Asia Business

China's Xi says China will phase down coal consumption over 2026-2030

15h12 China will start to phase down coal consumption over the 2026-2030 period as part of its efforts to reduce climate-warming greenhouse gas emissions, President Xi Jinping told the Climate Leaders' Summit on Thursday.. . .  Full story

Saudi Aramco to refinance $10 billion revolving loans - sources

14h59 Saudi Aramco is expected to refinance a $10 billion debt facility raised in 2015, two sources said, in what would be the oil giant's third major foray into the loan market this year.. . .  Full story

Libya oil output falls to 1 mln bpd hit by money troubles

11h58 Libya's oil production fell to about 1 million barrels per day (bpd) in recent days and could drop further due to budgetary issues, the National Oil Corporation said on Thursday.. . .  Full story

Japan PM Suga: Japan aims to cut greenhouse gas emissions by 46% by 2030 from 2013 levels

11h30 Japanese Prime Minister Yoshihide Suga said on Thursday that Japan aims to cut greenhouse gas emissions by 46 percent by 2030 from levels recorded in 2013, and that he would announce this at an. . .  Full story

Ping An Insurance sees 4.5% Q1 profit gain as economy recovers

11h26 Ping An Insurance (Group) Co of China Ltd saw a 4.5% rise in first-quarter net profit as offline sales recovered from a coronavirus-induced slump, China's largest insurer by market value reported on Thursday.. . .  Full story

China CNOOC's Q1 revenue jumps 21% on oil price recovery

11h19 China's national offshore oil and gas producer CNOOC Ltd reported on Thursday its first quarter revenue surged 21% on year on recovering oil and gas prices and higher sales.. . .  Full story

As nuclear talks make progress, Iran oil exports stay above 2020 rates in April

11h18 Iranian crude oil exports remain at elevated levels so far in April compared to last year, according to two assessments, adding to signs of a recovery in shipments as talks make progress on. . .  Full story

Taiwan begins to plan for zero emissions by 2050

11h17 Taiwan has begun to assess how it can reach zero greenhouse gas emissions by 2050, President Tsai Ing-wen said on Thursday, after environmental groups criticised the government for not doing enough to fight climate change.. . .  Full story

Bond investors on edge as China grapples with Huarong restructuring

11h08 A week after dollar bonds issued by bad loan giant China Huarong Asset Management Co Ltd plunged on worries over its creditworthiness, investors remain wary due to uncertainty over the company's restructuring plans.. . .  Full story

Ant Group's money market fund shrinks in the first quarter

11h04 Ant Group's money market fund Yu'e Bao shrank in the first quarter of 2021, according to Tianhong Asset Management Co Ltd, which manages the fund.. . .  Full story

Hong Kong stocks track Asia higher

11h00 Hong Kong shares closed higher on Thursday, in line with other Asian markets, as investors cheered economic recovery in the United States and other developed markets.. . .  Full story

S&P raises Taiwan ratings, says outlook positive

10h38 S&P Global Ratings raised its long-term foreign and local currency issuer credit ratings on Taiwan to 'AA' from 'AA-' on Thursday, saying the outlook on Taiwan was positive on robust economic growth, though warned. . .  Full story

Telkomsel eyes additional $300 mln investment in Gojek - executive

10h37 Telkomsel, a unit of Indonesia's largest telecoms operator Telkom, is eying a $300 million investment in ride-hailing and payments firm Gojek, its president director told Reuters on Thursday. The move follows a previous $150 million. . .  Full story

Japan raises business spending view, sees weakness in economy - report

10h36 Japan raised its view on capital spending for the third time this year in its economic report for April, while it retained its assessment that overall economic conditions were showing weakness from the coronavirus. . .  Full story

Foreign inflows into Japanese stocks slow on virus worries

10h34 Foreign inflows into Japanese stocks slowed in the week ended April 16, on concerns about the economic slowdown due to a resurgence of coronavirus cases in Japan.. . .  Full story

