Reuters Asia Business

By David Shepardson and Allison Lampert (Reuters) -Boeing’s plane deliveries to China have been delayed in recent weeks due to a Chinese regulatory review of batteries related to the cockpit voice recorder, a source familiar with the matter told Reuters. The U.S. planemaker said in a statement it is working with Chinese customers on the …

Exclusive-Boeing deliveries to China delayed by state regulator review, source says Read More »

By Alexandra Alper WASHINGTON (Reuters) -The House Foreign Affairs Committee on Wednesday voted overwhelmingly to advance a bill that would make it easier for the Biden administration to restrict the export of artificial intelligence systems, citing concerns China could exploit them to bolster its military capabilities. The bill, sponsored by House Republicans Michael McCaul and …

US lawmakers advance bill to make it easier to curb exports of AI models Read More »

NEW YORK (Reuters) – Jury selection begins on Wednesday in the criminal trial of exiled Chinese businessman Guo Wengui, who U.S. prosecutors have accused of defrauding thousands of investors and supporters out of more than $1 billion. The trial before U.S. District Judge Analisa Torres in Manhattan could last into July. It is expected to …

Exiled Chinese businessman Guo Wengui goes on trial for fraud Read More »

By Anton Bridge TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida made a public push to woo foreign investment on Wednesday, pledging further capital markets reform and promoting asset management in a speech to hundreds of global investors in Tokyo. His appearance at a conference held by Wall Street bank Morgan Stanley was another example …

Japan’s Kishida makes public push on capital markets reform Read More »

By Mimosa Spencer (Reuters) -French luxury group LVMH will deepen its partnership with Alibaba to leverage the firm’s cloud and artificial intelligence capacities and boost its presence in China, the companies said on Wednesday. The world’s biggest luxury group, and the Chinese e-commerce giant first forged a partnership in 2019. The reinforced ties come as …

LVMH deepens partnership with Alibaba to boost tech presence in China Read More »

BRUSSELS (Reuters) – China should raise its import tariffs on large gasoline-powered cars to 25%, a government-affiliated auto research body expert told China’s Global Times newspaper as the country faces sharply higher U.S. auto import duties and possibly additional duties to enter the European Union Liu Bin, chief expert of China Automotive Technology & Research …

China should hike tariffs on large cars to 25%, says research body Read More »

BEIJING (Reuters) – China will control the intertwined risks in the property sector, local government debt and small local financial institutions, Vice Premier He Lifeng said on Tuesday. China is seeking to restore confidence in its financial system, which is mired in a property crisis and mounting local government debt, as the economy faces a …

China will control property sector risk, says vice premier Read More »

By Xie Yu HONG KONG (Reuters) – A major geopolitical conflict is the top risk for global family offices in both the near- and medium-term, while North America and Asia Pacific are set to become the top destinations for fresh asset allocations, a recent UBS survey found. Among global peers, North Asian family offices are …

Geopolitical risks top concern for global family offices, UBS survey shows Read More »

TOKYO (Reuters) – Japan’s Rakuten Group is partnering with eBay to test U.S. demand for used Japanese fashion goods, made all the cheaper with the yen trading near a 34-year low. The tie-up, which started on May 8 with just seven vendors on Rakuten’s second-hand goods unit Rakuma, aims to capitalise on the currency effect …

Rakuten, eBay team up to test US market for used Japanese fashion goods Read More »