Asia Business

S.Korea's seen standing pat through to 2022 - S&P chief economist

04h50 South Korea's central bank is expected to keep its policy interest rate at the current 0.50% "all the way through 2022," the Asia-Pacific chief economist at S&P GLobal Ratings said on Wednesday.. . .  Full story

Japan shares rise as IMF's outlook lifts optimism for corporate earnings

04h42 Japanese stocks gained on Wednesday as hopes rose for better corporate earnings after the International Monetary Fund raised its forecast for global growth, while shares of Nikko Denko raced to the top of the Nikkei. . .  Full story

China's industrial profits extend growth in Dec amid brisk factory recovery

04h21 Profits at China's industrial firms grew for the eighth straight month in December, suggesting a sustained recovery as the manufacturing sector rapidly emerged from its COVID-19 slump.. . .  Full story

Nippon Express may sell Tokyo HQ building; report says could fetch $965 mln

03h21 Leading Japanese logistics firm Nippon Express Co said on Wednesday it was considering selling its headquarters building in Tokyo, a sale which the Yomiuri newspaper reported could fetch more than 100 billion yen ($965 million).. . .  Full story

Indian economy to get shot in the arm from federal budget -economists

02h05 India's path to economic recovery will be stronger than previously thought as fiscal expansion and vaccine hopes help the country heal from COVID-19, a Reuters poll of economists showed.. . .  Full story

Saudi Arabia to allow payment of work permit-related residencies on quarterly basis -SPA

26/01 Saudi Arabia said it will allow payment for the issuance and renewals of work permit-related residencies to be made on a quarterly basis instead of an annual lump sum basis, SPA reported on Tuesday,. . .  Full story

UAE's biggest bank FAB posts 16% drop in 2020 net profit

26/01 First Abu Dhabi Bank, UAE's biggest lender, on Tuesday posted a 16% drop in 2020 net profit on higher impairment charges as the economy suffered from the coronavirus pandemic.. . .  Full story

Algeria's oil producer Sonatrach expects output, sales increase in 2021 -state news agency

26/01 Algeria's state oil and gas company Sonatrach expects to increase production and sales in 2021, the North African nation's state news agency cited Chief Executive Officer Toufik Hakkar as saying on Tuesday.. . .  Full story

Saudi Arabia raises $5.5 billion via dual-tranche bonds

26/01 Saudi Arabia launched $5.5 billion in a dual-tranche bond sale on Tuesday with tenors of 12 and 40 years, a document showed, as it seeks to plug a large fiscal deficit.. . .  Full story

Indian farm protesters battle police to plant flags at historic Red Fort

26/01 Thousands of Indian farmers protesting against agricultural reforms on Tuesday overwhelmed police and stormed into the historic Red Fort complex in New Delhi after tearing down barricades and driving tractors through roadblocks.. . .  Full story

China's 2020 gold imports via Hong Kong sink as virus hits demand

26/01 China's net gold imports via Hong Kong in December rose for a second straight month, although imports for the year plunged by 85% as the coronavirus took its toll on the country's economy and. . .  Full story

Israel's Airobotics eyes Tel Aviv IPO, drone deal in Dubai

26/01 Israeli drone technology firm Airobotics is preparing for an initial public offering (IPO) in Tel Aviv this year and is also close to clinching deals in the United Arab Emirates (UAE), chief executive officer. . .  Full story

Egypt using development finance to boost private sector-minister

26/01 Egypt will push development financing as a way to expand private sector engagement, leveraging support obtained during the coronavirus pandemic, with a focus on green projects and sustainable growth, the international cooperation minister said.. . .  Full story

Saudi economy forecast to grow 2.6% this year - IMF

26/01 Saudi Arabia's economy will grow 2.6% this year, the International Monetary Fund (IMF) said on Tuesday, after the economy of the world's top oil exporter shrank last year due to low oil prices and. . .  Full story

