Reuters Asia Business

IMF sees mixed global inflation picture in the face of higher tariffs

2 Oct 2025

By David Lawder WASHINGTON (Reuters) -The International Monetary Fund sees a mixed inflation picture globally as companies in the U.S. and other tariff-raising countries have so far absorbed much of the higher duties, while demand remains suppressed in major exporting countries like China, IMF spokesperson Julie Kozack said on Thursday. Kozack told a regular press …

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Exclusive-China’s banks lend to Saudi gas project while its funds sit out of BlackRock-led deal, sources say

2 Oct 2025

By Hadeel Al Sayegh DUBAI (Reuters) -China’s biggest state banks are lending billions to Aramco’s Jafurah gas project, though its funds have passed on the opportunity to invest in the venture, three people familiar with the matter said. Chinese banks provided more than a third of the financing for what will potentially be the biggest …

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Ansaldo Energia eyes acquisitions, Asia push to boost sales, CEO says

2 Oct 2025

MILAN (Reuters) -Italian power plant developer Ansaldo Energia is looking to expand into new markets such as Vietnam and Malaysia through acquisitions as its aims to double its turnover in the coming years, its chief executive said on Thursday. The group, which also makes nuclear reactors and is owned by Italian state lender Cassa Depositi …

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In an Indian hinterland town, hotels become Japanese havens for auto expats

2 Oct 2025

By Aditi Shah VITHALAPUR, India (Reuters) -In India’s Gujarat, eating meat or seafood is frowned upon, but in the state’s dusty industrial town of Vithalapur, hotels with names like Osaka Palace are churning out ramen and tempura – all to please the Japanese auto engineers and managers who now reside in them. The transformation of …

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Indonesia regrets EU’s move to appeal on WTO biodiesel ruling

2 Oct 2025

JAKARTA (Reuters) -The Indonesian trade ministry on Thursday urged the European Union to adopt World Trade Organization’s panel ruling to remove countervailing duties on Indonesian biodiesel imports and regretted the block’s move to appeal the WTO ruling. The European Union said last week it will appeal the WTO panel ruling which backed Jakarta’s claim that …

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Indonesia’s Danantara to deploy $10 billion in first three months, eyes global push, CIO says

2 Oct 2025

By Yantoultra Ngui and Xinghui Kok SINGAPORE (Reuters) -Indonesia’s new sovereign wealth fund Danantara will deploy about $10 billion in its first three months of operation starting in October, with 80% earmarked for domestic investments and the rest going overseas, its chief investment officer said on Thursday. Danantara, short for Daya Anagata Nusantara, was launched …

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Taiwan says it will cooperate with further restrictions on Russian energy imports

2 Oct 2025

TAIPEI (Reuters) -Taiwan’s government said on Thursday that it will cooperate should “international allies” impose further restrictions on Russian energy imports, after a group of non-governmental organisations criticised the island’s continued business with the country. While Taiwan joined the United States and major Western allies in putting broad sanctions on Russia after it invaded Ukraine …

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Ziplines, DJs and Trump: Singapore’s crypto conference has attendees roaring

2 Oct 2025

By Xinghui Kok and Rae Wee SINGAPORE (Reuters) -From making predictions about a multi-trillion stablecoin market to praising U.S. President Donald Trump for his support of the crypto industry, a high-profile conference in Singapore this week added to the buoyant mood in the industry.     Around 25,000 people gathered at the two-day TOKEN2049 conference that …

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Samsung, SK Hynix shares leap after OpenAI chip deal

2 Oct 2025

SEOUL (Reuters) -Shares of South Korea’s Samsung Electronics jumped 4.7% and SK Hynix soared 12% on Thursday, bolstered by a deal with OpenAI to support the ChatGPT maker’s expansive Stargate artificial intelligence data centre project. The partnership, announced late on Wednesday, sent Samsung shares to their highest in more than four years and SK Hynix …

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China railway trips hit record on first day of national holiday

2 Oct 2025

BEIJING (Reuters) -China’s national railway recorded 23.13 million trips on the first day of the country’s eight-day National Day holiday on Wednesday, up nearly 8% from a year earlier and setting a single-day record, state media CCTV reported. More than 19 million trips were expected to be made on the railway network on Thursday, CCTV …

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