Japan's car lobby says it can lead the drive for carbon neutrality

10h26 Akio Toyoda, the head of a Japanese lobby group, said on Thursday Japan's auto industry can lead the country's push to achieve carbon neutrality.. . .  Full story

Japan government to propose new target of cutting greenhouse gases by 46%- Nikkei

10h23 The Japanese government is going to propose a new target of cutting greenhouse gases by 46 percent from levels recorded in 2013, the Nikkei reported on Thursday. (Reporting by Elaine Lies Editing by Raissa Kasolowsky). . .  Full story

China pig producers' Q1 earnings tumble on lower prices, disease

09h58 China's top pig producers are set to report a plunge in first-quarter profits from the huge gains of last year, after hog prices fell, and disease, more expensive feed and poorly performing sows further. . .  Full story

Vietnam central bank sees 2021 credit growth at 12%

09h48 Vietnam's central bank said on Thursday it is targeting credit growth of 12% for this year and will manage its monetary policy to keep inflation at around 4%.. . .  Full story

Hyundai Q1 profit triples, to adjust May auto production due to chip shortage

09h27 Hyundai Motor Co posted a first-quarter profit that nearly tripled to its highest in four years as people bought its luxury cars, but warned it would have to adjust production again in May because. . .  Full story

Thai economy may lose $3.2 bln a month after new virus outbreak

09h26 Thailand's economy could lose 100 billion baht ($3.19 billion) a month, mainly in the service sector, a university said on Thursday, as the tourism-reliant nation deals with a third COVID-19 wave and a highly. . .  Full story

China stocks end lower on Sino-U.S. tensions

09h19 China stocks weakened on Thursday, as Sino-U.S. tensions dampened sentiment, offsetting a series of upbeat corporate earnings for the first quarter.. . .  Full story

Yields on 10-year JGBs fall on worries around COVID-19 surge

09h13 Yields on 10-year Japanese government bonds (JGBs) fell on Thursday as some investors remained cautious about the impact of a resurgence of COVID-19, although risk appetite improved overall and stock markets rebounded.. . .  Full story

Japanese shares jump after two-day declines, chip stocks advance

08h33 Japanese shares jumped on Thursday as investors scooped up chip-related and cyclical shares following a two-day decline across all sectors, with sentiment aided by an upbeat finish on Wall Street overnight.. . .  Full story

BOJ faces communication dilemma as weak inflation leaves Kuroda with complex policy

07h41 Eight years of stimulus attempts to spur weak inflation have left the Bank of Japan with one of the most complex monetary policy frameworks in the world, heightening communication challenges for Governor Haruhiko Kuroda, who. . .  Full story

Gulf economies seen rebounding this year but some forecasts scaled back

07h05 The economies of the six-member Gulf Cooperation Council are expected to return to growth this year, a quarterly Reuters survey showed on Thursday, but half are seen expanding less than previously forecast.. . .  Full story

China stocks slip as Sino-U.S. tensions weigh; Hong Kong up

06h26 China stocks slipped on Thursday, weighed by persistent worries over Sino-U.S. tensions, offsetting a series of upbeat corporate earnings in the first quarter.. . .  Full story

China Zhengzhou thermal coal prices jump 5% amid tight supplies

06h18 China's thermal coal futures prices on the Zhengzhou Commodity Exchange jumped over 5% in early trade on Thursday, after hitting record levels earlier this week, as low inventories and tight supplies shore up prices.. . .  Full story

Japanese shares jump after sharp falls; chip-related, cyclical stocks gain

04h51 Japanese shares jumped on Thursday as investors scooped up cyclical and chip-related shares after they fell sharply in the previous two sessions, with sentiment aided by an upbeat finish on Wall Street overnight.. . .  Full story

China's short-selling of stocks nears record high

04h11 The value of shares investors in China's onshore stock markets have borrowed to sell short reached 151.9 billion yuan ($23.4 billion) on Wednesday, data from the China Securities Finance Corporation (CSF) showed.. . .  Full story

