Reuters Asia Business

China spotlights major data centre project using domestic chips

17 Sep 2025

By Che Pan and Brenda Goh BEIJING (Reuters) -China Unicom has built a massive data centre powered by domestically developed artificial intelligence chips from Alibaba and other companies, state broadcaster CCTV said, as Beijing seeks to wean itself off foreign technologies. The news comes as U.S. officials voiced national security concerns at trade talks with …

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Factbox-Wells Fargo’s business in China, where senior executive has left after lifting of exit ban

17 Sep 2025

(Reuters) – A Wells Fargo banker, Chenyue Mao, who had been barred from leaving China for several months, has been allowed to return to the United States following negotiations between U.S. and Chinese officials, according to two people with knowledge of the case. Mao, who works in Wells Fargo’s international factoring business, was prevented from …

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India’s Haldia Petrochemicals trading arm plans to scale up in Asia, sources say

17 Sep 2025

By Mohi Narayan NEW DELHI (Reuters) -HPL Global, the Singapore unit of India’s Haldia Petrochemicals, plans to boost its trade volume by 30% to up to 2 million metric tons and double the number of traders in 2026, two industry sources familiar with the matter said on Wednesday. The Singapore trading arm, which is led …

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BMW to start iX3 production at plant in Hungary’s Debrecen from next month

17 Sep 2025

BERLIN (Reuters) -German luxury carmaker BMW will start series production of its iX3 electric model at a new plant in Debrecen, Hungary from the end of next month, the company said in a statement on Wednesday. With the iX3, BMW hopes to reclaim lost ground in the EV race with Chinese rivals. Capacity for the …

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Thai industrial sentiment hits 3-year low in August on politics, strong baht

17 Sep 2025

By Thanadech Staporncharnchai BANGKOK (Reuters) -Thailand’s industrial sentiment index fell to its lowest level in three years in August on worries about domestic political uncertainty, a strong baht currency and U.S. tariffs, the Federation of Thai Industries said on Wednesday. After falling for the past six months, the FTI said sentiment may pick up on …

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EU, Indonesia to sign trade pact next week in Bali, Indonesian minister says

17 Sep 2025

JAKARTA (Reuters) -The European Union (EU) and Indonesia have finalised a trade agreement to be signed next week in Bali island, a senior minister from the Southeast Asian nation said on Wednesday. The signing will occur on September 23, Indonesia’s senior economic minister Airlangga Hartarto told Reuters. “We plan to sign in Bali,” Airlangga said. …

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Nissan to shut design studios in US and Brazil and downsize London, Japan operations

17 Sep 2025

(Reuters) – Nissan Motor will close its design centers in California and Sao Paulo and scale back operations in London and Japan as part of a realignment of its global design organization, the company said on Tuesday. The Japanese automaker said the restructuring, which will be completed by the end of fiscal 2025, is aimed …

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Shell adjusts retail staffing amid shortages at Indonesian petrol stations

17 Sep 2025

JAKARTA (Reuters) -Shell said it is adjusting operational hours and staffing levels at some of its gas stations in Indonesia as a result of supply shortages, as the government insisted they would not be granted extra import quotas and should source fuel from the state-run Pertamina. Shell and BP-AKR, the operator of BP’s fuel stations, …

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Singapore’s exports fall 11.3% y/y in August, much weaker than forecast

17 Sep 2025

SINGAPORE (Reuters) – Singapore’s non-oil domestic exports fell 11.3% in August from the same month a year earlier, government data showed on Wednesday, weaker than analysts’ estimates as exports of both electronics and non-electronics fell. The fall compared with a Reuters poll forecast for an annual rise of 1.0%, and followed a revised fall of …

Singapore’s exports fall 11.3% y/y in August, much weaker than forecast Read More »

Vietnamese Hoa Phat’s agricultural arm to launch IPO as early as end of 2025

17 Sep 2025

HANOI (Reuters) – Hoa Phat Agriculture, a subsidiary of the Hoa Phat Group, Vietnam’s largest steelmaker, announced on Wednesday its intention to go public by as early as the end of 2025, aiming to raise funds to expand its farm investments and animal feed production facilities. The company set a minimum valuation of 11,887 dong …

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