Asia Business

China's Q4 GDP growth seen hitting 1-1/2-year low, raising heat on policymakers

16/01 China's economy likely grew at the slowest pace in 1-1/2 years in the fourth quarter, dragged by weaker demand due to a property downturn, curbs on debt and strict COVID-19 measures, raising heat on. . .  Full story

India proposes mandatory side, curtain airbags in all cars from Oct

15/01 India, which has among the world's deadliest roads, on Saturday proposed mandating at least six air bags in all passenger cars manufactured from Oct. 1.. . .  Full story

China cleanup of non-compliant WMP securities 'basically complete', official says

15/01 China has made progress in cleaning up non-compliant wealth-management products (WMPs), a senior regulatory official said on Saturday, as he declared a transition period in a years-long clampdown on the sector "basically complete".. . .  Full story

China new home prices down less in Dec on promotions, easing curbs

15/01 China's new home prices fell more slowly in December than a month earlier, official data showed on Saturday, as marginal easing on financing curbs, and promotions by property developers helped to stabilise demand.. . .  Full story

China suspends more flights over COVID-19, Shanghai curbs tours

14/01 China suspended dozens of international flights on Friday amid a global surge in Omicron cases, while the city of Shanghai curbed tourist activity as it rushed to head off local COVID-19 infections as imported. . .  Full story

China reforms securities settlement system to attract foreign capital

14/01 China's securities regulator said on Friday it will reform the country's securities settlement system, to bring it into closer alignment with global practices and to attract foreign capital.. . .  Full story

Asia Distillates-Jet fuel cash premiums rise, inter-month spread widens

14/01 Asia's cash differentials for jet fuel rose on Friday to their highest premiums since Dec. 20, while the inter-month spread for the fuel widened in backwardation. Cash premiums for. . .  Full story

Asia Gold-Higher prices, coronavirus surge check demand in India

14/01 Physical gold buying faltered in India this week as prices climbed and rising coronavirus cases prompted consumers to postpone purchases, while demand in top consumer China stabilised as Lunar New Year festivities approached.. . .  Full story

China tightens screws on big money market funds

14/01 China's securities regulator published draft rules on Friday to strengthen supervision over major money market funds, a step that could further rein in Ant Group's Yu'e Bao.. . .  Full story

Hong Kong suspends transit flights from most of the world due to COVID-19

14/01 Hong Kong authorities said on Friday the city's airport will suspend for a month transit flights from around 150 countries and territories considered high risk because of the coronavirus, deepening the global financial hub's isolation.. . .  Full story

Indian shares snap 5-day rally on weak global cues, post weekly gain

14/01 Indian shares snapped a five-session rally on Friday, reflecting weak sentiment in global markets after hawkish comments from U.S. central bank policymakers, but notched their fourth straight weekly gain.. . .  Full story

China c.bank issues draft rules to cap banks' commercial bill financing business

14/01 China's central bank published draft rules on Friday to strengthen risk management over the use of commercial bills, and set up caps for banks' commercial bills financing business, according to a statement.. . .  Full story

Paris Club of international creditors extends debt suspension for Yemen

14/01 The Paris Club of international creditors said on Friday that it had agreed to extend a debt suspension for Yemen.. . .  Full story

Indonesia to improve coal delivery checks as export ban weighs on economy

14/01 Indonesia's state utility Perusahaan Listrik Negara (PLN) said on Friday that together with the energy ministry it was strengthening a coal delivery monitoring system to ensure enforcement of domestic sales rules and energy security.. . .  Full story

Hong Kong shares close down as tech giants drop; gambling stocks jump

14/01 Hong Kong shares finished lower on Friday, weighed by losses in tech giants, while gambling stocks surged as investors bought the dip on bets the sector is undervalued.. . .  Full story

BOJ considering conducting analysis on inflation dynamics - sources

14/01 The Bank of Japan is considering conducting a thorough analysis on the country's price dynamics and whether recent signs of quickening inflation would be sustainable, said two sources familiar with its thinking.. . .  Full story

