Reuters Asia Business

South Korea visa waiver to lift travel but not Chinese airline profits

26 Aug 2025

BEIJING (Reuters) -South Korea’s decision to grant visa-free entry to Chinese tour groups will lift China’s weak outbound travel numbers but not enough to boost the bottom lines of struggling Chinese airlines, analysts said. Travel to South Korea, the third most popular outbound destination for Chinese tourists after Japan and Thailand, has been one of …

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China calls on state-owned firms to boost industrial aid to Tibet

26 Aug 2025

(Corrects typographical error in word ‘mountains’ in paragraph 2) BEIJING (Reuters) -Chinese state-owned enterprises should deepen industrial aid to Tibet, including increasing infrastructure investment and development, China’s state assets regulator said in a statement on Tuesday. The commission overseeing state-owned assets emphasised more targeted measures, including developing advantageous industries that suit local conditions in Tibet, …

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Warming seas worsen Japan’s price shock with $120 urchin rice bowls

26 Aug 2025

By Yuka Obayashi and Katya Golubkova RISHIRI, Japan (Reuters) -As Japan faces its hottest summer in history, a sharp decline in the catch of sea urchin in the country’s north has made the spiny delicacy further out of reach for many consumers already strained by high food costs. On Hokkaido’s Rishiri Island, restaurants offer a …

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Japan remains alarmed over forex movement, finance minister says

26 Aug 2025

TOKYO (Reuters) -Japan remains alarmed over foreign exchange movement, Finance Minister Katsunobu Kato said on Tuesday, after the yen strengthened following U.S. President Donald Trump’s announcement of the removal of a Federal Reserve governor. Asked about the removal of Lisa Cook from her position on the Fed’s board of directors, Kato told a press conference …

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In protein-deficient India, McDonald’s, Bollywood and cricket fuel wellness craze

26 Aug 2025

By Dhwani Pandya and Praveen Paramasivam MUMBAI/CHENNAI (Reuters) -At McDonald’s outlets in South India, a 30-cent burger topping has been selling out fast. It’s not extra cheese or a fancy salsa dip, but a vegetarian protein slice developed with Indian government food scientists — the brand’s first such offering globally. McDonald’s has joined India’s biggest …

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China’s Sinochem to sell two bankrupt refineries to local operators, sources say

26 Aug 2025

By Chen Aizhu, Siyi Liu and Trixie Yap SINGAPORE (Reuters) -China’s state-run Sinochem Group will sell another two bankrupt refineries in eastern Shandong province to local refiners for much less than they are valued via auctions that closed on Friday, according to seven trade sources and auction documents. The acquisitions, which come during a consolidation …

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South Korea central bank to hold rates steady on August 28, resume easing in Q4: Reuters poll

26 Aug 2025

By Rahul Trivedi BENGALURU (Reuters) -The Bank of Korea (BOK) will keep its key policy rate steady on Thursday, viewing rising property prices as a more immediate concern than lifting economic growth, according to a Reuters poll of economists who now expect easing to resume next quarter. South Korea’s central bank paused its easing cycle …

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Hyundai Motor Group increases US investment to $26 billion

26 Aug 2025

SEOUL (Reuters) -South Korea’s Hyundai Motor Group said in a statement on Tuesday it is increasing U.S. investment to $26 billion from a previously planned $21 billion.  Hyundai Motor Group added that it will establish a state-of-the-art robotics facility with an annual capacity of 30,000 units in the U.S.  (Reporting by Hyunjoo Jin and Heekyong …

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Data centre operator AirTrunk secures $10.4 billion refinancing for APAC growth

26 Aug 2025

(Reuters) -Australian data centre operator AirTrunk on Tuesday said it secured an A$16 billion ($10.40 billion) sustainability-linked refinancing for its Asia-Pacific operations. This refinancing, including a S$2.25 billion green loan for a data centre in Singapore, makes AirTrunk the largest issuer of sustainable financing in the APAC region, it said in a statement on its …

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South Korea companies to invest $150 billion in US, Yonhap says

26 Aug 2025

SEOUL (Reuters) -South Korean companies will invest around $150 billion in the United States, Yonhap news agency reported on Tuesday, citing Ryu Jin, chairman of the business group Federation of Korean Industries. (Reporting by Joyce Lee; Editing by Leslie Adler)

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