China tells big cities to cool overheating property market

26/01 China's deputy housing minister has urged authorities in major cities to take steps to curb property market speculation following a recent surge in residential real estate prices, state media Xinhua reported on Tuesday.. . .  Full story

BOJ's Kuroda says monetary policy has 'some limits'

26/01 Bank of Japan Governor Haruhiko Kuroda said on Tuesday there were limits to what monetary policy can do, as years of massive money printing have failed to drive prices sustainably higher.. . .  Full story

India retains ban on 59 Chinese apps, including TikTok

26/01 India has decided to retain its ban on video app TikTok and 58 other Chinese apps after reviewing responses from the companies on issues such as compliance and privacy, two sources with direct knowledge. . .  Full story

Japan's lower house passes controversial extra budget featuring travel campaign

26/01 Japan's powerful lower house of parliament approved this fiscal year's third extra budget on Tuesday, despite criticism it focuses too much on a government tourism campaign rather than address imminent medical needs as COVID-19 infections. . .  Full story

Shares in Fukushima operator Tepco surge amid hopes for nuclear restart

26/01 Shares of Tokyo Electric Power Co (Tepco), owner of the defunct Fukushima nuclear plant, extended a rally on Tuesday that has seen the stock gain nearly 60% this month, making some analysts wary that. . .  Full story

China battery maker Eve and its parent to invest in Huayou Cobalt

26/01 Chinese battery maker Eve Energy Co said on Tuesday the company and its controlling shareholder would invest 1.8 billion yuan ($278 million) in cobalt producer Zhejiang Huayou Cobalt via a private share placement.. . .  Full story

S&P revises SoftBank outlook to stable as rating agencies diverge

26/01 S&P Global Ratings said on Tuesday it has revised SoftBank Group Corp's outlook to stable from negative in a vote of confidence in the conglomerate after it sold down assets following a series of. . .  Full story

China state-owned firms' Dec profits rise 13.8% y/y - finance ministry

26/01 The profits of China's state-owned firms rose 13.8% year on year in December, according to a notice from the Ministry of Finance.. . .  Full story

HK shares close 2.5% lower as stimulus concerns dent risk appetite

26/01 Hong Kong shares slumped 2.5% on Tuesday, pulling back sharply from the previous session's rally, as global investor concerns over the timing of aggressive U.S. stimulus and rising Sino-U.S. tensions whacked risk appetite.. . .  Full story

Thailand approves cuts on property tax, fees to ease virus impact

26/01 Thailand's cabinet on Tuesday approved a cut on property tax and other fees for this year, foregoing revenue of about 41 billion baht ($1.37 billion) to help ease the impacts of its latest coronavirus. . .  Full story

China shares end lower amid speculation of policy tightening

26/01 China's blue-chip stock index fell on Tuesday, marking its biggest daily loss since September after touching a 13-year high in the previous session, amid tightening liquidity conditions and Sino-U.S. tensions.. . .  Full story

Thailand may see 1 mln tourism job losses in Q1 after new outbreak

26/01 Thailand could see a million more jobless tourism workers in the first quarter after its latest wave of coronavirus infections, while relief measures are urgently needed to support the struggling sector, a private tourism group. . .  Full story

-China's peak Lunar New Year air travel season fizzles as COVID cases rise

26/01 Iphie Nie, a 30-year-old designer in Beijing who usually travels to visit family in her hometown of Shenzhen during the Lunar New Year has, like many Chinese, reluctantly decided against booking a flight for. . .  Full story

China's overnight repo nearly doubles on tighter cash conditions

26/01 China's overnight repo traded on the Shanghai stock exchange surged to a high of 5.4% on Tuesday afternoon, up 242.5 basis points from the previous close of 2.975%.. . .  Full story

Chinese air passengers can request refunds for Jan 28 to Mar 8 flights

26/01 Chinese airline passengers who bought tickets for flights between Jan. 28 and March 8 can request a full refund, the Civil Aviation Administration said on Tuesday, as rising COVID-19 cases curtail travel during the upcoming. . .  Full story

