Reuters Asia Business

By David Lawder, Susan Heavey and Andrea Shalal WASHINGTON (Reuters) -U.S. and Chinese officials will meet in Stockholm next week to discuss an extension to the deadline for negotiating a trade deal, U.S. Treasury Secretary Scott Bessent said on Tuesday as President Donald Trump announced a deal with the Philippines and released terms of a …

US, China to discuss tariff deadline extension as Trump reaches Philippines deal Read More »

BEIJING (Reuters) -Apple supplier Goertek Inc said on Tuesday it plans to buy two units of Hong Kong’s Luen Fung Commercial Holdings for about combined HK$10.4 billion ($1.32 billion). The acquisition of Mega Precision Technology and Channel Well Industrial would help Goertek strengthen competitiveness in the field of precision structural components, the company said in …

Apple supplier Goertek to buy Luen Fung Commercial’s units for $1.3 billion Read More »

NEW YORK (Reuters) -The U.S. Public Company Accounting Oversight Board said on Tuesday it had revoked the license of a Hong Kong firm and barred its owner for violating audit rules related to companies operating in China, including Luckin Coffee Inc.  The PCAOB said in a statement it had sanctioned Centurion ZD CPA & Co …

US audit watchdog bars, fines Hong Kong auditor Read More »

By Shariq Khan NEW YORK (Reuters) -Oil prices fell on Tuesday for a third consecutive session, as hopes faded for a trade deal between the U.S. and Europe, feeding fears of an economic slowdown in the world’s largest oil markets. Brent crude futures were down 82 cents, or 1.2%, to $68.39 a barrel by 1:59 …

Oil prices fall as key trade talks falter ahead of tariff deadline Read More »

By Daphne Psaledakis and Kanishka Singh WASHINGTON (Reuters) -The U.S. State Department said on Monday that the Chinese government had blocked a U.S. Patent and Trademark Office employee visiting the Asian country in a personal capacity from leaving. “We are tracking this case very closely and are engaged with Chinese officials to resolve the situation …

Washington says China will not let US government employee leave the country Read More »

By David Brunnstrom and Karen Lema WASHINGTON/MANILA (Reuters) -Philippine President Ferdinand Marcos Jr. will meet U.S. President Donald Trump this week, hoping Manila’s status as a key Asian ally will secure a more favorable trade deal before an August 1 deadline. Marcos will see Trump at the White House on Tuesday, the first Southeast Asian leader …

Philippines’ Marcos to meet Trump hoping to secure trade deal Read More »

(Reuters) -China’s BYD will delay mass production at its new electric vehicle factory in Hungary until 2026 and will run the plant at below capacity for at least the first two years, two sources familiar with the matter said. At the same time, China’s No. 1 automaker will start making cars earlier than expected at …

Exclusive-BYD to delay mass production at new Hungarian plant, make fewer EVs, sources say Read More »