Reuters Asia Business

By Roberto Samora and Ana Mano SAO PAULO (Reuters) – China’s potential imposition of anti-dumping measures on European Union pork imports, a disastrous scenario for the bloc, could benefit Brazil’s exporters but also affect the country’s ability to compete elsewhere, analysts and industry sources said. Chinese companies have asked for an anti-dumping probe into pork …

Potential China action against EU pork may be double-edged sword for Brazil Read More »

By Uditha Jayasinghe COLOMBO (Reuters) -The International Monetary Fund (IMF) said on Thursday that Sri Lanka’s agreements with China and other creditor nations to restructure about $10 billion in bilateral debt took the island nation a step closer towards restoring debt sustainability. Sri Lanka signed deals with China and other creditor nations to restructure about …

Sri Lanka debt deal key to restoring debt sustainability, IMF says Read More »

By Kane Wu HONG KONG (Reuters) – Financial advisory fees from mergers and acquisitions in Asia dropped to the lowest levels in 11 years in the first half of 2024, with little signs of a quick rebound amid declines in both announced and completed deals. M&A fees in Asia totalled $1.5 billion in the first …

Asia M&A fees drop to 11-year low amid slow-cooked deals, data shows Read More »

By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s government said on Thursday its economy was gradually recovering, but warned in its monthly report that high interest rates in the United States and Europe risked damaging its own economy, as well as theirs. A Cabinet Office official, who compiled the monthly report for June said these risks …

Japan warns prolonged high U.S., Europe interest rates Read More »

BEIJING (Reuters) -China hopes negotiations will lead to a “mutually acceptable solution” with the European Union on preliminary tariffs on Chinese electric vehicles (EV) scheduled to take effect on July 4, its commerce ministry said on Thursday. Beijing wants the EU to scrap plans to impose the curbs, Chinese state media reports, but Brussels has …

China hopes for EV tariff deal with EU that suits both sides Read More »

By Allison Lampert, David Shepardson SEATTLE/WASHINGTON (Reuters) -Boeing is resuming widebody jet deliveries to China which were halted in recent weeks due to a Chinese regulatory review, according to a source familiar with the matter. Boeing was not immediately available for comment. Deliveries of widebody 777 and 787 planes are expected to be delivered in …

Boeing resuming widebody airplane deliveries to China, source says Read More »

(Reuters) – Volvo will postpone the U.S. deliveries of its EX30 electric car as it shifts production of the compact SUV out of China in the wake of tariff hikes, Bloomberg News reported on Wednesday. The EX30’s shipments to the United States were due this fall, but the automaker won’t deliver the cars until 2025 …

Volvo to delay EX30’s US shipments due to higher tariffs on Chinese imports, Bloomberg News reports Read More »

By Jonathan Stempel (Reuters) – Jho Low, the fugitive Malaysian financier, will forfeit more than $100 million including a luxury Paris apartment and works by Claude Monet and Andy Warhol to settle civil forfeiture cases over his role in the 1MDB bribery and embezzlement scandal. The U.S. Department of Justice announced the forfeiture on Wednesday, …

US to recover Monet, Warhol from fugitive financier Jho Low over 1MDB scandal Read More »