Asia Business

Saudi's Al Rajhi Bank Q1 net profit rises 21 pct

15h22 Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported a 21 percent rise in first-quarter net profit on Tuesday, helped by higher special commission income and fees.. . .  Full story

Earnings aid Saudi, real estate hurts Egypt

15h12 Saudi Arabia's stock market rose on Tuesday, lifted by a slew of corporate announcements, while Egypt's blue-chip index was pulled down by its real estate shares. Saudi Arabia's index added 0.4. . .  Full story

Indonesia's PLN chief named suspect in power project graft case

13h32 The chief executive of Indonesian state electricity utility Perusahaan Listrik Negara (PLN) has been named a suspect in a graft case related to a power project, the country's Corruption Eradication Commission (KPK) said on Tuesday.. . .  Full story

Sheremetyevo airport's co-owners may sell 30 pct stake

13h30 Private shareholders in Moscow's Sheremetyevo airport may sell a 30 percent stake to raise money for a potential purchase of Russia's 30.5 percent holding at a later date, the chairman of Sheremetyevo's board Alexander Ponomarenko. . .  Full story

Malaysia's Leong Hup halves offer size, targets mid-May listing - sources

12h53 Malaysian poultry producer Leong Hup is targeting raising as much as $291 million in a scaled-down IPO in mid-May, sources with knowledge of the matter said, in what would be the Southeast Asian. . .  Full story

CLSA names U.S. head Gould as CEO to replace Slone who quit in March

12h15 Asia-focused broker CLSA has appointed Rick Gould as chief executive, replacing company veteran Jonathan Slone who resigned in March amid differences over strategy with the broker's state-backed Chinese parent CITIC Securities (CITIC).. . .  Full story

China c.bank likely to pause reserve cuts, but policy easing on track-sources

12h01 China's central bank is likely to pause to assess economic conditions before making any further moves to ease lenders' reserve requirements, after better-than-expected growth data reduced the urgency for action, policy insiders said.. . .  Full story

SE Asia Stocks-Indonesia leads gains; Philippines recovers most early losses

11h56 Indonesia led gains across Southeast Asian stock markets on Tuesday buoyed by prospects of steady economic growth in 2020, while Philippine markets ended slightly lower following a recovery in the country's largest stock.. . .  Full story

Singapore PM promotes expected successor to deputy

11h51 Singapore Finance Minister Heng Swee Keat was promoted to deputy prime minister on Tuesday, strengthening expectations he will take over as the next leader of the wealthy city-state.. . .  Full story

China to announce rules soon to regulate commercial rocket industry

11h39 China's national space agency said on Tuesday it will soon announce rules to regulate commercial rocket manufacturing, test flights and launches, state media reported, as the number of private startups in the nascent sector surged. . .  Full story

China state-owned firms' Q1 profits rise 15.6 pct

11h11 Profits earned by China's state-owned firms in the first three months of the year rose 15.6 percent from the same period a year earlier, the Ministry of Finance said on Tuesday.. . .  Full story

Hong Kong shares end flat; H-shares fall 0.3 pct

10h36 Shares in Hong Kong ended unchanged on Monday after a long holiday weekend, while H-shares lagged as a promise of policy fine-tuning from a top-level meeting chaired by President Xi Jinping added to investor. . .  Full story

Concerns on pace of policy easing drag China shares lower

09h33 Chinese shares ended a volatile session lower on Monday, extending sharp declines from the previous session, as investors worried that Beijing could slow the pace of policy easing following a stronger-than-expected economic performance. ** At the. . .  Full story

Nikkei edges up as mining, refinery stocks gain after oil hits 2019 highs

08h50 Japan's Nikkei average ended modestly higher on Tuesday, with oil-related stocks leading the gains after Washington moved to end all Iran sanctions waivers, while recent gainers such as Fast Retailing and Yaskawa Electric dropped on. . .  Full story

Sri Lankan shares dive in first day of trading after Easter Sunday attacks

07h53 The Sri Lankan stock index slumped 2.6 percent on Tuesday in its first day of trading after deadly Easter Sunday attacks that killed more than 300 people.. . .  Full story

India to get extra oil from major producers to make up for Iran oil loss - minister

07h48 India will get additional supplies from other major oil producing countries to compensate for the loss of Iranian oil, India's Petroleum and Natural Gas Minister Dharmendra Pradhan said on Tuesday.. . .  Full story

