By Marco Aquino and Eduardo Baptista LIMA/BEIJING (Reuters) – In South American copper giant Peru, the incoming Donald Trump White House will find itself already on the losing side in a trade battle with China, part of a bigger power realignment around the resource-rich region in Washington’s backyard. Peru, the world’s no. 2 copper exporter, …
In South America, Trump already losing a trade battle with China Read More »
BEIJING (Reuters) – China’s finance ministry frontloaded a budget of 56.6 billion yuan ($7.87 billion) to support urban affordable housing projects, according to state media on Monday. This part of 2025’s central government fiscal funds will be used for affordable housing and the renovation of urban villages, old residential quarters and shanty towns. ($1 = …
China frontloads a budget of $7.87 billion to support urban affordable housing projects Read More »
By Jaspreet Kalra MUMBAI (Reuters) – Global investors are likely to find relative safety in India’s financial markets from the spillover of Donald Trump’s economic policies, including from any protectionist trade policies that could spark emerging market volatility. Trump’s decisive election victory last week and his impending return to the White House next month has …
Investors see safety in India as Trump win casts shadow on emerging markets Read More »
By Anton Bridge TOKYO (Reuters) – Japanese technology investor SoftBank Group is expected to report a 287 billion yen ($1.87 billion) quarterly profit on Tuesday, boosted by successful portfolio company listings and a stronger yen. Analysts are also looking out for signs of new investment momentum driven by SoftBank’s robust balance sheet and management’s bullish …
SoftBank expected to book $1.87 billion profit on IPOs Read More »
(Repeats story to fix formatting issues.) SHANGHAI (Reuters) -Stellantis and its Chinese partner Leapmotor have scrapped a plan to make a second electric vehicle model at the European automaker’s plant in Poland, two people with knowledge of the matter told Reuters. The joint venture is instead considering using a Stellantis factory in Eisenach, Germany that …
Stellantis, partner Leapmotor scrap plan to make second EV model in Poland, sources say Read More »
SEOUL (Reuters) – The vice chairman of South Korea’s Financial Services Commission said on Monday he saw a much higher possibility of the domestic stock market winning a developed market status from global index provider Morgan Stanley Capital International (MSCI) next year. “There have been many improvements regarding stock market accessibility, which are expected to …
South Korea stock market closer to winning MSCI developed status, regulator says Read More »
JAKARTA (Reuters) – Indonesia has opened a six-month window until May 2025 for certain businesses to receive full loan forgiveness from state banks, a policy that aims to boost loan and economic growth, according to details of a new regulation. Indonesia’s President Prabowo Subianto last week signed off on a government regulation that allows state …
Indonesia gives small, medium businesses six-month window for loan forgiveness Read More »
MANILA (Reuters) – Philippine President Ferdinand Marcos Jr. signed into law on Monday a bill lowering corporate income tax rates and granting more fiscal incentives to qualified companies, in a move aimed at enticing foreign investors to do business in the country. Despite being one of Asia’s fastest-growing economies, the Philippines has been a laggard …
Philippines’ Marcos signs tax reform law to lure foreign investment Read More »
TAIPEI (Reuters) – Taiwanese businessman Robert Tsao said on Monday he would sue in a Taiwan court senior Chinese officials over sanctions they had placed on him, saying he was seeking to counter China’s intimidation of lawful activity. China, which claims Taiwan as its own territory, last month said it would punish and sanction Tsao, …
Taiwan businessman Tsao to sue Chinese officials over sanctions Read More »
SEOUL (Reuters) – A South Korean state-run think tank said on Monday that monetary policy needed to be loosened in accordance with the slowing trend in inflation, which has weakened to a near four-year low that is well below the central bank’s target. “There is a need to adjust the degree of restrictiveness in monetary …
South Korea state-run think tank sees need to loosen monetary policy Read More »
