Reuters Asia Business

Marubeni to follow government guidance on Sakhalin-1 as US sanctions Rosneft

4 Nov 2025

By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) -Marubeni plans to follow the guidance of the Japanese government regarding its involvement in Russia’s Sakhalin-1 oil project after the U.S. government sanctioned the project’s key shareholder Rosneft, its CEO said on Tuesday.  Last month, the U.S. hit Russia’s major oil companies Rosneft and Lukoil with sanctions, …

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Toyota set for second straight quarterly profit drop as US tariffs weigh

4 Nov 2025

TOKYO (Reuters) -Japan’s Toyota Motor is expected to post a second consecutive quarterly operating profit decline on Wednesday, as U.S. tariffs and supply-chain risks weigh on its operations despite robust global sales of hybrid vehicles. The world’s best-selling automaker is forecast to report a 25% year-on-year profit drop to 863.1 billion yen ($5.72 billion) for …

Toyota set for second straight quarterly profit drop as US tariffs weigh Read More »

Thailand foreign tourist arrivals down 7.22% y/y so far this year

4 Nov 2025

BANGKOK (Reuters) -Thailand’s foreign tourist arrivals from January 1 to November 2 fell 7.22% from the same period a year earlier, the Tourism Ministry said on Tuesday. There were 26.89 million foreign visitors over the period, it said in a statement. Malaysia was the largest source market with 3.88 million visitors, followed by China with …

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Japan yet to achieve durable, wage-driven inflation, PM Takaichi says

4 Nov 2025

By Leika Kihara TOKYO (Reuters) -Japanese Prime Minister Sanae Takaichi said on Tuesday the country has yet to achieve sustainable inflation accompanied by wage gains, signaling her preference for the central bank to go slow in raising interest rates. While consumer inflation continues to hover around 3% due to rising food costs, Japan is still …

Japan yet to achieve durable, wage-driven inflation, PM Takaichi says Read More »

Japan’s Mitsubishi Corp sees six-month profit slump 42% on weak coal business

4 Nov 2025

TOKYO (Reuters) -Japanese trading house Mitsubishi Corp reported a six-month net profit of 356 billion yen ($2.4 billion) on Tuesday, down 42% from last year, due to a weaker Australian steelmaking coal business and the absence of capital gains. The company, in which Berkshire Hathaway holds a stake, kept its net profit forecast for the …

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Japan PM Takaichi launches economic HQ, gears up public investments

4 Nov 2025

By Makiko Yamazaki and Kentaro Sugiyama TOKYO (Reuters) -Japanese Prime Minister Sanae Takaichi’s government launched its economic strategy headquarters on Tuesday, aiming to boost the world’s fourth-largest economy with public investment focused on critical sectors such as chips and defence. Takaichi convened the headquarters’ inaugural meeting on Tuesday, a policy command centre aimed at revitalising …

Japan PM Takaichi launches economic HQ, gears up public investments Read More »

China to support renminbi stocks trading counter to increase access to Hong Kong equities

4 Nov 2025

HONG KONG (Reuters) -China will support the inclusion of a renminbi counter under a stock connect scheme that would for the first time allow mainland investors to trade Hong Kong-listed stocks in yuan, the latest policy effort to strengthen ties between the two markets and boost the currency’s international status. China Securities Regulatory Commission Vice …

China to support renminbi stocks trading counter to increase access to Hong Kong equities Read More »

China oil major Sinopec partners with South Korea’s LG Chem to develop battery materials

4 Nov 2025

By Sam Li and Chen Aizhu BEIJING/SINGAPORE (Reuters) -China’s Sinopec, the world’s biggest refiner by capacity, signed an agreement with South Korea’s LG Chem on Tuesday to jointly develop sodium-ion battery materials, in its first push into new energy and higher-value petrochemicals. The companies will focus on energy-storage systems and batteries for low-speed EVs in …

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Japan continues to monitor FX with high urgency, finance minister says

4 Nov 2025

By Makiko Yamazaki TOKYO (Reuters) -Japan Finance Minister Satsuki Katayama reiterated on Tuesday the government would continue to monitor foreign exchange movements with a high sense of urgency as the yen hit fresh eight-month lows. “At the previous press conference (on Friday), I strongly expressed my views after observing the developments over those two days,” …

Japan continues to monitor FX with high urgency, finance minister says Read More »

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