as consumers seek alternative supplies following China’s latest export ban with growing trade tensions changing the dynamics around markets for critical materials. Last month, China banned exports to the United States of critical minerals gallium, germanium and antimony. Prices …
China’s export ban to push antimony prices to new highs Read More »
By Samuel Shen and Summer Zhen SHANGHAI/HONG KONG (Reuters) -China’s stock exchanges and central bank rushed to defend a tumbling yuan and falling stock markets on Monday, trying to soothe investors concerned about Donald Trump’s return to the White House and Beijing’s ability to revive the economy. With two weeks before Trump begins a second …
China hurries to shore up sliding yuan and stock markets Read More »
By Noriyuki Hirata, Yuka Obayashi and Katya Golubkova TOKYO (Reuters) -Japan’s Nippon Steel may need to look at a revamp of its growth strategy after U.S. President Joe Biden blocked its proposed $14.9 billion acquisition of U.S. Steel, but its share price could bounce back in the near-term, analysts said. Shares in Nippon Steel fell …
JAKARTA (Reuters) – Indonesia’s state food procurement company Bulog has more than doubled its domestic rice procurement target for this year to 3 million metric tons from 1.27 million tons in 2024, Bulog data showed on Monday. The senior minister overseeing food affairs, Zulkifli Hasan, has said that Indonesia will not import rice this year …
Indonesia’s Bulog aims to procure 3 million tons of domestic rice Read More »
By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Monday the central bank will raise interest rates further if the economy continues to improve, though he stressed the need to consider various risks when deciding how soon to pull the trigger. Ueda last month cited uncertainty over …
BOJ’s Ueda vows to keep hiking rates with focus on risks Read More »
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) -Indonesia’s unaudited budget deficit for 2024 was smaller than the government’s earlier estimate, official data showed on Monday, providing a buffer for fiscal needs in 2025 after authorities cancelled a planned tax hike. Southeast Asia’s largest economy closed 2024 with a budget gap of 507.8 trillion rupiah …
Indonesia books lower-than-expected 2024 fiscal deficit Read More »
HONG KONG (Reuters) – Sunac China won support from holders of an onshore bond last week and will need approval from investors of two more bonds to implement debt restructuring, a source with direct knowledge of the matter said on Monday. The Beijing-based property developer, which used to be one of China’s largest, has already …
Sunac gains backing to restructure one more onshore bond, source says Read More »
