Reuters Asia Business

Japan cuts growth forecast on US tariffs drag, weaker consumption

7 Aug 2025

By Makiko Yamazaki TOKYO (Reuters) -Japan’s government cut its growth forecast for this fiscal year on Thursday as U.S. tariffs slow capital expenditure and persistent inflation weighs on private consumption, threatening a fragile economic recovery. In revised estimates presented at a meeting of Japan’s top economic council, the government cut its inflation-adjusted gross domestic product …

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China July coal imports fall 23% on ample domestic supply

7 Aug 2025

BEIJING (Reuters) -China’s July coal imports fell 23% from a year earlier to 35.61 million metric tons, General Administration of Customs data showed on Thursday, as ample domestic supply curbed demand. While July’s imports were down from the year-earlier level, they were higher than in June when imports dropped to a more than two-year low …

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Singapore bank DBS shares hit record after earnings beat, dividend raise

7 Aug 2025

By Yantoultra Ngui and Rae Wee SINGAPORE (Reuters) -Singapore’s DBS, Southeast Asia’s biggest bank by assets, on Thursday reaffirmed its full-year outlook after reporting quarterly profit that beat market expectations, sending its share price to a record high. DBS attributed the increase to higher total income, though profitability metrics fell slightly, and raised its dividend …

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Japan’s steel output may sink to lowest since 1968 as US tariff risks loom

7 Aug 2025

By Katya Golubkova and Yuka Obayashi TOKYO (Reuters) -Kobe Steel, Japan’s No. 3 steelmaker, on Thursday reported a 3% fall in quarterly crude steel output due to lower prices and the potential impact of U.S. tariffs on car production, similar to declines at Nippon Steel and JFE Holdings. With the U.S. tariff risk looming, Japan’s …

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Trump wants more American pick-ups in Tokyo and London. That may be a hard sell

7 Aug 2025

By David Dolan, Maki Shiraki and Marie Mannes TOKYO/STOCKHOLM, August 7 (Reuters) -Donald Trump is right that Japan and Europe buy few American-made cars – but it has little to do with trade barriers. From Tokyo to London, many consumers see Detroit’s offerings as simply too big and too gas-guzzling. That view has made Chevrolets …

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Japan’s Topix hits record high on easing US tariff worries, domestic firms’ outlook

7 Aug 2025

By Junko Fujita TOKYO (Reuters) -Japan’s Topix index closed at a record high on Thursday after worries about the impact of U.S. tariffs eased, and increased investor optimism about strong performance of domestic firms. The broader Topix rose 0.72% to 2,987.92. The Nikkei climbed 0.65% to 41,059.15. Both indexes rose for a third consecutive session. …

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Chinese firms sell record amount of currency options in first half of 2025

7 Aug 2025

SHANGHAI (Reuters) -Chinese companies sold a record amount of currency options in the first half of this year as domestic businesses, particularly exporters, bet on a steady yuan and used derivatives to make some extra money. WHY IT’S IMPORTANT The trend is further evidence Chinese exporters are reluctant to convert their foreign exchange receipts back …

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Mining giants squeeze dividends with an eye toward funding growth

7 Aug 2025

By Melanie Burton MELBOURNE (Reuters) -So far this earnings season, large miners are paying out their lowest dividends in years, as mineral prices slip and they need to retain cash for their massive development projects, while trying to keep a lid on costs.  Rio Tinto, Anglo American and Glencore have all reported lower half year …

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