Reuters Asia Business

By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – The Bank of Korea will keep its key interest rate at 3.50% on Thursday and cut it next quarter after the U.S. Federal Reserve likely begins easing in September, according to a Reuters poll. The benchmark rate has been at 3.50% since January 2023. With inflation rising …

Bank of Korea to hold rates steady on Thursday, first cut seen in Oct: Reuters poll Read More »

By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) – Japan is ramping up promotional efforts to boost seafood exports to more destinations in Asia, the U.S., and Europe as it seeks to fill a sales gap left by a year-long Chinese import ban, the head of the Japan External Trade Organization said. China, previously the …

Japan looks to boost seafood exports to new markets after Chinese ban, trade body says Read More »

By Leika Kihara TOKYO (Reuters) – Japan’s dwindling working-age population is leading to structural changes in the labour market that are heightening pressure on firms to hike wages and services prices, the Bank of Japan said in two research papers released on Tuesday. The findings back up the central bank’s argument that broadening inflationary pressures …

BOJ highlights rising wage pressure from structural job market changes Read More »

SHANGHAI (Reuters) – China is expected to leave benchmark lending rates unchanged on Tuesday, a Reuters poll showed, after policymakers surprised global markets by trimming a string of key interest rates in July. Shrinking interest margins at lenders remain the key constraint discouraging commercial banks from further lowering the lending benchmarks, market watchers said, even …

China widely expected to keep lending benchmark LPRs unchanged in Aug: Reuters poll Read More »

By Summer Zhen HONG KONG (Reuters) – Trend-following hedge funds reversed their bearish views on Japanese stocks and started buying them late last week, J.P.Morgan analysts said in a note. Such hedge funds, known as commodity trading advisers or CTAs, use algorithms to profit from market trends. CTAs may have restored their positions in Nikkei …

Trend-following hedge funds returning to Japanese equities, J.P.Morgan says Read More »

By Miho Uranaka, Takaya Yamaguchi TOKYO (Reuters) -Japan’s national and Tokyo governments are seeking a 700 billion yen ($4.7 billion) valuation for Tokyo Metro as they prepare to list the subway operator as early as October-end, three sources said, in what would be the nation’s biggest IPO in roughly six years.  The two governments, which …

Exclusive-Japan, Tokyo governments target $4.7 billion valuation for Tokyo Metro in IPO, sources say Read More »

SINGAPORE (Reuters) -The yuan headed for its sharpest gain in two weeks on Monday, riding a wave of broad dollar selling as investors bet on U.S. rate cuts, but slid against a resurgent yen. China’s currency climbed as far as 7.1314 per dollar during afternoon trade and was last about 0.4% firmer at 7.1363, its …

Yuan up as dollar wobbles ahead of Jackson Hole Read More »

By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s economic expansion accelerated in the second quarter due to stronger consumption, tourism and exports, but analysts said policy uncertainty following a change in government clouds the outlook. Gross domestic product grew 2.3% in the April-June quarter from a year earlier, National Economic and Social Development Council …

Thai Q2 GDP beats forecast, but policy uncertainty clouds outlook Read More »

By Olga Popova and Gleb Bryanski MOSCOW (Reuters) – Russian pork producers are aiming to capture 10% of China’s pork import market in the coming years from a standing start, seeking to take advantage of trade tensions between the European Union and China, the world’s biggest pork consumer. Russia did not export any pork to …

Russian pork producers target EU’s share of China’s pork market Read More »