China shares extend declines on policy support concerns

06h45 Chinese shares edged lower on Monday, extending sharp declines hit in the previous session, but a see-saw trade reflected investor uncertainty over how much additional support Beijing will provide to the economy after growth beat. . .  Full story

Long-dated JGBs rise on pre-holiday buying, weaker stocks

06h37 Long-dated Japanese government bond prices gained on Tuesday as investors stepped up purchases ahead of the long Golden Week holiday and a lacklustre session in Tokyo stocks lifted the appeal of debt.. . .  Full story

China's March diesel, jet fuel exports rise, LNG imports decline

06h25 China's jet fuel exports surged 30 percent from a year earlier in March and diesel exports rose 14.2 percent, customs data showed on Tuesday, as the country's fuel surplus increased following the start up. . .  Full story

China's March scrap metals, waste and alumina trade

06h24 China's imports of scrap metal in March rebounded from the previous month's low, rising 56.25 percent to 250,000 tonnes, data from the General Administration of Customs showed on Tuesday. February's scrap. . .  Full story

Indian junk bonds make a comeback, issuance soars

05h42 Sales of Indian junk bonds have made a big comeback in 2019, almost tripling to hit a five-year high, boosted by a risk-on rally prompted by a dovish U.S. Federal Reserve that has given. . .  Full story

Fast track: Indonesia, Malaysia rail projects may give China more deals

05h23 In a rural part of Indonesia's Java island, two orange-clad workers confer in Mandarin over plans to lay tracks on a stretch of a $6 billion high-speed rail project between the capital Jakarta and. . .  Full story

S.Korea's Asiana Airlines to receive $1.4 bln support from creditors

04h35 South Korean creditors plan to provide 1.6 trillion won ($1.40 billion) in financial support to debt-laden Asiana Airlines Inc, the country's finance minister said on Tuesday, alleviating liquidity problems after a bruising month.. . .  Full story

Nikkei slips as Fast Retailing drops on profit-taking; mining shares jump

04h25 Japan's Nikkei slipped on Tuesday as investors took profits on such recent gainers such as Fast Retailing and Yaskawa Electric, offsetting gains in oil shares which rallied after the U.S. abruptly moved to end. . .  Full story

Lean hog futures lower on weaker cash, long liquidation

00h38 U.S. hog futures declined on Monday on a mix of softer cash hog prices and technical selling after a run-up to contract highs earlier this month, traders said.. . .  Full story

JERA aims to double profit by FY25/26 with focus on LNG, renewable energy

22/04 JERA, Japan's biggest thermal power generator and the world's biggest buyer of liquefied natural gas (LNG), aims to double its profit by the financial year through March 2026 by stepping up investment in LNG. . .  Full story

Egypt expects borrowing needs to hit $48 bln in fiscal 2019/20 - document

22/04 Egypt expects its borrowing needs to reach 820.7 billion Egyptian pounds ($48 billion) in fiscal year 2019/20, a 26 percent increase from the previous year, the draft budget seen by Reuters showed.. . .  Full story

Ghosn lawyer requests bail after ex-Nissan chairman indicted for 4th time

22/04 Japanese prosecutors indicted Carlos Ghosn on Monday on another charge of aggravated breach of trust, a Tokyo court said, the fourth charge against the former Nissan Motor Co Ltd chairman, which his lawyers met immediately. . .  Full story

Morocco's annual inflation rises 0.8 percent in March

22/04 Morocco's annual inflation index rose by 0.8 percent in March, the high commission for planning said on Monday.. . .  Full story

China should fine-tune monetary policy based on economic growth, price changes - Xinhua

22/04 China should fine-tune monetary policy in a pre-emptive way based on economic growth and price changes, the official Xinhua News Agency said on Monday, citing a top-level meeting chaired by President Xi Jinping.. . .  Full story

SE Asia Stocks-Indonesia falls on profit-taking, most others end flat

22/04 Indonesian shares fell more than 1 percent on Monday as investors booked profits following last week's election-driven rally, while most other regional markets ended little changed. The Jakarta index fell 1.4. . .  Full story

China stocks fall most in nearly 4 weeks on worries Beijing may slow policy easing

22/04 China stocks fell from a 13-month high on Monday, posting their worst session in nearly four weeks, as comments from top policymaking bodies raised investor fears that Beijing will slow the pace of policy. . .  Full story

