ASIA

Chinese growth will fall behind the rest of Asia for the first time since 1990

Chinese growth will fall behind the rest of Asia for the first time since 1990

China’s economic output will lag the rest of Asia for the first time since 1990, according to new World Bank forecasts that highlight the damage wrought by Xi Jinping’s zero-Covid policies and the collapse of the world’s largest real estate market. The World Bank has revised its forecast for gross domestic product growth in the …

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The gas crisis puts the LNG freight market in the hands of the energy giants

The gas crisis puts the LNG freight market in the hands of the energy giants

LONDON/SINGAPORE, Sept 27 (Reuters) – Soaring LNG freight prices have squeezed out dozens of smaller traders, concentrating business in the hands of a handful of international energy majors and big global trading houses. This grip is not expected to ease until 2026, when more liquefied natural gas (LNG) will begin to materialize and drive prices …

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Gas from Russia's Nord Stream 2 pipeline leaks into Baltic Sea

Gas from Russia’s Nord Stream 2 pipeline leaks into Baltic Sea

Join now for FREE unlimited access to Reuters.com Register BERLIN/COPENHAGEN, September 26 (Reuters) – Danish authorities on Monday asked ships to move away from a radius of five nautical miles off the island of Bornholm after a gas leak overnight from the former Russian Nord Stream 2 gas pipeline drained into the Baltic Sea. . …

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RPT Homebuyers in China occupy their 'rotten' and unfinished properties

RPT Homebuyers in China occupy their ‘rotten’ and unfinished properties

GUILIN, China, September 26 (Reuters) – For six months, Ms Xu’s home was a bedroom in a high-rise apartment in southern China’s Guilin city, which she bought there three years old, attracted by brochures extolling her views of the river. and clean city air. His living conditions, however, are far from those promised: unpainted walls, …

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EXCLUSIVE Grab sees no big layoffs despite market weakness

EXCLUSIVE Grab sees no big layoffs despite market weakness

A man walks past a Grab office in Singapore March 26, 2018. REUTERS/Edgar su Join now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept 25 (Reuters) – Grab, Southeast Asia’s largest ride-hailing and food delivery company, is not planning massive layoffs like some rivals have, and is hiring more selectively, while moderating its ambitions …

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Where to Look for Contagion Risk Beyond Emerging Markets

Where to Look for Contagion Risk Beyond Emerging Markets

Text size A complex of food stalls in Manila, Philippines, Veejay Villafranca/Bloomberg The parade of central banks – from the Bank of England to the Central Bank of the Philippines – following in the Federal Reserve’s footsteps with interest rate hikes this week has put a strain on market investors who usually watch the risk …

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Funds flow to Southeast Asian startups as China loses its shine

Funds flow to Southeast Asian startups as China loses its shine

A man walks past the city during the coronavirus disease (COVID-19) outbreak, in Singapore September 29, 2021. REUTERS/Edgar Su Join now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept 23 (Reuters) – Southeast Asian startups are enjoying a boom in fundraising by venture capital and buyout funds seeking bigger returns and shying away from …

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Analysis: Japan is chasing the intervention on the yen

Analysis: Japan is chasing the intervention on the yen

Japanese yen banknotes are seen in this illustration photo taken September 22, 2022. REUTERS/Florence Lo/Illustration Join now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept 23 (Reuters) – As the Bank of Japan enters the foreign exchange markets for the first time in decades to defend a battered yen, it faces many obstacles, chiefly …

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