Reuters Asia Business

BEIJING (Reuters) – China will accelerate the pace of agricultural and rural modernization and stabilise grain planting area in its quest to ensure stable and high production of grains, state media reported on Wednesday, citing an annual rural policy meeting. The world’s biggest grains producer announced record grains production of 706.5 million metric tons this …

China to promote modernization of farms in pledge to stabilise grain output Read More »

(Reuters) – Hong Kong property developer New World Development is in talks with banks to extend the due dates of some bilateral loans, Bloomberg News reported on Wednesday, citing people familiar with the matter. The indebted company swung to an annual loss in 2024, as it grapples with the highest debt among its Hong Kong …

Hong Kong’s New World asks banks to extend loan due dates, Bloomberg News reports Read More »

PARIS (Reuters) – Renault shares surged 6% on Wednesday as analysts highlighted financial and strategic benefits for the automaker from a potential Honda and Nissan merger. Japan’s number two and three carmakers are in talks to deepen ties, including a possible merger, two people said, as they come under growing pressure from Tesla and Chinese …

Renault shares gain on Honda-Nissan tie-up talks Read More »

JAKARTA (Reuters) – Indonesia’s central bank said it will buy 150 trillion rupiah ($9.3 billion) of state bonds in the secondary market next year, more than replacing around 100 trillion rupiah of maturing bonds bought for a COVID-era programme, under a deal agreed with the government. Bank Indonesia (BI) bought tens of billions of dollars …

Indonesia cenbank to buy more govt debt in 2025 in deal over maturing COVID bonds Read More »

By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s central bank held its main interest rates steady on Wednesday, as expected by a narrow majority of analysts, to support the sliding rupiah, which hit a four-month low earlier in the day. Bank Indonesia (BI) held the benchmark rate at 6.00%, as predicted by 17 …

Indonesian central bank holds rates steady, rupiah hits fresh four-month low Read More »