Reuters Asia Business

BEIJING (Reuters) -China’s trade representative Li Chenggang is in Washington this week for discussions with U.S. officials, according to the Chinese commerce ministry on Thursday. Li will meet with officials in Washington after leading a delegation to Canada from August 24 to 27, ministry spokesperson He Yongqian said during a regular news conference. Li is …

Chinese commerce ministry confirms Washington visit by trade envoy Read More »

By Yuka Obayashi TOKYO (Reuters) -Japan’s government wants to re-auction three offshore wind sites abandoned by Mitsubishi-led groups as soon as possible, pending consent from local communities, a senior industry ministry official told Reuters. Trading house Mitsubishi Corp said on Wednesday it will drop plans to build the wind farms in Chiba and Akita prefectures …

Japan to re-auction offshore wind sites dropped by Mitsubishi Read More »

KUALA LUMPUR (Reuters) -Malaysia’s parliament on Thursday passed a law to better regulate government procurement processes, as rights groups and some opposition lawmakers raised concerns over potential loopholes and a lack of independent oversight. The Southeast Asian country has been seeking to strengthen fiscal management and avoid the massive financial losses linked to corruption cases …

Malaysia’s parliament approves law to regulate government procurement Read More »

By Colleen Howe BEIJING (Reuters) -China has placed curbs on coal production following an unexpected supply increase in the first half of the year that weighed on prices, according to an official of a major mining firm and analysts. China’s output in July dipped to the lowest level in over a year. It had risen …

China is capping coal production to support prices, top miner and analysts say Read More »

KUALA LUMPUR (Reuters) -China was prepared to provide Malaysia technical and technological assistance in rare earths processing, though it has asked for any cooperation to involve only state-linked companies, the Southeast Asian country said on Wednesday.    Malaysia has been seeking to develop its capabilities in rare earths mining and processing, as it looks to …

Malaysia says China is ready to provide assistance in rare earths processing Read More »

KUALA LUMPUR (Reuters) -Malaysia Prime Minister Anwar Ibrahim said he intends to convene a summit of the Regional Comprehensive Economic Partnership in October, local media reported on Wednesday. The RCEP, the world’s largest trade bloc, is backed by China and counts 15 Asia-Pacific economies as members, including Australia, Japan, South Korea, New Zealand and the …

Malaysia plans to convene RCEP summit in October, report says Read More »

TOKYO (Reuters) -Toyota Motor’s global sales rose in July for a seventh consecutive month, anchored by robust demand in North America and strong performance of hybrid and new electric models in China, the Japanese automaker said on Thursday. The company’s worldwide sales rose 4.8% year-on-year to 899,449 vehicles in July, a record for that month.  …

Toyota’s July sales rise for seventh month on strong N.America, China EV demand Read More »