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June 11, 2021

East Asia

China’s new home prices quicken in March

Reuters
BEIJING, April 16 (Reuters) – New home prices in China rose at a faster pace in March, data showed on Friday, even as authorities have taken measures to further clamp down on property speculation. Average new home prices in 70 major cities grew 0.5% in March from a month earlier,......

BOJ’s Kuroda warns of lingering COVID pain on economy

Reuters
FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda speaks at a news conference in Tokyo, Japan, January 21, 2020. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Japan’s economy was picking up but any recovery was likely to be modest due to lingering caution over the coronavirus pandemic, Bank of Japan Governor Haruhiko......

South Korea aims to fight Japan’s Fukushima decision at world tribunal

Reuters
SEOUL (Reuters) – South Korea’s president ordered officials on Wednesday to explore petitioning an international court over Japan’s decision to release contaminated water from its wrecked Fukushima nuclear plant into the sea, amid protests by fisheries and environmental groups. FILE PHOTO: South Korean President Moon Jae-in speaks at the National......

S.Korea aims to fight Japan’s Fukushima decision at world tribunal

Reuters
SEOUL (Reuters) -South Korean President Moon Jae-in ordered officials on Wednesday to explore petitioning an international court over Japan’s decision to release water from its Fukushima nuclear plant, his spokesman said, amid protests by fisheries and environmental groups. FILE PHOTO: South Korean President Moon Jae-in speaks at the National Assembly......

China shares end higher as some IT firms pledge against anti-competition

Reuters
* SSEC 0.6%, CSI300 0.8% * HK->Shanghai Connect daily quota used 5.2%, Shanghai->HK daily quota used 0.7% * FTSE China A50 +0.5% BEIJING, April 14 (Reuters) – China shares rose on Wednesday, with IT firms leading the gains, as investors cheered internet platform companies pledging to avoid anti-competitive behaviours after......

Chinese Internet firms pledge to avoid anti-competitive behaviors

Reuters
FILE PHOTO: A Baidu sign is seen at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, October 20, 2019. REUTERS/Aly Song/File Photo BEIJING (Reuters) – A dozen Chinese Internet platform companies pledged to avoid anti-competitive behaviors such as forcing vendors to use their platform exclusively, according to a......

Toshiba shares surge on imminent CEO resignation, bidding war expectations

Reuters
TOKYO (Reuters) – Shares in Japan’s Toshiba Corp surged on Wednesday, propelled higher by reports of more plans of bids for the conglomerate and expectations that its embattled chief executive would soon resign. FILE PHOTO: Toshiba Corp CEO Nobuaki Kurumatani attends a news conference at the company’s headquarters in Tokyo,......

BOJ’s Kuroda says weak yen promises to benefit Japan’s economy

Reuters
FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda wearing a protective face mask attends a news conference as the spread of the coronavirus disease (COVID-19) continues in Tokyo, Japan, April 27, 2020, in this photo released by Kyodo. Mandatory credit Kyodo/via REUTERS TOKYO (Reuters) -Bank of Japan Governor Haruhiko Kuroda......

U.S. expresses support for Japan’s release of Fukushima nuclear plant water

Reuters
FILE PHOTO: The storage tanks for treated water are seen at the tsunami-crippled Fukushima Daiichi nuclear power plant in Okuma town, Fukushima prefecture, Japan March 1, 2021. REUTERS/Sakura Murakami TOKYO (Reuters) – The United States on Tuesday said Japan “appears to have adopted an approach in accordance with globally accepted......

Instant View: India’s retail inflation rises to 5.52% in March

Reuters
(Reuters) – India’s retail inflation rose to 5.52% in March from a year earlier, government data released on Monday showed. A vendor waits for customers at his shop inside a vegetable market in Kolkata, India, February 12, 2020. REUTERS/Rupak De Chowdhuri/Files Analysts in a Reuters poll had predicted annual inflation......

China’s Ant Group to become financial holding company: central bank

Reuters
FILE PHOTO: A thermal imaging camera is seen in front of a logo of Ant Group at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song/File Photo BEIJING (Reuters) – Ant Financial, the fintech affiliate of Alibaba Group Holding Ltd,......

China regulators fine Alibaba $2.75 billion for anti-monopoly violations

Reuters
FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter/File Photo/File Photo SHANGHAI (Reuters) -Chinese regulators have fined Alibaba 18 billion yuan ($2.75 billion) – around 4% of its revenues in 2019 – for violating anti-monopoly rules and abusing its......

U.S. issues guidelines to deepen relations with Taiwan

Reuters
WASHINGTON (Reuters) -The U.S. State Department said on Friday it had issued new guidelines that will enable U.S. officials to meet more freely with officials from Taiwan, a move that deepens U.S. relations with Taipei amid stepped up Chinese military activity around the island. FILE PHOTO: U.S. State Department spokesman......

Moldova to buy 400,000 doses of Sinovac COVID-19 vaccine

Reuters
CHISINAU, April 9 (Reuters) – Moldova will buy 400,000 doses of the Chinese Sinovac coronavirus vaccine, the health ministry said in a statement on Friday. Moldova and neighbouring Ukraine, two of Europe’s poorest countries, have lagged behind the rest of the continent in the scramble for vaccines and welcomed donations......

China’s auto sales surge 75% in March, 12th straight monthly gain

Reuters
Newly manufactured cars are seen at a port in Dalian, Liaoning province, China April 10, 2020. China Daily via REUTERS BEIJING (Reuters) – Auto sales in China surged in March for their 12th consecutive month of gains, as the world’s biggest car market leads the sector’s recovery from the COVID-19......

Japan stocks end higher on hopes for robust earnings season

Reuters
TOKYO, April 9 (Reuters) – Japanese shares closed higher on Friday, buoyed by growing expectations that companies will report healthy profits and issue upbeat forecasts as earnings reports start to roll in. The Nikkei 225 Index ended up 0.2% at 29,768.06, while the broader Topix gained 0.39% to 1,959.47. Stocks......

Japan industry minister denies raising 2030 emissions reduction target to 45%

Reuters
FILE PHOTO: Japan’s Economy, Trade and Industry Minister Hiroshi Kajiyama attends a news conference in Tokyo, Japan, September 16, 2020. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Japan’s industry minister said on Friday there was no truth to a media report that the government was aiming for a 2030 greenhouse gas (GHG)......

Djibouti president seen winning fifth term in election

Reuters
NAIROBI, April 9 (Reuters) – Voters head to the polls on Friday in the tiny but strategically important Horn of Africa nation Djibouti, with President Ismael Omar Guelleh widely expected to win a fifth term and extend his 21-year-long rule. Djibouti lies on one of the world’s busiest shipping routes,......

Taiwan says may shoot down Chinese drones in South China Sea

Reuters
TAIPEI (Reuters) – Taiwan has spotted Chinese drones circling the Taipei-controlled Pratas Islands in the South China Sea and may shoot them down if they stray too close, a government minister said on Wednesday, a move that could dramatically increase tensions with Beijing. Speaking at parliament, Lee Chung-wei, who heads......

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