India likely to double health spending next fiscal year -sources

26/01 India is likely to double health spending in the next fiscal year with the aim of raising expenditure in the sector to 4% of gross domestic output in the coming four years, two. . .  Full story

Gulf's 2021 rebound likely to be slower than previously forecast

26/01 Forecasts for economic recoveries in the six-member Gulf Cooperation Council in 2021 have been trimmed while expectations for gross domestic product declines last year were mixed in a quarterly Reuters survey of analysts released on. . .  Full story

Indonesia raises economic recovery budget to $39 bln

26/01 Indonesia has raised its budget for the National Economic Recovery programme to 553.09 trillion rupiah ($39.4 billion), increasing fiscal support for a country struggling to contain its coronvirus outbreak, a minister said on Tuesday.. . .  Full story

China blue-chips pull back from 13-year highs, Sino-U.S. tensions weigh

26/01 China shares fell on Tuesday, with blue chips pulling back from a 13-year high touched in the previous session, as investors locked in profits in high-flying consumer firms, and as investor concerns continued to. . .  Full story

Most JGB yields fall after solid 40-year auction

26/01 Yields on most Japanese government bonds (JGBs) fell on Tuesday after an auction of 40-year notes witnessed solid demand, easing concerns around investors' low appetite for new debt.. . .  Full story

Tokyo's apartment prices rise to near bubble-era high in 2020 -data

26/01 Prices of newly-built apartments in the Tokyo area rose 1.7% last year, approaching the record highs seen during Japan's asset-inflated bubble era that ended in the early 1990s, the country's Real Estate Economic Institute said.. . .  Full story

S.Korea Q4 GDP beats expectations, poised for strong 2021 rebound

26/01 South Korea's economy grew at a faster-than-expected pace in the fourth quarter as it ended the coronavirus-stricken year solidly poised for a recovery in 2021 thanks to surging exports.. . .  Full story

Japan's ANA to suspend 16 international routes in summer

26/01 Top Japanese airline ANA Holdings Inc said on Tuesday it would suspend 16 international routes and reduce service to three other routes during the summer as the COVID-19 pandemic restricts travel around the world.. . .  Full story

India to impose permanent ban on 59 Chinese apps, including TikTok - Indian media

25/01 India's ministry of electronics and information technology has issued fresh notices to make permanent a ban imposed on video app TikTok and 58 other Chinese apps in June, Indian media reported late on Monday.. . .  Full story

OPEC+ Jan compliance with oil cuts reaches 85% -Petro-Logistics

25/01 OPEC+ compliance with pledged oil output curbs is averaging 85% so far in January, tanker tracker Petro-Logistics said on Monday, suggesting the group had improved its adherence to pledged supply curbs.. . .  Full story

Libyan oil guards allow work to resume at two main ports

25/01 Libya's Petroleum Facility Guards (PFG) have ended their brief blockade of the ports of Ras Lanuf and Es Sider, allowing oil exports to resume there, al-Waha Oil Co said on Monday.. . .  Full story

Why are pirates attacking ships in the Gulf of Guinea?

25/01 Pirates are stepping up attacks on ships in West Africa's Gulf of Guinea, defying regional navies. On Saturday, pirates off Nigeria kidnapped 15 sailors from a Turkish container ship and killed one.. . .  Full story

New Saudi chief may face monetary strains in investment push

25/01 The new governor of the Saudi Central Bank faces the delicate task of balancing the need to preserve monetary reserves amid steep fiscal targets with potential support for Crown Prince Mohammed bin Salman's ambitious investment. . .  Full story

Indian farmers ride caravan of tractors into capital ahead of Republic Day

25/01 Caravans of tractors clogged a key highway in northern India on Monday as tens of thousands of farmers protesting against agriculture reforms streamed into the capital ahead of Republic Day, and police said they. . .  Full story

Hong Kong's Cathay Pacific warns of capacity cuts, higher cash burn

25/01 Cathay Pacific Airways Ltd on Monday warned passenger capacity could be cut by about 60% and monthly cash burn may rise if Hong Kong installs new measures that require flight crew to quarantine for. . .  Full story