Bangladesh's second LNG storage, regasification ship moors off coast

22/04 Bangladesh's second liquefied natural gas (LNG) storage and regasification vessel has moored off the country's coast, the ship's operator said on the weekend, gearing up to help supply the nation with the super-chilled fuel.. . .  Full story

Japanese stocks edge up, MUFG falls on writedown worries

22/04 Japan's Nikkei edged up on Monday in choppy trade as investors stayed on the sidelines before the Golden Week holiday starts later in the week, while Mitsubishi UFJ Financial Group underperformed on a report. . .  Full story

JGBs edge higher as U.S. equity futures decline

22/04 Japanese government bond prices edged higher in thin trade on Monday as a decline in U.S. equity futures dampened risk appetite, boosting demand for debt.. . .  Full story

Indonesia c.bank seen holding key rate now, cutting it later this year

22/04 Indonesia's central bank will keep interest rates on hold on Thursday, a Reuters poll showed, though some economists say a rate cut to bolster economic growth is coming - and one sees a possible. . .  Full story

China's economic powerhouse Guangdong posts steady Q1 growth - media

22/04 Guangdong, China's top province by economic output, maintained a growth rate of 6.6 percent in the first quarter thanks to improving industrial production and infrastructure spending, the 21st Century Business Herald reported, citing local officials.. . .  Full story

China stocks fall from 13-month high on worries Beijing may slow policy easing

22/04 China stocks retreated from a 13-month high on Monday as comments from top policymaking bodies raised investor fears that Beijing will slow the pace of policy easing after some signs of stabilisation in the. . .  Full story

Japan's MUFG to book $890 mln charge as cashless competition impacts investment -Nikkei

22/04 Japan's MUFG will book a charge of about 100 billion yen ($893.34 million) in the year ended March after its credit card unit stopped development of a new system amid increased competition from cashless. . .  Full story

Nikkei edges up in choppy trade; MUFG falls on writedown worries

22/04 Japan's Nikkei edged up on Monday morning in choppy trade as investors stayed on the sidelines before the Golden Week holiday starts later in the week, while Mitsubishi UFJ Financial Group underperformed on a report. . .  Full story

Saudi Arabia, UAE grant $3 billion of support to Sudan

21/04 Saudi Arabia and the United Arab Emirates (UAE) said on Sunday they had agreed to send Sudan $3 billion worth of aid, throwing a lifeline to its new military leaders after protests led to. . .  Full story

Qatar Petroleum in 10-year naphtha sales deal with Thailand's SCG Chemicals

21/04 Qatar Petroleum said on Sunday it had concluded a 10 year sales agreement to supply Thailand's SCG Chemicals with a total of 3 million metric tons of light naphtha starting from this month.. . .  Full story

Saudi Arabia's Al Rajhi Bank to boost mortgage lending - CEO

21/04 Al Rajhi Bank, Saudi Arabia’s biggest Islamic lender, aims to boost mortgage lending as more affordable housing comes on the market, its chief executive told Reuters.. . .  Full story

Owner of Abu Dhabi's Al Hilal Bank appoints chairman and CEO

21/04 Abu Dhabi Islamic lender Al Hilal Bank said on Sunday its owner, the Abu Dhabi Investment Council, had appointed Alaa Eraiqat as the bank's chairman.. . .  Full story

Airport in Libya's Tripoli re-opens, authorities say

21/04 Libya has reopened Tripoli's only functioning airport, according to a posting on the airport authorities' Facebook page on Sunday.. . .  Full story

China finds more cases of African swine fever on Hainan island

21/04 China has detected new cases of African swine fever in six farms across four locations in Hainan province, the agriculture ministry said on Sunday, adding to two earlier cases of the contagious disease identified. . .  Full story

Erdogan's AKP lodges second call for rerun of Istanbul election -Anadolu

20/04 Turkey's ruling AK Party submitted a second petition to cancel and re-run Istanbul elections it lost three weeks ago, citing thousands of ballots cast by people it said were ineligible to vote due to. . .  Full story

India's HDFC Bank fourth-quarter profit up 22.6 pct to record high

20/04 India's HDFC Bank Ltd reported a record quarterly net profit of 58.85 billion rupees ($848 million) on Saturday, meeting market expectations as the country's biggest lender by market value raked in higher interest and fee. . .  Full story

Libyan El Sharara oilfield pumps around 285,000 bpd -field engineer

20/04 Libya's El Sharara, the country's biggest, oilfield was producing around 285,000 barrels per day, a field engineer said on Friday.. . .  Full story

