Reuters Asia Business

Indonesia’s Supreme Court overturns acquittals of palm oil firms over misconduct

25 Sep 2025

JAKARTA (Reuters) -Indonesia’s Supreme Court has overturned the acquittals of Wilmar Group and two other palm oil firms over allegations of misconduct in securing palm oil export permits in 2022, according to court documents reviewed on Thursday. Prosecutors had appealed the earlier ruling that cleared Wilmar, Musim Mas Group and Permata Hijau Group, following the …

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China probes Mexico’s trade restrictions

25 Sep 2025

BEIJING (Reuters) -China’s commerce ministry on Thursday launched an investigation into Mexico’s tariffs and other trade restrictive measures against China, a ministry statement showed. The measures under investigation include Mexico’s plans to raise tariffs on Chinese goods such as automobiles and parts, textiles and toys, as well as other trade and investment restrictions imposed in …

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White House adviser Hassett cites enormous progress on China-US trade talks

25 Sep 2025

WASHINGTON (Reuters) -White House economic adviser Kevin Hassett on Thursday said the U.S. has made enormous progress on trade talks with China in the last few months but considerable work remains. U.S. President Donald Trump and Chinese President Xi Jinping are discussing a range of things including Chinese purchases of Russia’s oil exports, Hassett said …

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Thailand’s new government pledges economic fixes as Fitch cuts outlook

25 Sep 2025

By Orathai Sriring and Thanadech Staporncharnchai BANGKOK (Reuters) -Thailand’s new government said on Thursday that it would move quickly to bolster a stuttering economy and maintain fiscal discipline, describing an outlook revision by ratings agency Fitch as a warning. Fitch on Wednesday revised Thailand’s outlook to “negative” from “stable”, citing increasing risks to its public …

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China’s August net gold imports via Hong Kong fall 39% from July

25 Sep 2025

(Reuters) -China’s net gold imports via Hong Kong in August fell 39.11% from July, Hong Kong Census and Statistics Department data showed on Thursday. WHY IT’S IMPORTANT As the world’s leading gold consumer, China’s purchasing activities can significantly influence global gold markets. The Hong Kong data may not provide a complete picture of Chinese purchases, …

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Toyota launches Woven City test site near Mt. Fuji for tech testing

25 Sep 2025

By Daniel Leussink and Maki Shiraki SUSONO, Japan (Reuters) -Toyota Motor opened the first section of its Woven City testing site near Japan’s Mt. Fuji on Thursday, more than five years after unveiling the project aimed at accelerating real-world trials of next-generation technologies. The global automotive industry has been shifting rapidly towards electrification, automation and …

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China studies how to regulate copper smelting capacity, industry association says

25 Sep 2025

By Amy Lv, Dylan Duan and Ryan Woo BEIJING (Reuters) -China, the world’s biggest copper smelter, is studying ways to strengthen regulation on the expansion of smelting capacity, a state news outlet said on Thursday, as record low processing fees have curbed profits.  Chen Xuesen, vice chairman at the China Nonferrous Metals Industry Association, was quoted …

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Indonesia sovereign fund INA, Export Development Canada sign up to $600 million investment partnership 

25 Sep 2025

JAKARTA (Reuters) -Sovereign wealth fund the Indonesia Investment Authority said on Thursday it had signed a $600 million agreement with Export Development Canada to explore investment opportunities in sectors such as infrastructure and renewable energy.    In a statement from the fund, Canada’s International Trade Minister Maninder Sidhu was quoted saying the agreement “will give …

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New World Development secures up to $758 million loan from Deutsche Bank

25 Sep 2025

(Reuters) -Hong Kong property developer New World Development said on Thursday it had secured a term loan facility of up to HK$5.9 billion ($758.62 million) from German multinational investment lender Deutsche Bank AG. The news comes after New World clarified earlier this month that it was in talks with the German bank over a loan facility. …

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HSBC hires Matarranz as head of international wealth outside Asia

25 Sep 2025

By Tatiana Bautzer, Andres Gonzalez and Iain Withers -Europe’s largest bank, HSBC, hired Santander banker Victor Matarranz as Head of International Wealth and Premier Banking (IWPB) for the Americas and Europe, the bank said on Thursday. The lender has been reshuffling the unit and named Barry O’Byrne its CEO in October as it seeks to …

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