Reuters Asia Business

(Reuters) – Japanese investors increased their purchases of overseas bonds in the week ended Aug. 17, as diminishing worries about rapid rate hikes by the Bank of Japan soothed concerns over a strengthening yen and its negative impact on carry trades. Investors were also taking advantage of a stronger yen to purchase foreign bonds, following …

Japanese investors boost foreign bond purchases as rate-hike worries ease Read More »

(Reuters) – Bangladesh’s central bank will raise interest rates to 9% from 8.5% in the coming days in a bid to tame soaring inflation, the bank’s governor told the BBC in an interview published early on Thursday.  The move comes after weeks of political unrest in the country fuelled a sharp rise in inflation, touching …

Bangladesh to hike interest rates to 9% in coming days to tame inflation, cbank chief tells BBC Read More »

By Ankur Banerjee SINGAPORE (Reuters) – Malaysia is fast becoming a haven in Southeast Asia and foreign investors are returning to a long-overlooked market as a confluence of improving growth, stable government and rising currency sets it apart among peers grappling with political flux. Foreigners have steadily poured more money into Malaysian debt and stocks …

Malaysia shines as foreign investors return, peers stumble Read More »

By Cassandra Garrison MEXICO CITY (Reuters) -Chinese electric carmaker BYD has narrowed its list of finalists for the location of a manufacturing plant in Mexico down to three states, and has received a range of proposed incentives to build in each, the firm’s country head said on Wednesday. BYD’s Mexico head Jorge Vallejo told Reuters …

Chinese EV maker BYD eyes state incentives for Mexico plant Read More »

(Reuters) – PwC China has informed its clients it expects a six-month business ban by Chinese authorities as early as September as part of punishment for its audit of collapsed property developer Evergrande, the Financial Times reported on Wednesday. The ban would prevent it from signing off on financial results and initial public offerings and …

PwC braces for 6-month ban in China over Evergrande audit, FT reports Read More »

By Siddharth Cavale NEW YORK (Reuters) – Walmart’s stake in Chinese e-commerce firm JD.com was once central to its China strategy. Now it is tearing up that playbook by unloading its entire $3.74 billion stake in one of China’s biggest online retailers, in another example of the volatile nature of its relationship with China. The unshackling …

Analysis-Walmart tears up China online strategy with JD.com stake sale Read More »

SHANGHAI (Reuters) – Warnings by China’s central bank about excess exposure to long-dated sovereign bonds are aimed at curbing potential systemic risks if yields continue to fall, a senior official at a financial market association said. Beijing has stepped up intervention in its bond markets – the world’s second largest – in recent weeks, warning …

China central bank warnings on long-dated bonds aim to curb systemic risks, watchdog says Read More »

By Joe Cash BEIJING (Reuters) -Chinese state media threw its back behind China’s most successful single-player video game to date, saying its adaptation of the Ming dynasty epic “Journey to the West” would force Western players to learn more about the country’s culture. “Black Myth: Wukong”, based on a mythical monkey king from a Chinese …

China goes ape over culture-boosting ‘Black Myth: Wukong’ video game Read More »