Reuters Asia Business

By Brenda Goh SHANGHAI, China (Reuters) -China will further expand market access and increase imports, its premier told a trade fair in Shanghai on Sunday, amid criticism from European firms who said they wanted to see more tangible improvement in the country’s business environment. Li Qiang told the opening ceremony of the annual China International …

China pledges to expand market access at annual trade fair amid foreign criticism Read More »

By Jonathan Stempel (Reuters) -Warren Buffett’s Berkshire Hathaway Inc on Saturday posted its first quarterly loss in a year as the prices of Apple and other stocks it owns fell, but said improved results from insurance helped boost operating profit to a record. Rising interest rates boosted yields in the third quarter on Berkshire’s vast …

Buffett’s Berkshire posts bigger loss as stocks fall; operating profit sets record Read More »

SHANGHAI (Reuters) – China’s Vice-president Han Zheng met Bosch Ltd Chairman Stefan Hartung in Beijing on Friday, state news agency Xinhua reported. Han said economic and trade cooperation has always been the “ballast stone” of China-Germany relations, and China welcomes multinational companies such as Bosch, Xinhua reported. Chinese President Xi Jinping told German Chancellor Olaf …

China vice president Han meets Bosch chairman Hartung -Xinhua Read More »

BEIJING (Reuters) -State-owned Chinese firm Sinopec signed a new 27-year liquefied natural gas (LNG) supply and purchase agreement with QatarEnergy, the two companies said on Saturday. Under the agreement, the two companies will cooperate on the second phase of the Gulf Arab state’s North Field expansion project, which will supply 3 million metric tons of …

Sinopec signs new 27-year LNG supply deal with QatarEnergy Read More »

FRANKFURT (Reuters) – Chinese electric vehicle giant BYD plans to build its first European car factory in Hungary, a German newspaper reported on Saturday. The Frankfurter Allgemeine Sonntagszeitung (FAS), citing unnamed sources close to BYD, said the decision had already been made internally. A government website in Shenzhen, where BYD is headquartered, posted an article …

China EV maker BYD to build first Europe plant in Hungary -FAS Read More »

SHANGHAI (Reuters) – The former vice president of the Industrial and Commercial Bank of China (ICBC), Zhang Hongli, is being probed by the anti-graft body, the Central Commission for Discipline Inspection said on Saturday. (Reporting by Shanghai Newsroom; Editing by William Mallard)

SHANGHAI (Reuters) – The basic pension fund managed by China’s social security fund gained 5.1 billion yuan, or 0.33% in 2022, down from a 4.9% gain in 2021, the National Council for Social Security Fund said on Saturday. The shrink in yield was mainly impacted by deep changes in global economic and political situations and …

China basic pension fund posts 0.33% investment gain in 2022 Read More »

SHANGHAI (Reuters) – China’s industry minister said the country’s industrial economy stablised and recovered in the first three quarters of 2023 and the new energy sector, such as electric cars, shined. “In the fourth quarter, we are confident the industrial economy will keep the recovery momentum,” said Jin Zhuanglong, China’s Minister of Industry and Information …

China industry minister: industrial economy stabilises, NEV shines in Jan-Sept period Read More »

(Corrects in paragraph 2 to say the cabinet approved the plan on Thursday, not last week, and removes extraneous letter f.) TOKYO (Reuters) – Japan’s government is planning to submit a supplementary budget to fund a package of measures to cushion the economic blow from inflation to the parliament on Nov. 20, the Asahi newspaper …

Japan govt to submit extra budget to parliament on Nov 20 – Asahi Read More »