Reuters Asia Business

Taiwan says exclusion from new US curbs on AI tech should ‘give confidence’

15 Jan 2025

TAIPEI (Reuters) – Taiwan’s exclusion from the new U.S. curbs on artificial intelligence (AI) chip and technology exports should “give confidence” about Taipei’s own controls and respect for the law, the island’s government said on Wednesday. The U.S. said on Monday it would further restrict AI exports, as it attempts to keep advanced computing power …

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Japan finance minister flags action against excessive foreign exchange movement

15 Jan 2025

TOKYO (Reuters) -Japan Finance Minister Katsunobu Kato on Wednesday reiterated that the government would take appropriate action against excessive movement on the foreign exchange market, as the yen has seen high volatility ahead of a key monetary policy meeting. “As I have said previously, we have been seeing rather sharp movement,” Kato said at the …

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China’s Country Garden expects 2024 loss to narrow from 2023’s $24 billion

15 Jan 2025

By Clare Jim HONG KONG (Reuters) -Country Garden said it expected to post a narrower annual loss in 2024 as the embattled developer looks to revive its business and stave off a liquidation lawsuit after reporting a record 178.4 billion yuan ($24.33 billion) loss in 2023. The 2023 loss announced in long-overdue accounts late on …

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US importers rush in goods from China as Trump tariff threat looms

15 Jan 2025

By Lisa Baertlein and Ellen Zhang LOS ANGELES/BEIJING (Reuters) – U.S. imports from China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics ahead of President-elect Donald Trump’s plan to impose new tariffs that could revive a trade war between the world’s economic superpowers. Trump, who has threatened to …

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Japan’s Makino Milling requests changes to unsolicited bid from Nidec

15 Jan 2025

TOKYO (Reuters) – Japanese machine tool manufacturer Makino Milling Machine said on Wednesday that it asked Nidec to make changes to an unsolicited takeover bid announced last month. Makino said in a statement it asked Nidec to push back the tender offer launch date to May 9 from April 4, and to revise the minimum …

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Thailand seeks negotiations with China to lift syrup imports ban

15 Jan 2025

By Panarat Thepgumpanat BANGKOK (Reuters) – Chinese authorities have asked Thailand to inspect dozens of factories before opening negotiations to lift a ban imposed last month on sugar syrup and premixed powder exports from the Southeast Asia nation, Thai officials said. Thailand, the world’s second-largest sugar exporter, was China’s main supplier of liquid sugar last …

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Indonesia books $2.2 billion surplus in December as imports jump

15 Jan 2025

JAKARTA (Reuters) – Indonesia reported a $2.24 billion trade surplus in December, below expectation, amid a jump in imports and a smaller-than-expected increase in exports, official data showed on Wednesday. A Reuters poll had expected a surplus of $3.79 billion. November’s surplus was revised down to $4.37 billion. The data comes as Indonesia’s central bank …

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China vows crackdown on illegal handling of data

15 Jan 2025

BEIJING (Reuters) – China’s state planner pledged to crack down on black and grey industries that illegally obtain, sell or provide data, according to regulations published on Wednesday intended to improve data circulation security governance. As part of efforts to prevent data misuse, the authorities urged strengthening data security risk monitoring in key industries and …

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Foreigners sold South Korean equities last month by most since early 2020

15 Jan 2025

SEOUL (Reuters) – South Korea’s capital markets in December experienced the largest foreign outflows since March 2020 as heightened political uncertainty hit investor sentiment, central bank data showed on Wednesday. Foreigners last month extended their South Korean stock market selloff to a fourth straight month by selling a net $2.58 billion. In the bond market, …

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Japan likely to miss primary budget surplus target for FY2025, sources say

15 Jan 2025

By Yoshifumi Takemoto TOKYO (Reuters) – Japan is likely to miss achieving its goal of running a primary budget surplus by the next fiscal year, according to three sources with knowledge of fresh fiscal estimates, as the minority government faces increasing pressure for more spending. The new estimate, to be released this week, knocks the …

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