Reuters Asia Business

LONDON (Reuters) – The British government on Wednesday ordered China-registered Future Technology Devices International Holding Ltd to sell 80.2% of Scotland-based chip company FTDI over national security risks. “The order has the effect of requiring FTIDHL to sell 80.2% of FTDI within a specified period and by following a specified process,” the government said in …

UK orders China-registered firm to sell stake in Scottish chip company Read More »

(Reuters) -Donald Trump’s return to the White House after winning the Nov. 5 U.S. presidential election may reshape American business. Much depends on whom he appoints as deputies and cabinet members, including the role of Tesla CEO Elon Musk, and what tariffs he enacts. Following are some major issues and sectors to watch: WHAT ROLE WILL …

How Trump’s second administration affects business: Musk, tariffs and more Read More »

TOKYO/WARSAW (Reuters) -The Japanese and Polish governments will on Thursday sign a memorandum of understanding on cooperation in nuclear energy, Poland’s industry ministry said. In a statement on social media platform X, the ministry said the outline agreement would include exchanging information and technological support. The Nikkei business daily first reported the deal would be …

Japan to sign outline deal on technology use for nuclear plant in Poland Read More »

By Jihoon Lee and Heekyong Yang SEOUL (Reuters) – South Korea’s trade minister said on Wednesday he saw domestic companies investing more in the United States if the next U.S. administration introduces higher tariffs. He made his comments just hours after Republican Donald Trump’s victory in the 2024 U.S. presidential election. Trade Minister Cheong In-kyo …

South Korean trade minister sees firms investing more in US if Washington imposes tariffs Read More »

By Laurie Chen BEIJING (Reuters) – China will work with the U.S. on the basis of mutual respect, it said on Wednesday as Donald Trump closed in on victory in the presidential election, but strategists said Beijing was bracing for bitter superpower rivalry over trade, technology and security issues. “Our policy towards the U.S. is …

China will work with US, government says, but more rivalry expected under Trump Read More »

By Katya Golubkova and Yuka Obayashi TOKYO (Reuters) -Japanese trading house Itochu booked a 6% increase in first-half profits, it said on Wednesday, as a rise in food, textiles and the FamilyMart convenience store chain offset the impact of lower prices on the metals and energy segments. Japanese trading houses have expanded their presence in …

Food, FamilyMart boost Japan’s Itochu’s H1 profit by 6% Read More »

By Daniel Leussink TOKYO (Reuters) -Toyota Motor posted on Wednesday its first quarterly profit drop in two years as its weaker sales and production issues in two crucial markets – Japan and the U.S. – stalled the Japanese automaker’s recent record run. The world’s top-selling automaker had been on a record profit run until earlier …

Toyota posts first quarterly profit drop in two years, hit by production woes Read More »