Reuters Asia Business

BEIJING (Reuters) – Embattled Chinese property developer Country Garden said in a statement on Saturday it had repaid two onshore bond coupons before the expiry of a five-day grace period, following missed payments last week. Country Garden, which defaulted on $11 billion of offshore bonds and extended other onshore bond repayments late last year, said …

China’s Country Garden repays onshore coupons within grace period Read More »

(This May 10 story has been corrected to specify that Arm is a subsidiary, not a wholly owned subsidiary of SoftBank Group, in paragraph 3) By Anton Bridge TOKYO (Reuters) – Japanese technology investor SoftBank Group is expected to slip back into the red when it reports earnings on Monday despite technology stocks including Arm …

SoftBank seen returning to loss in Q4 despite tech stock strength Read More »

By Niket Nishant, Echo Wang and Sarah Wu (Reuters) -Zeekr’s shares rose almost 35% above their initial public offering price on Friday in a strong start for the electric-vehicle maker, the first major U.S. market debut by a China-based company since 2021. The company successfully pulled off its U.S. flotation as it seeks to stand …

Chinese EV maker Zeekr soars nearly 35% in stellar US market debut Read More »

BEIJING (Reuters) – Erratic rainfall in China’s southwest is frustrating a multibillion-dollar push to green an aluminium industry that accounts for almost 60% of global output and, by some estimates, emits more carbon dioxide than Australia. Lured by official promises of cheap hydropower, China Hongqiao Group and a handful of other coal-reliant smelters several years …

China’s push for greener aluminium hit by erratic rains, power cuts Read More »

By Karen Freifeld (Reuters) -A new version of a congressional bill that would restrict U.S. business with certain Chinese biotechnology companies including WuXi AppTec and BGI would give U.S. companies until 2032 to end work with the firms, extending the amount of time to find new partners. The latest Biosecure Act also adds WuXi Biologics …

US bill to restrict WuXi AppTec, Chinese biotechs revised to give more time to cut ties Read More »

By Trevor Hunnicutt, Jeff Mason and David Shepardson WASHINGTON/SAN FRANCISCO (Reuters) -U.S. President Joe Biden is set to announce new China tariffs as soon as next week targeting strategic sectors, including a major hike in levies on electric vehicles (EVs), according to three people familiar with the matter. The full announcement, expected Tuesday, will maintain …

New Biden tariffs on China’s EVs, solar, medical supplies due Tuesday – sources Read More »

BEIJING (Reuters) -China’s central bank said on Friday it will ensure reasonably ample liquidity and credit expansion to consolidate the country’s economic recovery, which still faces many challenges. The People’s Bank of China (PBOC) said it will make its monetary policy flexible, precise and effective and promote a moderate recovery in consumer prices, writing in …

China’s central bank pledges to support economic recovery Read More »

By Julie Zhu, Greg Roumeliotis and Kane Wu HONG KONG/NEW YORK (Reuters) -Fast-fashion giant Shein is stepping up preparations for a London listing after its attempt to float itself in New York faced regulatory hurdles and pushback from U.S. lawmakers, two people with knowledge of the matter said. The online fashion retailer plans to update …

Exclusive-Shein steps up London IPO preparations amid U.S. hurdles to listing, sources say Read More »

By Hyunsu Yim SEOUL (Reuters) – South Korea’s Naver said on Friday it is exploring various options including the potential sale of its stake in the company that controls LY Corp which operates the popular messaging app Line. In a statement, Naver, which holds an equal stake with SoftBank in a joint venture that controls …

South Korea’s Naver exploring options including stake sale in Line operator Read More »