Reuters Asia Business

By Lisa Barrington and Jeslyn Lerh SEOUL/SINGAPORE (Reuters) -Congestion at Singapore’s container port is at its worst since the COVID-19 pandemic, a sign of how prolonged vessel re-routing to avoid Red Sea attacks has disrupted global ocean shipping – with bottlenecks also appearing in other Asian and European ports. Retailers, manufacturers and other industries that …

Singapore port congestion shows global ripple impact of Red Sea attacks Read More »

BEIJING (Reuters) – Tencent Holdings Ltd’s newly launched “Dungeon & Fighter” (DnF Mobile) has got off to a strong start, dominating top-grossing charts on Apple’s iOS platform in China for nearly a month, industry data showed. The game, launched in the world’s biggest gaming market on May 21, broke the $100 million revenue mark in …

Tencent’s ‘Dungeon & Fighter’ game dominates China’s mobile download charts Read More »

By Alexandra Alper WASHINGTON (Reuters) -The Biden administration is investigating China Mobile, China Telecom and China Unicom over concerns the firms could exploit access to American data through their U.S. cloud and internet businesses by providing it to Beijing, three sources familiar with the matter said. Authorities at the Commerce Department are running the investigation, …

Exclusive-US probing China Telecom, China Mobile over internet, cloud risks Read More »

JAKARTA (Reuters) -A former chief executive of Indonesia’s state energy firm Pertamina has been sentenced to nine years in jail for graft in a case related to a long-term contract to procure liquefied natural gas from a unit of U.S. company Cheniere Energy. The Central Jakarta Corruption Court on Monday found Karen Agustiawan guilty of …

Former CEO of Indonesia’s Pertamina jailed over Cheniere LNG contract Read More »

(Reuters) -U.S. energy major Exxon Mobil said on Tuesday it had signed a non-binding agreement to supply lithium from its proposed Arkansas project to South Korean EV battery maker SK On. The agreement has the potential to be a multi-year offtake deal of up to 100,000 metric tons, the company said. Exxon in November announced …

Exxon, South Korea’s SK On sign non-binding deal for lithium supply Read More »

(Reuters) – Amnesty International UK said on Tuesday Shein’s potential London initial public offering would be a “badge of shame” for the London Stock Exchange because of the fast-fashion firm’s “questionable” labour and human rights standards. Shein confidentially filed papers with Britain’s markets regulator in June, two sources told Reuters on Monday, kicking off the …

Shein’s potential IPO to be a ‘badge of shame’ for LSE, Amnesty International says Read More »

By Jihoon Lee and Cynthia Kim SEOUL (Reuters) -Finance ministers of South Korea and Japan used a bilateral meeting in Seoul on Tuesday to express a shared concern about sharp declines in their currencies and vowed to take steps to defend them. South Korean Finance Minister Choi Sang-mok and Japanese Finance Minister Shunichi Suzuki said …

South Korea, Japan vow to take steps to defend their currencies Read More »

By Kentaro Sugiyama and Makiko Yamazaki TOKYO (Reuters) – Japanese Chief Cabinet Secretary Yoshimasa Hayashi said on Tuesday authorities would respond appropriately to excessive currency volatility, in a fresh warning as the yen weakens towards to the key 160 per dollar level. Hayashi, the top government, spokesperson told reporters excessive volatility in foreign exchange is …

Japan to respond appropriately to excessive yen volatility, official says Read More »