Reuters Asia Business

China threatens to shut down polysilicon plants if new energy standards can’t be met

17 Sep 2025

BEIJING (Reuters) -China is threatening to shut down producers of polysilicon, a building block for solar panels, if they do not meet new energy standards, according to draft measures released on Tuesday by the country’s standardization administration. Once the standards are officially in force, plants which cannot meet the baseline energy consumption for polysilicon products …

China threatens to shut down polysilicon plants if new energy standards can’t be met Read More »

Nissan seeks to learn from Chinese supplier strategies as part of cost-cutting drive

17 Sep 2025

YOKOHAMA, Japan (Reuters) – Nissan Motor is studying the cost competitiveness of Chinese suppliers and exploring ways to apply their practices globally, as it aims to cut variable costs by 250 billion yen ($1.71 billion) in a broad efficiency drive, a senior executive said. Tatsuzo Tomita, Nissan’s chief of total delivered cost transformation, said on …

Nissan seeks to learn from Chinese supplier strategies as part of cost-cutting drive Read More »

Japan’s Kansai Electric to resume surveys for nuclear reactor replacement at Mihama halted by Fukushima disaster

17 Sep 2025

TOKYO (Reuters) -Kansai Electric Power will resume surveys at its Mihama nuclear power station in western Japan in November on the feasibility of building a successor unit after they were halted following the Fukushima disaster. The renewed surveys, first announced in July, mark Japan’s first concrete step towards building a new reactor since the disaster …

Japan’s Kansai Electric to resume surveys for nuclear reactor replacement at Mihama halted by Fukushima disaster Read More »

Indonesia central bank makes another surprise rate cut, independence concerns grow

17 Sep 2025

By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s central bank delivered another surprise interest rate cut on Wednesday, aiming to bolster economic growth even as investors’ concerns grow over the country’s fiscal discipline. Bank Indonesia trimmed the benchmark 7-day reverse repurchase rate by 25 basis points to 4.75%, its sixth cut since it …

Indonesia central bank makes another surprise rate cut, independence concerns grow Read More »

Thailand’s strong baht threatens exports, tourism amid global headwinds

17 Sep 2025

By Orathai Sriring and Thanadech Staporncharnchai BANGKOK (Reuters) -The strengthening of Thailand’s currency to a four-year high is a threat to exports and tourism, two key growth engines for the struggling economy and posing a major economic headache for the incoming government of Prime Minister Anutin Charnvirakul. The baht is up 8% against the U.S. …

Thailand’s strong baht threatens exports, tourism amid global headwinds Read More »

SMBC to buy further 4.2% of Yes Bank from Carlyle affiliate

17 Sep 2025

TOKYO (Reuters) – The banking arm of Sumitomo Mitsui Financial Group has agreed to buy an additional 4.2% stake in India’s Yes Bank from an affiliate of Carlyle Group for 51 billion yen ($349 million), it said on Wednesday. Sumitomo Mitsui Banking Corporation, Japan’s second-largest lender by assets, also said it had now completed its …

SMBC to buy further 4.2% of Yes Bank from Carlyle affiliate Read More »

Foxconn Interconnect’s Saudi JV to start building Middle East factory in December

17 Sep 2025

By Wen-Yee Lee TAIPEI (Reuters) – Foxconn Interconnect Technology’s Saudi Arabian joint venture will start building its first manufacturing base in the Middle East in December, which will make electric vehicle chargers, the company said on Wednesday.  The new factory is expected to begin production in 2026, FIT chairman Sidney Lu said at an event in …

Foxconn Interconnect’s Saudi JV to start building Middle East factory in December Read More »

Indonesia sovereign wealth fund INA targets data centres, AI in healthcare, renewables

17 Sep 2025

By Yantoultra Ngui SINGAPORE (Reuters) – The Indonesia Investment Authority is prioritising digital infrastructure, healthcare and renewables as the sovereign wealth fund seeks foreign partners and supports the nation’s economic development, its chief investment officer told Reuters. INA was established in 2020 and started operations in 2021 with $5 billion in capital from the government …

Indonesia sovereign wealth fund INA targets data centres, AI in healthcare, renewables Read More »

FedEx profit to be dragged down by US tariffs on previously exempt parcels

17 Sep 2025

By Lisa Baertlein and Abhinav Parmar LOS ANGELES (Reuters) -FedEx will report a quarterly profit hit from President Donald Trump’s decision to end tariff-exempt treatment for popular direct-to-consumer shipments when the global delivery firm reports results on Thursday, analysts said. FedEx’s fiscal first quarter, which ended on August 31, captures the impact from the May …

FedEx profit to be dragged down by US tariffs on previously exempt parcels Read More »

Bristol Myers to sell 60% stake in China joint venture

17 Sep 2025

SHANGHAI (Reuters) -U.S. drugmaker Bristol Myers Squibb said on Tuesday it has signed an agreement to sell its 60% ownership stake in a pharmaceutical joint venture in China. “As part of our long-term strategy, we continue to align our resources to support evolving business needs across our global network,” a spokesperson for the company said in …

Bristol Myers to sell 60% stake in China joint venture Read More »

Close Bitnami banner
Bitnami