Reuters Asia Business

ThaiBev posts drop in nine-month earnings amid continued challenges in spirits segment

14 Aug 2025

(Reuters) -Thai Beverage (ThaiBev) posted a 4% drop in its nine-month operating earnings on Thursday, weighed down by continued weakness in its spirits division, along with a dip in its non-alcoholic beverages and food segments. The spirits business’ earnings, which accounted for nearly half of the total during the reporting period, saw a 5.4% drop, …

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India imposes anti-dumping duty on some steel imports from Vietnam

14 Aug 2025

(Reuters) -India, the world’s second-biggest producer of crude steel, has imposed anti-dumping duty on some steel shipments from Vietnam, the Ministry of Commerce and Industry said. This comes a year after the ministry initiated a probe on some steel imports from the Southeast Asian country to analyse threats and consequential injury to India’s steel sector. …

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VinFast founder to inject another $1.5 billion in exchange for R&D assets

14 Aug 2025

(Reuters) -VinFast’s founder Pham Nhat Vuong has agreed to buy the EV maker’s research and development arm for $1.52 billion, his latest cash injection into the loss-making Vietnamese company as it strives to break even by the end of 2026. The deal will involve Novatech Research and Development JSC, a Vietnam-incorporated entity, being carved out …

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Japan’s Minebea Mitsumi raises tender offer price for Shibaura

14 Aug 2025

(Corrects Minebea Mitsumi’s tender offer period date in paragraph 6) TOKYO (Reuters) -Japanese components maker Minebea Mitsumi has decided to raise its tender offer price for thermistor maker Shibaura Electronics to 6,200 yen ($42.31) from 5,500 yen ($37.53), the companies said on Thursday. The new price matches the tender offer price presented by Taiwanese components …

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Factbox-Which countries have blocked WhatsApp?

14 Aug 2025

STOCKHOLM (Reuters) -Russia on Wednesday became the latest country to restrict some WhatsApp calls, accusing the Meta-owned platform of failing to share information in fraud and terrorism cases. Here is a list of nations restricting WhatsApp: FULLY BLOCKED China started blocking WhatsApp in 2017, using its so-called Great Firewall to filter and block traffic with …

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Exclusive-China’s Zhenhua Oil doubles crude offtake from UAE in new deal, sources say

14 Aug 2025

By Chen Aizhu SINGAPORE (Reuters) -China’s Zhenhua Oil is set to double its oil offtake from Abu Dhabi National Oil Co to 200,000 barrels per day after taking on a new role leading development of one of the exporter’s top oilfields, three Chinese industry sources said. In January, the smallest of China’s state oil companies …

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Indian miner IREL seeks Japan, South Korea partnerships for rare earth magnet production

14 Aug 2025

By Neha Arora NEW DELHI (Reuters) -India’s state-owned miner IREL is seeking to collaborate with Japanese and South Korean companies to start commercial production of rare earth magnets, a source familiar with the matter said, as part of efforts to reduce reliance on China. The company is looking at both Japan and South Korea for …

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Chinese hotels turn to hawking food as guests tighten belts

14 Aug 2025

By Claire Fu and Alessandro Diviggiano SINGAPORE/BEIJING (Reuters) -Every evening, staff at Beiyuan Grand Hotel in Beijing set up street stalls selling freshly-cooked gourmet dishes trying to make up for falling revenue indoors as Chinese consumers and firms cut spending on travel, conferences and banquets. “These days, it’s not that people will come just because …

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China’s petrochemical sector set to expand even as losses deepen

14 Aug 2025

By Sam Li and Lewis Jackson NANTONG/BEIJING (Reuters) -A key segment of China’s petrochemical sector is set to expand by almost half between now and 2028 even as growing competition in the broader refining sector slashes profits. Capacity to make ethylene, a key ingredient in plastics, will rise by 40 million metric tons between 2025 …

China’s petrochemical sector set to expand even as losses deepen Read More »

China plans to ask central government-run firms to buy unsold homes, Bloomberg News reports

14 Aug 2025

(Reuters) -China is preparing to mobilise central government-owned companies in Beijing to buy unsold homes from troubled property developers, Bloomberg News reported on Thursday. Regulators are planning to ask major state-owned enterprises and bad debt managers, including China Cinda Asset Management, to help reduce the oversupply of housing, the report said, citing people familiar with …

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