With Evergrande debt relief deal, China signals stability trumps austerity

14/01 If this week's developments at China's most indebted property developer are anything to go by, 2022 might see Beijing soften its attempts to purge the sector and make more allowances for economic stability.. . .  Full story

Foreigners net buyers of Japanese stocks for third straight week

14/01 Foreigners were net buyers of Japanese shares for a third straight week, buoyed by automakers and other exporters' strong performance, although a hawkish view in the U.S. Federal Reserve meeting minutes, capped inflows.. . .  Full story

China stocks end lower as property sector worries, COVID-19 weigh

14/01 China stocks closed lower on Friday, as real estate sector woes continued to weigh on investor sentiment, while recent COVID-19 outbreaks in the country added to worries about the effect on the economy.. . .  Full story

China steelmaking ingredients drop on demand uncertainties

14/01 Chinese steelmaking raw materials dropped on Friday, with coking coal and coke futures diving around 4% and iron ore prices dipping about 3%, as the market is on the lookout for government policy towards. . .  Full story

India's Dec WPI inflation at 13.56% as firms fight rising costs

14/01 India's annual wholesale price-based inflation eased marginally in December to 13.56%, but remained in double digits for a ninth successive month, reflecting rising input costs for firms, many of which are steadily passing on costs. . .  Full story

Japan's Nikkei falls as tepid Wall Street finish, Omicron woes weigh

14/01 Japan's Nikkei index ended lower on Friday, tracking weak overnight finish on Wall Street, with technology heavyweights leading the losses, while concerns over the impact of the Omicron coronavirus variant also curbed risk appetite.. . .  Full story

China's annual crude oil imports drop for first time in 20 years

14/01 China's annual crude oil imports slid 5.4% in 2021, dropping for the first time since 2001, as Beijing clamped down on the refining sector to curb excess domestic fuel production while refiners drew down. . .  Full story

China set to keep borrowing cost of medium-term loans unchanged

14/01 China's central bank is expected to renew maturing medium-term loans and keep borrowing cost unchanged on Monday, although a rising number of market participants start to bet on a rate cut, a Reuters survey showed.. . .  Full story

Sri Lanka stock market closed on Friday, Monday for holiday

14/01 The Sri Lanka stock market is closed on Friday, Jan. 14 and Monday, Jan. 17, for holidays. Trading will resume on Tuesday, Jan. 18.. . .  Full story

China rare-earth exports fall in Dec, but hit 3-year high in 2021

14/01 China, the world's largest rare-earth exporter, sold in December 4,087.6 tonnes of the metal used for industrial applications, down 15.9% from the prior month, General Administration of Customs data showed on Friday.. . .  Full story

China stocks fall on real estate sector worries, COVID-19 outbreaks

14/01 China stocks fell on Friday as real estate sector woes continued to weigh on investor sentiment, while recent COVID-19 outbreaks in the country added to worries about the effect on the economy.. . .  Full story

Japan PM sees no need to change FY2025 budget balancing target, for now

14/01 Japan has no immediate need to change its key budget-balancing target for fiscal 2025, Prime Minister Fumio Kishida said on Friday, adding however that it may need to conduct a further review given uncertainties. . .  Full story

Indonesia trade surplus seen shrinking in Dec to five-month low

14/01 Indonesia's trade surplus likely shrank to the lowest in five months in December on slower growth in exports and imports, a Reuters survey showed, although Southeast Asia's biggest economy is on track to post. . .  Full story

Japan Dec consumer inflation likely hovered at near 2-year high

14/01 Japan's core consumer inflation likely hovered at a near two-year high in December as surging fuel and raw material costs continued to push up living costs for households, a Reuters poll showed on Friday.. . .  Full story

