Reuters Asia Business

China’s rare earth curbs put Europe’s auto industry at risk, Italian lobby says

14 Oct 2025

MILAN (Reuters) -Expected new Chinese curbs on rare earth metal exports could have a significant impact on the European auto industry, the head of Italian auto part maker lobby ANFIA said on Tuesday, as reserves of those materials are low. Despite an agreement in July aimed at fast-tracking shipments to Europe, China has maintained tight …

China’s rare earth curbs put Europe’s auto industry at risk, Italian lobby says Read More »

Samsung expects best profit since 2022, as AI boom squeezes commodity chip supply

14 Oct 2025

By Heekyong Yang and Hyunjoo Jin SEOUL (Reuters) -Samsung Electronics on Tuesday said it expects its biggest quarterly profit in over three years, as the global race to boost production of AI chips has tightened supply and driven up prices of conventional memory chips, the tech giant’s mainstay. Strong demand for conventional memory chips used …

Samsung expects best profit since 2022, as AI boom squeezes commodity chip supply Read More »

Exclusive-Japanese semiconductor company Renesas explores $2 billion sale of timing unit

14 Oct 2025

By Milana Vinn NEW YORK (Reuters) -Renesas Electronics Corp. is exploring a sale of its timing division in a deal that could value the business at close to $2 billion, according to people familiar with the matter. The Japanese semiconductor manufacturer is working with investment bankers at JPMorgan on the potential divestment, which is in …

Exclusive-Japanese semiconductor company Renesas explores $2 billion sale of timing unit Read More »

China’s CNMC plans rare, precious metals stockpiles

14 Oct 2025

LONDON (Reuters) -China Nonferrous Metal Mining Group (CNMC) is preparing to set up three stockpiles, containing rare and precious metals and “scattered” metals with a low concentration in the Earth’s crust, its vice general manager said on Tuesday. “We’re planning to do that,” Fan Wei, the state-owned miner’s vice general manager, told Reuters on the …

China’s CNMC plans rare, precious metals stockpiles Read More »

Japanese shares dive as market frets over premiership, US-China tensions

14 Oct 2025

By Kevin Buckland TOKYO (Reuters) -Japanese shares sank on Tuesday after a long weekend, clocking their sharpest one-day drop since April, as investors fretted over uncertainty surrounding the country’s next premier and persistent U.S.-China trade tensions. The Nikkei share average closed 2.58% lower at 46,847.32, while the broader Topix slid 2% to 3,133.99. Japanese investors …

Japanese shares dive as market frets over premiership, US-China tensions Read More »

South Korea is in talks with China over sanctions against Hanwha, presidential office says

14 Oct 2025

SEOUL (Reuters) -South Korea’s presidential office said on Tuesday it is in talks with China to minimise the impact of Beijing’s sanctions on shipbuilder Hanwha Ocean’s U.S.-linked subsidiaries. It sees limited impact from the sanctions against Hanwha, but will need to analyze further to assess impact on the MASGA (Make American Shipbuilding Great Again) project, …

South Korea is in talks with China over sanctions against Hanwha, presidential office says Read More »

China Vanke’s former CEO placed under criminal compulsory measures, Yicai reports

14 Oct 2025

BEIJING (Reuters) -Zhu Jiusheng, former CEO of property developer China Vanke, has been placed under criminal compulsory measures, Chinese media outlet Yicai reported on Tuesday citing sources, though it provided no details regarding the measures. Zhu joined Vanke in 2012 and became CEO in 2018. He resigned from the post in late January. His resignation …

China Vanke’s former CEO placed under criminal compulsory measures, Yicai reports Read More »

Chinese freighter halves EU delivery time on maiden Arctic voyage to UK

14 Oct 2025

BEIJING (Reuters) -A Chinese container ship has completed a pioneering journey through the Arctic to a UK port, state-run news agency Xinhua reported, cutting in half the usual transit time for the electric vehicles and solar panels aboard destined for Europe. The Istanbul Bridge’s maiden voyage, originally expected to take 18 days, was delayed by …

Chinese freighter halves EU delivery time on maiden Arctic voyage to UK Read More »

Alibaba’s cloud business launches second data centre in Dubai

14 Oct 2025

DUBAI (Reuters) -Chinese e-commerce giant Alibaba’s cloud business unit has launched its second data centre in Dubai, it said on Tuesday, nine years after its first, as it expands its global cloud computing services to meet growing demand. Alibaba Cloud, the digital technology and artificial intelligence division, said in a statement the launch was part …

Alibaba’s cloud business launches second data centre in Dubai Read More »

EU seeks US alliance to counter China rare earth crackdown

14 Oct 2025

By Philip Blenkinsop HORSENS, Denmark (Reuters) -The European Union is seeking to coordinate with the United States and other G7 partners a response to tighter Chinese controls on the export of rare earth minerals, trade ministers and officials from the bloc said on Tuesday. China, the world’s largest rare earth producer, dramatically expanded controls last …

EU seeks US alliance to counter China rare earth crackdown Read More »

Close Bitnami banner
Bitnami