China approves local banks' convertible bonds for boosting capital

25/01 China's central bank said on Monday it has approved two local banks to issue convertible bonds to replenish their capital, in a bid to shore up banks and support struggling small firms amid the. . .  Full story

Turkey plans to produce 100 tonnes of gold annually in 5 yrs -minister

25/01 Turkey aims to increase its domestic gold production to 100 tonnes a year or more in the next five years, Energy Minister Fatih Donmez said on Monday.. . .  Full story

Lebanon central bank head says figures in some media about Swiss case 'inflated'

25/01 Lebanon's Central Bank Governor Riad Salameh said on Monday that figures circulating in some news outlets and on social media relating to an inquiry by the Swiss authorities into allegations of money laundering and embezzlement. . .  Full story

Thailand's December tourist arrivals down 99.8% y/y to 6,500

25/01 Thailand recorded just 6,556 foreign tourists in December, a fraction of its usual number, as part of a gradual easing of tight entry requirements aimed at keeping coronavirus infections under control.. . .  Full story

China's to examine fintech firms for illegal credit scoring business

25/01 China’s central bank will look into and punish illegal personal credit scoring businesses, a central bank official said on Monday, as the government tightens regulation on fintech firms who collect and use personal data. . .  Full story

Indian shares end lower as Reliance drags, investors book profits

25/01 Indian shares ended a volatile session lower on Monday, as investors booked profits ahead of a market holiday and shares of Reliance Industries weighed on the main indexes after the conglomerate reported a decline. . .  Full story

Vietnam's Vingroup to raise $303.6 mln via bonds for phones, autos units

25/01 Vingroup, Vietnam's biggest listed company, is seeking to raise 7 trillion dong ($303.6 million) through issue of domestic bonds this year to fuel its automobile and smartphone units, the company said in a statement.. . .  Full story

Hong Kong stocks gain on mainland buying; tech hits record high

25/01 Hong Kong shares climbed more than 2% on Monday as mainland investors continued to buy into the market via the Stock Connect, with tech and material stocks leading the pack.. . .  Full story

Dalian iron ore futures trade range-bound as steel demand drops

25/01 Benchmark iron ore futures in China were trading in a narrow range on Monday, following a fifth straight weekly drop in mills' utilisation rates, although falling shipments from Australia supported prices.. . .  Full story

Libya oil guards halt exports in dispute

25/01 Libya's Petroleum Facilities Guard has halted all oil exports from the ports of Ras Lanuf, Es Sider and Hariga, in what it said in a statement was a dispute over pay.. . .  Full story

China stocks close higher as consumer firms lend support

25/01 China shares ended higher on Monday, underpinned by consumer and liquor stocks, though gains were limited by Sino-U.S. tensions.. . .  Full story

JGBs flat on caution BOJ may further trim its buying

25/01 Japan's benchmark 10-year government bond yields were flat, struggling to keep up with the drop in U.S. Treasury yields, as some market players were nervous the Bank of Japan could reduce its bond-buying when. . .  Full story

Japanese shares gain tracking U.S. futures; tech and pharma stocks boost

25/01 Japanese shares rose on Monday, erasing early losses, led by tech and pharma stocks as U.S. futures rose on hopes that lawmakers would soon pass a massive economic stimulus to revive growth in the. . .  Full story

Thailand to sell $2 bln savings bonds to finance stimulus measures

25/01 Thailand will sell 60 billion baht ($2 billion) of government savings bonds next month to help finance stimulus measures to mitigate the impact of its latest coronavirus outbreak, the finance ministry said on Monday.. . .  Full story

Malaysia's Jan 1-25 palm oil exports fall 35.1% -AmSpec Agri

25/01 Exports of Malaysian palm oil products for Jan. 1-25 fell 35.1% to 872,707 tonnes from 1,343,799 tonnes shipped during Dec. 1-25, according to independent inspection company AmSpec Agri Malaysia on Monday.. . .  Full story

