Reuters Asia Business

China’s soymeal glut raises demand doubts ahead of US soybean export season

By Ella Cao and Naveen Thukral BEIJING/SINGAPORE (Reuters) -China’s appetite for soybeans is likely to weaken during the peak U.S. marketing season later this year, as record imports earlier in 2025 and tepid demand from animal feed producers have pushed up soymeal inventories at home, trade sources said. The world’s biggest soybean importer has yet …

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New coal mines fell to 10-year low in 2024, but China pipeline risks oversupply, report says

BEIJING (Reuters) -New coal mining capacity fell to a 10-year low in 2024, but future projects especially in major producer China still risk oversupply, said a new report from U.S. think tank Global Energy Monitor on Tuesday. New mines opened globally in 2024 can dig up about 105 million tons of coal per year, down …

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Indonesia signs contract with Turkey to buy 48 KAAN fighter jets

JAKARTA (Reuters) -Indonesia has signed a contract to buy 48 KAAN fighter jets from Turkey, the Indonesian defence ministry said on Tuesday, sealing the latest purchase by the Southeast Asian nation aimed at modernising its ageing military hardware. In order to strengthen its air force, Jakarta also ordered 42 French Rafale jets worth $8.1 billion …

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Taiwan’s second-quarter economic growth likely rose with tech demand strong: Reuters poll

TAIPEI (Reuters) -Taiwan’s trade-reliant economy likely grew at a quicker pace in the second quarter of 2025 compared with the prior three months, driven by strong tech demand, according to a Reuters poll on Tuesday, though U.S. tariffs continue to cloud the outlook. Taiwan’s gross domestic product is expected to have grown 5.7% year-on-year in …

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Thailand’s foreign visitors down more than 6% y/y so far in 2025

BANGKOK (Reuters) -Thailand’s foreign tourist arrivals from January 1 to July 27 fell 6.18% from the same period a year earlier, the Tourism Ministry said on Tuesday. There were about 18.98 million foreign visitors during the period, it said in a statement. China was the largest source market with 2.64 million visitors. Last month, the …

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Thailand-U.S. trade talks should be concluded before August 1, minister says

BANGKOK (Reuters) -Thailand’s trade talks with the United States are expected to be concluded before August 1, and U.S. tariffs on the country are not expected to be as high as 36%, its finance minister said on Tuesday. The United States was Thailand’s largest export market last year, accounting for 18.3% of total shipments, or …

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Ex-BOJ deputy chief Nakaso sees ‘cracks’ in dollar’s supremacy

By Leika Kihara TOKYO (Reuters) -The dollar will retain its supremacy as a key global currency but “cracks” appearing in its status will prod investors to continue diversifying into other currencies, said former Bank of Japan Deputy Governor Hiroshi Nakaso. On Japan’s monetary policy, Nakaso said the BOJ is likely to resume interest rate hikes …

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Exclusive-Nvidia orders 300,000 H20 chips from TSMC due to robust China demand, sources say

By Liam Mo, Brenda Goh and Karen Freifeld BEIJING/SHANGHAI/NEW YORK (Reuters) -Nvidia placed orders for 300,000 H20 chipsets with contract manufacturer TSMC last week, two sources said, with one of them adding that strong Chinese demand had led the U.S. firm to change its mind about just relying on its existing stockpile. The Trump administration …

Exclusive-Nvidia orders 300,000 H20 chips from TSMC due to robust China demand, sources say Read More »

China’s Changan restructured as independent state-owned automaker, CCTV reports

BEIJING (Reuters) -Changan Automobile has begun operating as an independent automaker controlled by China’s central government, state television CCTV reported on Tuesday. The spin-off from state-owned China South Industries Group Corp was established in Chongqing on Tuesday. With 117 subsidiaries, the restructured new automaker will focus on smart vehicles, robots, flying cars and embodied intelligence, …

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Explainer-What’s at stake for Japan’s fragile bond market this week

By Kevin Buckland TOKYO (Reuters) -Japan’s bond market faces stern tests this week, from domestic political ructions and a possible hawkish shift at the central bank to global risks stemming from the Federal Reserve. Japan’s long-dated government bond (JGB) yields remain near record peaks after the ruling coalition lost its majority in upper house elections. …

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