China Gas plans $1.5 bln share sale for gas projects, business development

03h12 China Gas Holdings Ltd plans the sale of HK$11.66 billion ($1.50 billion) worth of new shares to major shareholders, to raise capital for gas projects and expansion.. . .  Full story

Malaysia issues $800 mln U.S. dollar sustainability sukuk, world's first by a sovereign

03h07 Malaysia has issued $800 million worth of 10-year trust certificates, billed as the world's first sovereign U.S. dollar sustainability sukuk as the proceeds will be used exclusively for green projects, the finance ministry said on. . .  Full story

Reshaping grain trade? China moves to change animal feed recipes

21/04 China issued guidelines on Wednesday recommending the reduction of corn and soymeal in pig and poultry feed, a measure that could reshape the flow of grains into the world's top corn and soybean buyer.. . .  Full story

S&P affirms Japan's ratings on prospects of recovery from COVID hit

21/04 Rating agency S&P affirmed Japan's A+/A-1 sovereign debt ratings on Wednesday, citing its rich current account surplus and an expected gradual economic recovery from the COVID-19 pandemic.. . .  Full story

China, North Korea poised to resume freight rail links as trade revives

21/04 China is set to resume cargo train service with North Korea, people familiar with the matter said, following a 15-month border closure due to COVID-19, as trade with the impoverished and isolated country begins to. . .  Full story

Taiwan's Gogoro to enter India scooter market with Hero tie-up

21/04 Taiwanese electric scooter maker Gogoro has partnered with India's Hero MotoCorp to offer its battery-sharing infrastructure in the world's largest motorcycle market, top company officials said on Wednesday.. . .  Full story

Indonesia's looser palm plantation rules renew conflict between jobs, environment

21/04 Indonesian farmer Albertus Wawan hopes a new government regulation means the small plot of land where he grows palm oil trees in a forest reserve on Borneo may be recognised as a legal plantation. . .  Full story

Seeking to unseat Australia, Mongolia's giant coal mine plans $700 mln bond

21/04 Mongolia's giant Tavan Tolgoi coal mine is aiming to raise 2 trillion tugriks ($700 million) through a bond issue as it tries to build infrastructure needed to replace Australia as one of China's top coal. . .  Full story

Tencent tops Greenpeace clean energy rankings for China Big Tech

21/04 Tencent Holdings Ltd is the best of China's energy-guzzling cloud services providers when it comes to tackling carbon emissions and procuring from renewable sources, Greenpeace said in a research report.. . .  Full story

Hong Kong shares end lower on renewed concerns over virus resurgence

21/04 Hong Kong shares ended lower on Wednesday, tracking global markets, on concerns over a resurgence in COVID-19 cases in some countries that has cast renewed doubt on the strength of a global economic recovery. ** At. . .  Full story

China steel futures rise on capacity controls outlook

21/04 Chinese steel rebar and hot-rolled coil futures closed higher on Wednesday, picking up from early trade amid concerns of stricter capacity and output controls in the coming months as regulators tighten supervision.. . .  Full story

S&P says Huarong events could prompt review of state support

21/04 S&P Global Ratings said on Wednesday that concerns over the creditworthiness of subsidiaries of Chinese bad-loan giant China Huarong Asset Management Co Ltd could prompt it to review government support for state-owned enterprises.. . .  Full story

China blue-chip shares end higher on healthcare, banking gains

21/04 China shares ended higher on Wednesday with healthcare and banking stocks leading the gains, following upbeat quarterly earnings reports. ** The Shanghai Composite index closed flat at 3,472.93, while the blue-chip CSI300 index was up. . .  Full story

Thai business group trims 2021 GDP outlook after new virus outbreak

21/04 Thailand's joint business group on Wednesday trimmed its 2021 economic growth forecast for the second time this year to 1.5-3.0% from 1.5-3.5% after a third wave of coronavirus infections, despite improved exports.. . .  Full story