India's SpiceJet to give hiring preference to employees of Jet Airways - Chairman

19/04 India's SpiceJet Ltd said on Friday it will prioritize hiring employees of Jet Airways Ltd who are losing their jobs after the crisis-hit Indian airline halted all flight operations indefinitely this week.. . .  Full story

Russian oil output at 11.24 mln bpd from April 1 to 18 - source

19/04 Russian oil production was around 11.24 million barrels per day (bpd) between April 1 and April 18, an industry source told Reuters on Friday.. . .  Full story

Italy's Eni signs exploration and production deal with Ras Al Khaimah emirate

19/04 Eni has signed an exploration and production sharing agreement with the emirate of Ras Al Khaimah, the Italian oil company's latest expansion in the Middle East.. . .  Full story

China further relaxes rules for index futures trading

19/04 China's financial futures exchange said on Friday it was further relaxing index futures trading rules,reducing margin requirements,cutting fees and allowing more trading activities.. . .  Full story

Malaysia to revive multi-billion dollar project linked to China

19/04 Malaysia said on Friday it will revive a multi-billion dollar property project to be built by a China-linked venture, nearly two years after it was cancelled.. . .  Full story

Japan's March factory output to shrink, BOJ seen keeping policy unchanged

19/04 Japan's March factory output is forecast to have slipped for the first time in two months, a Reuters poll showed on Friday, though the central bank is expected to stand pat on policy as. . .  Full story

China stocks rally to a near 13-month closing high

19/04 Chinese shares rallied on Friday afternoon in thin volumes from earlier profit-taking to end the day at a near 13-month closing high, with signs of an economic recovery in China contributing to a recent. . .  Full story

China to promote using wind energy to power heating

19/04 China on Friday said it would promote using energy generated by the wind to help power heating systems during the bitterly cold winters seen in many parts of the country.. . .  Full story

Despite headwind, Japan's Nomura says intent on going it alone

19/04 Japan's Nomura Holdings has no plan to follow the lead of Wall Street rivals and seek a tie-up with a commercial lender, its chief executive told Reuters, pledging to stay independent even as the. . .  Full story

Thailand plans $630 mln in economic measures to boost growth - FinMin

19/04 Thailand will introduce economic measures worth about 20 billion baht ($629.52 million) to spur its slowing economy, the finance minister said on Friday.. . .  Full story

Foreigners net buyers of Japanese stocks for 2nd week ending April 12

19/04 Foreigners were net buyers of Japanese stocks for a second consecutive week ended April 12, but concerns over U.S. tariffs on European Union and caution ahead of the domestic earnings season kept inflows in. . .  Full story

Nikkei posts 3rd weekly gain, Nintendo surges 14 pct

19/04 Japan's Nikkei rose on Friday as investors snapped up cyclical stocks, while Nintendo jumped after Tencent won approval to sell its Switch console in China.. . .  Full story

Premium New Zealand honey producer admits adding chemicals - media

19/04 A New Zealand company pleaded guilty on Thursday to charges of adding artificial chemicals to its premium manuka honey, media reported, in a flagship prosecution over a product that is high-value export for the country.. . .  Full story

Chinese shares barely changed as investors take a breather

19/04 China's benchmark equity index inched lower on Friday, while blue-chips edged higher, as investors await clearer signs of a sustainable economic recovery and a resolution to a long-running trade war with the United States.. . .  Full story

JGB yields rise as BOJ trims debt purchase amount

19/04 Yields on long-dated Japanese government bonds rose on Friday after the Bank of Japan (BOJ) trimmed the amount of debt it offered to buy at a regular market operation.. . .  Full story

Fukushima owner to allow overseas staff to work on disaster cleanup

19/04 Tokyo Electric Power plans to allow overseas workers coming to Japan under a new visa programme to work on the cleanup of its wrecked Fukushima nuclear power station north of Tokyo, a spokeswoman said. . .  Full story

Nikkei buoyed by cyclical stocks; Nintendo jumps 16 pct

19/04 Japan's Nikkei rose on Friday morning as Wall Street gains raised risk appetite and lifted cyclical stocks, while Nintendo jumped after Tencent won approval to sell its Switch console in China.. . .  Full story

Nintendo shares jump 17 percent after Tencent wins key China Switch sales approval

19/04 Nintendo Co Ltd shares jumped 17 percent in morning Tokyo trade on Friday, a day after China's Tencent Holdings Ltd won a key approval to begin selling Nintendo's Switch console in the world's largest video. . .  Full story

