Reuters Asia Business

PARIS (Reuters) – French cognac producers are “deeply” worried about the results of a Chinese probe into European cognac imports, a trade body said on Wednesday, after the European Commission imposed tariffs on imports of Chinese electric vehicles. The European Commission told automakers on Wednesday it would impose extra duties of up to 38.1% on …

French cognac makers ‘deeply concerned’ after EU slaps tariffs on Chinese EVs Read More »

CANBERRA (Reuters) – Australian wine makers shipped wine worth A$86 million ($57 million) to China in the month after Beijing lifted tariffs and should be confident of bumper sales going forward, the trade minister said on Wednesday. Australia exported wine worth $800 million to China in the year to November 2020, when Beijing blocked imports, …

Australian wine exports to China rocket after Beijing drops tariffs Read More »

BEIJING (Reuters) – China will take all necessary measures to “firmly safeguard” its lawful rights and interests after a newspaper reported that the European Commission would impose tariffs of up to 25% on imported Chinese electric vehicles (EVs), its foreign ministry said on Wednesday. After an eight-month long investigation, the Commission, which oversees trade policy …

China ready to defend interests as EU tariffs on EVs loom Read More »

BANGKOK (Reuters) – Thailand’s central bank left its key interest rate unchanged for a fourth straight meeting on Wednesday, as widely expected, despite public calls by the government to reduce borrowing costs to help revive Southeast Asia’s second-largest economy. The Bank of Thailand’s (BOT) monetary policy committee voted 6-1 to hold the one-day repurchase rate …

Thai central bank holds key rate, despite government calls for cut Read More »

SEOUL (Reuters) – South Korean AI chip developers Rebellions Inc and Sapeon Korea Inc are pursuing a merger, Sapeon parent SK Telecom Co said on Wednesday, in the latest attempt in South Korea to challenge global AI chip leader Nvidia as a boom in artificial intelligence continues. The consolidation is aimed at winning the global …

South Korean AI chip developers Rebellions and Sapeon to merge Read More »

By Patturaja Murugaboopathy (Reuters) – Investors pulled back sharply from Japan-focused equity mutual funds in May, cashing out as a long rally in the market lost momentum and the prospect of interest rate hikes loom. According to LSEG Lipper, domestic and global equity mutual funds which primarily invest in Japanese stock markets sold assets worth …

Japan-focused equity mutual funds cash out as rally loses steam Read More »

By Sam Nussey TOKYO (Reuters) – Japan’s Advantest said on Wednesday booming demand for high bandwidth memory (HBM) used for artificial intelligence (AI) tasks is boosting its memory tester business. HBM, a type of high performance memory where chips are stacked to save space and reduce power consumption, is used when processing the large amount …

Japan’s Advantest says AI demand boosting memory tester business Read More »

By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s consumer inflation held steady in May while producer price declines eased, but the underlying trend suggests Beijing would need to do more to prop up feeble domestic demand and an uneven economic recovery. Weak consumption in China has kept a lid on consumer prices since 2023 …

China’s inflation steady, maintains pressure for more stimulus to boost demand Read More »