Reuters Asia Business

SEOUL (Reuters) – South Korea’s National Pension Service (NPS), manager of the world’s third-largest public pension fund, will continue to gradually increase its investment in overseas and alternative assets, the welfare ministry said. The NPS will invest 55% of its total assets in stocks, 30% in bonds and 15% in alternative assets by 2028, the …

South Korea’s NPS fund sticks to plan to boost overseas, alternative investments Read More »

BERLIN (Reuters) – Volkswagen will not participate in a discount battle in China “at any price”, Chief Operating Officer Ralf Brandstaetter said in an interview released on Wednesday. “Volkswagen is focusing on a sustainable business model. In concrete terms, this means that we will not participate in the discount battle at any price,” Brandstaetter said …

Volkswagen won’t participate in China discount battle “at any price” – COO Read More »

BEIJING (Reuters) – China’s agriculture ministry is urging local authorities to speed up the harvesting and drying of damaged grain, after heavy rain flooded fields of ripe wheat in the country’s most important growing region. Authorities should send emergency teams to drain water from fields, speed up access by harvesters and mobilise drying machinery to …

China’s farm ministry seeks to salvage damaged wheat Read More »

By Daniel Leussink TOKYO (Reuters) -Toyota Motor Corp said on Wednesday that information on customers in some countries in Oceana and Asia, excluding Japan, may have been left publicly accessible from October 2016 to May 2023. Customer information that may have been accessible externally included names, addresses, phone numbers, email addresses, and vehicle identification and …

Toyota says some customers in Asia, Oceania face risk of data leak Read More »

By Hyunjoo Jin and Akash Sriram SAN FRANCISCO (Reuters) – China was the biggest market for Tesla’s Model Y electric sport utility vehicles, helping it become the world’s top selling vehicle in the first quarter of this year, according to data from market research firm JATO shared with Reuters. Elon Musk on Tuesday visited China …

China was top market for Tesla Model Y, world’s best-selling car in Q1 Read More »

By Emma-Victoria Farr FRANKFURT (Reuters) – German industrial gases company Messer said on Tuesday that Singaporean sovereign wealth fund GIC has invested a minority stake in the business as part of a strategic partnership. The proceeds from the investment will help Messer take full control of its Messer Industries joint venture, financing the acquisition of …

Singaporean fund GIC takes minority stake in German gas specialist Messer Read More »

DHAKA (Reuters) – Bangladesh is set to ratify an international convention in early June on recycling ships aimed at increasing safety and environmental standards, a senior official told Reuters. “We expect the first week of June for the official declaration,” said Mamunur Rashid, a deputy secretary with the Ministry of Industries, who said Bangladesh is …

Bangladesh to ratify ship recycling convention in June Read More »

NEW DELHI (Reuters) – India will host a summit of the Shanghai Cooperation Organisation in a virtual format in July, the external affairs ministry said on Tuesday, adding that heads of state of all members, including Russia, China and Pakistan were invited. The eight-member bloc’s defence and foreign ministers attended in-person meetings in India earlier …

India to host SCO summit in virtual format in July Read More »

By Maha El Dahan and Ruma Paul DUBAI/DHAKA (Reuters) – QatarEnergy will sign a long-term liquefied natural gas (LNG) supply deal with Bangladesh’s state-owned gas company Petrobangla on Thursday, the second Asian sales deal to be sealed for Qatar’s North Field expansion project. The 15-year agreement is for the supply of 2 million tonnes annually, …

Exclusive – QatarEnergy to sign long-term LNG supply deal with Bangladesh Read More »

HAMBURG (Reuters) – A deal between Daimler Truck and Toyota Motor Corp to combine their truck units in Japan will give the German group a more “balanced” market position in Asia and reduce its reliance on China, Daimler Truck’s CEO said on Tuesday. During a conference call, Martin Daum initially said the tie-up would have …

Daimler CEO: Toyota truck deal will make us less dependent on Chinese market Read More »