Reuters Asia Business

Radio Free Asia to suspend news operations amid government shutdown

30 Oct 2025

By Jasper Ward WASHINGTON (Reuters) -Radio Free Asia said on Wednesday it was suspending its editorial operations amid “funding uncertainty” as the U.S. federal government shutdown edges toward its one-month mark. The broadcaster, which is funded by the U.S. government, said it would halt all production of news content on Friday due to the shutdown …

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US Export-Import Bank considers $200 million loan for rare earths firm REalloys

29 Oct 2025

By Ernest Scheyder (Reuters) -Rare earths firm REalloys has received a letter of interest from the U.S. Export-Import Bank (EXIM) for a loan worth up to $200 million to fund processing and magnet facilities, in what would be Washington’s latest move to bolster American production of the specialized materials.     The loan, if approved, could boost …

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KLA forecasts upbeat second-quarter revenue, but China weakness persists

29 Oct 2025

(Reuters) -KLA Corp forecast second-quarter revenue above Wall Street estimates on Wednesday, banking on strong AI-linked demand for its chipmaking tools, while flagging significant risks to its China business amid Sino-U.S. trade tensions. Demand for advanced chips that power generative AI applications has grown unabated, benefiting companies such as KLA, which makes niche equipment used …

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Stocks fall, US dollar strengthens after Powell puts chill on December rate cut

29 Oct 2025

By Chuck Mikolajczak NEW YORK (Reuters) -Global stocks reversed course and were on pace to snap a four-session streak of gains on Wednesday, while the U.S. dollar extended gains after Federal Reserve Chair Jerome Powell dampened expectations for another U.S. interest rate cut by the central bank in December. The Fed cut rates by 25 …

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Automakers hunt high and low for chips as supply crisis worsens

29 Oct 2025

By Aditi Shah, Daniel Leussink and Rachel More TOKYO/BERLIN (Reuters) -Global automakers are scrambling to find chips and checking with suppliers to see if they have enough stockpiled, as a deepening semiconductor supply crunch related to Dutch firm Nexperia threatens car production across the industry. Beijing banned exports of Nexperia’s products from China after the …

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Nvidia hits $5 trillion valuation as AI boom powers meteoric rise

29 Oct 2025

By Niket Nishant and Rashika Singh (Reuters) -Nvidia made history on Wednesday as the first company to reach $5 trillion in market value, powered by a rally that has cemented its place at the center of the global artificial intelligence boom. The Wall Street milestone underscores the company’s swift transformation from a niche graphics-chip designer …

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China buys US soybean cargoes ahead of Trump-Xi meet, sources say

29 Oct 2025

By Ella Cao and Naveen Thukral BEIJING/SINGAPORE (Reuters) -China’s state-owned COFCO bought three U.S. soybean cargoes, two trade sources said, the country’s first purchases from this year’s U.S. harvest, shortly before a summit of leaders Donald Trump and Xi Jinping. As the two nations battle over trade tariffs, the lack of Chinese buying has cost …

China buys US soybean cargoes ahead of Trump-Xi meet, sources say Read More »

Explainer-Why Nexperia is at the centre of an autos chip crisis

29 Oct 2025

By Toby Sterling AMSTERDAM (Reuters) -A standoff between the Netherlands and China over chipmaker Nexperia has sparked a near crisis for global carmakers that has threatened production, laying bare supply chain risks. The fight hit the headlines over fears about technology transfer from the Dutch company to its Chinese parent Wingtech, amid rising scrutiny on …

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Hitachi Energy buys stake in US-based Shermco to boost grid services

29 Oct 2025

By Stephanie Kelly LONDON (Reuters) -Hitachi Energy has acquired a minority stake in Shermco, a U.S. electrical services company recently bought by Blackstone, Hitachi Energy told Reuters on Wednesday, in a deal aimed at creating the largest grid services provider in North America. The deal follows U.S. President Donald Trump’s visit to Japan on Tuesday …

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