Reuters Asia Business

By Joe Cash BEIJING (Reuters) – Chinese firms reserve the right to request anti-subsidy and anti-dumping investigations into European dairy and pork imports, the country’s commerce ministry said on Thursday, when asked whether industry groups were lobbying it to do so. Following the European Commission’s announcement on Wednesday that it would impose extra duties of …

Chinese firms reserve right to request investigations into EU pork, dairy Read More »

By Helen Reid LONDON (Reuters) – Fast fashion retailer Shein, known for its China-made $5 tops and $10 dresses, has hiked prices by over a third on some core products, in a move likely to boost revenues ahead of its planned IPO, according to an analysis of its pricing strategy. Shein’s average price hikes exceeded …

Fast fashion retailer Shein hikes prices ahead of IPO Read More »

BANGKOK (Reuters) -An upcoming review of Thailand’s inflation target range by the central bank and finance ministry should increase the chance of a rate cut, Thai Prime Minister Srettha Thavisin said on Thursday. The central bank left its key interest rate unchanged at 2.5% for a fourth straight meeting on Wednesday, despite calls by the …

Thai PM says setting new inflation target range should increase rate cut chance Read More »

SEOUL (Reuters) – Samsung Electronics said on Thursday its chairman met with the heads of Meta, Qualcomm and Amazon this week to discuss cooperation and that topics included artificial intelligence, cloud services and chips. Meta’s Mark Zuckerberg invited Jay Y. Lee to his home on Tuesday and their discussions spanned AI as well as virtual …

Samsung chief Lee discusses cooperation with Meta, Amazon and Qualcomm Read More »

By James Davey LONDON (Reuters) – Fast-fashion group Shein committed to engage on issues including sustainability and ethical labour policies when it was allowed to join the British Retail Consortium (BRC), the head of the industry body told Reuters. Shein is stepping up preparations for a London listing but faces growing opposition from lawmakers, workers’ …

Shein committed to engage on sustainability, labour when joined UK retail group, BRC CEO says Read More »

By Florence Tan, Jonathan Saul and Yantoultra Ngui SINGAPORE/LONDON (Reuters) -Singapore’s Temasek Holdings is finalising the sale of some assets from liquefied natural gas (LNG) trading firm Pavilion Energy to Shell with a deal set to be completed in the coming days, two sources with knowledge of the matter said. The deal will provide Shell, …

Exclusive-Temasek to finalise deal with Shell for Pavilion Energy LNG asset sale, sources say Read More »

By Uditha Jayasinghe and Kanishka Singh COLOMBO (Reuters) -The International Monetary Fund (IMF) approved the second review of Sri Lanka’s $2.9 billion bailout, but the global lender warned the economy remains vulnerable despite signs of recovery and urged Colombo to do more to restructure a hefty debt burden. In a statement on Wednesday, the IMF …

IMF approves second review of Sri Lanka’s $2.9 billion bailout, warns of economic risks Read More »

By Polina Devitt LONDON (Reuters) – The United States imposed sanctions on Wednesday on several Hong Kong firms, including VPower Finance Security, for aiding trade in gold produced by an already sanctioned Russian miner, the U.S. Department of the Treasury said. In a new sanctions list, Washington sought to raise the pressure on Moscow over …

US sanctions Hong Kong, UAE firms for dealing with Russian gold Read More »