Reuters Asia Business

By Lisa Baertlein and Jeslyn Lerh LOS ANGELES/SINGAPORE (Reuters) -New fees imposed on port calls by China and the U.S. are reducing the number of cargo vessels available for moving goods and threatening to increase consumer costs in both countries, industry executives said. Ship operators have taken China-linked ships out of U.S. trade lanes to …

China, US port fees disrupt cargo flows, push up rates Read More »

By Enes Tunagur and Jonathan Saul LONDON -A majority of countries at the U.N. shipping agency voted on Friday to postpone by a year a decision on a global carbon price on international shipping, after failing to reach consensus on the emissions reduction measure amid U.S. pressure. The delay is a blow to the European …

UN shipping agency delays decision on carbon price under US pressure Read More »

By Andrea Shalal WASHINGTON (Reuters) -The head of the World Trade Organization said she is urging the U.S. and China to de-escalate trade tensions, warning that a decoupling by the world’s two largest economies could reduce global economic output by 7% over the longer term. WTO Director-General Ngozi Okonjo-Iweala told Reuters in an interview the …

Exclusive-WTO chief urges US, China to de-escalate trade war, or risk long-term hit to global growth Read More »

AMSTERDAM (Reuters) -The Netherlands is in talks with China over export controls imposed on the Chinese-owned chipmaker Nexperia, which has become tangled up in the trade frictions between the U.S. and China. The Dutch government stepped in on September 30 to take control of Nexperia, which makes chips for carmakers and for consumer electronics, citing …

Dutch government in talks with China over Nexperia export controls Read More »

By Hyunjoo Jin and Brenda Goh SEOUL/SHANGHAI (Reuters) -Micron plans to stop supplying server chips to data centres in China after the business failed to recover from a 2023 government ban on its products in critical Chinese infrastructure, two people briefed on the decision said. Micron was the first U.S. chipmaker to be targeted by …

Exclusive-Micron to exit server chips business in China after ban, sources say Read More »

(Reuters) -Rani Therapeutics on Friday announced a licensing deal to develop and sell an oral version of Chugai Pharmaceutical’s experimental antibody, with options to expand to five additional drugs, potentially valuing the deal at $1.09 billion. Shares of San Jose-based Rani more than doubled in premarket trading. Under the deal, Rani will receive a $10 …

Rani Therapeutics signs up to $1.09 billion licensing deal with Japan’s Chugai Pharma Read More »

By Rajasik Mukherjee, Nikita Maria Jino and Yantoultra Ngui (Reuters) -Hong Kong-based conglomerate Jardine Matheson said on Friday its unit would buy the rest of the shares of Mandarin Oriental it does not already own, valuing the hotel investment and management firm at $4.2 billion. Jardine Matheson, a 193-year-old conglomerate with interests spanning property, retail …

Jardine Matheson to take Mandarin Oriental private at $4.2 billion value Read More »