Indonesia FDI picks up in Q4, but down in 2020 due to virus impact

25/01 Foreign direct investment (FDI) into Indonesia in the fourth quarter last year rose 5.5% to 111.1 trillion rupiah ($7.92 billion), despite a slowdown earlier in the year, data from the country's investment board showed on. . .  Full story

Indonesia 2020 agriculture exports up 15.8% y/y

25/01 Indonesian agricultural exports grew 15.8% in 2020 compared to the year earlier, the country's agriculture minister told parliament on Monday.. . .  Full story

Hong Kong shares jump on mainland buying, tech hits record high

25/01 Hong Kong shares climbed more than 2% on Monday as mainland investors continued to buy into the market via the Stock Connect, with tech and material stocks leading the pack.. . .  Full story

China's Kuaishou aims to raise up to $5.42 bln in Hong Kong IPO

25/01 Chinese online video company Kuaishou Technology is aiming to raise $4.95 billion to $5.42 billion in an initial public offering (IPO) that will be the largest in Hong Kong for more than a year,. . .  Full story

Japanese shares track U.S. futures higher, tech leads gains

25/01 Japanese shares shook off early weakness on Monday, led by tech and pharma stocks, as U.S. futures rose on hopes that lawmakers would soon pass a massive economic stimulus to revive growth in the. . .  Full story

Saudi Arabia names Fahad al-Mubarak as new central bank governor

24/01 Saudi Arabia's king appointed Fahad al-Mubarak as central bank governor, his second stint in one of the most sensitive positions in the kingdom replacing Ahmed al-Kholifey, a decree carried on state media on Sunday said.. . .  Full story

UAE cabinet approves debt strategy to build local currency bond market

24/01 The United Arab Emirates cabinet approved a public debt strategy aimed at developing the Gulf state's market for local currency bonds, the UAE’s vice president said in a tweet on Sunday.. . .  Full story

China Evergrande New Energy Vehicle Co attracts investors to raise $3.4 bln

24/01 Property giant China Evergrande's Hong-Kong listed electric vehicles firm said on Sunday it would bring in six new investors to raise HK$26 billion ($3.4 billion) to fund technology research and repay debt.. . .  Full story

Sumitomo Corp to stop investing in new oil development projects-Nikkei

24/01 Japanese trading house Sumitomo Corp will stop investing in new oil development projects as it shifts away from fossil fuels businesses amid a global push to cut greenhouse gas emissions, the Nikkei business daily reported. . .  Full story

China copper producer Zhongtiaoshan closes in on backdoor listing

23/01 Chinese copper producer Zhongtiaoshan Non-ferrous Metals Group is close to securing a backdoor listing for smelting unit Northern Copper after Shenzhen-traded Nafine Chemical Industry Co announced details of a planned restructuring.. . .  Full story

Orange sells 1.3 bln euros worth of fixed fibre assets in France

23/01 Orange, France's leading telecoms operator, said late on Friday that it agreed to sell part of its fixed fibre assets in the country to a consortium of three investors for about 1.3 billion euros. . .  Full story

Indian farmers to step up protests after rejecting offer to defer controversial new laws

22/01 Indian farmers on Friday rejected an offer by the government to defer three farm reform laws for one-and-half years, warning they would step up protests as they seek a repeal of the laws and. . .  Full story

Pakistan cenbank keeps rates at 7%, plans to stay on hold in near future

22/01 Pakistan's central bank kept interest rates steady at 7% on Friday, indicating that it would keep them on hold in the near future as it seeks to balance economic headwinds from the COVID-19 pandemic. . .  Full story

Indian shares end lower as banks, metals drag; Reliance results in focus

22/01 Indian shares ended lower on Friday, slipping from record levels hit in the previous session on weakness in bank and metals stocks, while investors eyed heavyweight Reliance Industries' quarterly results.. . .  Full story

