Reuters Asia Business

By Dominique Vidalon PARIS (Reuters) -Shares in Remy Cointreau slid nearly 7% on Tuesday after the premium drinks maker indicated sales and profit growth would slow after a strong first half as consumption trends return to normal after two “outstanding” years. The group’s cautious outlook overshadowed a better-than-expected 16.2% rise in second quarter sales, boosted …

Remy Cointreau shares skid as cognac sales boom looks to have peaked Read More »

SHANGHAI (Reuters) – China’s Ministry of Finance will impose a consumption tax on e-cigarettes sold in China from Nov. 1, according to a notice published on Tuesday. The taxation policy will further entrench China’s once-scattered e-cigarette industry into the country’s state-backed tobacco monopoly, a major generator of tax revenue for the country. According to the …

China to impose consumption tax on e-cigarettes from November Read More »

By Jonathan Stempel, Sarah N. Lynch and Karen Freifeld NEW YORK (Reuters) -U.S. prosecutors said on Monday they have charged two Chinese nationals with trying to obstruct prosecution of a Chinese telecommunications company that a person familiar with the matter identified as Huawei Technologies Co Ltd . Prosecutors said the case is representative of a …

U.S. charges two Chinese nationals with obstructing Huawei case -source Read More »

DETROIT (Reuters) – Indonesia is in discussions with Ford Motor Co and Hyundai Motor Co to establish operations related to electric vehicles in the Southeast Asian country, Indonesia Coordinating Minister for Economic Affairs, Airlangga Hartarto, told an audience in Washington, D.C. on Thursday. Ford, nickel miner Vale Indonesia and China’s Zhejiang Huayou Cobalt said in …

Ford, Hyundai discussing EV investments with Indonesia – Indonesian minister Read More »

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Bad (economic) news is good news, and good (earnings) news is also good news. That’s the general outlook on Wall Street right now as investors continue to claw back some of this year’s losses – U.S. stocks on …

Marketmind: Tech tonic Read More »

By Medha Singh (Reuters) -U.S.-listed shares of Chinese companies slumped on Monday after President Xi Jinping’s new leadership team sparked investor concerns that ideology-driven policies would be prioritized at the cost of private sector growth. Ecommerce giants Alibaba, JD.com as well as internet behemoth Baidu crashed between 14% and 17%, even as the benchmark S&P …

China ADRs tumble as Xi’s new team sparks worries over economy’s path Read More »

By Norihiko Shirouzu (Reuters) – Toyota is considering a reboot of its electric-car strategy to better compete in a booming market it has been slow to enter, and has halted some work on existing EV projects, four people with knowledge of the still-developing plans said. The proposals under review, if adopted, would amount to a …

Exclusive-Toyota scrambles for EV reboot with eye on Tesla Read More »