Reuters Asia Business

Importers struggle to resell Canadian canola meal caught in China tariff crossfire

14 Aug 2025

By Naveen Thukral SINGAPORE (Reuters) -Importers are struggling to resell several cargoes of Canadian canola meal that arrived in China after Beijing imposed hefty import tariffs on the protein-rich ingredient, three trade sources said. Up to 400,000 metric tons of canola meal, used mainly in animal feed, is sitting in secure warehouses near Chinese ports, …

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South Korea to expand securities settlement hours for global investors

14 Aug 2025

SEOUL (Reuters) -South Korea will extend operating hours for transaction settlement systems at the central bank and the securities depository starting April 2026, aiming to ease access for foreign investors across different time zones, the finance ministry said on Thursday. The Bank of Korea’s operating hours will expand to 9 a.m. and 8 p.m. local …

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South Korea financial watchdog chief vows fair market, shareholder representation

14 Aug 2025

SEOUL (Reuters) -South Korea’s financial watchdog chief vowed to root out unfair practices and establish a market order in which the rights of minor shareholders are respected, as he took office on Thursday, amid investor hopes of market reforms. The appointment of a new watchdog chief comes as the government has pledged a series of …

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Vietnam makes first US oil purchase in 2025, sources say

14 Aug 2025

SINGAPORE (Reuters) -Vietnam’s Binh Son Refining and Petrochemical (BSR) has bought one million barrels of U.S. West Texas Intermediate crude for November delivery, the country’s first U.S. oil purchase in 2025, sources said on Thursday. BSR bought the light-sweet crude from Mercuria, the sources said. It typically processes domestic crude. A board member of BSR …

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Road King to suspend all offshore debt payments, explore restructuring

14 Aug 2025

(Reuters) -Road King Infrastructure said on Thursday it has decided to suspend payment of all of its offshore debt obligations and it would explore a restructuring for its offshore debt. Road King, a small developer that earns the majority of its revenue from mainland China, did not pay the $11.3 million dollar coupons for its …

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Chinese PC maker Lenovo says US-China tariff pause a positive sign

14 Aug 2025

By Che Pan and Brenda Goh BEIJING (Reuters) -China’s Lenovo said on Thursday the tariff pause between Washington and Beijing was positive and growth in China’s AI infrastructure remained strong despite U.S.-China tech tensions. “The truce is a positive situation,” said Lenovo’s CEO Yang Yuanqing in an interview with Reuters after the world’s largest maker …

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US to explore cooperation with Pakistan on critical minerals, hydrocarbons

14 Aug 2025

By Kanishka Singh WASHINGTON (Reuters) -Secretary of State Marco Rubio said Washington looked forward to exploring cooperation with Pakistan on critical minerals and hydrocarbons, with his comments coming in a statement issued by the State Department on Pakistan’s Independence Day. WHY IT’S IMPORTANT Washington and Islamabad hailed a trade deal last month, which Pakistan said …

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Analysis-Lithium rally promises breather for struggling Australian miners

14 Aug 2025

By Melanie Burton MELBOURNE (Reuters) -A recent rally in lithium prices could ease pressure on some beleaguered producers in Australia who have been trying to shrink exposure to the battery material, prompting them to drop plans to sell some projects, sources and analysts said. Shares in Australia’s lithium miners have jumped by as much as …

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Bessent says BOJ is ‘behind the curve’ on inflation, likely to hike rates, in Bloomberg interview

14 Aug 2025

By Mariko Katsumura and Leika Kihara TOKYO (Reuters) -The Bank of Japan will likely be raising interest rates as it is behind the curve in dealing with the risk of inflation, U.S. Treasury Secretary Scott Bessent told Bloomberg Television, in his most explicit comment on Japan’s monetary policy. The remarks contrast with those of BOJ …

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US losing out on China soybean sales as Brazil fills key supply period

14 Aug 2025

By Naveen Thukral and Ella Cao SINGAPORE/BEIJING (Reuters) -U.S. soybean exporters risk missing out on billions of dollars worth of sales to China this year as trade talks drag on and buyers in the top oilseed importer lock in cargoes from Brazil for shipment during the key U.S. marketing season, according to traders. Chinese importers …

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