Reuters Asia Business

By David Shepardson WASHINGTON (Reuters) -A bipartisan group of U.S. lawmakers raised alarm about Chinese companies collecting and handling sensitive data while testing autonomous vehicles in the United States, according to letters seen by Reuters on Thursday. The lawmakers, including House of Representatives Energy and Commerce Committee Chair Cathy McMorris Rodgers and China select committee …

US lawmakers raise concerns over Chinese self-driving testing data collection Read More »

(Reuters) – Japan’s legislature has begun deliberations on two business-related bills designed to ease the reporting burden on listed companies and shorten the time it takes for startups to go public, the Nikkei business daily reported on Friday. (Reporting by Poonam Behura in Bengaluru; Editing by Shounak Dasgupta)

By Supantha Mukherjee STOCKHOLM (Reuters) – TikTok on Thursday joined Meta in appealing against the “gatekeeper” status under the Digital Markets Act (DMA), an EU law that brings in tougher rules for tech companies and makes it easier for users to move between competing services. Meta on Wednesday challenged the “gatekeeper” designations for its Messenger …

TikTok joins Meta in appealing against EU gatekeeper status Read More »

By David Lawder SAN FRANCISCO (Reuters) -Countries in the U.S.-led Indo-Pacific Economic Framework (IPEF) on Thursday announced agreement on two more “pillars” of the initiative, covering cooperation on clean energy and anti-corruption measures, even as IPEF trade talks languish. Ministers from the 14 IPEF countries also formally signed the previously agreed text of a third …

US, Indo-Pacific partners agree on clean energy, anti-graft pillars Read More »

(Reuters) – Kia unveiled two new concept electric vehicles ahead of the Los Angeles Auto Show as the South Korean automaker looks to expand its electric model catalog in the United States. The company’s EV3 is a compact electric SUV, while its EV4 is an electric sedan. Kia did not provide any other details on …

Kia gears up for LA show with 2 concept EVs Read More »

By David Kirton SHENZHEN, China (Reuters) – Tony Xiong is among the latest arrivals to the glitzy office towers in the newest part of Shenzhen, built to showcase China’s economic miracle. He won’t spend any personal time in the area. Most lunch breaks, he drives 20 to 30 minutes to more-established parts of Shenzhen to …

China’s not-so-special economic zone embodies a harsh new reality Read More »

TOKYO (Reuters) -Shareholders in Japan’s Asahi Group Holdings will sell some $1.3 billion worth of stock in the brewer to overseas investors, the company said on Thursday, in the latest unwinding of cross-shareholdings among big Japanese firms. Eight Japanese banks, including Nomura Holdings and Sumitomo Mitsui Financial Group’s main lending unit, plan to sell a …

Shareholders of Japan brewer Asahi to sell $1.3 billion stake in latest unwinding Read More »

By Neil Jerome Morales and Mikhail Flores MANILA (Reuters) – The Philippine central bank kept its policy rate steady at 6.5% on Thursday, as expected, warning that its fight with inflation was not over and it could raise rates again. Risk to the inflation outlook “still leans significantly toward the upside,” the central bank said …

Philippine central bank stays on hold, maintains hawkish tone Read More »

(Reuters) – Foreign investors were major buyers of Japanese equities last week, buoyed by robust corporate earnings and a broader global market rally amid expectations that the U.S. Federal Reserve may pause its aggressive interest rate hikes. Data from Japanese exchanges showed foreign investors purchased stocks worth a net 1.12 trillion yen ($7.40 billion)in the …

Japanese equities draw huge foreign inflows amid easing Fed rate hike fears Read More »