Reuters Asia Business

By Che Pan and Wen-Yee Lee BEIJING/TAIPEI (Reuters) -Dutch chipmaker Nexperia has suspended supplies of wafers to its Chinese assembly plant, according to a letter addressed to its customers that was reviewed by Reuters, which could exacerbate a supply squeeze that is worrying automakers worldwide.  The letter, dated October 29 and signed by Nexperia interim …

Exclusive-Nexperia cuts wafer supplies to Chinese plant, ratcheting up chip disruptions Read More »

By Yuka Obayashi TOKYO (Reuters) -Japan’s Electric Power Development (J-Power) said on Friday it will decommission two coal-fired power plants by March 2029 as part of efforts to meet its 2030 goal of cutting carbon dioxide emissions by 46% from 2013 levels. President Hitoshi Kanno also reaffirmed the company’s commitment to completing the Oga-Katagami-Akita offshore …

J-Power to shut two coal-fired power plants, committed to offshore wind project Read More »

TORONTO (Reuters) -U.S. Energy Secretary Chris Wright said on Friday that there is lots of room for a “win-win” on energy trade between China and the United States. U.S. President Donald Trump and China President Xi Jinping secured a fragile trade truce in South Korea on Thursday, with agreements on China soybean purchases and rare …

Lots of room for win-win on energy trade with China, US energy secretary says Read More »

TOKYO (Reuters) -Japan’s Seven & i is working on several initiatives that include potential M&A deals and partnerships aimed at leading to substantial growth, Chief Financial Officer Yoshimichi Maruyama said on Friday. The Japanese retailer behind 7-Eleven convenience stores aims to demonstrate to investors its ability to grow after Canada’s Couche-Tard withdrew a $46 billion …

Japan’s Seven & i looking at M&A deals and partnerships to fuel growth Read More »

(Corrects headline, first bullet, paragraphs 1 and 2 in October 30 story to say positions on the Philippine peso are bearish, not bullish) By Roushni Nair (Reuters) -Bearish bets on most Asian currencies eased as a softer U.S. dollar and signs of easing geopolitical tensions lifted sentiment, while investors stayed cautious on the peso, a …

Asia FX sentiment brightens as dollar softens, peso bets most bearish in a year Read More »

MILAN (Reuters) -Italy’s government and Pirelli shareholders are on the right track to find a solution to issues created by having China’s Sinochem as the tyremaker’s largest shareholder, Industry Minister Adolfo Urso said on Friday as he visited a company facility in Milan. Pirelli’s Italian investor Camfin has complained that Sinochem’s presence is hindering its …

Italy on right track to solve Pirelli’s governance issues, minister says Read More »