Reuters Asia Business

BEIJING/SEOUL (Reuters) -China’s two largest airlines narrowed their first-half losses but remained firmly in the red as a capacity surplus kept fares low, earnings reports released on Thursday showed, underscoring the fragility of the sector’s post-pandemic recovery. Flagship carrier Air China reported a net loss of 1.8 billion yuan ($252 million) for the six months …

China’s major airlines stay in red in first half on oversupply, low fares Read More »

BEIJING/SHANGHAI (Reuters) -CITIC Securities Co Ltd, China’s biggest brokerage, reported a 29.8% rise in first-half profit on Thursday, driven by robust growth in brokerage and investment banking businesses amid stronger capital market performance. Net profit for the six months to June 30 hit 13.719 billion yuan ($1.92 billion), up from 10.570 billion yuan in the …

China’s CITIC Securities posts 29.8% rise in first-half profit Read More »

By Gleb Bryanski, Darya Korsunskaya, Elena Fabrichnaya and Gleb Stolyarov MOSCOW (Reuters) -Russia-China trade, which soared to record levels as the war in Ukraine left Moscow isolated, is now falling, a trend President Vladimir Putin is seeking to reverse as he prepares for a summit with President Xi Jinping, three Russian sources said. When Western …

Russia eyes China trade revival as Putin prepares for Xi summit, sources say Read More »

By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s state-owned investor Temasek unveiled its biggest overhaul plan in more than a decade on Thursday by creating three new entities to better manage its global investments amid growing geopolitical and market uncertainties. The 51-year-old firm, which managed a record S$434 billion ($338.35 billion) portfolio as of March 2025, will …

Singapore’s Temasek to revamp structure to sharpen investment focus, CEO says Read More »

BEIJING (Reuters) -China has extended anti-dumping duties on phenol imported from the United States, the European Union, South Korea, Japan, and Thailand for five years, effective August 29, China’s commerce ministry said in a statement on Thursday. (Reporting by Beijing Newsroom; Editing by Toby Chopra)

By Jeslyn Lerh, Chen Aizhu and Siyi Liu SINGAPORE (Reuters) -Volatility increased in Chinese crude and fuel oil futures markets this week on concerns U.S. sanctions on an oil storage terminal in east China would prevent physical deliveries for the contracts. The State Department on August 21 imposed sanctions on Yangshan Shengang International Petroleum Storage …

Volatility surges on China oil futures after US sanctions Yangshan port Read More »