Japan's wholesale inflation at near record high on broad price gains

14/01 Japan's wholesale inflation accelerated at the second fastest pace on record in December, data showed on Friday, a sign higher raw material and fuel costs are squeezing corporate margins.. . .  Full story

S.Korea's c.bank delivers back-to-back rate hikes amid inflation worries

14/01 South Korea's central bank raised its benchmark rate back to pre-pandemic levels on Friday to stem inflation risks in the recovering economy and signalled it may tighten further as policy still remains 'accommodative.'. . .  Full story

China Evergrande shares climb after winning bond payment delay

14/01 Shares of China Evergrande Group edged up on Friday after the world's most indebted developer secured a crucial approval from onshore bondholders to delay payments on one of its bonds as more developers race to. . .  Full story

Japan PM sees no need to change budget balancing target for now

14/01 Japanese Prime Minister Fumio Kishida said on Friday there was currently no need to change the country's primary budget balancing target by fiscal year 2025.. . .  Full story

Nikkei nears 4-week low on tepid Wall Street, Omicron impact

14/01 Japan's Nikkei index touched a near four-week low on Friday, tracking weak overnight performance on Wall Street, with technology heavyweights leading the losses, while concerns over the impact of the Omicron variant also curbed. . .  Full story

China's dollar-denominated exports rise 29.9% in 2021

14/01 China's dollar-denominated exports in 2021 grew 29.9% over the previous year, and imports grew 30.1% over the same period, customs data showed on Friday.. . .  Full story

S.Korea fin min says supplementary budget to be around 14 trln won

14/01 South Korea will set a supplementary budget of around 14 trillion won ($11.78 billion) that will be mainly financed by issuing treasury bonds, the finance minister said on Friday.. . .  Full story

Pakistan passes IMF-backed mid-year budget to raise $1.93 bln

13/01 Pakistan's parliament passed a mid-year budget on Thursday that will end exemptions on sales tax as part of fiscal tightening and a law to grant its central bank greater autonomy to win funding from. . .  Full story

Pakistan passes IMF-backed law to give central bank greater autonomy -state TV

13/01 Pakistan's Parliament on Thursday passed an IMF-backed law to give its central bank greater autonomy, state-run TV reported.. . .  Full story

Brazil's BRF, Saudi Arabian fund set up poultry joint venture

13/01 Brazilian chicken and pork processor BRF SA signed a memorandum of understanding with Saudi Arabia's sovereign fund to create a joint venture to make poultry products in the Middle Eastern country, sending its shares higher.. . .  Full story

China Evergrande secures payment extension as more developers race to avert defaults

13/01 China Evergrande Group on Thursday secured a crucial approval from onshore bondholders to delay payments on one of its bonds, as other cash-strapped developers also scrambled to negotiate new terms with creditors to avoid. . .  Full story

Indonesia allows 37 coal ships to leave as export ban eased

13/01 Indonesia said on Thursday it would allow 37 vessels loaded with coal to depart, in the strongest sign yet that the world's biggest thermal coal exporter is relaxing its ban on shipments.. . .  Full story

China's R&F Properties Hong Kong arm put in 'selective' default by S&P

13/01 Chinese developer Guangzhou R&F Properties, which has a number of super-sized projects in global cities such as London, saw its Hong Kong offshoot declared in "selective default" on Thursday after it pushed through a bond. . .  Full story

OMV to make Q4 value adjustments of about 1.7 billion euros

13/01 OMV will make fourth-quarter cash-neutral writedowns and value adjustments of around 1.7 billion euros ($1.95 billion), the Vienna-based oil and gas group said on Thursday.. . .  Full story

Uniqlo owner to hike prices in sign of shift for Japan

13/01 Clothing retailer Uniqlo will have to raise prices of some products due to higher costs for raw materials and shipping, its owner said on Thursday, becoming a high-profile example of Japanese firms throwing off. . .  Full story

