Reuters Asia Business

By David Lawder STOCKHOLM (Reuters) -U.S. Treasury Secretary Scott Bessent on Tuesday said he warned Chinese officials that continued purchases of sanctioned Russian oil would lead to big tariffs due to legislation in Congress, but was told that Beijing would protect its energy sovereignty. Wrapping up two days of U.S.-China trade talks in Stockholm, Bessent …

Bessent warns China on Russian oil purchases that could bring 100% tariffs Read More »

By Andrea Shalal (Reuters) -The International Monetary Fund on Tuesday raised its global growth forecasts for 2025 and 2026 slightly, citing stronger-than-expected purchases ahead of an August 1 jump in U.S. tariffs and a drop in the effective U.S. tariff rate to 17.3% from 24.4%. It warned, however, that the global economy faced major risks …

IMF nudges up 2025 growth forecast but says tariff risks still dog outlook Read More »

By Michael Erman and Mariam Sunny (Reuters) -Merck said on Tuesday it was extending its pause on Gardasil shipments to China until at least the end of 2025 due to persistent weakness in demand for the blockbuster human papillomavirus vaccine, sending its shares down as much as 8%. The drugmaker, which reported lower second-quarter results, …

Merck extends pause on China Gardasil shipments to year end, shares slip Read More »

By Rodrigo Campos NEW YORK (Reuters) -The International Monetary Fund raised its outlook for economic growth across emerging market and developing economies this year to 4.1% from 3.7%, driven by frontloading and a more upbeat view on China.   In an update published on Tuesday to its flagship World Economic Outlook report, the IMF also nudged …

IMF lifts 2025 GDP emerging economies’ outlook on improved China view Read More »

SHANGHAI (Reuters) -China’s artificial intelligence companies have announced two new industry alliances, aiming to develop a domestic ecosystem to reduce dependence on foreign tech as they seek to cope with U.S. export restrictions on advanced Nvidia chipsets. The announcements were timed to coincide with the three-day World Artificial Intelligence Conference in Shanghai ending on Monday. …

Chinese AI firms form alliances to build domestic ecosystem amid US curbs Read More »