Reuters Asia Business Archives - Page 35 of 2133

China is issuing streamlined licenses for rare earth exports, state media says

4 Dec 2025 4 Dec 2025

BEIJING, Dec 4 (Reuters) – China said on Thursday it is issuing streamlined rare earth export licenses – a key promised outcome after a meeting between U.S. President Donald Trump and his counterpart Xi Jinping that eased trade tensions between the two superpowers. Beijing added several rare earth elements and magnets to its export control …

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Exclusive-China state-owned banks soak up dollars to slow yuan gains, sources say

4 Dec 2025 4 Dec 2025

Dec 4 (Reuters) – China’s major state-owned banks bought dollars in the onshore spot market this week and held on to them in an unusually strong effort to rein in yuan strength, according to people with knowledge of the matter. The dollar buying came as the yuan leapt to a 14-month high on Wednesday and …

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Rio Tinto actively working with China’s Chinalco on shareholding constraints

4 Dec 2025 4 Dec 2025

LONDON, Dec 4 (Reuters) – Rio Tinto CEO Simon Trott said on Thursday the miner is actively working with its main shareholder, Aluminium Corporation of China Limited (Chinalco), to resolve governance constraints that restrict the company’s ability to conduct share buybacks. “In terms of the Chinalco shareholding, we’re actively working with Chinalco on solutions to …

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ADB, World Bank launch Pacific islands projects under new cofinancing model

4 Dec 2025 4 Dec 2025

MANILA, Dec 4 (Reuters) – The Asian Development Bank and the World Bank on Thursday launched two Pacific islands projects under a first-of-its-kind cofinancing model that aims to streamline processes and speed up delivery. The Full Mutual Reliance Framework, approved earlier this year, allows one institution to act as lead lender, cutting duplication and freeing …

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Motor racing-Toyota to become title sponsor of Haas F1 team

4 Dec 2025 4 Dec 2025

ABU DHABI, Dec 4 (Reuters) – Toyota Gazoo Racing, the Japanese car maker’s motorsport division, will become title sponsor of the Haas Formula One team next season in a deal that strengthens an existing technical partnership. The U.S.-owned team, who use Ferrari engines and also have close ties with Maranello, said they would be rebranded …

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Analysis-Steering away from the Bentley: Chinese super-rich in Singapore turn to low-key luxury

4 Dec 2025 4 Dec 2025

By Xinghui Kok and Claire Fu SINGAPORE, Dec 4 (Reuters) – Faced with growing scrutiny by authorities at home and in Singapore, mainland Chinese living in the city-state are being more discreet about their wealth, in a shift that is hitting sales of luxury goods from Bentleys to private jets. Singapore, where some 75% of …

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Thai consumer confidence hits 6-month high in November, survey shows

4 Dec 2025 4 Dec 2025

BANGKOK, Dec 4 (Reuters) – Thai consumer confidence rose for a third consecutive month in November to reach its highest level in six months, helped by government policies and support for domestic tourism, a survey showed on Thursday. The consumer index of the University of the Thai Chamber of Commerce rose to 53.2 in November …

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Hikvision challenges US decision to expand crackdown on Chinese telecom gear

4 Dec 2025 4 Dec 2025

By David Shepardson WASHINGTON, Dec 3 (Reuters) – Chinese manufacturer Hikvision said on Wednesday its U.S. arm has filed a legal challenge to a new Federal Communications Commision rule that allows Washington to tighten rules on telecoms gear made by Chinese companies deemed security risks. In October, the U.S. telecoms regulator voted 3-0 to block …

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Australia’s Optus restores nbn services across Brisbane, parts of Queensland after outage

4 Dec 2025 4 Dec 2025

Dec 4 (Reuters) – Australian telecom company Optus has fully restored its National Broadband Network (nbn) services in Brisbane and other affected areas of Queensland following a recent outage, a company spokesperson said on Thursday. About 95,000 customers in Brisbane and parts of Queensland faced an outage on Wednesday as a result of a network …

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BOJ’s Ueda flags uncertainty on how far rates can go up

4 Dec 2025 4 Dec 2025

By Leika Kihara TOKYO, Dec 4 (Reuters) – Bank of Japan Governor Kazuo Ueda said on Thursday there was uncertainty on how far the central bank could raise interest rates due to the difficulty of estimating the country’s neutral rate of interest. “Unfortunately, the neutral rate of interest is a concept for which we can …

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Reuters Asia Business﻿﻿

Reuters Asia Business