Asia Distillates-Jet fuel cracks crawl up to over 2-month high

13/01 Asian refining margins for jet fuel inched higher on Thursday, climbing to their strongest level in more than two months, but surging cases of the highly contagious Omicron coronavirus variant continues to. . .  Full story

Indian shares end higher as firmer metals offset slide in Wipro, banks

13/01 Indian shares eked out gains in a choppy session on Thursday as a jump in metal and energy stocks helped offset losses in IT major Wipro and private sector banks.. . .  Full story

China growth seen slowing to 5.2% in 2022, modest policy easing expected

13/01 China's economic growth is likely to slow to 5.2% in 2022, before steadying in 2023, a Reuters poll showed, as the central bank steadily ramps up policy easing to ward off a sharper downturn.. . .  Full story

OMV to make value adjustments of about 1.7 billion euros in Q4

13/01 Vienna-based oil and gas group OMV said on Thursday it would have to make cash-neutral write-downs and value adjustments of around 1.7 billion euros ($1.95 billion) in the fourth quarter.. . .  Full story

Indonesia, Malaysia set for 3rd straight year of no growth in palm oil output -LMC International

13/01 Julian McGill, Head of Southeast Asia at LMC International, said at a conference on Thursday:. . .  Full story

Singapore buyout fund Novo Tellus' SPAC files for $111 mln local IPO

13/01 A special purpose acquisition company (SPAC) backed by Southeast Asian industrial technology buyout fund Novo Tellus Capital Partners will open the books for its S$150 million ($111.4 million) IPO on Friday, two sources familiar with. . .  Full story

India's palm oil imports to fall, but soy, sunflower oil seen up -MPOC

13/01 India's edible oil imports in 2022 are expected to fall by 2% as the country boosts domestic production, with palm oil seen taking the biggest hit while soy and sunflower oil imports rise, the. . .  Full story

Hong Kong shares inch higher as financials gain; developers slump

13/01 Hong Kong shares edged higher on Thursday as gains in financials offset losses in tech giants, while mainland property developers tumbled as more of them scrambled to extend debt maturities or sought to raise. . .  Full story

South Korea's POSCO, India's Adani eye steel mill project in $5-bln pact

13/01 Indian billionaire Gautam Adani's infrastructure group and South Korean steel major POSCO aim to invest about $5 billion on projects that include setting up an integrated steel mill in the western state of Gujarat, the. . .  Full story

Vietnam Dec coffee exports up 57.6% m/m, rice down 13.4%

13/01 Vietnam's coffee exports in December rose 57.6% from November to 169,349 tonnes, while rice exports in the same period were down 13.4% against the preceding month, government customs data released on Thursday showed.. . .  Full story

China iron ore futures range-bound on falling shipments, demand uncertainty

13/01 Chinese iron ore futures dipped at market close on Thursday, after gaining more than 2% boosted by falling shipments from major miners, as concerns remain about short-term demand for the steelmaking ingredient.. . .  Full story

Developer Sunac China plans $580 mln share sale to repay loans

13/01 Chinese property developer Sunac China Holdings Ltd said on Thursday it planned to raise HK$4.52 billion ($580.09 million) from a share sale for repayment of loans and general corporate purposes.. . .  Full story

China stocks close lower as December lending, consumption outlook weigh

13/01 China shares closed lower on Thursday after new bank lending fell more than expected in December from the previous month, with consumption stocks leading the decline amid local COVID-19 outbreaks.. . .  Full story

China's overnight money rate jumps to 4-mth high, policy rate in focus

13/01 China's short-term money rates jumped to four-month highs on Thursday, driven up by rising seasonal cash demand, as the market's focus shifts to whether the central bank will trim policy rates to cushion the. . .  Full story

Benchmark JGB yields stabilize after retreat from 10-month high

13/01 Benchmark 10-year Japanese government bond yields stabilized on Thursday following a sharp retreat in the previous session from a 10-month high.. . .  Full story