Demand lull to pause copper's blistering rally

22/01 Copper's rapid recovery in recent months is expected to pause, but it will pick up momentum after the Chinese New Year holiday as demand gradually overtakes supply leaving the market with a substantial deficit.. . .  Full story

China's antitrust moves not aimed at private sector nor specific firms, regulator says

22/01 China's recent antitrust measures are not aimed at its private sector and do not seek to hinder the development of such firms, a senior banking and insurance regulator said on Friday, as the country. . .  Full story

China finds coronavirus cluster in major chicken processing plant

22/01 China reported its first cluster of COVID-19 cases among workers in a meat processing plant, raising fears among local consumers who have until now mainly worried about the safety of imported foods.. . .  Full story

Shanghai Stock Exchange moves to cool down trading of listed funds

22/01 The Shanghai Stock Exchange (SSE) halted trading in several listed funds on Friday, in an apparent effort to pour cold water on a retail buying frenzy.. . .  Full story

Singapore Exchange, Temasek tie up for digital asset venture

22/01 Singapore Exchange Ltd and Singapore state investor Temasek Holdings are jointly starting a digital assets venture that will focus on capital market products such as bonds.. . .  Full story

Japan's Shiseido in talks to sell lower-priced brands to CVC

22/01 Japanese cosmetics firm Shiseido Co Ltd said on Friday it was in talks to sell its lower-priced skincare and shampoo brands to private equity firm CVC Capital Partners in a deal reported to be. . .  Full story

Hong Kong stocks fall as China's composite index slips when global rally pauses

22/01 Hong Kong stocks ended lower on Friday, the biggest daily percentage drop since Nov. 30, as investors locked in gains following recent strength and China's composite stock index slipped amid a breather in the. . .  Full story

Chinese banks dispose of $467 bln soured assets in 2020, pressure remains

22/01 China's banking sector disposed of 3.02 trillion yuan ($466.6 billion) in non-performing assets in 2020, its top banking and insurance watchdog said on Friday, up more than 50% from a year ago.. . .  Full story

Japan slashes spending view for 2nd straight month in Jan report

22/01 Japan's government cut its view on consumption for the second consecutive month in January, as services spending suffered from the impact of anti-coronavirus emergency measures rolled out earlier this month.. . .  Full story

World Bank approves $500 mln financing for Indonesia disaster response

22/01 The World Bank said on Friday it has approved a $500 million loan for Indonesia to strengthen its financial response to natural disasters, climate risks, and health-related shocks.. . .  Full story

Stock bubble worries push Chinese investors from home to Hong Kong

22/01 As China's blue-chip index approaches an all-time high, growing fears about bubbles developing in some parts of the country's stock market are prodding some investors to seek bargains in Hong Kong.. . .  Full story

China composite stock index slips, blue-chips rise as global rally pauses

22/01 China's composite stock index edged lower on Friday, while the blue-chip average ended slightly higher, as investors locked in profits in other Asian markets after a recent rally boosted by a coronavirus stimulus plan by. . .  Full story

Nikkei slips from 30-year peak as focus shifts to corporate earnings

22/01 Japanese shares retreated from a 30-year peak on Friday, as investors refrained from placing big bets ahead of the corporate earnings season while some locked in profit after a recent rally, which was driven. . .  Full story

Thai exports seen up 4% this year on rising global demand - govt

22/01 Thailand's exports are expected to rise 4% in 2021 after declining 6% last year, while an unexpected increase in shipments was recorded in December as demand from major markets improved, the commerce ministry said on. . .  Full story

Hong Kong money rates drop to multi-year lows on capital inflows

22/01 Heavy foreign flows into Hong Kong's stock market drove borrowing costs to multi-year lows this week, prompting investors to suspect there won't be any need for the customary official liquidity support ahead of the upcoming. . .  Full story

Japan Dec factory output, retails sales seen falling in blow to GDP outlook

22/01 Japan's industrial production likely declined again in December and retail sales are also expected to have slipped, a Reuters poll found, reinforcing worries a recent sharp increase in COVID-19 cases could derail a fragile economic. . .  Full story