Japanese shares extend losses as investors brace for more lockdowns

21/04 Japanese shares extended losses on Wednesday as investor fears of potential lockdowns in the country's biggest cities cast doubts over the prospects of an economic reopening.. . .  Full story

JGB yields fall as stocks tumble on lockdown fears

21/04 Japanese government bond yields fell on Wednesday, as investor appetite for safe-haven debt was boosted by a drop in stocks on fears that possible COVID-19 lockdowns in Japan's biggest cities would delay an economic reopening.. . .  Full story

Shell to trial use of hydrogen fuel cells for ships in Singapore

21/04 Royal Dutch Shell said on Wednesday it was conducting a feasibility study with partners to trial the use of hydrogen fuel cells for ships in Singapore, the first such move for the oil major.. . .  Full story

India's ONGC says 3 employees kidnapped from eastern Indian oil rig

21/04 India's top oil producer Oil and Natural Gas Corp Ltd said three of its employees were kidnapped by gunmen from a rig site in the eastern Assam state on Wednesday.. . .  Full story

China shares rise on boost from healthcare, banking stocks 

21/04 China shares rose on Wednesday with healthcare and banking stocks leading the gains, as investors cheered upbeat quarterly earnings results. ** At the midday break, the Shanghai Composite index was up 0.15% at 3,478.06 points,. . .  Full story

China's Wanda raising $3 bln ahead of HK IPO for property management unit -sources

21/04 Chinese conglomerate Dalian Wanda Group aims to raise 20 billion yuan ($3.08 billion) for its commercial property management business, before listing the unit in Hong Kong by year-end, two people with direct knowledge of the. . .  Full story

Japanese shares extend sharp fall on COVID-19 lockdown worries

21/04 Japanese shares extended a steep fall on Wednesday as fears of possible coronavirus-related lockdowns in Japan's biggest cities cast doubts over the prospects of an economic reopening.. . .  Full story

S.Korea April 1-20 exports surge 45.4% y/y - customs agency

21/04 South Korea's exports during the first 20 days of April surged 45.4% from a year earlier, customs agency data showed on Wednesday, underpinning a recovery in demand and hopes for a swifter economic rebound.. . .  Full story

PREVIEW-BOJ inflation prediction to show limits of Gov Kuroda's ultra-easy policy

21/04 The Bank of Japan is set to predict for the first time that inflation will remain well short of its 2% target beyond Governor Haruhiko Kuroda's term through early 2023, say sources familiar with. . .  Full story

Air pollution costs Indian businesses $95 billion a year - study

20/04 Air pollution costs Indian businesses $95 billion every year, or 3% of the country's Gross Domestic Product, and cuts annual consumer spending by $22 billion, according to a study released on Thursday.. . .  Full story

Toshiba dismisses $20 bln CVC offer as lacking detail

20/04 Toshiba Corp on Tuesday dismissed a $20 billion buyout offer from CVC Capital Partners as lacking detail, putting a question mark over the future of the proposal.. . .  Full story

Indian refiners' March crude throughput edges up on rising demand

20/04 Indian refiners' crude oil processing rose in March from the previous month as fuel demand recovered, although throughput remained marginally lower than a year earlier, highlighting the pandemic's toll on economic activity.. . .  Full story

OPEC+ oil cut compliance at 113% in March, sources say

20/04 OPEC+ achieved a compliance level with its agreed oil production cuts of 113% in March, unchanged from levels in February, two sources from the producer group told Reuters on Tuesday.. . .  Full story

China banks must prepare for rebound in bad loans, regulator says

20/04 China is expected to face pressure from a rebound of non-performing loans, and banks must fully evaluate the risk and be prepared in advance, a senior banking regulator said on the sidelines of the. . .  Full story

Maersk looks to diversify Indian revenue with new rail service for auto companies

20/04 Maersk has launched a rail service between its port in western India and the northern automobile manufacturing hub of Gurugram as the shipping group looks to boost revenue from its "non-ocean" business, its South Asia. . .  Full story

