Reuters Asia Business

Japan’s Asahi hack that halted beer production claimed by Qilin ransomware group

By AJ Vicens (Reuters) -Qilin, a ransomware group with a track record of cyberattacks on major entities around the world, claimed responsibility on Tuesday for a hack on Japan’s Asahi Group Holdings that disrupted production at the beer and beverage giant. Asahi Group’s beer-making subsidiary, Asahi Breweries, said on Monday it had restarted production at …

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Japan’s real wages fall for eighth month in August

TOKYO (Reuters) -Japanese workers saw real wages fall for the eighth straight month in August, with a double-digit decrease in one-off compensations on top of relentless inflation outpacing nominal pay growth, government data showed on Wednesday. Inflation-adjusted real wages, a key barometer of Japanese households’ purchasing power, fell 1.4% in August from a year earlier, …

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Deja vu for Japan markets as Abe-disciple Takaichi’s victory jolts investors

By Ankur Banerjee and Laura Matthews SINGAPORE/NEW YORK (Reuters) -Sanae Takaichi’s surprise victory to become Japan’s next prime minister has left investors wondering whether the protégé of the late Shinzo Abe could usher in similar stimulus policies that may boost stocks but leave the yen fragile. Takaichi, a long-time advocate of the former prime minister’s …

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South Korea says steel exports to be impacted by EU plan to halve import quotas

SEOUL (Reuters) -South Korea said on Wednesday the European Commission’s proposal to cut tariff-free steel import quotas by almost half and to impose a 50% duty for excess shipments would negatively impact South Korean steel exports if implemented as planned.  The proposal, which seeks to protect European steelmakers, is expected to have “significant impact” on …

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OpenAI bans suspected China-linked accounts for seeking surveillance proposals

(Reuters) -OpenAI said on Tuesday it has banned several ChatGPT accounts with suspected links to the Chinese government entities after the users asked for proposals to monitor social media conversations. In its latest public threat report, OpenAI said some individuals had asked its chatbot to outline social media “listening” tools and other monitoring concepts, violating …

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FTSE Russell upgrades Vietnam to emerging market status, pending interim review

(Reuters) -Index provider FTSE Russell has upgraded Vietnam to emerging market status, subject to an interim review, in a long-awaited move that could see foreign investors plough billions of dollars into Southeast Asia’s best-performing stock market. FTSE Russell said on Tuesday that Vietnam’s upgrade from frontier status would be effective on September 21, 2026 and …

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Toyota explores small drone system for off-road vehicle use

By David Shepardson WASHINGTON (Reuters) -Toyota Motor said on Tuesday it is exploring the development of a small drone system primarily to support vehicle operations on unpaved roads and trails. The Japanese automaker said in a filing with the Federal Aviation Administration that the potential system aims to boost situational awareness in places where it …

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US port fees, and $3 billion in costs, loom for owners of Chinese-built ships

By Lisa Baertlein LOS ANGELES (Reuters) -The U.S. is one week away from imposing port fees on certain vessels with links to China, a move expected to cost the top 10 carriers $3.2 billion next year as President Donald Trump seeks to address China’s growing dominance on the high seas. “While some observers believe the …

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Funds investing in gold miners bask in record prices

By Patturaja Murugaboopathy (Reuters) -Mutual funds that invest in gold mining firms are leading 2025 performance, overtaking even high-flying AI and tech funds, as investors bet record gold prices will drive strong margins, cashflows and shareholder returns. According to LSEG Lipper data, gold mining funds have surged about 114% year-to-date, far outpacing technology funds, which …

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