Reuters Asia Business

South Korea industry minister still concerned about US tariff impact on exporters

4 Aug 2025

SEOUL (Reuters) -South Korea’s industry minister said on Monday that the country managed to avoid the worst-case scenario by clinching a U.S. tariff deal, but concerns remained over how the profitability of exporters would be affected by a 15% tariff rate. “There are concerns that the unprecedented 15% tariff will have a significant impact on …

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India’s JSW Steel, Japan’s JFE to invest $669 million to boost electrical steel output

4 Aug 2025

(Reuters) -A joint venture between India’s JSW Steel and Japan’s JFE Steel will invest 58.45 billion rupees ($669 million) to expand production capacity of cold rolled grain-oriented electrical steel across two Indian plants to meet growing domestic demand, JSW Steel said on Monday. JSW and JFE will equally fund a combined 19.66 billion rupees for …

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Japan’s Ishiba signals talks with Trump for early cut to US auto tariff

4 Aug 2025

TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba said on Monday he will not hesitate to hold talks with President Donald Trump to ensure an agreed cut to U.S. automobile tariffs is implemented soon. In a parliament session on Monday, Ishiba drew criticism from some opposition lawmakers for not having signed an official document with the …

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Japan’s Mitsubishi to boost stake in canned tuna producer Thai Union Group

4 Aug 2025

TOKYO (Reuters) -Mitsubishi has made an offer to increase its stake in Thai Union Group Public Company Limited, a major canned tuna producer, to 20% from 6.19%, both companies said on Monday, as the Japanese trading house expands further into the food business. Mitsubishi was seeking to buy 532,273,639 shares in the company, or 13.81%, …

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China Mobile buys over 14% stake in HKBN for $138 million

4 Aug 2025

(Reuters) -China Mobile, the world’s biggest wireless carrier by users, said on Monday it had bought a 14.4% stake in Hong Kong-based broadband service provider HKBN for HK$1.08 billion ($137.58 million). The deal gives China Mobile a nearly 30% stake in one of the largest telecommunication operators in Hong Kong that it first expressed interest …

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Inpex awards some contracts in engineering design for Indonesian LNG project

4 Aug 2025

TOKYO (Reuters) -Japanese oil and gas explorer Inpex Corp said on Monday it has awarded a few contracts for early-stage design work for its $20 billion Abadi liquefied natural gas project in the Masela block in Indonesia. The move shows that the early design process is making progress toward the final investment decision for the …

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Key Asian fuel exporters boost jet fuel sales to Europe in July, sources say

4 Aug 2025

(Corrects percentage in July 2025 flight numbers compared with 2019 in paragraph 9) By Trixie Yap SINGAPORE (Reuters) -Jet fuel exports from South Korea, China and Southeast Asia to Europe likely hit a multi-year high in July as traders shipped out excess regional supply to cash in on higher European prices, according to shiptracking data …

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Factbox-Chinese independent oil companies in Iraq

4 Aug 2025

(Reuters) -A handful of independent Chinese oil companies are piling into Iraq, planning multi-billion-dollar projects to develop its vast reserves in a challenge to global and Beijing-backed state majors that dominate output in OPEC’s number two producer. Here are details of some of the independent firms’ activities in Iraq. UNITED ENERGY GROUP The small Hong …

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