Reuters Asia Business

TOKYO (Reuters) -Japan Post said on Monday it will suspend accepting some postal items to the United States, due to U.S. President Trump’s order to terminate the global “de minimis” exemption, a rule exempting low-value items from customs duties. U.S.-bound individual gifts exceeding $100 and goods for sale will no longer be accepted from Wednesday, …

Japan Post suspends some US-bound mail after US ends duty exemption Read More »

BEIJING (Reuters) -China will tighten its carbon trading market by introducing absolute emissions caps in some industries for the first time starting by 2027, the cabinet said on Monday evening. The caps will be implemented first in industries with relatively stable carbon emissions by 2027, according to a statement by the State Council and Central …

China’s carbon market to introduce absolute emissions caps from 2027 Read More »

(Reuters) -China’s net gold imports via Hong Kong rose 126.81% in July from June, Hong Kong Census and Statistics Department data showed on Tuesday. WHY IT’S IMPORTANT As the world’s leading gold consumer, China’s purchasing activities can significantly influence global gold markets. The Hong Kong data may not provide a complete picture of Chinese purchases, …

China’s net gold imports via Hong Kong more than doubled in July Read More »

By Stefanno Sulaiman and Gibran Naiyyar Peshimam JAKARTA (Reuters) -The United States has agreed in principle to exempt Indonesian exports of cocoa, palm oil and rubber from the 19% tariff imposed by President Donald Trump since August 7, Indonesia’s top trade negotiator said on Tuesday. The exemption will take effect once both sides reach a …

Indonesia says US agrees tariff exemption for its palm oil, cocoa and rubber Read More »

By Stefanno Sulaiman JAKARTA (Reuters) -Indonesian sovereign wealth fund Danantara will invest to develop a nickel processing hub with Chinese battery and material recycler GEM, tapping into $8.3 billion in funds available for investment in 2025, an official said on Tuesday. The project will mark Danantara’s first foray into Indonesia’s crucial nickel sector as the …

Exclusive-Danantara and China’s GEM to develop nickel processing hub in Indonesia Read More »

By Mike Scarcella (Reuters) -Billionaire entrepreneur Elon Musk’s artificial intelligence startup xAI sued Apple and ChatGPT maker OpenAI in U.S. federal court in Texas on Monday, accusing them of illegally conspiring to thwart competition for artificial intelligence. Apple and OpenAI have “locked up markets to maintain their monopolies and prevent innovators like X and xAI …

Elon Musk’s xAI sues Apple and OpenAI over AI competition, App Store rankings Read More »