Reuters Asia Business

By Yimou Lee and Ben Blanchard TAIPEI (Reuters) – Foxconn, a major supplier of Apple’s iPhones, is facing a tax probe in China, two sources close to Foxconn confirmed on Monday, saying they believed it was disclosed by a state-backed paper for political reasons tied to Taiwan’s upcoming elections. On Sunday, China’s state-backed Global Times …

Taiwan’s Foxconn faces China tax probe, seen as politically motivated -sources Read More »

By Leika Kihara TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida pledged on Monday to compensate households for the rising cost of living with subsidies and payouts, stressing his government’s resolve to pull the economy permanently out of stagnation. Inflation, fuelled by rising costs of raw materials, has kept above the central bank’s target of …

Japan’s Kishida vows measures to cushion blow from rising inflation Read More »

By Daniel Leussink TOKYO (Reuters) – Tokyo’s auto show is back for the first time in four years and newly rebranded for the electric vehicle era, in a marketing overhaul that may be more reflective of industry aspirations than Japanese automakers’ lagging battery-powered lineup. The Japan Mobility Show, which opens on Thursday, comes at a …

Japan auto show returns, as industry faces EV turning point Read More »

BEIJING (Reuters) – China called on Monday for an “objective, fair and professional” investigation into damage to a subsea gas pipeline between Finland and Estonia, saying a Chinese vessel in the area at the time was sailing normally. China and Finland have started communication over the damage to the Balticconnector gas pipeline and China hopes …

China calls for ‘fair’ gas pipeline damage probe by Finland Read More »

TOKYO (Reuters) – Toyota Motor will gradually restart operations from Tuesday morning at the remaining lines of group plants that had been halted due to an accident at a supplier’s facility last week, a spokesperson said. The world’s biggest automaker by sales plans to have completely resumed production at all plants that have faced disruptions …

Toyota to resume operations at remaining halted plants from Tuesday Read More »

By Leika Kihara TOKYO (Reuters) – A recent surge in global interest rates is heightening pressure on the Bank of Japan to change its bond yield control next week, with a hike to an existing yield cap set just three months ago being discussed as a possibility. Any decision to change its yield curve control …

Rising yields may pressure BOJ to consider raising newly set cap Read More »

By Nick Carey, Akash Sriram and Ernest Scheyder (Reuters) -China’s move on Friday to curb exports of graphite, a key electric vehicle battery material, will only accelerate efforts to develop alternative sources and materials, but that will take time, industry executives and analysts said. China, the world’s largest graphite producer and exporter, will require export …

China’s graphite curbs will accelerate plans around alternatives Read More »

By Pesha Magid RIYADH (Reuters) -South Korea’s Hyundai Motor Group will build a car plant in Saudi Arabia jointly with the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, South Korea’s President Yoon Suk Yeol said on Sunday. Yoon was speaking in Riyadh where the PIF and Hyundai signed the agreement on the plant, …

Hyundai to build Saudi car plant jointly with Saudi wealth fund Read More »