Reuters Asia Business Archives - Page 328 of 2133

Malaysian pharmaceuticals, semiconductors exempt from US tariffs, minister says

5 Aug 2025 5 Aug 2025

(Corrects to show that Malaysia’s pharmaceutical products and semiconductors were already exempt from U.S. tariffs and remained so after new tariff rate announced, not that it secured new exemptions, in paragraph 1) By Danial Azhar and Ashley Tang KUALA LUMPUR (Reuters) -The U.S. imposed a 19% tariff on imports from Malaysia, though Kuala Lumpur said …

Malaysian pharmaceuticals, semiconductors exempt from US tariffs, minister says Read More »

Toyota, Honda brace for profit falls as US tariffs, strong yen weigh

5 Aug 2025 5 Aug 2025

By Daniel Leussink TOKYO (Reuters) -Toyota Motor and Honda Motor are expected to report weaker first-quarter earnings this week, as U.S. import tariffs and a stronger yen weigh on profits despite solid demand for hybrids in their biggest overseas markets. Japanese automakers face growing uncertainty in the U.S., where tariffs on imports are pushing up …

Toyota, Honda brace for profit falls as US tariffs, strong yen weigh Read More »

Indonesian police detain ex-eFishery CEO in embezzlement case

5 Aug 2025 5 Aug 2025

JAKARTA (Reuters) -Indonesian police have detained the co-founder and former chief executive of agritech company eFishery, Gibran Huzaifah, in connection with a case involving the embezzlement of funds, the police-run website Tribratanews reported late on Monday. Gibran has been named a suspect and has been in detention since July 31, the report cited Helfi Assegaf, …

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Philippine inflation at near 6-year low, paves way for rate cuts

5 Aug 2025 5 Aug 2025

By Mikhail Flores and Karen Lema MANILA (Reuters) -Philippine consumer prices rose at their slowest pace in nearly six years in July as utility costs moderated and food prices declined, the statistics agency said on Tuesday, potentially allowing the central bank to cut interest rates later this year. The consumer price index rose 0.9% year …

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Singapore’s CapitaLand Integrated to acquire remaining stake in CapitaSpring

5 Aug 2025 5 Aug 2025

(Reuters) -Singapore’s CapitaLand Integrated Commercial Trust said on Tuesday that it would buy the remaining 55% stake in CapitaSpring from CapitaLand Development and Mitsubishi Estate on an agreed property value of S$1.05 billion ($816.55 million). CapitaLand Integrated estimates the total acquisition outlay for the office and retail components of the 51-storey integrated development in Singapore’s …

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Japan’s service growth picks up in July on upbeat demand, PMI shows

5 Aug 2025 5 Aug 2025

TOKYO (Reuters) -Japan’s service sector activity rose at the fastest pace in five months in July, thanks to brisk domestic demand that offset a sharp drop in export orders and weaker tourist numbers, a private sector survey reported on Tuesday. The S&P Global final Japan Services purchasing managers’ index (PMI) climbed to 53.6 in July …

Japan’s service growth picks up in July on upbeat demand, PMI shows Read More »

Bain-owned Japanese plane cabin supplier Jamco targets premium seats, acquisitions

5 Aug 2025 5 Aug 2025

By Lisa Barrington SEOUL (Reuters) -Japanese aircraft interiors manufacturer Jamco Corporation is seeking to cash in on a global shortage of new plane seats by reentering the business class seat market under its new owner, Bain Capital, company executives said. Jamco, which the U.S. private equity firm bought for $700 million this year, also plans …

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South Korea July consumer inflation +2.1% y/y, as expected

5 Aug 2025 5 Aug 2025

SEOUL (Reuters) -South Korea’s consumer prices rose 2.1% in July from a year earlier, slightly slower than the rise of 2.2% in June, government data showed on Tuesday. On a monthly basis, the consumer price index rose 0.2%, the fastest in four months, after no change in the previous month. The numbers were roughly in …

South Korea July consumer inflation +2.1% y/y, as expected Read More »

Trading Day: Stocks bounce back, bonds more cautious

4 Aug 2025 4 Aug 2025

By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Investors shrugged off last week’s worries over the U.S. economy to drive a powerful, tech-led rebound across global stocks on Monday, although U.S. Treasuries prices held onto Friday’s gains, suggesting a fair degree of …

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Italian regulator hits Shein with 1 million euro greenwashing fine

4 Aug 2025 4 Aug 2025

By Alvise Armellini ROME (Reuters) -Italy’s competition authority (AGCM) imposed a 1 million euro ($1.16 million) fine on China-founded online fast fashion retailer Shein on Monday for misleading customers about the environmental impact of its products. It is Shein’s second financial sanction by a European competition authority in little more than a month, after France …

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Reuters Asia Business﻿﻿

Reuters Asia Business