China cenbank's maturing bills, repos next week

19/04 Maturing Chinese central bank reverse bond repurchase agreements will drain 300 billion yuan ($44.72 billion) next week. The People's Bank of China (PBOC) has drained 540 billion yuan on a net. . .  Full story

China cenbank weekly open market operations at a glance; PBOC drains 540 bln yuan YTD

19/04 The People's Bank of China (PBOC) has drained 540 billion yuan ($80.50 billion) on a net basis from money markets via open market operations (OMOs) so far this year.. . .  Full story

Japan inflation edges higher but BOJ still in a bind

19/04 Japan's core inflation picked up slightly in March from a year earlier, but remained distant from the Bank of Japan's ambitious 2 percent target in a sign of rising pressure on the central bank.. . .  Full story

Muted markets raise questions about China's economic recovery

19/04 Investors were relieved this week when China's first-quarter economic data defied expectations for a further cooling in growth. Yet the subdued reaction in stock markets, especially in China, has called into question the durability of. . .  Full story

Japanese firms want tax hike to proceed, but urge more stimulus to soften economic blow

19/04 More than 60 percent of Japanese companies want authorities to go ahead with a sales tax hike in October, but feel that additional government spending is needed to cushion the blow on the economy,. . .  Full story

Lebanese banks should play role in reducing deficit -finance minister

19/04 Lebanon's finance minister said on Thursday that Lebanese banks should play a role in reducing the state's budget deficit to complement measures planned by the government to rein in public spending.. . .  Full story

Deferred hog futures set contract highs for fourth day on China demand

19/04 U.S. hog futures set new contract highs in deferred months for a fourth consecutive day on Thursday on expectations of increased demand from China, before prices pulled back.. . .  Full story

Bosnia picks an Azeri-Bosnian consortium to build a highway section

18/04 Bosnian regional motorways company Autoceste FBiH has chosen an Azeri-Bosnian consortium to build a section of a pan-European north-south highway, worth a total of 76 million euros ($85.45 million), a company official said on Thursday.. . .  Full story

Bulgaria says Oman has withdrawn arbitration claim over Corpbank

18/04 Oman's sovereign wealth fund has withdrawn an 80 million euro ($89.98 million) claim against Bulgaria over the collapse of Corporate Commercial Bank (Corpbank), the Bulgarian finance ministry said in a statement on Thursday.. . .  Full story

Visual China fined over false photo copyright claims

18/04 Visual China Group Co Ltd , the largest Chinese stock images provider, said on Thursday that a subsidiary has been fined by internet authorities, days after it falsely claimed copyright of prominent images.. . .  Full story

India to surpass UK as second-most targeted country for payment card fraud - report

18/04 India will likely surpass the United Kingdom to become the second-most targeted country for payment card fraud this year, a research firm said, highlighting inadequate defense against cyber crime at financial institutions in the country.. . .  Full story

Egypt's Banque du Caire eyeing sale of 20-30 pct stake for $300-400 mln

18/04 The head of Egypt's Banque du Caire said on Thursday the bank was aiming to raise $300-400 million by selling a 20-30 percent stake by the end of 2019.. . .  Full story

India's richest man backs candidate from main opposition party

18/04 India's wealthiest man and its richest banker are backing a politician of Congress, the main opposition party, in general elections, a rare public endorsement by two of the country's most influential businessmen.. . .  Full story

Asia Gold-China premiums bounce to 2-year highs as prices dip, yuan gains

18/04 Gold premiums in top consumer China jumped to their highest in more than two years, as a drop in global prices and strengthening yuan encouraged purchases amid optimism about the state of the economy.. . .  Full story

Abraaj founder's extradition case adjourned, another former exec arrested-court official

18/04 A case in a London court to extradite Arif Naqvi, the founder of collapsed private equity firm Abraaj, to the United States on fraud charges, was adjourned until April 26, a court official said. . .  Full story

COLUMN-China keeps buying crude oil for storage, but difficulties loom: Russell

18/04 China appears to have kept the flow of crude into strategic and commercial storage facilities at high levels in the first quarter, even as the price of oil climbed.. . .  Full story

Saudi Arabia oil exports fall to 6.977 mln bpd in Feb - JODI

18/04 Saudi Arabia's crude oil exports fell by 277,000 barrels per day (bpd) in February from the month before, official data showed on Thursday.. . .  Full story