Shanghai imposes tougher rules on city's property market

22/01 China's financial hub Shanghai will impose tougher regulations on its property market from Friday in response to a heating up of its residential property market.. . .  Full story

China, Hong Kong stocks slip on profit-taking after recent rally

22/01 China stocks slipped on Friday, tracking weakness in other Asian markets, with investors locking in gains after a recent rally driven by hopes of more economic stimulus from incoming U.S. President Joe Biden to temper. . .  Full story

Malaysia's Dec CPI falls 1.4% y/y, in line with forecast

22/01 Malaysia's consumer price index (CPI) fell 1.4% from a year earlier in December, largely due to lower fuel prices, government data showed on Friday.. . .  Full story

Japan's energy imports fall to multi-year lows in pandemic year

22/01 Japan's oil imports fell to the lowest in more than 50 years last year as the pandemic hit economic activity and speeded a long-term decline, while other energy purchases fell to decade lows, Reuters. . .  Full story

Japan's MUFG Bank to introduce fees on dormant accounts from July

22/01 The banking unit of Japan's Mitsubishi UFJ Financial Group Inc said on Friday it would introduce maintenance fees on dormant accounts from July, in a fee system overhaul to ride out the impact of. . .  Full story

Hong Kong to place tens of thousands in lockdown for first time - report

22/01 Hong Kong will place tens of thousands of its residents in a lockdown to contain a new outbreak of the coronavirus, the first such measure the Chinese-ruled city has taken since the pandemic began,. . .  Full story

Indonesia may cut policy rate but focus is on lower bank lending rate

22/01 Indonesia's central bank has room for further policy rate cuts but at the moment is focusing on getting banks to lower their lending rates, Bank Indonesia (BI) Governor Perry Warjiyo said in a virtual. . .  Full story

Japan's Nikkei retreats from 30-year high as corporate earnings loom

22/01 Japanese shares retreated from a 30-year peak on Friday, as investors refrained from placing big bets ahead of the corporate earnings season while some locked in profit after the recent rally in global equities.. . .  Full story

-AirAsia Group to raise up to $113 mln via private placement

22/01 AirAsia Group plans to undertake a private placement to raise up to 454.5 million ringgit ($113 million) to address immediate and near-term cash flow requirements, the Malaysian budget airline group said on Thursday.. . .  Full story

Japan's consumer prices fall at decade-fast pace, add to deflation fears

22/01 Japan's core consumer prices slumped in December at the fastest annual pace in a decade, a sign of intensifying deflationary pressures that sharpen the case for the central bank to come up with better. . .  Full story

EXCLUSIVE-Iraq cuts crude oil supplies for most Indian refiners in 2021- sources

22/01 Iraq has reduced annual supplies of Basra crude oil to several Indian refiners by up to 20% for 2021, industry sources said, in a rare move by OPEC's second-largest producer which is trying to. . .  Full story

S.Korea's Q4 growth likely slowed as exports recovery tempered by virus impact

22/01 The South Korean economy likely grew at a slower pace in the fourth quarter as a boost in exports was partially offset by sluggish domestic demand due to toughened COVID-19 social distancing measures since. . .  Full story

Japan's factory activity contracts as state of emergency weighs - PMI

22/01 Japan's factory activity slipped into contraction in January and the services sector was more pessimistic, a private-sector survey showed on Friday, as emergency measures taken in response to a resurgence of COVID-19 infections hurt sentiment.. . .  Full story

New China swine fever strains point to unlicensed vaccines

22/01 A new form of African swine fever identified in Chinese pig farms is most likely caused by illicit vaccines, industry insiders say, a fresh blow to the world's largest pork producer, still recovering from. . .  Full story

Oil steadies after unexpected build in U.S. crude stockpiles

21/01 Oil prices steadied on Thursday after industry data showed a surprise increase in U.S. crude inventories that revived pandemic-related fuel demand concerns, while U.S. stimulus hopes buoyed prices.. . .  Full story