Reuters Asia

By Leika Kihara and Takahiko Wada TOKYO (Reuters) -Japan’s consumer inflation held steady above the central bank’s target in March and an index excluding fuel costs rose at the fastest annual pace in four decades, data showed, indicating broadening price pressure in the world’s third-largest economy. The data may keep alive market expectations that the …

Japan’s broadening inflationary pressures test BOJ’s dovish stance Read More »

By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – South Korea’s economy narrowly escaped a recession in the first quarter of 2023, barely growing after shrinking in the fourth quarter, underscoring the challenge for policymakers trying to shore up growth, a Reuters poll found. Asia’s fourth-largest economy is expected to have expanded by a seasonally-adjusted 0.2% …

South Korea economy likely narrowly avoided recession in Q1: Reuters poll Read More »

By David Dolan TOKYO (Reuters) -Shares of Rakuten Bank Ltd surged by more than a third in their market debut on Friday, after the internet bank raised $625 million in Japan’s largest initial public offering (IPO) in more than four years. Shares were fetching 1,914 yen in Tokyo after spending the first hour of the …

Rakuten Bank surges in debut after raising $625 million in Japan’s biggest IPO in years Read More »

TOKYO (Reuters) – Japan’s manufacturing activity shrank at the slowest pace in six months in April on a softer decline in sales, while the service-sector stayed solid, a preliminary survey showed on Friday, suggesting a patchy post-COVID economic recovery. The au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) rose to a seasonally adjusted …

Japan’s factory activity shrinks at slowest pace in six months – PMI Read More »

WASHINGTON (Reuters) -Two dozen arms control advocates have urged President Joe Biden to use next month’s G7 summit in Hiroshima, which was hit by the first U.S. atomic bombing of World War Two, to reaffirm a U.S. commitment to nuclear disarmament and readiness for arms control talks with Russia and China. The advocates, including several …

Biden urged to deliver ‘historic’ arms control speech at G7 summit in Japan Read More »

By Doyinsola Oladipo (Reuters) – The California attorney general and the attorneys general of 17 other states on Thursday asked a federal regulator to recall Hyundai and Kia vehicles, saying they are more likely to be stolen because they lack safety features that are standard in other cars. Hyundai Motor Co and Kia Corp vehicles …

California, other states seek recall of Hyundai, Kia vehicles over theft Read More »

By Jonathan Stempel NEW YORK (Reuters) – An exiled Chinese businessman charged by U.S. prosecutors with leading a more than $1 billion fraud will remain in jail after a federal judge in Manhattan on Thursday rejected a proposed $25 million bail package. U.S. District Judge Analisa Torres said prosecutors had shown it more likely than …

U.S. judge denies bail to exiled Chinese businessman Guo Wengui in fraud case Read More »