Nikkei slides as spiking COVID-19 cases sink retail, services shares

13/01 Japan's Nikkei share average dropped on Thursday, as a jump in COVID-19 cases spurred a sell-off in retailers and other service providers, with technology stocks also witnessing a slide.. . .  Full story

Sime Darby Plantation sees labour shortages worsening in early 2022

13/01 Sime Darby Plantation Bhd warned on Thursday that labour shortages at palm oil plantations in Malaysia because of coronavirus border closures will worsen in early 2022 compared to the last six months until workers. . .  Full story

Japan to advance timeframe for balancing budget to FY2026

13/01 Japan's government will estimate that its primary budget would be balanced in fiscal 2026, one year earlier than its previous projection made about six months ago, two sources with knowledge of the matter told. . .  Full story

Japan to bring forward budget-balancing timeframe estimate to FY2026 -sources

13/01 Japan's government will estimate that its primary budget would be balanced in fiscal 2026, one year earlier than its previous projection made about six months ago, two sources with knowledge of the matter told. . .  Full story

Indonesia expects 2022 fiscal deficit to shrink to 4.3% of GDP -media

13/01 Indonesia's fiscal deficit this year is expected to shrink to 4.3% of gross domestic product, narrower than the 4.85% initially predicted, media reported, citing the finance ministry's head of fiscal policy office.. . .  Full story

China stocks fall after weak Dec lending data; property, consumption drop

13/01 China stocks fell on Thursday after new bank lending in China fell more than expected in December from the previous month, led by property developers and consumption stocks.. . .  Full story

Malaysian palm oil board sees 2022 production at 19 mln tonnes

13/01 The Malaysian Palm Oil Board (MPOB) forecast on Thursday that the country's crude palm oil production would rise to 19.00 million tonnes this year, up nearly 5% from 18.12 million tonnes in 2021. MPOB director-general. . .  Full story

China's export growth likely eased further in December-Reuters poll

13/01 China's export growth likely lost more steam in December as a key economic driver continues to weaken, while imports also slowed and concerns over the Omicron variant weighed on the demand outlook, a Reuters. . .  Full story

Chinese developer Shimao to hold creditor meetings to vote on ABS payment extension - documents

13/01 Chinese property developer Shimao Group Holdings will hold meetings with investors in two asset-backed securities (ABS) on Jan 17, to vote on payment extension proposals, according to documents obtained by Reuters.. . .  Full story

Chinese developer Yuzhou Group offers bond swap to avert default

13/01 Chinese property developer Yuzhou Group announced an exchange offer for two of its 2022 bonds totalling $582 million to avoid default, sending its bonds and shares tumbling.. . .  Full story

Nikkei slides as spiking COVID-19 cases bruise retail, services shares

13/01 Japan's Nikkei share average dropped on Thursday, as a jump in COVID-19 cases spurred a sell-off in retailers and other service providers, with technology stocks also witnessing a slide.. . .  Full story

Technology to ship hydrogen ready by 2025, Hyundai Heavy unit says

13/01 Korea Shipbuilding & Offshore Engineering (KSOE) expects to have the technology to transport hydrogen by ship by 2025, an executive said, targeting a breakthrough in supplying a fuel touted by supporters as offering a major. . .  Full story

Singapore Airlines raises $600 million in U.S. dollar bond deal

13/01 Singapore Airlines Ltd said on Thursday it had raised $600 million in a U.S. dollar bond deal to help fund aircraft purchases and repay existing borrowings as it grapples with lower travel demand amid. . .  Full story

RBNZ Deputy Governor Bascand left role early after rule breach, says cenbank

13/01 New Zealand's central bank said on Thursday that Deputy Governor Geoff Bascand has left his role earlier than planned after breaching the bank's rules by sharing information about a leadership reorganisation with a third party.. . .  Full story

