Reuters Asia Business

US targets Chinese companies over drone components used by Hamas, Houthis

8 Oct 2025

By Karen Freifeld WASHINGTON (Reuters) -The United States said on Wednesday it was adding 15 Chinese companies to its restricted trade list for facilitating the purchase of American electronic components found in drones operated by Iranian proxies including Houthi and Hamas militants. Ten companies in China were placed on the Commerce Department’s Entity List for …

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China’s BYD expands South American footprint with Argentina EV launch

8 Oct 2025

By Leila Miller and Lucinda Elliott BUENOS AIRES (Reuters) -China’s largest carmaker BYD on Wednesday launched sales of its EVs in Argentina, taking advantage of the lifting of import tariffs for electric and hybrid vehicles and boosting its fast-growing footprint in South America. The models for sale are the electric Yuan Pro SUV, Song Pro …

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Brazil’s beef exports to China jump 38% in September amid US tariffs

8 Oct 2025

By Roberto Samora SAO PAULO (Reuters) -Brazil’s beef exports to China rose 38.3% in September from a year earlier, reaching 187,340 tonnes, industry group Abrafrigo said on Wednesday, helping push total monthly exports to a record high. China is the largest market for Brazilian beef, and has increased purchases as part of its broader strategy …

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Gold shatters $4,000 milestone, silver belts record high as investors rush to safety

8 Oct 2025

By Anmol Choubey and Anushree Mukherjee (Reuters) -Gold surged past the $4,000 an ounce level for the first time on Wednesday, building on a record-breaking rally as broader geopolitical and economic uncertainty, as well as expectations of U.S. interest rate cuts sent investors flocking to the safe-haven asset. Silver also climbed to a record high …

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SoftBank to buy ABB’s robot business for $5.4 billion in push to merge AI and robotics

8 Oct 2025

By John Revill and Anton Bridge ZURICH/TOKYO (Reuters) -SoftBank Group has agreed to buy the robotics business of Swiss engineering group ABB in a $5.4 billion deal, as the Japanese investor forges ahead with a strategy to fuse robotics and artificial intelligence. The acquisition, announced on Wednesday, is the latest by founder and CEO Masayoshi …

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Sembcorp to acquire India’s ReNew solar unit to boost renewables portfolio

8 Oct 2025

(Reuters) -Singapore’s Temasek-backed Sembcorp Industries said on Wednesday its subsidiary has signed a share purchase agreement to acquire ReNew Pvt Ltd’s solar energy unit for about S$246 million ($190.02 million) to bolster its renewable energy portfolio in India. WHY IT’S IMPORTANT The deal comes at a time when India is looking to boost investments in …

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Indonesia says 22 plants in industrial zone near Jakarta contaminated by caesium 137

8 Oct 2025

JAKARTA (Reuters) -Indonesia’s special task force on radioactive contamination has found traces of Caesium 137 at 22 production facilities in an industrial zone near Jakarta, officials said on Wednesday. The contamination was first detected in a batch of shrimp shipped to the United States in August by a local company, PT Bahari Makmur Sejahtera (BMS). …

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Japan’s likely next prime minister wrestles coalition backlash

8 Oct 2025

By Tamiyuki Kihara and John Geddie TOKYO (Reuters) -Japan’s likely next premier Sanae Takaichi is already facing criticism from her ruling party’s long-time coalition partner, a rift that could delay or, in an extreme scenario, jeopardise her premiership. Hardline conservative Takaichi, selected to head the ruling Liberal Democratic Party in a weekend vote, on Tuesday …

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Thailand unexpectedly holds rates, trims GDP view but leaves door open to more cuts

8 Oct 2025

By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s central bank left its key interest rate steady on Wednesday, surprising markets which had expected another cut as the economy struggles with a strengthening baht, negative inflation and U.S. tariffs. But policymakers left the door open to more easing if the glum outlook for Southeast …

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Toyota, Sumitomo Metal make advances in cathode materials for solid-state batteries

8 Oct 2025

TOKYO (Reuters) -Toyota and Sumitomo Metal Mining said on Wednesday they have made advances in the development of cathode materials for all-solid-state batteries for electric cars, and have agreed to work together to mass produce those materials. Solid-state batteries hold the promise of improved safety, a longer lifespan and faster charging compared with conventional lithium-ion …

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