Reuters Asia Business

By Alex Lawler and Olesya Astakhova LONDON/MOSCOW (Reuters) -Eight OPEC+ members will consider further raising oil production at a meeting on Sunday, two sources familiar with the discussions said, as the group seeks to regain market share. OPEC+ has reversed its strategy of output cuts from April and has already raised quotas by about 2.5 …

Exclusive-OPEC+ to consider further oil output hike on Sunday, sources say Read More »

By Karen Freifeld and Wen-Yee Lee (Reuters) -Washington has revoked TSMC’s fast-track status for U.S. chip manufacturing equipment exports to its main plant in China – a move that comes days after revocations of the same privilege for South Korean chipmakers. Keen for China not to benefit too much from advanced American technology, U.S. President …

TSMC, like South Korean rivals, has US fast-track export status for China revoked Read More »

By David Lawder and Andrea Shalal WASHINGTON (Reuters) -U.S. President Donald Trump is set to imminently ask the conservative-majority Supreme Court to validate his broad emergency tariffs after two setbacks at lower courts, but will face tough legal questions as his administration presses ahead with backup plans. Legal and trade experts said that the Supreme …

Trump to ask Supreme Court to save tariffs but faces tough legal questions Read More »

By Daniel Leussink, Mariko Katsumura and Satoshi Sugiyama TOKYO (Reuters) -Takeshi Niinami, one of Japan’s best-known business leaders who is the subject of a police investigation into his purchases of supplements, said on Wednesday that he believed that the products were legal. He resigned this week from his roles as CEO and chairman at drinks …

Suntory’s former CEO says he believes he purchased legal supplements Read More »

By Makiko Yamazaki TOKYO (Reuters) -Japan’s budget requests for the next fiscal year set a record for the third consecutive year, the finance ministry said on Wednesday, amid growing market concern that political wrangling within the ruling party may hurt the country’s fiscal health. The combined 122.45 trillion yen ($831.13 billion) budget requests from government …

Japan’s budget demands hit record $831 billion as political uncertainty increases Read More »

SINGAPORE (Reuters) -Singapore police have ordered Meta to implement anti-scam measures against advertisements, accounts, profiles and business pages impersonating key government office holders on its social media network Facebook to combat scams, a government minister said. The company could be fined up to S$1 million ($775,698) if it fails to comply as part of the …

Singapore orders Meta to implement anti-scam measures or face possible fine Read More »