Reuters Asia Business

Chinese teapots Qicheng and Qirun buy crude for newly acquired plants, trade sources say

17 Sep 2025

By Siyi Liu SINGAPORE (Reuters) -Chinese independent refineries Qicheng Petrochemical and Qirun Petrochemical have bought crude oil from Brazil and West Africa for their newly acquired plants in eastern Shandong province, four trade sources said. The refiners, also known as teapots, acquired one bankrupt refinery each from state-run Sinochem Group that had been shut down …

Chinese teapots Qicheng and Qirun buy crude for newly acquired plants, trade sources say Read More »

Japan’s SBI Shinsei Bank looking at tokenised deposits for cross-border transactions

17 Sep 2025

By Leika Kihara TOKYO (Reuters) -Japan’s SBI Shinsei Bank said on Wednesday that it is considering introducing tokenised deposit payment services for its corporate clients, allowing them to make faster and cheaper cross-border payments. It has signed an agreement with DeCurret DCP, which provides the DCJPY tokenised deposit platform in Japan, to consider establishing the …

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Japan’s exports down in August as automakers grapple with US tariffs

17 Sep 2025

By Makiko Yamazaki TOKYO (Reuters) – Japan’s exports fell for a fourth straight month in August, government data showed on Wednesday, as elevated U.S. tariffs took a deeper toll on the country’s automotive and other manufacturing sectors. “Japanese automakers are still mostly absorbing the tariff costs by cutting export prices to maintain U.S. sales volumes,” …

Japan’s exports down in August as automakers grapple with US tariffs Read More »

EU firms brace for more shutdowns due to China rare earth controls despite summit promise

17 Sep 2025

By Mei Mei Chu BEIJING (Reuters) -European firms are expecting more shutdowns and suffering losses as Beijing continues to hold a tight grip on rare earth exports despite a July agreement to fast-track shipments to the bloc, the European Union Chamber of Commerce in China said on Tuesday. “Irrespective of the agreements and commitments reached …

EU firms brace for more shutdowns due to China rare earth controls despite summit promise Read More »

China’s $19 trillion stock market, once called uninvestable, lures foreigners again

17 Sep 2025

(Corrects reporting credit.) By Summer Zhen, Samuel Shen and Jiaxing Li HONG KONG (Reuters) – Foreign investors are plotting a return to China’s stock markets in a big way three years after pulling back and terming them uninvestable, encouraged by the tech opportunities on offer, and a growing demand for diversification beyond U.S. assets. Progress …

China’s $19 trillion stock market, once called uninvestable, lures foreigners again Read More »

TikTok lives: US, China in deal for app to keep operating in US

17 Sep 2025

By Andrea Shalal and Deborah Mary Sophia WASHINGTON (Reuters) – President Donald Trump on Tuesday announced an agreement between the U.S. and China to keep TikTok operating in the United States, with three sources familiar with the matter saying the deal was similar to one discussed earlier this year. The agreement requires TikTok’s American assets …

TikTok lives: US, China in deal for app to keep operating in US Read More »

China says US TikTok deal a ‘win-win’, will review app’s technology and IP transfers

17 Sep 2025

BEIJING (Reuters) -China on Wednesday called the framework deal reached in Madrid to switch short-video app TikTok to U.S.-controlled ownership a “win-win” and said it would review TikTok’s technology exports and intellectual property licensing, in a state media editorial. Investors on both sides of the Pacific are now waiting for a call scheduled for Friday …

China says US TikTok deal a ‘win-win’, will review app’s technology and IP transfers Read More »

Singapore’s Carro raises $60 million to promote Japanese cars in Asia

17 Sep 2025

SINGAPORE (Reuters) -Carro, Southeast Asia’s largest used-car online marketplace, has raised $60 million in a funding round led by Japan sovereign wealth fund Cool Japan Fund, the company said on Wednesday. The investment will go towards promoting Japanese cars across the Asia-Pacific region, Carro said in a statement, adding it was confident that it could …

Singapore’s Carro raises $60 million to promote Japanese cars in Asia Read More »

New US-China TikTok agreement similar to terms agreed this spring, sources say

17 Sep 2025

By Kane Wu, Julie Zhu and Karen Freifeld (Reuters) – President Donald Trump’s agreement with China that would keep TikTok operating in the United States, transferring its U.S. assets to U.S. owners from China’s ByteDance, is similar to a deal worked out earlier this year, three sources familiar with the new terms said. “We have …

New US-China TikTok agreement similar to terms agreed this spring, sources say Read More »

HK regulator bans former Citi Asia equities head over past regulatory breaches

16 Sep 2025

(Reuters) -Hong Kong’s Securities and Futures Commission said on Tuesday it has imposed a five-year ban on former Citigroup head of pan-Asia equities, Richard Charles Heyes, after he was found liable for regulatory breaches during his tenure more than five years ago. The SFC in 2022 had imposed sanctions against Citigroup Global Markets Asia (CGMAL) …

HK regulator bans former Citi Asia equities head over past regulatory breaches Read More »

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