Reuters Asia Business

US, Japan leaders sign rare earths, nuclear power deal ahead of Trump-Xi meeting

28 Oct 2025

By Trevor Hunnicutt and Katya Golubkova TOKYO (Reuters) -Japan and the United States agreed to a deal on new-generation nuclear power reactors and rare earths, as Tokyo seeks a way back to export markets for its nuclear technology and both look to reduce China’s dominance over key electronic components.  U.S. President Donald Trump and Japanese …

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China’s Oppo sees AI driving demand, not worried about a bubble

28 Oct 2025

By Joan Faus BARCELONA (Reuters) -Chinese smartphone maker Oppo is seeing signs of new artificial intelligence features in phones helping boost demand in China and is upbeat about growing in Europe, unfazed by the risk of an AI bubble in the industry, a top executive said on Tuesday. Oppo’s Chief Executive for Europe, Elvis Zhou, …

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Bank of Korea considers gold purchases in medium term after long absence

28 Oct 2025

By Polina Devitt KYOTO (Reuters) -South Korea’s central bank is considering gold purchases for reserves in the medium-to-long-term, Heung-Soon Jung, head of reserve investment division at the Bank of Korea told a precious metals conference on Tuesday. South Korea has not bought any gold to add to its 104 metric tons of reserves since 2013, …

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US Treasury gets currency intervention disclosure commitments from Thailand, Malaysia

28 Oct 2025

(Reuters) -The U.S. Treasury on Tuesday said Thailand and Malaysia have agreed to regularly disclose any interventions in the foreign exchange market undertaken by their central banks. Both Thailand and Malaysia committed to report interventions on at least a semi-annual basis, according to separate statements issued by Treasury with each country’s central bank. Neither bank …

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Trump’s ‘hot truck’ becomes symbol of Japan trade talks

28 Oct 2025

By Trevor Hunnicutt and David Dolan TOKYO (Reuters) -Long associated with American ruggedness, pickup trucks such as Ford’s top-selling F-150 have now become a symbol of international trade talks, showing how far countries such as Japan will go to win over U.S. President Donald Trump. When Trump met Japan’s new prime minister and first female …

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Sanctions drag Russia’s ESPO oil to discounts in China

28 Oct 2025

MOSCOW/SINGAPORE (Reuters) -Russia’s Asia-bound ESPO Blend crude has fallen to a discount against Brent at delivery in Chinese ports for the first time in about a year, as new Western sanctions and a lack of import quotas for Chinese independent refineries curb demand, four trade sources told Reuters. The drop in prices underscores the growing …

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China and ASEAN, hit by US tariffs, sign upgraded free trade pact

28 Oct 2025

By Rozanna Latiff and Danial Azhar KUALA LUMPUR (Reuters) -China and the ASEAN bloc of Southeast Asian nations signed an upgrade to their free trade agreement on Tuesday, with leaders hailing the deal which spans the digital and green economy, and other new industries. The 11-member Association of Southeast Asian Nations is China’s largest trading …

China and ASEAN, hit by US tariffs, sign upgraded free trade pact Read More »

China excludes EVs in latest five-year plan as industry grapples with oversupply

28 Oct 2025

BEIJING (Reuters) -China has omitted electric vehicles from its list of strategic industries in its five-year development plan for 2026-2030, marking their first exclusion in more than a decade, as the sector grapples with oversupply challenges. New energy vehicles (NEVs)— a category comprising EVs, plug-in hybrids, and fuel cell vehicles — were included as strategic …

China excludes EVs in latest five-year plan as industry grapples with oversupply Read More »

Trump heaps praise on Japan’s first female leader, signs rare earths deal

28 Oct 2025

By Trevor Hunnicutt, Tim Kelly and John Geddie TOKYO (Reuters) -U.S. President Donald Trump lavished praise on Japan’s first female leader Sanae Takaichi in Tokyo on Tuesday, welcoming the new prime minister’s pledge to accelerate a military buildup, while also signing deals on trade and rare earths. Takaichi, who took office a week ago, is …

Trump heaps praise on Japan’s first female leader, signs rare earths deal Read More »

Indonesia’s Amman Mineral to get permit to export copper concentrate, energy ministry says

28 Oct 2025

JAKARTA (Reuters) -Indonesia has agreed to grant copper miner Amman Mineral International a permit to export copper concentrate, a spokesperson for the energy ministry said on Tuesday, adding that the permit is now going through the administrative process.  Indonesia banned exports of copper concentrate and other raw minerals from mid-2023 to boost the domestic metal …

Indonesia’s Amman Mineral to get permit to export copper concentrate, energy ministry says Read More »

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