Reuters Asia Business

US trade team will meet Chinese officials in two or three months, Bessent says

12 Aug 2025

WASHINGTON (Reuters) -U.S. trade officials will meet again with their Chinese counterparts within the next two or three months to discuss the future of the economic relationship between the two countries, Treasury Secretary Scott Bessent said on Tuesday. The comments come a day after the trading partners extended a tariff truce for another 90 days, …

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Shopee, ‘Free Fire’ game demand help Sea beat revenue estimates

12 Aug 2025

(Reuters) -Sea Ltd topped market estimates for quarterly revenue on Tuesday, powered by strong demand in its Shopee e-commerce business and its gaming division, sending the company’s U.S.-listed shares nearly 19% higher in early trading. Shopee, a popular e-commerce platform in Southeast Asia and Taiwan, is seeing strong consumer demand, thanks to the company’s efforts …

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Singapore’s CapitaLand to invest $2.2 billion in Mumbai, Pune commercial real estate

12 Aug 2025

(Reuters) -Singapore’s CapitaLand Investment signed an agreement with the state government of Maharashtra, India to invest 192 billion rupees ($2.19 billion) by 2030 to drive its growth in Mumbai and Pune, the real estate asset manager said on Tuesday. The planned investments is part of its broader growth strategy for India, where it aims to …

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TSMC to phase out 6-inch wafer production over two years

12 Aug 2025

By Wen-Yee Lee TAIPEI (Reuters) -Taiwan Semiconductor Manufacturing Co. (TSMC) will phase out its 6-inch wafer manufacturing business over the next two years and continue consolidating its 8-inch wafer production capacity to improve efficiency, the company said on Tuesday. The decision, which TSMC told Reuters in a statement was made after a thorough evaluation, was …

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Analysis-China factories cut shifts and workers’ pay as US tariffs bite

12 Aug 2025

By David Kirton GUANGZHOU, China (Reuters) -Mike Chai aims to cut wage costs at his kitchen cabinet factory by about 30% to remain competitive against other Chinese firms, which have stopped selling to the U.S. due to steep tariffs and are now coming after his long-time customers in Australia. Chai had already halved his workforce …

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Tencent Music beats second-quarterly estimates as content expansion boosts demand

12 Aug 2025

By Kritika Lamba (Reuters) -Tencent Music Entertainment beat estimates for second-quarter revenue on Tuesday as an expanded content library drove higher user engagement and robust subscriber growth in its online music services. The Chinese streaming company’s U.S.-listed shares rose 6.6% before the bell. Tencent Music has significantly increased its investments to broaden its content portfolio …

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Malaysia’s Petronas to boost international upstream portfolio to 60% over next decade 

12 Aug 2025

(Corrects headline, first and second paragraphs in story published August 11 to add the word “upstream” to clarify that this is Petronas’ upstream portfolio not total business portfolio) KUALA LUMPUR (Reuters) -Malaysia’s state energy firm Petronas plans to raise the share of its international upstream portfolio to 60% over the next decade, it said on …

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Singapore’s Wilmar International first-half profit misses estimates

12 Aug 2025

(Reuters) -Singaporean food conglomerate Wilmar International missed expectations for first-half core net profit on Tuesday, hurt by weakness in its feed and industrial products segment.The company faced challenging global operating conditions and expects uncertainty around refining margins in its tropical oil business to persist, it said. The tropical oils business is part of the feed …

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Comex aluminium premiums beyond August dip on US tariff rollback bets

12 Aug 2025

By Pratima Desai LONDON (Reuters) -Prices of aluminium premium contracts on Comex exchange beyond August have fallen due to some speculation that tariffs on U.S. imports of the metal could be halved or that top supplier Canada could get an exemption. Taxes on aluminium are part of a broader U.S. effort to revive domestic smelting …

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