Singapore prosecution files more charges over nickel trading scandal

20/04 Singapore prosecutors on Tuesday filed five additional charges against businessman Ng Yu Zhi in relation to a scheme that allegedly raised at least S$1 billion ($746 million) from investors to fund bogus nickel trades.. . .  Full story

Asia Distillates-Jet fuel cracks drop to lowest in a week

20/04 Asian refining margins for jet fuel dropped on Tuesday as feedstock crude prices firmed and airlines reduced near-term capacity due to fresh waves of the COVID-19 pandemic in several markets.. . .  Full story

Thailand approves handouts for 2.4 mln people, plans more over new virus wave

20/04 Thailand's cabinet on Tuesday approved an additional 3.04 billion baht ($97.4 million) for a current handout scheme which will cover another 2.4 million people as the country deals with a third coronavirus wave.. . .  Full story

PipeChina's cost-sharing plan chills importer interest for LNG terminal slots

20/04 Most companies shortlisted for PipeChina's liquefied natural gas import terminal slots are backing off from a deal as new terms proposed by the gas pipeline operator threaten to jack up costs, trade sources said.. . .  Full story

Libya's NOC declares force majeure on Hariga port

20/04 Libya's National Oil Corp (NOC) declared force majeure on Monday on exports from the port of Hariga and said it could extend the measure to other facilities due to a budget dispute with the. . .  Full story

China’s Sinopec wins a contract to develop Mansuriya gas field – oil ministry

20/04 China's Sinopec has won a deal to develop Iraq's Mansuriya gas field near the Iranian border, the oil ministry said on Tuesday.. . .  Full story

Samsung's Lee family may use stock as collateral for loans for $10 bln tax -sources

20/04 The family of deceased Samsung patriarch Lee Kun-hee is discussing using shares in affiliated companies as collateral for personal loans to pay part of more than $10 billion in inheritance taxes, three financial industry sources. . .  Full story

Hong Kong shares edge higher as financials shine

20/04 Hong Kong's Hang Seng index edged higher on Tuesday to end at its highest close in more than a month led by gains in financial stocks, and robust inflows from the mainland through the. . .  Full story

BOJ warns of risks to Japan banks from Archegos-type overseas funds

20/04 Japanese financial institutions have become more exposed to market risks triggered by non-bank and overseas funds, the central bank warned on Tuesday, in the wake of losses caused by the collapse of family office. . .  Full story

China's metal imports from Myanmar show trade contortions amid post-coup protest

20/04 Chinese trade data gave a mixed snapshot of neighbour Myanmar's ability to keep up metal shipments in March amid unrest after February's coup, with flows of nickel pig iron (NPI) dwindling to almost nothing. . .  Full story

China shares edge lower as benchmark lending rate held steady

20/04 China shares edged lower on Tuesday as investors took profits following the previous day's strong gains, but losses were limited after the country kept its benchmark lending rate steady, easing worries over policy tightening.. . .  Full story

China delivery giant Meituan raises $10 bln - a warchest for drones, self-driving cars

20/04 Food delivery behemoth Meituan has raised $10 billion in a stock and convertible bonds sale, underscoring strong investor faith in the growth prospects of some Chinese tech firms despite a regulatory clampdown on the sector.. . .  Full story

Oxygen shares, real and imaginary, rally as India battles virus surge

20/04 With Indian COVID-19 patients struggling to find medical oxygen in the middle of a second deadly wave of coronavirus infections, shares in companies that produce the gas — or simply have it in their names. . .  Full story

Japan stocks stumble as return to coronavirus lockdowns looms

20/04 Japanese shares fell on Tuesday by their most in a month, weighed down by worries that possible reintroduction of COVID-19 lockdowns in the country's biggest cities would slow the economic recovery.. . .  Full story

Taiwan's Formosa plans to increase refinery output in May

20/04 Taiwan's Formosa Petrochemical Corp plans to ramp up operating rates at its refinery in May to 74% once it restarts a gasoline-making unit after maintenance and as refining margins have improved, the company's spokesman said.. . .  Full story

