Reuters Asia Business

BEIJING (Reuters) – Tibet Airlines signed a deal on Sunday with Commercial Aircraft Corporation of China (COMAC) to jointly research a variant of China’s narrow-body C919 jet suitable for high-altitude plateaus. The deal will help develop domestically made passenger jets and safeguard national security and border stability, Tibet Airlines said in a statement on its …

Tibet Airlines signs deal with COMAC to research plateau-suited C919 variant Read More »

By Qiaoyi Li and Antoni Slodkowski BEIJING (Reuters) – China’s State Council, led by Premier Li Qiang, on Sunday published rules that come into force on May 1 for the supervision and management of non-banking payment institutions. The rules, among other measures, implement tougher licensing regulations and call for stronger risk management of non-bank payment …

China publishes rules for supervising, managing non-bank payment firms Read More »

BEIJING (Reuters) -Nissan Motor said on Sunday it would sell China-developed electric vehicles (EVs) globally as it struck a deal with the country’s top university to leverage local resources to accelerate research and development on electrification. The Japanese automaker is considering exporting the line-up of existing internal combustion engine vehicles and upcoming pure electric and …

Nissan to export China-developed EVs to global markets Read More »

JAKARTA (Reuters) – Indonesia and Japan have agreed on the removal of more trade barriers, Indonesia’s foreign minister said on Saturday, after the two countries concluded negotiations on protocols to improve their bilateral economic agreements. Japan will allow greater access for Indonesian products including by removing tariffs on processed fishery items and the two countries …

Indonesia and Japan agree on removing more trade barriers Read More »

SHANGHAI (Reuters) – Tang Xiaoou, the founder of SenseTime Group, one of China’s biggest artificial intelligence firms, died late on Friday, the company said on Saturday. Tang, a professor at the Chinese University of Hong Kong, started the software development firm, which has grown strongly with public and private demand for its facial recognition technology. …

Founder of China AI software developer SenseTime, Tang Xiaoou, dies Read More »

TOKYO (Reuters) – A unit of Tokyo Gas has decided to buy Texas-based natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners for $2.7 billion to expand its overseas business, it said on Saturday. The deal comes as part of the Japanese company’s efforts to expand its North American shale gas operations …

Tokyo Gas unit to buy U.S. natgas producer Rockcliff Energy for $2.7 billion Read More »

SEOUL (Reuters) -An arrest warrant has been issued for a former Samsung Electronics official accused of giving semiconductor technology information to a Chinese chipmaker, as Seoul cracks down effort on industrial espionage. A judge issued the warrant on Friday, the Seoul Central District Court said in a statement on Saturday morning. Prosecutors had sought the …

Arrest warrant issued for ex-Samsung Elec official over chip tech leak Read More »