Reuters Asia Business

Sanofi stops supply of high cholesterol drug to China due to limited availability

12 Aug 2025

SHANGHAI (Reuters) -Sanofi said on Tuesday it had stopped supplying Praluent, a popular cholesterol drug jointly developed by the French pharmaceuticals firm and its partner Regeneron Pharmaceuticals, in China due to limited availability. “The surge in demand has led to limited availability in China, and some other countries,” Sanofi said in a statement sent to …

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China offers interest subsidies for loans to boost consumption

12 Aug 2025

BEIJING (Reuters) -China will offer interest subsidies for businesses in eight consumer service sectors including catering and tourism, in a bid to support services consumption amid a slowing economy. Eligible businesses can receive an interest subsidy of one percentage point on loans from 21 national banks, nine government departments, including the Ministry of Finance, said …

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Sinochem delivers first Middle East oil cargo on Platts window, sources say

12 Aug 2025

By Siyi Liu and Florence Tan SINGAPORE (Reuters) -Sinochem has delivered its first Middle East crude cargo during the Platts Dubai Market on Close process, trade sources said on Tuesday, part of an effort by the Chinese firm to step up oil trading in Asia. The company delivered an Oman crude cargo for October loading …

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Taiwan’s Compal Electronics boosts US operations with $300 million investment

12 Aug 2025

TAIPEI (Reuters) -Taiwan’s Compal Electronics said on Tuesday its board has approved a $300 million investment plan in the United States to strengthen its operations and competitiveness in North America, with a focus on expanding its server business. The plan includes a $225 million cash injection into its wholly owned U.S. unit, Compal Americas and …

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Leaders of South Korea, Vietnam to meet next week amid trade woes, sources say

12 Aug 2025

(Changes format of Lee Jae Myung in paragraph 1) By Francesco Guarascio and Phuong Nguyen HANOI (Reuters) -New South Korean President Lee Jae Myung will host Vietnam’s top leader To Lam on a visit next week, two people familiar with the plan said, as they aim to boost cooperation on technology at a time of …

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Analysts react to Japan’s Nikkei scaling record high

12 Aug 2025

TOKYO (Reuters) -Japan’s Nikkei gauge of blue-chip stocks powered to a record high on Tuesday, taking its cue from all-time peaks scaled by many global markets this year.  Here are analysts’ comments about the rally in Japanese stocks: SHOICHI ARISAWA, GENERAL MANAGER OF THE INVESTMENT RESEARCH DEPARTMENT AT IWAICOSMO SECURITIES, TOKYO “The speed of the …

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Zero Two joins Warburg Pincus as co-owner of Southeast Asia’s Evolution Data Centres

12 Aug 2025

SINGAPORE (Reuters) -Abu Dhabi-based digital infrastructure firm Zero Two has invested in Evolution Data Centres to join private equity firm Warburg Pincus as co-owner of the Southeast Asia-focused data centre platform, the companies said on Tuesday. Details of the transaction were not disclosed in the statement issued by the companies. Zero Two is part of …

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Singapore upgrades 2025 GDP growth forecast after Q2 tops initial estimates

12 Aug 2025

By Jun Yuan Yong SINGAPORE (Reuters) -Singapore’s economy grew slightly faster than initially estimated, prompting the government to upgrade the city state’s growth forecast for this year even as it warned of downside risks. Gross domestic product rose by 4.4% year-on-year in the April-June quarter, government data showed on Tuesday, just ahead of an advance …

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Trump opens door to sales of version of Nvidia’s next-gen AI chips in China

12 Aug 2025

By Karen Freifeld, Arsheeya Bajwa, Trevor Hunnicutt and Alexandra Alper (Reuters) -U.S. President Donald Trump on Monday suggested he might allow Nvidia to sell a scaled-down version of its next-generation advanced GPU chip in China, despite deep-seated fears in Washington that China could harness U.S. artificial intelligence capabilities to supercharge its military.  The move could …

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