Reuters Asia Business

Chinese automakers’ foreign investment tops domestic spending for first time, data shows

30 Sep 2025

By Joe Cash BEIJING (Reuters) -Chinese electric car makers invested more abroad than at home for the first time in 2024, new data from Rhodium Group showed on Wednesday, as fierce domestic competition makes it almost impossible for manufacturers to turn a profit. Automakers have benefited from years of subsidies and other government policies aimed …

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China calls halt to BHP iron ore cargoes during pricing talks, Bloomberg News reports

30 Sep 2025

MELBOURNE (Reuters) -China’s state iron ore buyer has asked the country’s steelmakers and traders to pause purchases of dollar-denominated seaborne iron ore cargoes from BHP during its annual price negotiations, Bloomberg News reported on Tuesday, citing people familiar with the matter. China, the world’s largest iron ore consumer, buys about 75% of global seaborne iron …

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Nippon Steel buys 30% stake of Canada’s Kami iron ore project

30 Sep 2025

TOKYO (Reuters) -Japan’s Nippon Steel said on Tuesday it had bought a 30% stake in Canada’s Kami iron ore project, forming a joint venture with Australia’s Champion Iron and Sojitz to secure high-grade ore supplies for direct reduced iron. Japan’s top steelmaker paid C$42 million ($30.2 million) of the total C$150 million consideration through its …

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China’s Zhipu AI says full artificial superintelligence unlikely by 2030

30 Sep 2025

BEIJING (Reuters) -Artificial superintelligence may be available by 2030, but its capabilities are only likely to surpass humans in some aspects, the head of one of China’s hottest AI startups said on Tuesday. The AI industry is abuzz with speculation about when the technology will overtake human intelligence. OpenAI CEO Sam Altman predicted last week …

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China’s Zijin Gold shines in Hong Kong debut as gold prices reach record high

30 Sep 2025

By Scott Murdoch and Kane Wu HONG KONG (Reuters) -China’s Zijin Gold International surged as much as 72% in its Hong Kong trading debut on Tuesday after raising $3.2 billion in the world’s largest IPO this year, lifting sentiment for new listings in the financial hub. The strong debut comes amid a sustained rally in …

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Chinese state media criticise some automakers for inflating car order numbers

30 Sep 2025

BEIJING (Reuters) -China’s state news agency said on Tuesday some automakers were “drastically” inflating pre-sale orders, warning such a practice can mislead consumers and investors and harm the industry’s future. The Xinhua Daily Telegraph, a newspaper published by Xinhua, didn’t name any of the automakers but alleged some asked employees to place refundable deposits to …

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Aster Chemicals invests $125 million in mooring, pipeline works for Singapore refinery

30 Sep 2025

SINGAPORE (Reuters) -Singapore’s Aster Chemicals and Energy is investing $125 million to upgrade its single buoy mooring and pipeline infrastructure near the Bukom refinery, aiming to restore direct crude deliveries and extend the facility’s operational lifespan. The company said on Tuesday that the upgraded pipeline is projected to provide more than 20 years of reliable …

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Singtel says Optus CEO needs time to fix issues after emergency call outages

30 Sep 2025

By Christine Chen and Renju Jose SYDNEY (Reuters) -Optus’s CEO will need more time to get its house in order, the boss of parent Singapore Telecommunications said on Tuesday, after back-to-back emergency call outages in Australia intensified scrutiny of the Australian telecom carrier’s governance. The two outages that occurred less than a fortnight apart affected …

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Thailand eyes stimulus as economy slows on falling tourism, exports 

30 Sep 2025

BANGKOK (Reuters) – Thailand’s economy needed a quick short term stimulus to jump start growth, which has been held back by weak exports and consumption, Finance Minister Ekniti Nitithanprapas said on Tuesday in an address to parliament.  Southeast Asia’s second-largest economy is projected to expand by 1.8% to 2.3% this year, according to the state planning agency, …

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