Reuters Asia Business

By David Shepardson WASHINGTON (Reuters) – Tesla Inc reported 273 vehicle crashes since July involving advanced driving assistance systems, more than any other automaker, according to data U.S. auto safety regulators released on Wednesday. Automakers and tech companies reported more than 500 crashes since June 2021, when the National Highway Traffic Safety Administration (NHTSA) issued …

Tesla leads in driver assisted technology crashes — U.S. data Read More »

WASHINGTON (Reuters) – U.S. President Joe Biden will keep an open mind when considering relaxing tariffs on Chinese goods, White House spokesman John Kirby said on Wednesday. Biden has said he is considering removing some of the tariffs imposed on hundreds of billions of dollars worth of Chinese goods by predecessor Donald Trump in 2018 …

Biden keeping “mind open” on relaxing China tariffs Read More »

NEW YORK (Reuters) – The U.S. dollar extended its gains on Wednesday, after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation. The U.S. Dollar Currency Index, which tracks the greenback against six major currencies, was up 0.35% at 105.66. (Reporting by Saqib …

Dollar extends gains after Fed rate decision Read More »

By Choonsik Yoo and Heekyong Yang SEOUL (Reuters) – South Korea’s unionised truckers drove a strong bargain with their largely peaceful strike action proving effective without antagonising a public largely unsympathetic towards unions after years of militant action. But the group of ageing drivers are often seen as outliers in the country’s combative and politicised …

Analysis-South Korea truckers’ win no harbinger of labour market peace Read More »

By Byungwook Kim and Heekyong Yang SEOUL (Reuters) – South Korea’s unionised truckers headed back on the roads on Wednesday after the union and the transport ministry reached a tentative late-night agreement, ending a nationwide strike that crippled ports and industrial hubs. The transport ministry and truckers union agreed on late Tuesday to extend the …

S.Korea truckers return to work after strike deal; shares rally Read More »

KUALA LUMPUR (Reuters) – Malaysia on Wednesday said it would now allow the export of certain chicken products, partially lifting an export ban imposed on June 1. The Southeast Asian nation, which supplies live chickens mainly to neighbouring Singapore and Thailand, had halted the exports of chickens until prices and production stabilise, amid a growing …

Malaysia lifts export ban on certain chicken products – ministry Read More »

By Casey Hall SHANGHAI (Reuters) – American fast fashion retailer Forever 21 is making its third tilt at the China market, with plans to open a physical store in the country later this month. The brand said on social media platform WeChat that it would open a store “in June” at Jingjiang Impression City shopping …

Forever 21 takes third crack at China with new bricks and mortar store Read More »

SHANGHAI (Reuters) – Retail car sales in China jumped 54% during June 6 to June 12 compared to the same period in May, data from the China Passenger Car Association (CPCA) showed. Sales of passenger vehicles in that period increased to 349,000 units, up 25% from a year earlier, the association said on Wednesday. CPCA …

China car sales up 54% in the week of June 6 vs month earlier -CPCA Read More »

JAKARTA (Reuters) – Creditors of Garuda Indonesia are set to vote on a restructuring proposal on Friday, a court-appointed administrator said, after the debt-ridden airline was given a two-day delay on holding the vote. On Monday, Garuda asked for the vote, which was initially scheduled for Wednesday, to be postponed as the carrier finalised the …

Creditors to vote on Garuda Indonesia debt restructuring on Friday Read More »