Asian Markets
LATEST NEWS FROM ASIAN MARKETS
Asian Markets
Yum China continues rapid expansion
KFC’s parent company in China reported an aggressive expansion of stores on Tuesday, riding the growth of China’s middle-class in relatively smaller cities that have few chain rest...
Asian Markets
China vows to step up financial support for key industrial sectors
China on Tuesday issued guidelines on financial support for key industrial sectors, vowing to guide banks to provide medium- and long-term financing for industries such as integrat...
Asian Markets
Japan to lower FY2025 GDP growth estimate due to US tariffs, Nikkei says
Japan's Cabinet Office will lower its fiscal 2025 gross domestic product real growth rate forecast from around 1.2% seen in January after factoring in the impact of U.S. tariff pol...
Asian Markets
Australia to provide $87.4 million bailout for Trafigura lead, zinc smelters
The Australian government said on Tuesday it will provide A$135 million ($87.4 million) in financial support for two smelters owned by Nyrstar, a unit of commodity trader Trafigura...
Asian Markets
Australia's TPG Telecom flags $1.9 billion payout to reset structure, cut debt
Australia's TPG Telecom said on Tuesday it would return A$3 billion ($1.94 billion) to shareholders as part of a broader plan to streamline its capital structure and reduce debt, s...
Asian Markets
Trading Day: Stocks bounce back, bonds more cautious
Making sense of the forces driving global markets
Asian Markets
MUFG head sees chance of Bank of Japan rate hike in October
The Bank of Japan may hike interest rates as early as October, as trade-related uncertainty has started to recede and domestic inflationary pressure is relatively high, the CEO of ...
Asian Markets
Japan's JFE Holdings first-quarter profit down 74%, misses forecasts
JFE Holdings , parent of Japan's second-biggest steel maker, posted 7.1 billion yen ($48 million) in net profit on Monday for the three months ended on June 30, down 74% from a yea...
Asian Markets
Japan's Mitsubishi Q1 profit down 43%, beats expectations
Japanese trading house Mitsubishi on Monday posted a net profit of 203.1 billion yen ($1.4 billion) in the three months to June 30, down 43% from a year ago but beating analysts' f...
Asian Markets
Food businesses offset commodity price hits at Japanese trading houses
Higher profits at the diversified food businesses run by Japanese trading houses offset weaker performances at their commodities units, disclosures by Mitsui, Marubeni and Itochu s...
Asian Markets
Japan alarmed over recent FX moves, its finance minister says
Japan's Finance Minister Katsunobu Kato said on Friday that its authorities have been alarmed over recent foreign exchange moves, after the yen fell to four-month lows against the ...
Asian Markets
BOJ Governor Ueda's comments at news conference
The Bank of Japan kept interest rates steady on Thursday and raised its inflation forecast for the current fiscal year, signalling cautious optimism that Japan's trade deal with th...
Asian Markets
Investors react to BOJ decision to keep rates steady
The Bank of Japan kept interest rates steady on Thursday and raised its inflation forecast for the current fiscal year, signalling cautious optimism that Japan's trade deal with th...
Asian Markets
Toyota supplier Denso's quarterly profit falls on tariffs, strong yen
Japan's Denso , a leading auto parts supplier to Toyota , posted a bigger-than-expected 11% decline in first-quarter profit on Friday, hit by U.S. tariffs and a stronger yen.
Asian Markets
Japan's FX reserve account reaps record surplus in FY2024
Japan logged a record surplus of $36 billion from a special government account for foreign exchange reserves in the last fiscal year through March, thanks to solid returns on forei...
Asian Markets
Japan June retail sales rise 2.0% year/year
Japanese retail sales rose 2.0% in June from a year earlier, against the median market forecast for a 1.8% rise, government data showed on Thursday. To view full tables, go to the ...
Asian Markets
Nomura logs highest profit for a first quarter with 52% jump
Japan's Nomura Holdings said first-quarter profit surged 52% with its trading and investment banking divisions putting in a solid showing amid volatile global markets, while it als...
Asian Markets
BOJ may paint less gloomy view, signal rate-hike resumption
The Bank of Japan is set to hold off raising interest rates on Thursday but may offer a less gloomy view on the outlook after Tokyo's trade agreement with the U.S. last week, signa...
Asian Markets