Reuters Asia

China central bank set to cut key rate, boost liquidity Monday to aid economy

SHANGHAI/SINGAPORE (Reuters) -China’s central bank is expected to ramp up liquidity injections and cut a key interest rate when it rolls over maturing medium-term policy loans on Monday, as authorities try to get the shaky economy back on more solid footing. Expectations of monetary easing have heightened after major Chinese commercial banks lowered deposit rates …

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Taiwan election a relief for world markets, concern for local investors

By Tom Westbrook and Ankur Banerjee SINGAPORE (Reuters) -Taiwan’s election could allay global concerns about the island’s relations with China, while prompting a light selloff domestically on Monday as investors worry the result could hinder economic policy. Vice President Lai Ching-te won the presidency on Saturday, the third consecutive term for his ruling Democratic Progressive …

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Grifols says Haier Group still OK to buy stake in Shanghai RAAS

BARCELONA (Reuters) – Spanish pharma company Grifols said on Sunday evening Chinese home appliance maker Haier Group still plans to close the acquisition of a 20% stake in Shanghai RAAS Blood Products as announced in late December. Grifols currently owns 26.58% in Shanghai RAAS. Grifols quoted Haier Group’s chairwoman saying: “We continue to work to …

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India’s TCS to diversify to other markets amid US weakness

By Haripriya Suresh and Sai Ishwarbharath B BENGALURU (Reuters) – India’s No.1 software-services exporter Tata Consultancy Services is planning to focus more on markets such as Japan, Latin America and Southern Europe amid weakness in North America, its chief executive said. The plan to diversify more comes after the industry leader reported its slowest quarterly …

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Indonesia’s Marapi volcano erupts again, a month after deadly incident

AGAM, Indonesia (Reuters) – Indonesia’s Marapi volcano erupted on Sunday, with ash rising 1,300 metres (4,300 feet) from the peak six weeks month after a fatal eruption, according to the country’s geological agency. The volcano in West Sumatra province erupted at least twice by 0337 GMT on Sunday, the agency said, urging the evacuation of …

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China’s diplomats condemn foreign governments over Taiwan post-election remarks

By Eduardo Baptista BEIJING (Reuters) -China’s foreign ministry and its embassies around the world condemned foreign governments that congratulated Taiwan’s Democratic Progressive Party (DPP) and its president-elect Lai Ching-te after an election on Saturday. After the DPP’s presidential candidate Lai won the vote, several ministers and politicians in countries that share warm, if in most …

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North Korea fires missile, minister to visit Russia as tensions rise

By Ju-min Park and Makiko Yamazaki SEOUL (Reuters) -North Korea fired an apparent intermediate-range missile into the sea on Sunday, South Korea and Japan said, as tensions run high after Pyongyang’s recent launches of an intercontinental ballistic missile and its first military spy satellite. North Korea has stepped up pressure on Seoul in recent weeks, …

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