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Asia

ABB gets $1.4 billion after completing power grids sale to Hitachi

BY Reuters  • December 28, 2022December 28, 2022
ZURICH (Reuters) – ABB has completed the sale of its remaining 19.9% stake in the power grids business it sold to Hitachi, the Swiss engineering and technology group said on Wednesday. Hitachi h[...]
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Asia Business Europe Updated

Russian pipeline gas exports to Europe collapse to a post-Soviet low

BY Reuters  • December 28, 2022December 28, 2022
By Vladimir Soldatkin MOSCOW (Reuters) – Russian gas exports to Europe via pipelines plummeted to a post-Soviet low in 2022 as its largest customer cut imports due to the conflict in Ukraine and[...]
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Asia Business Economy Europe Middle East Politics US

Russian rouble slumps again as volatile year-end trade continues

BY Reuters  • December 28, 2022December 28, 2022
By Alexander Marrow MOSCOW (Reuters) -The rouble weakened sharply on Wednesday, sliding to the 72 mark against the dollar, as sanctions on Russian oil and their probable impact on export revenues put[...]
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Asia Business Economy Europe Updated

Japan to make raising wages a top priority, says senior govt official

BY Reuters  • December 28, 2022December 28, 2022
By Leika Kihara TOKYO (Reuters) – Japan’s government will make raising wages a top priority in its economic policy next year, Deputy Chief Cabinet Secretary Seiji Kihara said on Wednesday.[...]
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Asia Business Economy Updated

TSX futures edge higher as investors eye China reopening

BY Reuters  • December 28, 2022December 28, 2022
(Reuters) – Futures for Canada’s main stock index edged up on Wednesday as investors returned from a long holiday weekend to global optimism over China moving towards reopening its economy[...]
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Asia Business Canada Economy

Academic close to Japan’s Kuroda says BOJ moving towards policy normalisation

BY Reuters  • December 28, 2022December 28, 2022
TOKYO (Reuters) – The Bank of Japan’s decision to raise its bond-yield ceiling could be the first step toward normalising ultra-easy policy, Takatoshi Ito, a Columbia University professor[...]
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Asia Business Economy

South Korea Dec exports to fall for third month as China demand still weak- Reuters poll

BY Reuters  • December 28, 2022December 28, 2022
By Jihoon Lee SEOUL (Reuters) – South Korea’s exports likely extended their falling streak to a third straight month in December, a Reuters poll showed on Wednesday, with demand from China[...]
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Asia Business Economy

NextDecade increases LNG supply volume in deal with China’s ENN

BY Reuters  • December 28, 2022December 28, 2022
SINGAPORE (Reuters) – U.S. liquefied natural gas (LNG) developer NextDecade Corp announced it will increase the volume of LNG supplies in a sales and purchase agreement signed with China’s[...]
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Asia Business US

Hong Kong November home prices ease to more than 5-yr low

BY Reuters  • December 28, 2022December 28, 2022
HONG KONG (Reuters) – Hong Kong private home prices dropped 3.3% in November to the lowest since August 2017, official data showed on Wednesday, as its housing market – one of the most una[...]
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Asia Business Economy
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