Reuters Asia Business

Indonesia president urges authorities to thwart illegal mining and tin smuggling

6 Oct 2025

PANGKALPINANG, Indonesia (Reuters) -Indonesian President Prabowo Subianto on Monday called on authorities including the attorney general, military, customs office and coast guard to continue efforts to halt illegal tin mining and smuggling. On Monday he witnessed a handover of assets seized in a corruption case involving tin mining, which he said showed serious efforts by the …

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Vietnam’s footwear exports to US fell 27% in Sept amid Trump tariffs

6 Oct 2025

HANOI (Reuters) -Vietnam’s footwear exports to the United States plunged 27% in September to $611 million, marking the steepest decline among all sectors following the implementation of tariffs by the U.S. government, according to customs data released Monday. Textile exports also saw a sharp monthly drop of 20%, while shipments of phones and components fell …

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Takaichi could tolerate another BOJ rate hike by January, economic adviser says

6 Oct 2025

TOKYO (Reuters) -Sanae Takaichi, who is set to become Japan’s new prime minister, will likely tolerate another 25-basis-point interest rate hike by January next year if the economy is in firm shape, said Takuji Aida, who is widely considered as among her closest advisers on economic policy. But such a move would be on condition …

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Philippine water company Maynilad files preliminary prospectus for planned IPO

6 Oct 2025

MANILA/SINGAPORE (Reuters) -Maynilad Water Services Inc said it had submitted a preliminary prospectus for its planned initial public offering to the Philippine Stock Exchange and corporate regulator, moving closer to what could be the country’s biggest listing this year. The filing contains details on its business and financial accounts and kicks off preparations for institutional …

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Japan’s Nikkei seen hitting new highs as yen, bonds sputter on Takaichi victory

6 Oct 2025

By Rocky Swift TOKYO (Reuters) -Japanese shares are expected to keep setting records even as the nation’s currency and bonds sputter after fiscal dove Sanae Takaichi was elected on Saturday to lead the ruling party and likely become prime minister. Takaichi, 64, was considered to have the most expansionist fiscal and monetary agenda among five …

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Takaichi win as Japan leader may delay, not derail, BOJ rate hikes

6 Oct 2025

By Leika Kihara TOKYO (Reuters) -With Sanae Takaichi set to become Japan’s prime minister, advancing expansionist economic policies, chances have risen that the central bank will avoid raising interest rates this month, though the pause may not last if it batters the yen. Takaichi, likely to become Japan’s first female leader next week after winning …

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Foxconn third-quarter revenue hits record, misses market forecast

5 Oct 2025

TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker, reported record third-quarter revenue on strong demand for artificial intelligence products, though it missed the market forecast and offered caution about exchange rates. Revenue for Nvidia’s biggest server maker and Apple’s top iPhone assembler jumped 11% from the same quarter last year to T$2.057 trillion …

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Bitcoin hits all-time high above $125,000

5 Oct 2025

(Reuters) -Bitcoin, the world’s largest cryptocurrency by market value, hit a record high on Sunday and was up nearly 2.7% at $125,245.57 at 0512 GMT. Bitcoin’s previous record was $124,480 in mid-August, buoyed by friendlier regulations from U.S. President Donald Trump’s administration and strong demand from institutional investors. The cryptocurrency had risen on Friday for …

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OpenAI’s Altman seeks funds for infrastructure expansion on Asia, Middle East tour, WSJ reports

4 Oct 2025

(Reuters) -OpenAI CEO Sam Altman has embarked on a global fundraising initiative spanning East Asia and the Middle East, seeking financing and manufacturing partners to meet the company’s demand for its computing capacity, the Wall Street Journal reported on Saturday, citing sources familiar with the meetings. Altman has held discussions since late September in Taiwan, …

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