Reuters Asia Business

By Aditi Shah, Daniel Leussink and Maki Shiraki TOKYO (Reuters) -Toyota, Honda and Suzuki are spending billions of dollars to build new cars and factories in India, a sign of the country’s growing importance as a manufacturing hub as Japanese automakers redraw global supply chains to reduce dependence on China. Toyota, the world’s largest carmaker, …

Toyota, Honda turn India into car production hub in pivot away from China Read More »

(Reuters) -Nvidia CEO Jensen Huang has warned that China will beat the United States in the artificial intelligence race, the Financial Times reported on Wednesday. “China is going to win the AI race,” Huang told the newspaper on the sidelines of the Financial Times’ Future of AI Summit. “As I have long said, China is …

Nvidia’s Jensen Huang: ‘China is going to win the AI race,’ FT reports Read More »

(Corrects paragraph 4 to clarify the production capacity numbers are from before the U.S. Steel takeover) By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) -Nippon Steel, Japan’s biggest steelmaker, said it expects to report a 14% fall in annual profit before one-offs for the current fiscal year, but that excluded its outlook for U.S. Steel, …

Nippon Steel excludes US Steel from profit guidance on ‘significant’ market challenges Read More »

By Joe Cash, Ella Cao and Ethan Wang BEIJING (Reuters) -China will suspend retaliatory tariffs on U.S. imports, including duties on farm goods, after last week’s meeting of the two countries’ leaders, Beijing confirmed on Wednesday, but imports of U.S. soybeans still face a 13% tariff. The tariff commission of the State Council, or cabinet, …

Beijing lifts some tariffs on US farm goods but soybeans stay costly Read More »

By Anton Bridge and Rae Wee TOKYO (Reuters) -From the launch of new products and services in Japan to facilitating leveraged trading bets, crypto exchanges and some financial firms are rushing to cash in on rising investor enthusiasm for digital assets amid hopes of easing regulations. The recent surge underscores a higher appetite for riskier …

Analysis-Japan’s crypto players jostle for market share on regulatory easing hopes Read More »

By David Shepardson WASHINGTON (Reuters) -Toyota Motor said Wednesday it is recalling 1.02 million vehicles in the United States due to a flaw that may cause a rear-view camera to fail, boosting the risk of a crash. The recall covers certain 2022 through 2026 Toyota and Lexus model year vehicles — including Camry, Highlander, RAV4, …

Toyota recalling 1.02 million US vehicles over rear camera flaw Read More »