Reuters Asia Business

(Reuters) -The United States of America will slap an additional 100% tariff on imports from China and impose export controls on all critical U.S.-made software from November 1, President Donald Trump said on Friday. In a post on Truth Social, Trump said: “Starting November 1st, 2025 (or sooner, depending on any further actions or changes …

US will impose additional 100% tariff on Chinese imports from November, Trump says Read More »

SAO PAULO (Reuters) -Construction on a TikTok data center in Brazil will begin in six months, an official said on Friday, with the project expected to bring in some 50 billion reais ($9.11 billion) in investment. “Six months from now, we will begin construction to host TikTok’s data center,” Mines and Energy Minister Alexandre Silveira …

Brazil to begin construction on TikTok data center in six months, minister says Read More »

(Reuters) -Copper prices are expected to stay in a range of $10,000-$11,000 per metric ton in 2026/2027 due to a market surplus, though the long-term outlook remains positive, Goldman Sachs said in a note on Friday. The bank noted three key factors that could limit copper’s upside: First: Chinese buyers could reduce purchases if prices exceed …

Goldman Sachs expects copper price to remain in $10,000-$11,000/t price range in 2026/2027 Read More »

By Susanna Twidale LONDON (Reuters) -Chinese wind turbine manufacturer Ming Yang Smart Energy will invest up to 1.5 billion pounds ($2 billion) to build a wind turbine manufacturing facility in Scotland which could create up to 1,500 jobs, it said on Friday. Britain is seeking to scale up renewable power to help meet its climate …

Chinese wind turbine maker to invest up to $2 billion in Scottish factory Read More »

By Lewis Jackson BEIJING (Reuters) -China has further tightened export restrictions on rare earths ahead of talks between Presidents Donald Trump and Xi Jinping at the end of the month. The country produces over 90% of the world’s processed rare earths and rare earth magnets and has used export restrictions to throttle shipments. The 17 …

Explainer-How China’s new rare earth export controls work Read More »

By Chen Aizhu, Trixie Yap and Siyi Liu SINGAPORE (Reuters) -The latest U.S. sanctions on Iranian petroleum exports deal a blow to Chinese refining giant Sinopec by targeting a terminal through which the state major handles one-fifth of its crude oil imports, industry executives and analysts said. The sanctions announced on Thursday further complicate U.S.-China …

Latest US sanctions on Iranian oil deal blow to China’s Sinopec Read More »