Reuters Asia Business

Hong Kong’s July-September unemployment rate holds steady at 3%

18 Oct 2024

HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate stood at 3% in July-September, unchanged from the previous three-month period, the government said on Friday. The unemployment rate has kept steady at the 3% level since January-March period. “The overall labour market should remain tight in the near term,” Chris Sun, secretary for labour …

Hong Kong’s July-September unemployment rate holds steady at 3% Read More »

China rolls out $112 billion funding schemes to bolster stock market

18 Oct 2024

BEIJING/SHANGHAI (Reuters) – China’s central bank kicked off two funding schemes on Friday that will initially pump as much as 800 billion yuan ($112.38 billion) into the stock market through newly-created monetary policy tools. The People’s Bank of China (PBOC) spelt out operational details of the swap and relending schemes first announced in late September, …

China rolls out $112 billion funding schemes to bolster stock market Read More »

Exclusive-Samsung delays taking deliveries of ASML chip gear for its new US factory, sources say

18 Oct 2024

By Heekyong Yang, Hyunjoo Jin and Toby Sterling SEOUL (Reuters) – Samsung Electronics has postponed taking deliveries of ASML chipmaking equipment for its upcoming factory in Texas as it has yet to win any major customers for the project, three people familiar with the matter said. Samsung has been also holding off on placing orders …

Exclusive-Samsung delays taking deliveries of ASML chip gear for its new US factory, sources say Read More »

China Resources Beverage to raise $650 million from HK listing priced at top of range, sources say

18 Oct 2024

By Scott Murdoch and Julie Zhu SYDNEY (Reuters) – Drinks maker China Resources Beverage is set to raise $650 million from Hong Kong’s second largest initial public offering (IPO) this year, pricing it at the top of the range, two sources with direct knowledge of the matter said. The shares will be sold at the …

China Resources Beverage to raise $650 million from HK listing priced at top of range, sources say Read More »

Bank of Japan chief warns of unstable markets, global uncertainties

18 Oct 2024

By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan must focus on the economic impact of unstable markets and risks from overseas, Governor Kazuo Ueda said on Friday, suggesting the central bank was in no rush to raise interest rates further. Ueda said Japan’s economy was recovering moderately and likely to …

Bank of Japan chief warns of unstable markets, global uncertainties Read More »

China’s Q3 GDP hits weakest pace since early 2023, backs calls for more stimulus

18 Oct 2024

By Kevin Yao BEIJING (Reuters) – China’s economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and factory output figures beat forecasts last month a tumbling property sector remains a major challenge for Beijing as it races to revitalise growth. Authorities have sharply ramped up policy stimulus since …

China’s Q3 GDP hits weakest pace since early 2023, backs calls for more stimulus Read More »

Japan’s core inflation slows on fuel subsidies, demand-driven pressure intact

18 Oct 2024

By Leika Kihara TOKYO (Reuters) -Japan’s core inflation slowed in September due to the rollout of energy subsidies but an index excluding the effect of fuel held steady, a sign that broadening price pressure will keep the central bank on track to raise interest rates further. A Reuters poll, however, showed inflation in Tokyo – …

Japan’s core inflation slows on fuel subsidies, demand-driven pressure intact Read More »

Hong Kong marks busiest IPO week in nearly two years with China stimulus giving hope to dealmakers

18 Oct 2024

By Scott Murdoch and Kane Wu SYDNEY/HONG KONG (Reuters) – Hong Kong has recorded its busiest week for new IPO launches in almost two years with deals opened to raise up to $1.3 billion, giving bankers and investors confidence the two-year share sale freeze could be easing. Bankers and lawyers think China’s recent policy stimulus …

Hong Kong marks busiest IPO week in nearly two years with China stimulus giving hope to dealmakers Read More »

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