Reuters Asia Business

Indonesia’s palm oil exports to EU to climb on trade pact, regulatory reprieve

24 Sep 2025

By Rajendra Jadhav MUMBAI (Reuters) -Indonesia’s palm oil exports to the European Union are projected to increase in 2026, supported by a bilateral trade pact and the EU postponing its anti-deforestation law for a second time, the head of an industry body told Reuters on Wednesday. The EU will delay the anti-deforestation law to next …

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Bessent says aircraft engines, chemicals could be leverage in US-China talks

24 Sep 2025

By Andrea Shalal and Doina Chiacu WASHINGTON (Reuters) -U.S. aircraft engines and parts, along with certain chemicals, could provide important leverage for the United States in its talks with China, U.S. Treasury Secretary Scott Bessent said on Wednesday. Bessent told Fox Business Network’s “Mornings with Maria” program that rare earth minerals from China were flowing, …

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BYD needs battery plant in Europe to support auto production increase, special adviser says

24 Sep 2025

MILAN (Reuters) -Leading Chinese automaker BYD will need to manufacture auto batteries in Europe as its car production in the region is expected to expand in the coming years, the group’s special adviser for Europe said on Wednesday. BYD aims to produce all its EVs for sale in Europe locally within three years, helping it …

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WTO hails Chinese decision to forgo developing country benefits

24 Sep 2025

By Olivia Le Poidevin GENEVA (Reuters) -The World Trade Organization hailed a decision by China to forgo trade benefits from its status as a developing country, which the global body said would help make the trading system fairer and more balanced. China’s Premier Li Qiang announced on Tuesday that Beijing will no longer request so-called …

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Alibaba shares leap on Nvidia partnership, data center plans

24 Sep 2025

By Liam Mo and Eduardo Baptista BEIJING (Reuters) -Alibaba announced on Wednesday a partnership with Nvidia, global data center expansion plans and new artificial intelligence products, as it positions AI as a core business priority alongside its traditional e-commerce operation. The announcement helped send Hong Kong-listed shares of the Chinese company up nearly 10% to …

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China expands Argentina soybean buying to 20 cargoes, traders say

24 Sep 2025

By Ella Cao and Naveen Thukral BEIJING/SINGAPORE (Reuters) -Chinese importers kept up a hectic pace of Argentine soybean purchases after the South American supplier’s move to abolish export taxes temporarily made its prices competitive, traders said on Wednesday. The purchases are chipping away at U.S. market share as its farmers begin harvesting a bumper crop …

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China’s Jiangsu Hengrui to grant license for cancer drug to unit of India’s Glenmark

24 Sep 2025

(Reuters) -China’s Jiangsu Hengrui Pharmaceuticals said on Wednesday it has agreed to grant a paid license for its innovative cancer drug trastuzumab rezetecan to the Swiss unit of India’s Glenmark Pharmaceuticals. Under the agreement, Hengrui will receive an upfront payment of $18 million and can get milestone payments of up to $1.09 billion from Glenmark …

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Mercedes mulls investment in Geely-backed smart driving firm, Bloomberg reports

24 Sep 2025

BEIJING (Reuters) -Mercedes-Benz Group is preparing to invest in Geely-backed autonomous driving system developer Chongqing Qianli Technology, Bloomberg reported on Wednesday. The German automaker is planning to buy a minority stake in Qianli to bolster its software capabilities in China, with a deal to be announced as soon as this week, the report said. (Reporting …

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Iran oil sales to China would continue even if UN sanctions activated, oil minister says

24 Sep 2025

DUBAI (Reuters) -Iran’s oil sales to China would continue even if U.N. sanctions, are reimposed under a so-called snapback mechanism, Iran’s Oil Minister Mohsen Paknejad said on Wednesday, as Iran and European powers struggle to reach a deal to avert the sanctions.  The foreign ministers of France, Britain and Germany – the so-called E3 – …

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Japan’s finance ministry proposes cutting super-long JGB supply

24 Sep 2025

By Makiko Yamazaki TOKYO (Reuters) -Japan’s finance ministry said on Wednesday it proposed cutting the issuance of super-long government bonds in liquidity enhancement auctions in an effort to soothe market concerns. Japanese government bonds (JGB) have been under pressure in recent months due to global concerns over widening government deficits, domestic political uncertainty and declining …

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