Japan Inc urges fiscal support, action on weaker yen and rising commodity prices

13/01 A vast majority of Japanese firms want fiscal support to keep flowing at least through this year, a Reuters poll showed, while two-thirds want help to ease the pain from rising commodity. . .  Full story

Egypt's Suez Canal targets 15% share of global energy trade by 2040 - statement

12/01 Egypt's Suez Canal aims to have a 15% share of global energy trade by 2040, up from 8% in 2019, the canal authority said on Wednesday.. . .  Full story

-Saudi Arabia to build 8,000 km of railway, enact new investment law

12/01 Saudi Arabia will build 8,000 km (4,971 miles)of railway across country and is also preparing a new investment law to address the needs of investors, its investment minister Khalid al-Falih said on Wednesday.. . .  Full story

Sri Lanka to meet all debt repayments while rebuilding FX reserves - cenbank chief

12/01 Sri Lanka's government will meet all 2022 debt repayments and work on a more comprehensive plan to address dwindling foreign exchange reserves, central bank Governor Ajith Nivard Cabraal said, as the country suffered another ratings. . .  Full story

Investors lower 51job's go-private offer to $3.8 bln

12/01 A consortium of investors looking to take China-based jobs portal 51job Inc private has slashed its offer in a revised deal that values the company at about $3.86 billion.. . .  Full story

Poland refiner PKN to sell Lotos assets to Aramco, MOL to complete takeover

12/01 Poland's largest refiner PKN Orlen said it will sell some Lotos assets to companies including Saudi Aramco and Hungary's MOL to fulfil EU antitrust rulings and complete its takeover of the smaller firm.. . .  Full story

Turkish Airlines' peak season could surpass 2019 - chairman

12/01 Turkish Airlines may hit pre-pandemic passenger numbers and load factor during this year's peak summer season, but full-year figures will not surpass 2019 levels until next year, Chairman Ilker Ayci said on Wednesday.. . .  Full story

India December retail inflation climbs to five-month high of 5.59%

12/01 India's retail inflation accelerated to a five-month high in December, but the central bank is widely expected to hold on key policy rates next month amid concerns the fast-spreading Omicron variant of COVID may impact. . .  Full story

Lebanon's PM denies meddling in judiciary over financial probe

12/01 Lebanon's prime minister said on Wednesday the government had not interfered with the judiciary's work, after reports that he had put pressure on a judge who is seeking data from banks in an investigation. . .  Full story

Indian shares end higher for fourth day ahead of IT earnings

12/01 Indian shares ended higher for a fourth straight session on Wednesday, with gains across the board ahead of results from major IT firms, while upbeat cues from global markets also lifted sentiment.. . .  Full story

Toshiba should overhaul board and management, major Japan pension fund says

12/01 Toshiba Corp's proposal to split itself into three companies won't solve its governance issues and the conglomerate should prioritise an overhaul of its board and management, said a senior executive at one of Japan's largest. . .  Full story

China new bank loans hit record $3.13 trln in 2021, despite drop in Dec

12/01 New bank lending in China fell more than expected in December from the previous month, but lending for the full year of 2021 set a record as the central bank slowly ramps up policy. . .  Full story

Asia Distillates-Gasoil cracks surge to near 3-month peak

12/01 Asian refining margins for 10 ppm gasoil jumped to their strongest level in nearly three months on Wednesday, buoyed by expectations for firmer industrial demand, while regional supplies remain tight.. . .  Full story

China's cabinet says it will promote transformation of digital economy

12/01 China's cabinet issued a plan on Wednesday for the development of the country's digital economy, aiming to increase this sector's share of national GDP by pushing technologies like 6G and big data centers.. . .  Full story

Indonesia oil and gas lifting falls for 5th year amid failure to tap new sources

12/01 Indonesia's oil lifting, or ready-to-sell production, narrowly missed its target and fell for a fifth straight year in 2021, after a failure to tap new sources and as older fields matured, energy minister Arifin Tasrif. . .  Full story