Long-term JGB yields fall as 20-year auction soothes nerves

20/04 Yields on longer-dated Japanese government bonds fell on Tuesday, after an auction of 20-year notes drew reasonably strong demand, easing concerns about investor appetite for new debt coming to market.. . .  Full story

China's low-sulfur marine fuel exports at 2nd highest on record

20/04 China's exports of low sulfur marine fuel in March rose 57% on year to the second highest monthly level on record, as demand for the fuel recovered in line with the country's strong exports. . .  Full story

China shares up as benchmark lending rate kept steady for 12th month

20/04 China shares rose on Tuesday after the country kept its lending benchmark steady for a twelfth straight month, helping to ease persistent investor concerns over the impact of possible policy tightening.. . .  Full story

China's crude oil imports from Saudi up 8.8% y/y in March, UAE shipments jump

20/04 China's crude oil imports from top supplier Saudi Arabia rose 8.8% in March from a year earlier, driven by strong demand and as shipments delayed due to a port congestion finally arrived.. . .  Full story

Japanese shares slump as virus surge stokes slowdown worries

20/04 Japanese shares fell sharply on Tuesday, weighed down by worries that possible reintroduction of COVID-19 emergency measures in the country's biggest cities would slow the economic recovery.. . .  Full story

China leaves lending benchmark rate steady for 12th straight month

20/04 China kept its benchmark lending rate for corporate and household loans steady for the 12th straight month at its April fixing on Tuesday, matching market expectations.. . .  Full story

BOJ's Kuroda says premature to debate exit from ETF buying

20/04 Bank of Japan Governor Haruhiko Kuroda said on Tuesday it was too early to debate an exit from the central bank's purchases of exchange-traded funds (ETF).. . .  Full story

Saudi crude exports drop to eight-month low in February

19/04 Saudi Arabia's crude oil exports fell to their lowest in eight months in February, the Joint Organisations Data Initiative (JODI) said on Monday, as the world's biggest oil exporter voluntarily capped output to support oil. . .  Full story

Bank of Israel's statement after monetary policy meeting

19/04 The Bank of Israel held its benchmark interest rate at 0.1% on Monday.. . .  Full story

COLUMN-China boosts crude oil storage, but higher price may deter future builds: Russell

19/04 China boosted the flow of crude oil into storage tanks in March as strong imports and domestic output exceeded an increase in the volume of fuel being processed by refiners.. . .  Full story

China's Meituan raising $10 billion to bolster technology research

19/04 Chinese food delivery giant Meituan launched a deal on Monday to raise up to $10 billion in shares and convertible bonds to help fund the research and development of autonomous vehicle and drone delivery services.. . .  Full story

China to promote debt sustainability in developing nations - vice commerce minister

19/04 China will promote debt sustainability in developing countries through its Belt and Road Initiative, Qian Keming, a vice minister of commerce, said on Monday at the Boao Forum in the country's southern province of Hainan.. . .  Full story

Asia Distillates-Gasoil cash discount widens, jet discount narrows

19/04 Asia's cash differentials for 10 ppm gasoil fell for a sixth straight session on Monday to their biggest discounts in nearly three weeks as elevated exports from China and the spread of COVID-19. . .  Full story

Taiwan's Formosa restarts naphtha cracker after brief outage

19/04 Taiwan's Formosa Petrochemical Corp restarted on Monday its No. 1 naphtha cracker after a technical fault shut the unit last week, the company's spokesman said.. . .  Full story

Thai cenbank says outbreak uncertain, ready to introduce more measures

19/04 Thailand's central bank said on Monday the current COVID-19 outbreak was highly uncertain and it was ready to introduce necessary assistance measures in addition to recent support schemes.. . .  Full story

Abu Dhabi's G42 forms big data JV with Israeli defence company Rafael

19/04 Abu Dhabi-based technology company Group 42 (G42) has formed a joint venture with Israel's state-owned Rafael Advanced Defense Systems to commercialise artificial intelligence and big data technologies, the companies said on Monday.. . .  Full story

