Reuters Asia Business

BEIJING (Reuters) – China has urged the Netherlands to not hinder bilateral cooperation in the semiconductor industry and to not abuse export controls, China’s Ministry of Commerce said in a statement. The statement was made in response to questions from the media, it said. It also said the two countries have communicated frequently and at …

China urges Netherlands to not abuse export control measures Read More »

BEIJING (Reuters) – China announced late on Friday that a series of fuel blending components would be subject to consumption tax with immediate effect, according to a joint statement of the Ministry of Finance and the State Taxation Administration. The consumption tax rate on isooctane, a blending component for gasoline, would be the same as …

China slaps consumption tax on fuel blending components Read More »

By Jihoon Lee SEOUL (Reuters) – South Korea’s export downturn slowed in June, with auto exports extending robust rises and semiconductors narrowing their decline, as the bellwether Asian economy posted its first trade surplus since early last year. Shipments from Asia’s fourth-largest economy, offering one of the earliest snapshots of monthly global trade, fell 6.0% …

South Korea export downturn slows, trade balance swings to surplus Read More »

BEIJING (Reuters) – New home prices in China edged down in June from the previous month, marking a second straight month of declines, and housing sales are likely to remain weak over the summer when demand is usually at a low ebb, according to a private survey. The average price of new homes in 100 …

China new home prices edge down in June for second consecutive month Read More »

By Michael Martina WASHINGTON (Reuters) -The U.S. on Friday warned about a new Chinese counterespionage law, saying American and other foreign companies in the country could face penalties from Chinese authorities for regular business activities. Chinese lawmakers this year passed a wide-ranging update to Beijing’s anti-espionage legislation that goes into effect on July 1, banning …

US warns new Chinese counterespionage law puts companies at risk Read More »

By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy continued to recover in May as tourism gathered momentum and private and public spending increased while exports remained weak, the central bank said on Friday. Economic activity was seen rising steadily with tourist arrivals still increasing, said Sakkapop Panyanukul, a senior director at the …

Thailand’s economy picks up in May as tourism, spending rise Read More »

By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka could exit bankruptcy by September, President Ranil Wickremesinghe said on Friday, signalling a turnaround for the country which is emerging from its worst financial crisis in decades. Wickremesinghe “expressed confidence that Sri Lanka would overcome its bankruptcy status by September,” his office said in the statement. Sri Lanka …

Sri Lanka could exit bankruptcy by September, says president Read More »