Reuters Asia Business

Japan will carefully consider measures to pressure Russia, finance minister says

16 Sep 2025

TOKYO (Reuters) -Japan’s Finance Minister Katsunobu Kato said on Tuesday the government will carefully consider what measures would be most effective in pressuring Russia, while noting challenges in imposing higher tariffs on countries buying Russian oil. His comments come after the U.S. urged the Group of Seven nations on Friday to impose tariffs on buyers …

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IMF says Vietnam’s 2025 GDP growth to slow to 6.5% on US tariff effects

16 Sep 2025

HANOI (Reuters) -Vietnam’s economic growth is projected to slow to 6.5% this year due to the effects of the U.S. tariff, the International Monetary Fund said on Tuesday, after growth of 7.09% last year. “Downside risks are high,” the IMF said in a statement, adding that growth will decelerate further next year on unwinding of …

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US, China reach framework deal on TikTok; Trump and Xi to speak on Friday

16 Sep 2025

By David Lawder and Pietro Lombardi MADRID/WASHINGTON (Reuters) – U.S. and Chinese officials said on Monday they have reached a framework agreement to switch short-video app TikTok to U.S.-controlled ownership that will be confirmed in a Friday call between U.S. President Donald Trump and Chinese President Xi Jinping. The potential deal on the popular social …

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In latest trade warning to US, China says Nvidia violated anti-monopoly law

15 Sep 2025

By Eduardo Baptista and Arsheeya Bajwa BEIJING (Reuters) – China on Monday accused Nvidia of violating the country’s anti-monopoly law, the latest escalation in its trade war with the United States that has claimed the chipmaker as collateral damage.  The statement from China’s market regulator was made after what it said was a preliminary probe …

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Bessent says US won’t hit China with tariffs over Russian oil unless Europe goes first

15 Sep 2025

By David Lawder MADRID (Reuters) -U.S. Treasury Secretary Scott Bessent said on Monday the Trump administration would not impose additional tariffs on Chinese goods to halt China’s purchases of Russian oil unless European countries hit China and India with steep duties of their own. Bessent told Reuters and Bloomberg in a joint interview that European …

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Exclusive-Sri Lanka eyes 6% growth in 2026, but 2025 outlook dims amid spending delays

15 Sep 2025

By Krishna N. Das and Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka is aiming to boost its economic growth to up to 6% in 2026, partly through record government capital expenditure, though delays in passing the budget could drag on its performance this year, a minister said on Monday. Anil Jayantha Fernando, labour minister and deputy …

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Exclusive-US Democrats press Trump for a trade deal that curbs China’s production

15 Sep 2025

By Lewis Jackson and Amy Lv (Reuters) – U.S. Democrats have asked the Trump administration to press China to curb “structural overproduction”, essentially overhauling Beijing’s economic model, as Treasury Secretary Scott Bessent holds talks with Chinese officials in Spain. Democratic members of a House of Representatives committee on China said any bilateral trade deal should …

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US Treasury Secretary Bessent says framework of deal on TikTok reached

15 Sep 2025

(This story has been corrected to change Scott Bessent’s title to Treasury Secretary, from Trade Secretary, in the headline) MADRID (Reuters) – U.S. Treasury Secretary Scott Bessent said on Monday that a framework for a deal on TikTok had been reached in trade talks with the Chinese in Madrid, that would pave the way for …

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