N.Korea's coronavirus lockdown shows signs of easing as China trade soars

19/04 China's exports to North Korea in March rose to a six-month high, with outbound shipments to its neighbour that month nearly 400 times more than January-February combined, in a sign of easing border restrictions imposed. . .  Full story

Hong Kong stocks end higher as healthcare, industrial firms rebound

19/04 Hong Kong stocks closed higher on Monday, led by a rebound in healthcare and industrial firms, but big tech names faltered amid lingering regulatory concerns that curbed gains in the market.. . .  Full story

China set to keep lending benchmark LPR unchanged for 12th month

19/04 China's benchmark lending rate is set to remain unchanged for a 12th month at its April fixing on Tuesday, a Reuters survey showed.. . .  Full story

New energy vehicles, foreign inflows drive China stocks to end higher

19/04 China stocks ended higher, with the blue-chip index posting its best day in six weeks, led by gains in new energy vehicles firms, while strong foreign inflows also helped sentiment.. . .  Full story

Yields on 10-year JGBs fall as U.S. yields remain stable after dive

19/04 Yields on benchmark 10-year Japanese government bonds fell on Monday on solid demand as U.S. Treasuries yields were stable during Asian trading hours after making the biggest one-day dive since November last week.. . .  Full story

Microsoft to invest $1 bln in Malaysia to set up data centres - Malaysian PM

19/04 Microsoft Corporation will invest $1 billion over the next five years in Malaysia as part of a new partnership programme with government agencies and local companies, the Southeast Asian nation's prime minister said on Monday.. . .  Full story

Japan's Topix ends lower as COVID-19 fears outweigh gains in chip-related shares

19/04 Japan's Topix changed course to close lower on Monday, while the Nikkei ended little changed, as concerns around a resurgence of COVID-19 outweighed gains from chip-related shares.. . .  Full story

China's births may fall below 10 million annually in next five years - expert quoted

19/04 China could see its number of births slide below 10 million annually in the next five years if the government does not quickly abolish its policy of limiting families to two children, an. . .  Full story

Renesas says to restore full capacity at fire-damaged chip plant by end-May

19/04 Renesas Electronics Corp , a major supplier of automotive semiconductors, said on Monday it plans to restore lost production capacity at its fire damaged plant by end-May after restarting production on Saturday.. . .  Full story

What's next for Jack Ma's Ant Group after China orders revamp?

19/04 China has imposed a sweeping restructuring plan on Jack Ma's Ant Group, the fintech conglomerate whose record $37 billion IPO was derailed by regulators in November, that will see the group become a financial holdings. . .  Full story

Toyota says it will introduce 15 BEVs, expand electric lineup by 2025

19/04 Toyota Motor Corp said on Monday it will introduce 15 battery electric vehicle (BEV) models globally by 2025, expanding the automaker's electric vehicle lineup to achieve carbon neutrality before 2050.. . .  Full story

China stocks rise on boost of new energy vehicles, foreign inflows

19/04 China stocks started the week on a firm note on Monday led by robust gains for new energy vehicles firms, while strong foreign inflows also helped sentiment.. . .  Full story

Global commodity price spike to have limited impact on China's prices - NDRC

19/04 The gains in global commodity prices are not sustainable over the long term and their impact on China's domestic prices will be limited and controllable, the country's top economic planning agency said on Monday.. . .  Full story

Japan stocks edge higher on semiconductor gains, but coronavirus weighs

19/04 Japanese stocks edged higher on Monday as some investors hoped to benefit from an expected increase in semiconductor production, but worries about rising coronavirus infections capped gains.. . .  Full story

Japan firms brace for further COVID hit amid fears of new wave of infections

19/04 Japanese companies see the country on track to suffer a fourth round of coronavirus infections, with many bracing a further blow to business, a Reuters monthly poll showed. Below. . .  Full story