HONG KONG (Reuters) – Chinese automaker BYD Co Ltd has restarted operations at two showrooms and a service centre in Hong Kong after they were vandalised earlier this week, BYD’s sole agent said in a notice on its website on Wednesday. Restoration work on another showroom in the outlying district of Yuen Long in the…
JAKARTA (Reuters) – Economists surveyed in a Reuters poll expect Indonesia’s May trade surplus to shrink from the previous month, following a decline in exports because of weakening commodity prices. The median expectation of the 19 economists was for the trade surplus in Southeast Asia’s biggest economy to fall to $3.02 billion from $3.94 billion…
By Kevin Buckland and Ankur Banerjee TOKYO/SINGAPORE (Reuters) – For Japan’s long term bond investors, an end to the Bank of Japan’s stifling control of market yields can’t come soon enough. Life insurance companies and pension funds in Japan have for months been positioning for an end to the BOJ’s ultra-loose yield-curve-control (YCC) policy, by…
SHANGHAI/SINGAPORE (Reuters) – China’s central bank is widely expected to cut the borrowing cost of medium-term policy loans for the first time in 10 months on Thursday, after it lowered two key short-term policy rates, a Reuters poll showed. The People’s Bank of China (PBOC) cut its seven-day reverse repo rate and standing lending facility…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand needs to keep increasing the supply of houses to address housing affordability, which is still a concern, the International Monetary Fund said on Wednesday, adding that land should be freed up to promote investment. “The cyclical downturn in (house) prices does not imply that the structural housing…
By Melanie Burton MELBOURNE (Reuters) – Australian lender ANZ Group is looking at opportunities to invest more in the critical minerals sector as part of its efforts to support decarbonisation and has recently backed its first stand-alone lithium deal, an executive said on Wednesday. ANZ has traditionally supported long-life, low-risk mine projects for Australia’s staple…
SEOUL (Reuters) – South Korea’s jobless rate fell in May to a record low, official data showed on Wednesday, indicating a still robust labour market although conditions were softer in the manufacturing sector amid slowing economic growth. The employment report provides a brighter backdrop to the country as it navigates external challenges from tighter monetary…
By Ayushman Ojha (Reuters) -New Zealand’s Auckland International Airport (AIA) said on Wednesday it has revised its dividend policy and will now pay its shareholders only 70% to 90% of underlying net profit after tax, sending its shares to their lowest in nearly five months. The revision is a downgrade from AIA’s previous policy to…
By Makiko Yamazaki and Maki Shiraki TOKYO (Reuters) -Toyota faces an unprecedented challenge at its annual shareholder meeting on Wednesday, with some pension funds voting against Chairman Akio Toyoda on governance issues, while seeking more disclosures on the Japanese automaker’s climate lobbying. The world’s top car maker has become a target in recent years for…
MANAGUA (Reuters) – Iranian President Ebrahim Raisi arrived in Nicaragua on Tuesday, according to state media, marking his second stop on a three-nation Latin American tour. Nicaragua’s Foreign Minister Denis Moncada received Raisi at the airport, state media said, adding the Iranian leader traveled with his wife and a delegation made up of ministers and…
