Reuters Asia Business

Japan alarmed over recent FX moves, its finance minister says

1 Aug 2025

TOKYO (Reuters) -Japan’s Finance Minister Katsunobu Kato said on Friday that its authorities have been alarmed over recent foreign exchange moves, after the yen fell to four-month lows against the dollar. “As we have consistently stated, it’s important for currencies to move in a stable manner reflecting fundamentals. We have been alarmed over foreign exchange …

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Trade deal with U.S. will boost Thailand’s competitiveness, confidence, minister says

1 Aug 2025

BANGKOK (Reuters) -Thailand’s finance minister said on Friday that the 19% tariff rate agreed with the United States will help bolster its competitiveness globally, boost investor confidence and create opportunities for economic growth. The new rate is significantly lower than the 36% level announced in April and better aligned with other countries in the region. …

Trade deal with U.S. will boost Thailand’s competitiveness, confidence, minister says Read More »

South Korea exports rise at fastest in 7 months before higher US tariffs kick in

1 Aug 2025

By Jihoon Lee SEOUL (Reuters) -South Korea’s exports rose for the second straight month in July, beating market expectations on strong chip demand and shipments being moved forward ahead of higher U.S. tariffs, which are expected to weigh in the second half of the year. Exports from Asia’s fourth-largest economy, an early bellwether for global …

South Korea exports rise at fastest in 7 months before higher US tariffs kick in Read More »

First Hong Kong stablecoin licences may be issued early next year, HKMA says

1 Aug 2025

HONG KONG (Reuters) -The first batch of Hong Kong stablecoin issuer licences is expected to be granted early next year, the Hong Kong Monetary Authority (HKMA) told a media briefing on Tuesday. Hong Kong’s stablecoin bill is set to take effect on August 1. The market had earlier expected that the first batch of issuer …

First Hong Kong stablecoin licences may be issued early next year, HKMA says Read More »

South Korea factory activity shrinks for 6th month on tariff concerns, PMI shows

1 Aug 2025

SEOUL (Reuters) -South Korea’s factory activity contracted for the sixth straight month in July, as uncertainty over U.S. tariffs weighed on output and orders, a business survey showed on Friday. The Purchasing Managers Index (PMI) for manufacturers in Asia’s fourth-largest economy, released by S&P Global, fell to 48.0 in July, from 48.7 in June. The …

South Korea factory activity shrinks for 6th month on tariff concerns, PMI shows Read More »

Asia steps up US WTI oil imports as Middle East prices rise, sources say

1 Aug 2025

By Florence Tan, Arathy Somasekhar and Siyi Liu SINGAPORE/HOUSTON (Reuters) -Asia is expected to step up imports of U.S. West Texas Intermediate crude in the fourth quarter after Middle East oil prices strengthened and opened the arbitrage window, trade sources said. Middle East crude benchmarks Dubai and Murban gained this month on the back of …

Asia steps up US WTI oil imports as Middle East prices rise, sources say Read More »

Trump sets 10% to 41% ‘reciprocal’ tariffs on dozens of countries’ exports

1 Aug 2025

WASHINGTON (Reuters) -President Donald Trump signed an executive order on Thursday imposing reciprocal tariffs ranging from 10% to 41% on U.S. imports from dozens of countries and foreign locations. Rates were set at 25% for India’s U.S.-bound exports, 20% for Taiwan’s and 30% for South Africa’s. (Reporting by Jasper Ward and Trevor Hunnicutt; Editing by …

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Japan June jobless rate unchanged at 2.5%

1 Aug 2025

TOKYO (Reuters) -Japan’s jobless rate in June was unchanged from the previous month at 2.5%, government data showed on Friday. Economists’ median forecast was also for 2.5%. The jobs-to-applicants ratio in June fell to 1.22 from 1.24 in May. The median forecast was 1.25. (Reporting by Kentaro Sugiyama; Writing by Satoshi SugiyamaEditing by Chang-Ran Kim)

Oil prices fall as Trump’s Aug 1 trade tariff deadline looms

31 Jul 2025

By Georgina McCartney HOUSTON (Reuters) -Oil prices declined on Thursday as U.S. President Donald Trump’s August 1 tariff deadline loomed over investors, with uncertainty surrounding countries yet to negotiate a trade deal with the U.S. Brent crude futures for September expired on Thursday and settled down 71 cents, or 0.97% to $72.53 a barrel. U.S. …

Oil prices fall as Trump’s Aug 1 trade tariff deadline looms Read More »

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