Reuters Asia Business

Vietnam interested in trade deal with Mercosur, says Brazil’s Lula

BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Monday that Vietnam has expressed interest in a trade deal with the Mercosur bloc of Brazil, Argentina, Paraguay and Uruguay, adding he will bring the topic up for discussion with those countries. Lula, who is currently chairing the group, said he wants to …

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EU, China rein in trade angst, set agenda for further dialogue

By Joe Cash BEIJING (Reuters) -The European Union agreed to resume dialogue and set up dispute settlement mechanisms to remain a part of China’s “success story” despite unresolved economic concerns, but it stopped short of halting trade remedies even as Beijing urged restraint. “EU companies want to be part of China’s success story, which is …

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Nintendo founder’s YFO set to raise Toyo bid -source

By Makiko Yamazaki TOKYO (Reuters) -The family office linked to Nintendo’s founder plans to raise its buyout bid for Japan’s Toyo Construction, a source told Reuters, after it successfully reshuffled the board that had resisted its offer. Yamauchi-No.10 Family Office (YFO), Toyo’s largest investor with a 28.51% stake, is now planning to offer 1,255 yen …

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Huawei disappoints viewers by not discussing Mate 60 phones at product launch

By Yelin Mo and Brenda Goh BEIJING/SHANGHAI (Reuters) -Huawei Technologies on Monday showcased a series of new products from a gold smartwatch to a smart car but disappointed viewers by not revealing more details about its new Mate 60 smartphone series, prompting an outpouring of complaints online. The event, held in a stadium and watched …

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Taliban weighs using U.S. mass surveillance plan, met with China’s Huawei

By Mohammad Yunus Yawar and Charlotte Greenfield KABUL (Reuters) -The Taliban are creating a large-scale camera surveillance network for Afghan cities that could involve repurposing a plan crafted by the Americans before their 2021 pullout, an interior ministry spokesman told Reuters, as authorities seek to supplement thousands of cameras already across the capital, Kabul. The …

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BOJ chief warns of highly uncertain wage, price outlook

By Leika Kihara OSAKA (Reuters) -Bank of Japan Governor Kazuo Ueda said there was “very high uncertainty” over whether companies would continue raising prices and wages, stressing anew the bank’s resolve to maintain ultra-loose monetary policy. He also offered a cautious take on the overseas economic outlook, warning of the fallout from aggressive U.S. interest …

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Western nations not ready to finance Indonesian coal plant retirements

By Sudarshan Varadhan NUSA DUA, Indonesia (Reuters) -Western countries are not ready to fund the early retirement of Indonesian coal-fired power plants under the Just Energy Transition Partnership (JETP), a government official said on Monday, a major setback to expedite a reduction in emissions. The lack of consensus on the plan, which was billed the …

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China bans Nomura senior investment banker from leaving mainland -sources

HONG KONG (Reuters) – Authorities in China have ordered a senior Nomura Holdings banker overseeing the firm’s investment banking operations there not to leave the mainland, two sources with knowledge of the matter said. The ban comes as concerns grow among Western businesses about darkening prospects in the world’s second-largest economy at a time of …

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