Reuters Asia Business

BYD outsells Tesla in EU for second month, Stellantis returns to sales growth

By Alessandro Parodi (Reuters) -Chinese EV maker BYD sold three times as many new cars in the European Union last month than in August 2024, surpassing U.S. competitor Tesla for the second consecutive month, data from the European auto lobby ACEA showed on Thursday. Stellantis returned to sales growth in Europe for the first time …

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Boeing delivers 777 jet to China’s Suparna Airlines, first freighter delivery since trade war

BEIJING (Reuters) -Boeing delivered on Wednesday the first of two 777 freighters ordered by China’s Suparna Airlines, the U.S. planemaker said on Thursday via its official WeChat account. It marks the first new-build freighter handed to a Chinese carrier since the U.S.-China tariff war began. Nearly 60 Boeing 777 freighters are already flying at six …

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EU advancing in trade agreement talks with Philippines, Thailand, Malaysia, trade chief says

KUALA LUMPUR (Reuters) -The European Union is “advancing” in negotiations with the Philippines, Thailand and Malaysia on new free trade agreements, its trade commissioner Maros Sefcovic said on Thursday.  Sefcovic was speaking on the sidelines of a meeting in Kuala Lumpur between the economic ministers of the Association of Southeast Asian Nations and the bloc’s …

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China signals that purchases of US soybeans hinge on tariff removal

BEIJING (Reuters) -The United States should remove what China described as unreasonable tariffs and create conditions to expand bilateral trade, a Chinese commerce ministry spokesperson said on Thursday when asked if China would purchase U.S. soybeans. China, the world’s biggest buyer of soybeans, has yet to book any U.S. soybean cargoes from its autumn harvest, …

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Vietnam’s Sun PhuQuoc Airways’ first flight set for November 1

HANOI (Reuters) -Vietnam’s newly established Sun PhuQuoc Airways’ first commercial flight is planned for November 1, the company said on Thursday. Ticket sales will open from October 15, the company’s statement said, adding, adding that it has received all necessary licences from the authorities. (Reporting by Khanh VuEditing by David Goodman)

UK’s Nothing to expand smartphone manufacturing in India through $100 million joint venture

(Reuters) -London-based smartphone maker Nothing has signed a joint venture with Optiemus Infracom to expand manufacturing in India, the company said on Thursday. Under the deal, Nothing and Optiemus will invest more than $100 million and create over 1,800 jobs in the world’s second-largest mobile phone manufacturer over the next three years, the company said, …

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Thai finance minister says country must heed Fitch warning

BANGKOK (Reuters) -Thailand’s finance minister said on Thursday that the country needs to take heed of warnings by ratings agency Fitch, which downgraded its outlook for the Thai economy this week, adding that it would consider new stimulus measures next month. Fitch revised its outlook to “negative” from “stable”, saying that ongoing political uncertainties were …

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Centurion Accommodation REIT jumps 11% in Singapore’s second-biggest IPO of 2025

By Jun Yuan Yong and Yantoultra Ngui SINGAPORE (Reuters) -Centurion Accommodation REIT rose on its Singapore debut on Thursday after raising S$771.1 million ($598.8 million) in the city-state’s second-largest IPO this year. Units of the real estate investment trust opened at S$0.98 on the Singapore Exchange, up 11.4% from the IPO price of S$0.88 per …

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China premier, EU chief stress cooperation as Trump tariffs bite

(Reuters) -China’s Premier Li Qiang and European Union chief Ursula von der Leyen stressed cooperation during their meeting in New York, as the world’s No.2 and No.3 economies looked to defuse trade tensions while squeezed by U.S. President Donald Trump’s tariffs. Von der Leyen, in a statement on her X account after the meeting on …

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