Reuters Asia Business

TOKYO (Reuters) – Japan is set to back the former top financial diplomat Masato Kanda as a candidate for the next president of the Asian Development Bank (ADB), the Yomiuri newspaper reported on Monday. Masatsugu Asakawa, the current president of the Manila-based ADB since 2020 and also previously the top Japanese financial diplomat, plans to …

Japan to back ex-FX tsar Kanda as Asian Development Bank chief, Yomiuri reports Read More »

By Sudarshan Varadhan NUSA DUA, Indonesia (Reuters) -Indonesia is still waiting for cheaper financing to hasten early retirement of coal-fired power plants under a pact with the rich nations of the G7 grouping, senior government officials said on Monday, in the transition to cleaner electricity. The Southeast Asian nation of more than 275 million had …

Indonesia has yet to receive promised G7 funds to reduce coal use Read More »

BEIJING (Reuters) – China on Sunday said it would the allow the establishment of wholly foreign-owned hospitals in nine areas of the country including the capital, as Beijing tries to attract more foreign investment to boost its flagging economy. In a document on the official website of China’s commerce ministry, it said the new policy …

China plans to allow wholly foreign-owned hospitals in some areas Read More »

BEIJING (Reuters) – China is “dissatisfied” with the Dutch goverment’s decision to expand export controls on ASML chipmaking equipment, the Chinese commerce ministry said in a statement on Sunday. The Dutch government on Friday said it would expand export licensing requirements for ASML’s 1970i and 1980i DUV (Deep Ultraviolet) immersion lithography tools, aligning its rules …

China says “dissatisfied” with new Dutch export controls on ASML chipmaking tools Read More »

By David Lawder (Reuters) -U.S. Treasury Secretary Janet Yellen said on Saturday that she is “probably done” serving at the highest levels of government after President Joe Biden’s term ends in January, but will likely meet again soon with her Chinese counterpart. Asked at the Texas Tribune Festival in Austin, Texas whether she was “done” …

Yellen ‘probably done’ when Biden ends term, may meet Chinese counterpart soon Read More »

SHANGHAI (Reuters) – A modern China with a huge population is an opportunity, not a threat, for the United States, China’s Ministry of Commerce reported commerce vice minister Wang Shouwen as saying on Saturday as trade talks were held in the city of Tianjin. The talks, co-chaired by U.S. Under Secretary of Commerce for International …

China says its huge market is opportunity not threat to US Read More »

TOKYO (Reuters) – Japan’s first casino resort is likely to open in the western city of Osaka in late 2030 as a main operator is planning to waive its right to withdraw from the project without penalty, local media reported on Saturday. The operator, Osaka IR KK, will begin preparatory work at the end of …

Japan’s first casino resort likely to open in late 2030 – report Read More »

BANGKOK (Reuters) – Thailand’s Prime Minister Paetongtarn Shinawatra said on Saturday her new government will seek to stimulate the economy “right away” and will continue with the policies of former premier Srettha Thavisin. She held a special cabinet meeting earlier in the day to prepare policies that will be delivered at a 2-day meeting of …

Thailand’s PM Paetongtarn vows to stimulate the economy “right away” Read More »