Reuters Asia Business

US bill seeks phase-out of Chinese sensors in self-driving cars, after space hack fears

12 Dec 2025

By Stephen Nellis SAN FRANCISCO, Dec 11 (Reuters) – A U.S. lawmaker has proposed phasing out Chinese-made sensors in self-driving cars and critical infrastructure amid warnings they could be hacked and disabled from space during a conflict, crippling vast U.S. systems in seconds. Raja Krishnamoorthi, a Democrat from Illinois who is the ranking member on …

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Hongqi, Mao’s national car, rejuvenates its brand and takes aim at overseas markets 

12 Dec 2025

SHANGHAI, Dec 12 (Reuters) – Tired of being driven around in Soviet-built sedans in the 1950s, Chinese leader Mao Zedong wanted China, a rising power globally, to have its own state limousine and commissioned a locally produced car. The brand, Hongqi or Red Flag, became a national champion and ferried high-ranking officials for decades before it …

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S&P 500 posts record closing high, US dollar and yields decline in wake of Fed 

12 Dec 2025

By Caroline Valetkevitch NEW YORK, Dec 11 (Reuters) – Major stock indexes mostly rose on Thursday, with the Dow and S&P 500 posting record closing highs, while the dollar and U.S. bond yields extended declines from the day before, when the Federal Reserve cut interest rates but gave a less hawkish outlook than expected.  It …

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Nuctech hit by EU investigation on concerns of Chinese subsidies

12 Dec 2025

By Foo Yun Chee BRUSSELS, Dec 11 (Reuters) – Chinese security firm Nuctech was hit with an EU investigation on Thursday as regulators voiced concerns that it may have received Chinese subsidies that could have boosted its competitive position in Europe. The move by the European Commission followed dawn raids on Nuctech’s offices in Poland …

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China urges Netherlands to push Nexperia to visit for talks

11 Dec 2025

By Yukun Zhang, Eduardo Baptista and Joe Cash BEIJING, Dec 11 (Reuters) – Beijing called on Thursday for the Dutch government to push Nexperia to send a delegation to China, as a standoff between the Netherlands-based chipmaker and its Chinese parent again threatens to disrupt the global automotive supply chain. Nexperia has been in dispute …

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Russia has surplus of peas after failing to boost exports to China, analysts say

11 Dec 2025

By Olga Popova MOSCOW, Dec 11 (Reuters) – Russian farmers will have a surplus of peas this year after China, the country’s main trading partner, bought less than they had hoped, analysts said on Thursday, predicting they may shift to other crops.  After China allowed imports of Russian peas in 2022, many farmers had switched to …

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Major automakers say China poses ‘clear and present threat’ to US auto industry

11 Dec 2025

By David Shepardson WASHINGTON, Dec 11 – Major automakers on Thursday urged Washington to prevent Chinese government-backed automakers and battery manufacturers from opening U.S. manufacturing plants, warning the industry’s future is at stake. The Alliance for Automotive Innovation, which represents General Motors, Ford, Toyota Motor, Volkswagen, Hyundai, Stellantis and other major automakers, sounded the alarm …

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Trafigura, Gupta lawyers trade blame over metals fraud as trial winds up

11 Dec 2025

By Eric Onstad LONDON, Dec 11 (Reuters) – Commodity trader Trafigura told London’s High Court on Thursday that Indian businessman Prateek Gupta had woefully failed to show its employees knew of or took part in a $600 million metals fraud, as lawyers made closing arguments in a long-running case. Gupta’s lawyers countered that unusual trading …

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