Reuters Asia Business

Japan, US to ink tech MOU during Trump’s Tokyo visit, Nikkei says

24 Oct 2025

TOKYO (Reuters) -Japan and the U.S. are set to sign an agreement to cooperate on advanced technologies, including AI and nuclear fusion, during President Donald Trump’s Japan visit next week, the Nikkei newspaper reported on Friday. Tokyo and Washington will exchange a memorandum of understanding between ministers, which will also cover areas beyond 5G telecom …

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Japan’s new premier pledges early boost to defence spending, ‘proactive’ fiscal policy

24 Oct 2025

By Makiko Yamazaki TOKYO (Reuters) -Japan’s new Prime Minister Sanae Takaichi pledged on Friday to accelerate a defence spending target by two years, as her government pursues proactive fiscal expansion on strategic priorities. In her first policy speech, Takaichi told parliament that Japan aims to reach a defence spending goal of 2% of gross domestic …

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Analysis-Indonesia’s rate cuts aren’t working as banks hold line, firms baulk

24 Oct 2025

By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) -Indonesia’s central bank paused its aggressive rate-cutting campaign this week, to focus instead on getting banks to lower loan costs. However, companies say banks aren’t the problem – it’s government policy. Businesses are shying away from investing despite government efforts to stimulate Southeast Asia’s largest economy, citing …

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China’s Satellite Chemical pauses ethylene project amid US trade tensions, sources say

24 Oct 2025

By Trixie Yap and Chen Aizhu SINGAPORE (Reuters) -Satellite Chemical, China’s largest importer of U.S. ethane, has paused plans to build its third ethylene unit amid protracted U.S.-China trade tensions and a lack of required government and regulatory approvals, five industry sources said. The new cracker, costing roughly $1 billion and with a capacity of …

China’s Satellite Chemical pauses ethylene project amid US trade tensions, sources say Read More »

Nuclear power, perovskite solar as Japan’s domestic energy sources are important, PM says

24 Oct 2025

By Katya Golubkova TOKYO (Reuters) -Japanese Prime Minister Sanae Takaichi told parliament on Friday that homemade sources of energy like nuclear power and perovskite solar cells are important for the country. The first woman to lead Japan, Takaichi, 64, was elected prime minister this week. She faces a nagging inflation problem, which is partly attributable …

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Japan’s Kirin looks to sell Kentucky bourbon brand for $1 billion, FT reports

24 Oct 2025

(Reuters) -Japanese brewer Kirin has put its Kentucky bourbon brand Four Roses up for sale for $1 billion, the Financial Times reported on Friday, citing people familiar with the matter. The company has been working with advisers from UBS to weigh interest from potential buyers in recent weeks, with first-round bids expected as early as …

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China’s Xiaomi says surging memory chip prices push up smartphone costs

24 Oct 2025

By Che Pan and Brenda Goh BEIJING (Reuters) -Chinese smartphone manufacturer Xiaomi on Friday said surging memory chip prices have raised the cost of making handsets, after pricing of its new Redmi K90 series drew market disappointment. “Cost pressure has transferred to the pricing of our new products,” President Lu Weibing wrote on Weibo. “Rising …

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Top HSBC wealth executive Trista Sun to leave bank, memo says

24 Oct 2025

By Selena Li HONG KONG (Reuters) -Trista Sun, one of HSBC’s top wealth executives, will leave the bank, following a large scale-down of a China project she oversaw. Sun, managing director for strategic projects at HSBC’s International Wealth and Premier Banking, “will pursue opportunities outside of HSBC”, said Barry O’Byrne, the bank’s global wealth CEO, …

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Xiaomi offers purchase tax subsidies for locked-in EV orders for 2026 cars

24 Oct 2025

BEIJING (Reuters) -Chinese electric vehicle maker Xiaomi announced on Friday purchase tax subsidies of up to 15,000 yuan ($2,105.85) for car orders locked-in by November 30 for delivery in 2026. The incentive covers its SU7, SU7 Ultra sedans and YU7 SUVs, Xiaomi said in a Weibo post. Xiaomi received some 240,000 orders it considers locked …

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