Reuters Asia Business

WASHINGTON/TOKYO (Reuters) -The Pentagon said on Tuesday it was confident about sharing intelligence with Japan, despite a U.S. news report saying Chinese military hackers gained access to Japan’s most sensitive defense networks. On Monday, the Washington Post cited unnamed current and former U.S. and Japanese officials as saying that Chinese military hackers gained access to …

Pentagon confident on sharing intelligence with Japan despite China hacking report Read More »

TOKYO (Reuters) – Japan’s current account balance logged the fifth straight month of surplus in June as the trade balance swung to a surplus, government data showed on Tuesday, easing some concerns about any decline in purchasing power of the world’s third largest economy. The current account surplus stood at 1.51 trillion yen ($10.6 billion) …

Japan current account in black for 5th month as trade balance swings to surplus Read More »

By Jonathan Landay WASHINGTON (Reuters) – A U.S.-funded assessment of Afghanistan’s central bank found that it lacks independence from the Taliban administration and adequate safeguards against money laundering and terrorism financing, a U.S. watchdog told Congress on Tuesday. Reuters last month reported that the assessment, whose conclusions had not been made public at the time, …

Review found Afghan central bank lacks independence from Taliban – US watchdog Read More »

By Ben Blanchard and Thomas Escritt TAIPEI/BERLIN (Reuters) -Taiwanese chipmaker TSMC on Tuesday committed 3.5 billion euros ($3.8 billion) to a factory in Germany, its first in Europe, taking advantage of huge state support for the $11 billion plant as the continent seeks to bring supply chains closer to home. The plant, which will be …

Germany spends big to win $11 billion TSMC chip plant Read More »

BEIJING (Reuters) – China’s imports from Russia dropped in July, the first monthly decline since February 2021, with imports of oil and other goods having continued to rise steadily after the outbreak of conflict in Ukraine, Chinese customs data showed on Tuesday. China’s imports from Russia shrank 8% to $9.2 billion last month from a …

China’s July imports from Russia fall for first time since Feb 2021 Read More »

JAKARTA (Reuters) – Indonesia’s state energy company PT Pertamina said on Tuesday it will develop a fuel storage facility in north Jakarta, following a deadly fire that broke out at a terminal earlier this year and spread into a densely populated residential area. Pertamina has been under pressure to modernise and relocate from its Plumpang …

Indonesia’s Pertamina to build new fuel terminal following deadly fire Read More »

By Qiaoyi Li and Miyoung Kim BEIJING (Reuters) -China’s passenger vehicle sales fell for a second month in July, as discounts and government support measures failed to persuade consumers wary of buying cars amid a sputtering economy and a prolonged slump in the housing market. Automakers are concerned about a demand slowdown as the world’s …

China’s car sales fall for 2nd month in July as price war continues Read More »