Reuters Asia Business

SHANGHAI (Reuters) -China’s central bank summoned some fund managers on Friday to warn them against chasing a fervid bond rally, two sources said, amid worries that a bubble in bonds might undercut Beijing’s efforts to revive growth and manage a depreciating currency. Friday’s meeting is the latest in a string of warnings the People’s Bank …

China’s cenbank warns mutual funds against feeding bond frenzy, sources say Read More »

BEIJING (Reuters) – Shipments to China of foreign-branded smartphones, including Apple Inc’s iPhone, fell by 47.4% in November from a year earlier, according to data released on Friday from a government-affiliated research firm, down for the fourth month. Calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed that …

Apple’s China troubles mount as foreign phone sales sink for 4th month Read More »

JAKARTA (Reuters) -PT Freeport Indonesia (PTFI) is in discussions with the government about being able to continue copper concentrate exports until its new Manyar smelter returns to full operations, a spokesperson for the miner said on Friday. The company was allowed to export copper concentrate until the end of December, as its new smelter was …

Freeport Indonesia in talks with government on copper concentrate exports Read More »

By Kevin Yao and Liangping Gao BEIJING (Reuters) -China will sharply increase funding from ultra-long treasury bonds in 2025 to spur business investment and consumer-boosting initiatives, a state planner official said on Friday, as Beijing cranks up fiscal stimulus to revitalise the faltering economy. Special treasury bonds will be used to fund large-scale equipment upgrades …

China will sharply increase funding from treasury bonds to spur growth in 2025 Read More »

By Hyunjoo Jin SEOUL (Reuters) – South Korea’s Hyundai Motor Co and affiliate Kia Corp aim to grow their combined global sales by 2% to 7.39 million vehicles in 2025, after reporting a dip in 2024 sales and missing their targets. The automakers, which together rank third in global vehicle sales, sold 7.23 million vehicles …

Hyundai Motor, Kia Motor see uptick in 2025 sales after missing 2024 targets Read More »