Reuters Asia Business

Gazprom delivers first post-sanctions LNG cargo from Portovaya to China, data shows

8 Dec 2025

MOSCOW, Dec 8 (Reuters) – Russian energy giant Gazprom has delivered a liquefied natural gas cargo from Portovaya LNG plant to China, in the first such shipment since the United States introduced sanctions against the project in January, LSEG data showed on Monday. Gas carrier Valera, formerly known as Velikiy Novgorod, brought the cargo from …

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China’s yuan climbs on better export data; eyes on key meetings

8 Dec 2025

(This story has been republished to remove an incorrect image, with no changes to text.) SHANGHAI, Dec 8 (Reuters) – China’s yuan firmed on Monday, supported by stronger-than-expected exports and signs of easing trade tensions, as investors awaited policy signals from key year-end meetings. Outbound shipments from the world’s second-biggest economy grew 5.9% year-on-year, customs …

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Indonesia to impose coal export tax of up to 5% next year, Finance Minister says

8 Dec 2025

JAKARTA, Dec 8 (Reuters) – Indonesia plans to impose a tax on coal exports of between 1% and 5% next year, Finance Minister Purbaya Yudhi Sadewa said on Monday, amid a push to increase state revenues. Indonesia is a major exporter of thermal coal, with shipments reaching 555 million metric tons last year, two thirds …

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Philippines bans pork imports from Spain, Taiwan over swine fever outbreaks

8 Dec 2025

MANILA, Dec 8 (Reuters) – The Philippines has temporarily banned imports of pigs and pork products from Spain and Taiwan following outbreaks of African swine fever in both locations, Manila’s agriculture ministry has announced.  The import freeze, announced separately on Sunday for Spain and Monday for Taiwan, covers live pigs and pork-derived products, including semen …

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Indonesia to make exporters deposit earnings in state banks, finance ministry says

8 Dec 2025

JAKARTA, Dec 8 (Reuters) – Indonesia plans from January 1 to require natural resource exporters to retain all foreign currency earnings in state-owned banks for at least a year, and limit their use, finance ministry officials said on Monday. Indonesia has for years been trying to make exporters keep their earnings in the domestic banking …

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China’s car sales extend decline in November in biggest drop in 10 months

8 Dec 2025

BEIJING, Dec 8 (Reuters) – China’s annual car sales dropped 8.5% in November in a second straight monthly decline, for their biggest fall in 10 months, data showed on Monday, amid a waning scramble to buy vehicles before government subsidies dwindle at year-end. Car sales in the world’s biggest auto market stood at 2.24 million …

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Only a few automakers to keep up AI push, Gartner says

8 Dec 2025

BERLIN, Dec 8 (Reuters) – Only a handful of automotive companies are likely to sustain ambitious artificial intelligence investment in the coming years, a study released on Monday showed, raising doubts over whether current industry “euphoria” will deliver lasting benefits. By 2029, just 5% of automakers will maintain strong AI investment growth, down from over …

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Japan’s JERA signs first long-term LNG export deal with India’s Torrent Power

8 Dec 2025

NEW DELHI, Dec 8 (Reuters) – Japan’s top power generator JERA has signed its first long-term liquefied natural gas export deal with India’s Torrent Power to deliver 4 LNG cargoes annually for 10 years from 2027, the Japanese company said on Monday. Torrent Power will use the LNG, to be supplied on a delivered basis, …

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China refiner moves forward with expansion despite sanctions, sources say

8 Dec 2025

By Chen Aizhu SINGAPORE, Dec 8 (Reuters) – A Chinese refinery operator whose main business was disrupted when it was sanctioned by Washington in May for buying Iranian oil is pressing ahead with a $3.6 billion petrochemicals expansion project, two people familiar with the plan said. The construction taking place at the Xinhai Chemical site …

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