Reuters Asia Business

In South Korea’s ‘apple county’, farmers beg not to be sacrificed for US trade deal

22 Jul 2025

By Hyunjoo Jin CHEONGSONG, South Korea (Reuters) -The apples grown in the South Korean county of Cheongsong in the country’s southeast are so renowned for their flavour that they are often given out in neatly-packaged gift boxes during national holidays. But apple farmers, who account for about a third of the roughly 14,000 households in …

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China’s CNOOC starts producing heavy crude at Bohai’s Kenli oilfield

22 Jul 2025

By Sam Li and Chen Aizhu (Reuters) -China’s CNOOC Ltd. said on Tuesday it has started production at the Kenli 10-2 oilfield in the Bohai Sea offshore northern China that holds an estimated 100 million metric tons, or about 730 million barrels of geological reserve. The state oil major said the project is the largest …

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Kansai Electric to start surveys for new nuclear power reactor in Mihama

22 Jul 2025

By Kentaro Okasaka and Yuka Obayashi TOKYO (Reuters) -Kansai Electric Power will begin surveys for the construction of a new nuclear power reactor at its Mihama power station in Fukui prefecture, western Japan, to replace the existing facility, the company said on Tuesday. The decision marks Japan’s first concrete step towards building a new nuclear …

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Akzo Nobel eyes decorative paint disposals in Asia after $1.6 billion India unit sale

22 Jul 2025

By Dimitri Rhodes (Reuters) -Dulux paints maker Akzo Nobel plans to focus on its business-to-business offering in Asia during the next phase of its portfolio review, after the $1.6 billion sale of its India unit in June, its chief executive said on Tuesday. It will do this by increasing investments in coatings while selling off …

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Canada’s Couche-Tard resumes share buyback after scrapping Seven & I acquisition bid (July 21)

22 Jul 2025

(Corrects July 21 story to change market capitalization in paragraph 3 to about $53 billion from $15.95 billion) (Reuters) -Canada’s Alimentation Couche-Tard on Monday said it was resuming its share repurchase program days after the Circle K-parent scrapped its $46-billion attempt to buy Japan’s Seven & I. The company said it would repurchase up to …

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Thai cabinet picks Vitai Ratanakorn as next central bank chief

22 Jul 2025

By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s cabinet gave its approval on Tuesday for Vitai Ratanakorn to take over as the next central bank governor and revive an economy in the doldrums with limited monetary policy room to work with.  The appointment of Vitai, 54, the president and CEO of the Government Savings Bank, …

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India and Maldives discussing free trade agreement, investment pact

22 Jul 2025

NEW DELHI (Reuters) -India and the Maldives are in discussions to negotiate a free trade agreement and an investment treaty, Indian Foreign Secretary Vikram Misri told reporters on Tuesday. The countries are also discussing new areas of cooperation, including in renewable energy, Misri said. (Reporting by Shivam Patel; writing by Sakshi Dayal; Editing by Andrew …

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Taiwan June export orders beat expectations, tariff uncertainty a concern

22 Jul 2025

TAIPEI (Reuters) -Taiwan’s export orders rose more than expected in June ahead of what was expected to be the last month of a pause on U.S. import tariffs, with demand for the island’s tech and artificial intelligence-related products continuing apace. Export orders rose 24.6% year-on-year in June to $56.77 billion and registered their fifth consecutive …

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China, Hong Kong shares extend rally on Tibet dam project boost

22 Jul 2025

SHANGHAI (Reuters) -China stocks closed at an eight-month high on Tuesday, while Hong Kong shares extended gains to a multi-year peak, driven by construction and power firms after work began on a major dam project in Tibet, billed as the world’s largest. ** China’s blue-chip CSI300 Index ended 0.8% higher, while the Shanghai Composite Index …

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Indonesia targets foreign investment with new AI roadmap, official says

22 Jul 2025

By Stanley Widianto JAKARTA (Reuters) -Indonesia will finish work next month on its first national strategy on artificial intelligence in a bid to attract foreign investment, an official said, as Southeast Asia’s largest economy looks to join the global AI and chip-making race. The move follows neighbouring Malaysia’s push to establish itself as a regional hub …

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