Reuters Asia Business

Goldman Sachs flags risk of disruption in supply of rare earths, key minerals

By Anmol Choubey (Reuters) -Goldman Sachs flagged mounting risks to global supply chains of rare earths and other critical minerals, emphasising China’s dominance in mining and refining, and outlining challenges for nations seeking to build independent supply chains. China expanded export curbs on rare earths on October 9, adding five new elements and extra scrutiny …

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South Korea ramps up security ahead of high-stakes APEC summit next week

By Jihoon Lee Gyeongju, South Korea (Reuters) -South Korea is stepping up its security measures in the southeastern city of Gyeongju, which hosts the annual Asia-Pacific Economic Cooperation summit of 21 member economies next week, with large-scale field exercises held and higher terrorism-alert levels imposed. Up to 18,500 police officers, SWAT teams and coast guard …

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Japan’s Takaichi to order stimulus package, Kyodo reports

TOKYO (Reuters) -Japan’s Prime Minister Sanae Takaichi will instruct her cabinet to draft a stimulus package to tackle inflation at her first cabinet meeting on Tuesday night, Kyodo news agency reported. The package will include expanded local government subsidies and gasoline tax cuts, with plans to submit a supplementary budget to the parliament, Kyodo reported …

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Indonesia’s Anugrah Neo Energy Materials plans over $300 million IPO, sources say

By Yantoultra Ngui SINGAPORE (Reuters) -Indonesian nickel mining and processing company Anugrah Neo Energy Materials is planning an initial public offering to raise more than $300 million on the Indonesia Stock Exchange, two people with direct knowledge of the matter said. The company, which is developing facilities to produce materials for electric vehicle batteries, is …

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Exclusive-Japan warns Vietnam of job losses as Hanoi motorbike ban hits Honda

By Francesco Guarascio, Phuong Nguyen and Daniel Leussink HANOI/TOKYO (Reuters) -The Japanese government and some of the nation’s top manufacturers have warned Vietnam that a planned ban on petrol-powered motorbikes in Hanoi could spark job losses and disrupt a $4.6 billion market that is dominated by Honda, according to documents reviewed by Reuters and seven …

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Japan’s next finance minister could unsettle yen bears

By Leika Kihara and Makiko Yamazaki TOKYO (Reuters) -The appointment of Satsuki Katayama as Japan’s next finance minister on Tuesday could give markets cause to pause before pushing the yen too low, but it might also help the country’s new prime minister, Sanae Takaichi, find fresh ways to fund bold economic stimulus plans, analysts said. …

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Asian bond outflows in September hit 3-1/2-year high on slowdown concerns

(Reuters) -Asian bonds experienced significant outflows in September, driven by a selloff in Indonesia amid rising fiscal and political concerns, alongside a broader slowdown in regional economic activity that dampened investor sentiment. Foreigners offloaded a net $5.48 billion worth of regional bonds – the most since March 2022 – in Indonesia, Malaysia, Thailand, India and …

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Taiwan September export orders sharply beats forecasts on strong AI demand

By Faith Hung and Emily Chan TAIPEI (Reuters) -Taiwan’s export orders rose more than expected in September, increasing for an eighth consecutive month, as the island’s growth as an essential hub for the artificial intelligence (AI) industry offset worries about U.S. tariffs. Export orders in September rose 30.5% from a year earlier to $70.22 billion, …

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Instant View: Sanae Takaichi becomes Japan’s first female prime minister

(Reuters) -Conservative nationalist Sanae Takaichi became Japan’s first female prime minister on Tuesday in a parliamentary vote that handed her a majority in the lower house, pushing the benchmark Nikkei to records. Takaichi, a fiscal dove who vowed to close a gender gap in the top echelons of politics, has finalised plans for Satsuki Katayama …

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Exclusive-Chipmaker CXMT plans Shanghai listing with $42 billion valuation, sources say

By Liam Mo, Che Pan and Fanny Potkin BEIJING/SINGAPORE (Reuters) -Chinese memory chipmaker ChangXin Memory Technologies (CXMT) plans an initial public offer in Shanghai as soon as the first quarter of next year, eyeing a valuation of up to 300 billion yuan ($42.12 billion), two sources briefed on the matter said. Founded in 2016 with …

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