DHL opens Middle East's largest robotic sorting centre in Israel

12/01 Courier services company DHL Express has opened the Middle East's largest robotic sorting centre in central Israel, the company said on Wednesday.. . .  Full story

Hong Kong's Hang Seng rises most in three months on tech boost

12/01 Hong Kong's main Hang Seng index logged its biggest daily percentage gain in three months on Wednesday as a less hawkish-than-expected testimony from U.S. Federal Reserve Chairman Jerome Powell lifted tech shares across the region.. . .  Full story

Dalian coking coal futures rise on restocking demand

12/01 Chinese coking coal futures on the Dalian Commodity Exchange jumped on Wednesday, boosted by restocking demand at steel mills as supply of the materials is relatively tight ahead of Lunar New Year holidays.. . .  Full story

China shares rise as cooler inflation opens door to policy easing

12/01 Chinese shares rose on Wednesday as slower-than-expected December producer inflation made room for more monetary easing in the world's second-largest economy, with new energy vehicle makers advancing on data showing strong sales momentum.. . .  Full story

China Merchants Shekou plans $400 mln bond issuance to fund acquisitions

12/01 Property developer China Merchants Shekou Industrial Zone Holdings Co plans to issue 2.58 billion yuan ($405.43 million) of debt to fund acquisitions.. . .  Full story

JGB yields dip as Fed's Powell softens hawkish stance

12/01 Japanese government bond (JGB) yields dipped on Wednesday, tracking U.S. Treasury yields lower overnight, as investors bought back debt following less hawkish comments from Federal Reserve Chair Jerome Powell.. . .  Full story

BOJ offers most upbeat view on regional Japan in 8 years

12/01 The Bank of Japan offered on Wednesday its most optimistic view of the country's regional economy in more than eight years, in a sign of its confidence that a recent resurgence in coronavirus infections. . .  Full story

More firms in western Japan raising prices, says BOJ official

12/01 More companies in western Japan are embarking on price hikes as rising raw material costs squeeze their profits, a senior Bank of Japan official said on Wednesday.. . .  Full story

Japanese shares track Wall Street higher on Powell's testimony

12/01 Japanese shares rebounded on Wednesday, as investors scooped up beaten-down stocks after less-hawkish comments from U.S. Federal Reserve Chairman Jerome Powell helped Wall Street regain ground.. . .  Full story

Thai joint business group sees limited economic impact from Omicron

12/01 Thailand's leading business group on Wednesday said it saw only a limited impact on the country's economy from the latest coronavirus outbreak driven by the highly transmissible Omicron variant.. . .  Full story

China shares gain as slower-than-expected inflation raises monetary easing bets

12/01 Chinese shares rose on Wednesday, supported by materials, consumer and new energy firms after slower-than-expected December producer inflation made room for more monetary easing in the world's second-largest economy.. . .  Full story

BOJ raises economic view for all Japan regions as pandemic pain eases

12/01 The Bank of Japan raised its economic assessment for all of the country's nine regions on Wednesday in a sign of its confidence that a recent resurgence in coronavirus infections would not derail the. . .  Full story

Japan service sector sentiment slightly improves in Dec as COVID-19 cases kept low

12/01 Japan's service sector sentiment index rose 0.1 point to 56.4 in December, a Cabinet Office survey showed on Wednesday, as domestic COVID-19 cases remained low through the month despite concerns around the new Omicron variant.. . .  Full story

Japanese shares rebound after Powell testimony lifts Wall Street

12/01 Japanese shares rebounded on Wednesday, as investors scooped up beaten-down stocks after less hawkish comments from U.S. Federal Reserve Chairman Jerome Powell helped Wall Street regain ground.. . .  Full story

China's factory gate inflation slows further after cooling measures

12/01 China's factory-gate prices rose more slowly than expected in December after government measures to contain high raw material prices, official data showed on Wednesday, leaving room for easing monetary policy.. . .  Full story