Reuters Asia Business Archives - Page 20 of 2133

Sales of foreign-branded phones in China up 13.0% in October, data shows

10 Dec 2025 10 Dec 2025

BEIJING, Dec 10 (Reuters) – Sales of foreign-branded phones, including Apple Inc’s iPhone, increased 13.0% year-on-year in China in October, according to Reuters calculations based on data released on Wednesday by a government-affiliated research firm. The shipments of foreign-branded phones had rose to 7.027 million units in October, from 6.216 million handsets the same month …

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Bangladesh signs letter of intent to buy Eurofighter Typhoon jets

10 Dec 2025 10 Dec 2025

DHAKA, Dec 10 (Reuters) – The Bangladesh Air Force has signed a letter of intent with Italy’s Leonardo S.p.A to buy Eurofighter Typhoon multi-role combat aircraft as part of its modernisation plans. “It was signed yesterday, and it is a preliminary step to begin discussions,” an army official said. The air force did not say …

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Share of China-made copper in LME stocks grows on higher exports

10 Dec 2025 10 Dec 2025

Dec 10 (Reuters) – The share of China-made copper among available London Metal Exchange stocks increased in November, exchange data showed on Wednesday, as a favourable price arbitrage incentivised Chinese exports. The percentage of available copper stocks – or those that are on warrant – of Chinese origin in LME warehouses was at 85% at …

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Indonesia to levy gold export duties from December 23

10 Dec 2025 10 Dec 2025

JAKARTA, Dec 10 (Reuters) – Indonesia will impose duties on exports of gold products from December 23, a regulation on the finance ministry’s website showed on Wednesday, a step that could earn revenue of $180 million next year for the southeast Asian nation. Duties ranging from 7.5% to 12.5%, depending on the type of gold …

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IMF urges China to take the ‘brave choice’: curb exports, boost consumption

10 Dec 2025 10 Dec 2025

(Adds dropped word ‘economy’ in second bullet point) By Joe Cash BEIJING, Dec 10 (Reuters) – The International Monetary Fund on Wednesday urged China to make the “brave choice” of speeding up structural reform, as pressure grows on the world’s second-largest economy to shift towards a consumption-led model and curb reliance on debt-driven exports. “China …

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Mapletree Pan Asia Commercial Trust to sell Hong Kong office tower for $252 million

10 Dec 2025 10 Dec 2025

Dec 10 (Reuters) – Mapletree Pan Asia Commercial Trust said on Wednesday it is offloading the office tower at Hong Kong’s Festival Walk mall for HK$1.96 billion ($251.89 million), as part of its portfolio optimization amid a sluggish Greater China office market. The Singapore-listed REIT, backed by Singapore’s state investment firm Temasek Holdings, agreed to …

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Explainer-How Chinese entities are already using Nvidia’s powerful H200 AI chips

10 Dec 2025 10 Dec 2025

By Eduardo Baptista BEIJING, Dec 10 (Reuters) – U.S. President Donald Trump’s move to allow exports to China of Nvidia’s second-best artificial intelligence chip, the H200, will spur strong demand from the country’s tech giants, research institutes, and its defence-industrial complex. Beijing has not yet confirmed whether it will allow the chip to be sold …

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Wingtech invites Nexperia custodians to talks on control of the company

10 Dec 2025 10 Dec 2025

AMSTERDAM, Dec 10 (Reuters) – Wingtech, the Chinese parent company of Netherlands-based chipmaker Nexperia, said on Wednesday it has invited the court-appointed custodians of the Dutch firm for talks on control of the company, a possible first step toward easing relations. Nexperia’s European arm has been at odds with its Chinese parent and Chinese operating …

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South Korea’s Hanwha, US defense startup Vatn to build underwater drones

10 Dec 2025 10 Dec 2025

By David Jeans NEW YORK, Dec 10 (Reuters) – South Korean shipping giant Hanwha Group has teamed up with U.S. defense startup Vatn Systems to develop autonomous underwater drones for the U.S. Navy, the companies said, marking the latest bilateral effort to counter China’s expanding naval presence. Hanwha participated in a $60 million funding round …

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Another Chinese rare earth producer gets streamlined licence for magnet exports

10 Dec 2025 10 Dec 2025

BEIJING, Dec 10 (Reuters) – Chinese rare earth producer Ningbo Jintian Copper said on Wednesday it had secured streamlined licences for magnet product exports. The new “general licences” are designed to allow more exports under year-long permits for individual customers following an agreement after a meeting between China’s President Xi Jinping and his U.S. counterpart …

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Reuters Asia Business﻿﻿

Reuters Asia Business