Reuters Asia Business

By Rajendra Jadhav MUMBAI (Reuters) – India’s attempts to lower edible oil prices ahead of important state elections have been ruined by a spike in global palm oil prices to record highs after Indonesia, the world’s biggest supplier, moved restrict exports. Mindful of an electorate that is highly sensitive to food price inflation, India’s government …

India struggles to contain vegoil prices as Indonesia restricts exports Read More »

By Andrea Shalal and David Lawder WASHINGTON (Reuters) – U.S. officials called on Monday for “concrete action” from China to make good on its commitment to purchase $200 billion in additional U.S. goods and services in 2020 and 2021 under the “Phase 1” trade deal signed by former President Donald Trump. The officials said Washington …

Exclusive-U.S. calls for ‘concrete action’ from China to meet Phase 1 purchase commitments Read More »

By Toby Sterling AMSTERDAM (Reuters) -The Dutch antitrust watchdog on Monday fined apple Apple 5 million euros ($5.72 million) for a third time for failing to allow software application makers in the Netherlands to use non-Apple payment methods for dating apps listed in the company’s App Store. The Authority for Consumers and Markets (ACM) has …

Dutch watchdog fines Apple $5.7 million again in App Store dispute Read More »

SEOUL (Reuters) – South Korea’s antitrust regulator said on Monday it decided to fine German carmaker Mercedes-Benz and its Korean unit 20.2 billion won ($16.9 million) for false advertising tied to gas emissions of its diesel passenger vehicles. The Korea Fair Trade Commission (KFTC) said Mercedes had tampered with pollution mitigation devices by installing illegal …

S.Korea fines Mercedes $16.9 million over emission rules breach Read More »

By Makiko Yamazaki TOKYO (Reuters) – Toshiba Corp said it now aims to break up into two companies instead of three, while also unveiling a big boost to planned shareholder returns in an effort to appease angry investors. Its revised plan is still expected, however, to face much pushback from foreign hedge funds, many of …

Toshiba now plans to split into two, bumps up shareholder return targets Read More »

By Min Zhang and Emily Chow BEIJING (Reuters) -China, the world’s top steel producer, said on Monday that it aims to “significantly increase” mines’ iron ore production and boost utilisation of steel scrap, as part of a plan to develop a higher quality, greener ferrous industry. Making a joint statement with the state planner and …

China plans to increase iron ore output, boost use of steel scrap Read More »