Keppel plans to add 1,800 staff at offshore and marine business

18/04 Singapore conglomerate Keppel Corp is planning to 1,800 staff this year at its offshore and marine business, the first time the company is hiring for the division after cutting thousands of jobs since 2015.. . .  Full story

BOJ to predict inflation falling short of its target for 3 years - sources

18/04 The Bank of Japan is expected to forecast next week that inflation will remain below its 2 percent target through the fiscal year that ends in March 2022, sources say, a sign its massive. . .  Full story

No Southeast Asia stock market report on April 19

18/04 There will be no Southeast Asia stock market report on Friday, April 19, as most financial markets in the region will be closed for Good Friday.. . .  Full story

Hong Kong Airlines power struggle deepens amid allegations head office "stormed"

18/04 A power struggle at Hong Kong Airlines (HKA) intensified on Thursday as a group of shareholders accused a rival group representing indebted Chinese conglomerate HNA of storming the troubled airline's head office and taking away. . .  Full story

Indian Oil Corp seeks LNG cargo for June delivery - sources

18/04 Indian Oil Corp is seeking a spot liquefied natural gas (LNG) cargo for delivery in June, two industry sources said on Thursday.. . .  Full story

Moody's upgrades Egypt's rating to B2, expects more economic growth

18/04 Rating agency Moody’s has upgraded Egypt’s sovereign rating, saying ongoing economic reforms will help improve its fiscal position and boost economic growth.. . .  Full story

Hong Kong stocks end lower as investors take profits

18/04 Hong Kong stocks fell on Thursday to end below the 30,000-mark, a psychologically key resistance level, as investors booked profits while awaiting fresh catalysts following a spate of economic data this week that offered tentative. . .  Full story

Shenwan Hongyuan prices HK share offer at bottom of range, raises $1.2 bln-sources

18/04 Chinese securities firm Shenwan Hongyuan Group Co Ltd has priced its Hong Kong share offering at the bottom end of a marketed range, raising $1.16 billion, two people with direct knowledge of the matter said.. . .  Full story

Shanghai stocks retreat from 13-month high on profit-taking

18/04 Shanghai stocks retreated from a 13-month closing high to end lower on Thursday, as investors locked in gains following a strong rally underpinned by signs of an economic rebound.. . .  Full story

Tunisia reaches an agreement with IMF on fifth review of loan

18/04 The International Monetary Fund (IMF) said on Wednesday it had reached a staff-level agreement with Tunisia on the fifth review of a loan.. . .  Full story

Nikkei retreats from 4-1/2-month high; Canon slumps on profit warning

18/04 Japan's Nikkei retreated from a 4-1/2-month high on Thursday as defensive stocks fell and Canon tumbled on a report that it will cut its earnings forecast.. . .  Full story

JGB futures rebound from 3-month low; cash bonds gain

18/04 The benchmark 10-year Japanese government bond futures climbed on Thursday, rebounding from a three-month low hit the previous day, as Tokyo shares dipped on the back of profit-taking.. . .  Full story

Terry Gou's Taiwan presidential run fuels rally in Foxconn shares

18/04 Shares of Foxconn and its Shanghai and Hong Kong-listed units soared on Thursday as investors cheered news that the chairman of the world's largest contract manufacturer will run for president of Taiwan.. . .  Full story

China stocks dip as investors await fresh catalysts amid signs of nascent recovery

18/04 Shanghai stocks slipped on Thursday after previous session's 13-month closing high, as investors awaited fresh catalysts following a spate of economic data this week that offered tentative signs of an economic rebound.. . .  Full story

S.Korea central bank's revised economic forecasts for 2019, 2020

18/04 Following are the South Korean central bank's revised key economic forecasts for 2019, 2020 (percentage change from a year earlier unless stated):. . .  Full story

Nikkei retreats from 4-1/2-month high; Canon dives on earnings warning

18/04 Japan's Nikkei retreated from a 4-1/2-month high on Thursday as investors took profits, while Canon tumbled on a report that it will cut its earnings forecast, pressuring other stocks in the sector.. . .  Full story

Japan manufacturers' mood slumps to 2-1/2-year low - Reuters Tankan

18/04 Japanese manufacturers' business confidence slipped to a 2-1/2-year low in April, a Reuters poll showed on Thursday, underlining growing concerns the economy could slip into a recession in the face of slowing external demand.. . .  Full story