Tetsushi Kajimoto and Takahiko Wada (Reuters) TOKYO/OITA, Japan Bank of Japan's vocal advocate of reflationary policy said on Thursday he saw no need to take extra steps to complement the government's fresh stimulus plan, bolstering market views the BOJ is in no mood to top up its already massive monetary easing. Yutaka...
Jamie Freed (Reuters) Hong Kong Airlines, controlled by cash-strapped Chinese conglomerate HNA Group, must shore up its financial position by December 7 or risk the suspension or loss of its license, a Hong Kong air transport regulator said on Monday. The Air Transport Licensing Authority (ATLA) said in a statement that...
CAPE TOWN Spent fuel storage at South Africa's Koeberg nuclear plant will reach full capacity by April as state power utility Eskom awaits regulatory approval for new dry storage casks, the company said on Monday. Storage of high-level radioactive waste is a major environmental concern in the region, as South Africa...
SEOUL/TOKYO South Korea and Japan traded fresh barbs on Monday, just days after agreeing to salvage an important intelligence-sharing pact, highlighting the fragile ties between the former wartime foes and allies of the United States. Officials from each side criticized or contradicted comments made by other and in media about whether...
Indonesian President Joko Widodo on Thursday ordered government agencies to remove two ranks of public servants in 2020 and replace their roles with artificial intelligence, in a bid to cut red tape hampering investment. Widodo made the remarks in a room full of leaders of big companies as he laid...
The Thai government last week introduced new stimulus measures intended to boost the lagging economy, amid sluggish exports and a slowdown in private consumption. The government cut its forecast for 2019 growth last week to 2.6% from the 2.7% to 3.2% projected three months ago. Exports have declined amid global...
Jamie Freed (Reuters) HONG KONG Asian airlines are cautious about the outlook for 2020 after trade disputes undermined confidence and led to economic growth below initial forecasts this year, the head of the Association of Asia Pacific Airlines (AAPA) said on Monday. Airline passenger growth in Asia has moderated this year to...
TOKYO Japan's lower house of parliament approved on Tuesday a limited trade deal Prime Minister Shinzo Abe agreed with the United States, clearing the way for tariff cuts next year on items including U.S. farm goods and Japanese machine tools. But there is uncertainty over how much progress Japan can make...
TOKYO Nintendo Co Ltd unveiled its first Japanese store in Tokyo's trendy Shibuya shopping district, in a step towards greater commercialisation of its cast of popular characters. The Nintendo Tokyo store in the fashion-focused Parco department store marks the latest move into the mainstream for Japan's gamer culture and gives Nintendo...
SINGAPORE U.S. oil prices fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, exacerbated by a rise in U.S. inventories. West Texas Intermediate (WTI) crude fell 10 cents or 0.18% to $56.95 a barrel by...