Reuters Asia Business

HONG KONG (Reuters) – Hong Kong saw fresh records of home-buying from mainland Chinese in the first three-quarters following efforts by the financial city to attract foreign professionals and remove purchase curbs, major realtor Centaline Property Agency said. In the first nine months, 8,133 new and second-hand homes, representing 24% of total sales, were purchased …

Hong Kong sees fresh record home buying by mainland Chinese, realtor says Read More »

By Jihoon Lee SEOUL (Reuters) – South Korea’s export growth is expected to have slowed for a third straight month in October on signs of cooling global demand for computer chips, a Reuters poll showed on Wednesday. Outbound shipments from Asia’s fourth-largest economy are forecast to have risen 6.9% in October from a year earlier, …

S.Korea’s export growth set to slow for third month as demand for chips cool: Reuters poll Read More »

By Xinghui Kok SINGAPORE – Singapore’s longest serving central banker, Ravi Menon, will head a new non-profit to drive fintech innovation and growth globally, the Monetary Authority of Singapore (MAS) said on Wednesday. Menon, who led the central bank for 12 years until 2023 and is a strong proponent of financial technology, will chair the …

Singapore ex-central banker aims to spearhead global fintech growth with new non-profit Read More »

SINGAPORE (Reuters) – China’s CNOOC Ltd announced on Wednesday it has signed an Exploration, Development & Production Contract (EDPC) with Iraq’s state-run Midland Oil Company to explore for oil and gas at the Block 7 field in the Middle East nation. CNOOC Africa Holding Ltd, the state oil and gas company’s fully owned unit, will …

China’s CNOOC signs oil contract to develop Iraq’s block 7 Read More »

TOKYO (Reuters) – Toyota Motor said on Wednesday its worldwide production fell for an eighth straight month in September, as both sales and output declined in its two biggest markets, the United States and China. The Japanese automaker’s global output for September fell 8% compared to the same month a year earlier to 826,556 vehicles, …

Toyota worldwide output drops for 8th straight month in September Read More »

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets.  Markets in Asia appear to lack clear direction at the open on Wednesday, with investors still digesting the news of a potential 10 trillion yuan fiscal boost from China, while weighing the impact of a firm U.S. dollar and buoyant Treasury …

Morning Bid: China ‘bazooka’ fizzles, dollar on the march Read More »